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Al-Ghazi Tractors (KAR:AGTL) Cyclically Adjusted FCF per Share : ₨31.58 (As of Mar. 2024)


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What is Al-Ghazi Tractors 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.

Al-Ghazi Tractors's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₨3.974. 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 ₨31.58 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Al-Ghazi Tractors's average Cyclically Adjusted FCF Growth Rate was -26.80% 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 (2024-06-01), Al-Ghazi Tractors's current stock price is ₨354.24. Al-Ghazi Tractors's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₨31.58. Al-Ghazi Tractors's Cyclically Adjusted Price-to-FCF of today is 11.22.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Al-Ghazi Tractors was 13.82. The lowest was 5.73. And the median was 10.73.


Al-Ghazi Tractors Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Al-Ghazi Tractors'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.

Al-Ghazi Tractors Cyclically Adjusted FCF per Share Chart

Al-Ghazi Tractors 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 - - 34.52 25.17 28.97

Al-Ghazi Tractors 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 43.16 34.07 41.14 28.97 31.58

Competitive Comparison of Al-Ghazi Tractors's Cyclically Adjusted FCF per Share

For the Farm & Heavy Construction Machinery subindustry, Al-Ghazi Tractors'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.


Al-Ghazi Tractors's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Al-Ghazi Tractors's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Al-Ghazi Tractors's Cyclically Adjusted Price-to-FCF falls into.



Al-Ghazi Tractors 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, Al-Ghazi Tractors'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)
=3.974/131.7762*131.7762
=3.974

Current CPI (Mar. 2024) = 131.7762.

Al-Ghazi Tractors Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 5.966 100.560 7.818
201409 9.485 100.428 12.446
201412 14.098 99.070 18.752
201503 11.393 99.621 15.070
201506 0.105 100.684 0.137
201509 -3.869 100.392 -5.079
201512 -0.237 99.792 -0.313
201603 18.722 100.470 24.556
201606 6.084 101.688 7.884
201609 -9.137 101.861 -11.820
201612 38.577 101.863 49.906
201703 44.378 102.862 56.852
201706 -28.269 103.349 -36.045
201709 23.782 104.136 30.094
201712 23.897 104.011 30.276
201803 9.499 105.290 11.889
201806 -8.164 106.317 -10.119
201809 -18.515 106.507 -22.908
201812 -5.921 105.998 -7.361
201903 25.322 107.251 31.113
201906 -13.573 108.070 -16.550
201909 51.200 108.329 62.282
201912 -29.536 108.420 -35.899
202003 41.415 108.902 50.114
202006 12.364 108.767 14.980
202009 17.820 109.815 21.384
202012 -34.980 109.897 -41.944
202103 53.951 111.754 63.617
202106 15.060 114.631 17.312
202109 -11.505 115.734 -13.100
202112 20.186 117.630 22.614
202203 -19.388 121.301 -21.062
202206 26.135 125.017 27.548
202209 -39.336 125.227 -41.393
202212 -45.780 125.222 -48.176
202303 143.622 127.348 148.616
202306 -73.491 128.729 -75.231
202309 70.889 129.860 71.935
202312 -96.606 129.419 -98.365
202403 3.974 131.776 3.974

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


Al-Ghazi Tractors  (KAR:AGTL) 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.

Al-Ghazi Tractors's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=354.24/31.58
=11.22

* 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 Al-Ghazi Tractors was 13.82. The lowest was 5.73. And the median was 10.73.


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.


Al-Ghazi Tractors Cyclically Adjusted FCF per Share Related Terms

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


Al-Ghazi Tractors (KAR:AGTL) Business Description

Traded in Other Exchanges
N/A
Address
16th East Street, Off. Korangi Road, Tractor House, No.102-B, DHA Phase I, Karachi, PAK
Al-Ghazi Tractors Ltd is an agricultural equipment manufacturer in Pakistan. Its major operating segment includes the manufacture and sale of agricultural tractors, implements and spare parts which generates most of the company's revenue. The company's other activities include implements and generators. Its implements segment comprises cultivators, disk harrows, potato diggers, sprayers, ploughs and all other equipment which aid agriculture and the generator segment offers energy-efficient diesel generators. Geographically, it derives a majority of revenue from Pakistan.

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