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DMCI Holdings (PHS:DMC) Cyclically Adjusted FCF per Share : ₱1.27 (As of Mar. 2024)


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What is DMCI Holdings 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.

DMCI Holdings's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱0.795. 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 ₱1.27 for the trailing ten years ended in Mar. 2024.

During the past 12 months, DMCI Holdings's average Cyclically Adjusted FCF Growth Rate was 21.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 27.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of DMCI Holdings was 27.10% per year. The lowest was -0.60% per year. And the median was 10.45% per year.

As of today (2024-05-26), DMCI Holdings's current stock price is ₱11.00. DMCI Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱1.27. DMCI Holdings's Cyclically Adjusted Price-to-FCF of today is 8.66.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of DMCI Holdings was 24.95. The lowest was 5.81. And the median was 11.02.


DMCI Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for DMCI Holdings'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.

DMCI Holdings Cyclically Adjusted FCF per Share Chart

DMCI Holdings 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 0.62 0.58 0.66 0.98 1.19

DMCI Holdings 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 1.05 1.24 1.27 1.19 1.27

Competitive Comparison of DMCI Holdings's Cyclically Adjusted FCF per Share

For the Conglomerates subindustry, DMCI Holdings'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.


DMCI Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, DMCI Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



DMCI Holdings 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, DMCI Holdings'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)
=0.795/131.7762*131.7762
=0.795

Current CPI (Mar. 2024) = 131.7762.

DMCI Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.193 100.560 0.253
201409 -0.694 100.428 -0.911
201412 0.312 99.070 0.415
201503 0.286 99.621 0.378
201506 0.291 100.684 0.381
201509 -0.061 100.392 -0.080
201512 0.015 99.792 0.020
201603 0.129 100.470 0.169
201606 0.281 101.688 0.364
201609 0.157 101.861 0.203
201612 0.354 101.863 0.458
201703 0.171 102.862 0.219
201706 0.149 103.349 0.190
201709 0.204 104.136 0.258
201712 0.539 104.011 0.683
201803 0.229 105.290 0.287
201806 0.101 106.317 0.125
201809 0.087 106.507 0.108
201812 -0.039 105.998 -0.048
201903 0.072 107.251 0.088
201906 0.312 108.070 0.380
201909 -0.022 108.329 -0.027
201912 0.386 108.420 0.469
202003 -0.292 108.902 -0.353
202006 0.007 108.767 0.008
202009 0.192 109.815 0.230
202012 0.339 109.897 0.406
202103 0.040 111.754 0.047
202106 0.064 114.631 0.074
202109 0.516 115.734 0.588
202112 0.586 117.630 0.656
202203 1.043 121.301 1.133
202206 1.021 125.017 1.076
202209 0.275 125.227 0.289
202212 0.375 125.222 0.395
202303 0.638 127.348 0.660
202306 1.429 128.729 1.463
202309 0.250 129.860 0.254
202312 0.625 129.419 0.636
202403 0.795 131.776 0.795

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


DMCI Holdings  (PHS:DMC) 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.

DMCI Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=11.00/1.27
=8.66

* 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 DMCI Holdings was 24.95. The lowest was 5.81. And the median was 11.02.


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.


DMCI Holdings Cyclically Adjusted FCF per Share Related Terms

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


DMCI Holdings (PHS:DMC) Business Description

Industry
Traded in Other Exchanges
Address
2281 Don Chino Roces Avenue, 3rd Floor, Dacon Building, Makati, PHL, 1231
DMCI Holdings is an engineering conglomerate in the Philippines, primarily operating in construction, real estate development, power generation, mining, water distribution, and manufacturing. The activities of the company include construction-related businesses such as production and trading of concrete products, exploration, mining, and development of coal resources, mining and selling nickel ore, residential development, power generation through coal-fired power plants and satellite power plants, and water services. It organizes its business into seven operating segments: constructions and others; coal mining; nickel mining; real estate; on-grid power; off-grid power; and water. Majority of revenue is generated from coal mining segment.

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