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PT Bank Pan Indonesia Tbk (ISX:PNBN) Cyclically Adjusted FCF per Share : Rp102.34 (As of Mar. 2024)


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What is PT Bank Pan Indonesia Tbk 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.

PT Bank Pan Indonesia Tbk's adjusted free cash flow per share for the three months ended in Mar. 2024 was Rp189.918. 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 Rp102.34 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT Bank Pan Indonesia Tbk's average Cyclically Adjusted FCF Growth Rate was -15.00% per year. 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.

As of today (2024-05-23), PT Bank Pan Indonesia Tbk's current stock price is Rp1090.00. PT Bank Pan Indonesia Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was Rp102.34. PT Bank Pan Indonesia Tbk's Cyclically Adjusted Price-to-FCF of today is 10.65.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Bank Pan Indonesia Tbk was 146.69. The lowest was 5.37. And the median was 18.91.


PT Bank Pan Indonesia Tbk Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PT Bank Pan Indonesia Tbk'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.

PT Bank Pan Indonesia Tbk Cyclically Adjusted FCF per Share Chart

PT Bank Pan Indonesia Tbk 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 -178.55 -48.38 24.85 86.56 57.47

PT Bank Pan Indonesia Tbk 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 119.11 82.08 91.76 57.47 102.34

Competitive Comparison of PT Bank Pan Indonesia Tbk's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, PT Bank Pan Indonesia Tbk'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.


PT Bank Pan Indonesia Tbk's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PT Bank Pan Indonesia Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Bank Pan Indonesia Tbk's Cyclically Adjusted Price-to-FCF falls into.



PT Bank Pan Indonesia Tbk 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, PT Bank Pan Indonesia Tbk'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)
=189.918/130.6070*130.6070
=189.918

Current CPI (Mar. 2024) = 130.6070.

PT Bank Pan Indonesia Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 181.199 93.015 254.431
201409 -257.654 94.576 -355.813
201412 -102.500 98.819 -135.472
201503 390.610 98.388 518.525
201506 -116.756 99.766 -152.849
201509 -12.953 101.037 -16.744
201512 -40.666 102.133 -52.004
201603 196.806 102.764 250.129
201606 -141.191 103.212 -178.666
201609 56.846 104.142 71.292
201612 -120.666 105.222 -149.777
201703 -326.636 106.476 -400.663
201706 100.923 107.722 122.364
201709 -213.154 108.020 -257.724
201712 110.562 109.017 132.458
201803 -289.535 110.097 -343.474
201806 -9.703 111.085 -11.408
201809 -333.524 111.135 -391.963
201812 164.102 112.430 190.633
201903 -125.130 112.829 -144.847
201906 45.869 114.730 52.217
201909 -47.808 114.905 -54.341
201912 313.060 115.486 354.050
202003 -225.694 116.252 -253.562
202006 1,080.925 116.630 1,210.466
202009 106.034 116.397 118.979
202012 182.232 117.318 202.874
202103 175.308 117.840 194.302
202106 513.712 118.184 567.712
202109 -676.813 118.262 -747.465
202112 100.622 119.516 109.960
202203 -21.217 120.948 -22.911
202206 18.475 123.322 19.566
202209 82.464 125.298 85.958
202212 -101.626 126.098 -105.260
202303 159.483 126.953 164.074
202306 18.442 127.663 18.867
202309 -38.887 128.151 -39.632
202312 9.152 129.395 9.238
202403 189.918 130.607 189.918

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


PT Bank Pan Indonesia Tbk  (ISX:PNBN) 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.

PT Bank Pan Indonesia Tbk's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1090.00/102.34
=10.65

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Bank Pan Indonesia Tbk was 146.69. The lowest was 5.37. And the median was 18.91.


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.


PT Bank Pan Indonesia Tbk Cyclically Adjusted FCF per Share Related Terms

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


PT Bank Pan Indonesia Tbk (ISX:PNBN) Business Description

Traded in Other Exchanges
Address
Jl. Jendral Sudirman Kav. 1, Senayan, Jakarta, IDN, 10270
PT Bank Pan Indonesia Tbk is an Indonesian bank which operates under the Panin Bank name. The bank primarily derives revenue from lending operations, offering products such as long-term, fixed, revolving and discounted loans, consumer loans, and syndicated loans. In addition, the bank provides custodial services for securities including administration and post-trade settlement, as well as general retail banking products such as deposits and insurance. The bank's headquarters are in Jakarta, Indonesia and it operates a string of branches across the country. The bank earns all revenue domestically, but has a representative office in Singapore. Bank Pan Indonesia is a subsidiary of PT Panin Investment.

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