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Arcelik AS (IST:ARCLK) Cyclically Adjusted FCF per Share : ₺-6.14 (As of Mar. 2024)


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What is Arcelik AS Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Arcelik AS's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₺-13.045. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ₺-6.14 for the trailing ten years ended in Mar. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Arcelik AS was 20.40% per year. The lowest was 13.60% per year. And the median was 17.00% per year.

As of today (2024-06-09), Arcelik AS's current stock price is ₺166.90. Arcelik AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₺-6.14. Arcelik AS's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Arcelik AS was 319.57. The lowest was 16.07. And the median was 25.41.


Arcelik AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Arcelik AS's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Arcelik AS Cyclically Adjusted FCF per Share Chart

Arcelik AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 1.50 1.13 -1.02 -4.74

Arcelik AS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.26 -1.80 -2.18 -4.74 -6.14

Competitive Comparison of Arcelik AS's Cyclically Adjusted FCF per Share

For the Furnishings, Fixtures & Appliances subindustry, Arcelik AS's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Arcelik AS's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Arcelik AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Arcelik AS's Cyclically Adjusted Price-to-FCF falls into.



Arcelik AS Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Arcelik AS's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-13.045/131.7762*131.7762
=-13.045

Current CPI (Mar. 2024) = 131.7762.

Arcelik AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.055 100.560 0.072
201409 0.287 100.428 0.377
201412 0.405 99.070 0.539
201503 0.049 99.621 0.065
201506 0.018 100.684 0.024
201509 -0.006 100.392 -0.008
201512 1.541 99.792 2.035
201603 0.307 100.470 0.403
201606 0.399 101.688 0.517
201609 0.437 101.861 0.565
201612 0.687 101.863 0.889
201703 -0.798 102.862 -1.022
201706 -0.491 103.349 -0.626
201709 0.042 104.136 0.053
201712 0.659 104.011 0.835
201803 -0.324 105.290 -0.406
201806 -0.476 106.317 -0.590
201809 -0.158 106.507 -0.195
201812 0.785 105.998 0.976
201903 0.519 107.251 0.638
201906 0.733 108.070 0.894
201909 0.325 108.329 0.395
201912 1.079 108.420 1.311
202003 0.690 108.902 0.835
202006 3.160 108.767 3.828
202009 3.346 109.815 4.015
202012 1.857 109.897 2.227
202103 -3.138 111.754 -3.700
202106 -1.649 114.631 -1.896
202109 0.064 115.734 0.073
202112 -0.617 117.630 -0.691
202203 -2.817 121.301 -3.060
202206 -7.154 125.017 -7.541
202209 2.781 125.227 2.926
202212 -14.564 125.222 -15.326
202303 -11.812 127.348 -12.223
202306 4.357 128.729 4.460
202309 -4.334 129.860 -4.398
202312 -25.177 129.419 -25.635
202403 -13.045 131.776 -13.045

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Arcelik AS  (IST:ARCLK) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Arcelik AS was 319.57. The lowest was 16.07. And the median was 25.41.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Arcelik AS Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Arcelik AS's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Arcelik AS (IST:ARCLK) Business Description

Traded in Other Exchanges
Address
Karaagac Caddesi No 2-6, Sutluce, Istanbul, TUR, 34445
Arcelik AS is a Turkey-based company that is principally engaged in manufacturing household appliances. Its products consist of consumer durable goods, consumer electronics, kitchen accessories, and small home appliances. It provides after-sale services as well. The company generates most of its revenue from white products. The company has factories in a number of countries, such as Turkey, Romania, Russia, China, South Africa, and Thailand. It has a worldwide business presence, including Turkey, Europe, Africa, and the Middle East, with Turkey and Western Europe as the largest markets.

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