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Keppel Philippines Holdings (PHS:KPH) Cyclically Adjusted FCF per Share : ₱0.19 (As of Mar. 2024)


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What is Keppel Philippines 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.

Keppel Philippines Holdings's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱2.332. 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 ₱0.19 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 23.70% 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 Keppel Philippines Holdings was 23.70% per year. The lowest was 14.00% per year. And the median was 18.85% per year.

As of today (2024-05-27), Keppel Philippines Holdings's current stock price is ₱22.95. Keppel Philippines Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱0.19. Keppel Philippines Holdings's Cyclically Adjusted Price-to-FCF of today is 120.79.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Keppel Philippines Holdings was 120.79. The lowest was 45.26. And the median was 65.53.


Keppel Philippines Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Keppel Philippines 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.

Keppel Philippines Holdings Cyclically Adjusted FCF per Share Chart

Keppel Philippines 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 -0.11 -0.09 -0.06 -0.07 -0.04

Keppel Philippines 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 -0.07 -0.07 -0.05 -0.04 0.19

Competitive Comparison of Keppel Philippines Holdings's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, Keppel Philippines 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.


Keppel Philippines Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Keppel Philippines Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Keppel Philippines 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, Keppel Philippines 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)
=2.332/131.7762*131.7762
=2.332

Current CPI (Mar. 2024) = 131.7762.

Keppel Philippines Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.061 100.560 -0.080
201409 0.108 100.428 0.142
201412 0.050 99.070 0.067
201503 -0.007 99.621 -0.009
201506 0.006 100.684 0.008
201509 -0.017 100.392 -0.022
201512 0.043 99.792 0.057
201603 0.009 100.470 0.012
201606 0.019 101.688 0.025
201609 0.009 101.861 0.012
201612 0.035 101.863 0.045
201703 0.023 102.862 0.029
201706 -0.064 103.349 -0.082
201709 -0.024 104.136 -0.030
201712 -0.133 104.011 -0.169
201803 -0.113 105.290 -0.141
201806 -0.035 106.317 -0.043
201809 0.111 106.507 0.137
201812 0.051 105.998 0.063
201903 -0.024 107.251 -0.029
201906 0.017 108.070 0.021
201909 -0.037 108.329 -0.045
201912 -0.131 108.420 -0.159
202003 -0.158 108.902 -0.191
202006 0.006 108.767 0.007
202009 0.311 109.815 0.373
202012 0.058 109.897 0.070
202103 -0.155 111.754 -0.183
202106 0.206 114.631 0.237
202109 -0.283 115.734 -0.322
202112 -0.478 117.630 -0.535
202203 -0.077 121.301 -0.084
202206 -0.029 125.017 -0.031
202209 0.005 125.227 0.005
202212 0.047 125.222 0.049
202303 -0.023 127.348 -0.024
202306 0.105 128.729 0.107
202309 0.204 129.860 0.207
202312 0.105 129.419 0.107
202403 2.332 131.776 2.332

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


Keppel Philippines Holdings  (PHS:KPH) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=22.95/0.19
=120.79

* 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 Keppel Philippines Holdings was 120.79. The lowest was 45.26. And the median was 65.53.


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.


Keppel Philippines Holdings Cyclically Adjusted FCF per Share Related Terms

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


Keppel Philippines Holdings (PHS:KPH) Business Description

Traded in Other Exchanges
Address
Unit 3B, Country Space 1 Building, 133 Sen. Gil J Puyat Avenue, Salcedo Village, Barangay Bel-Air, Makati, PHL, 1200
Keppel Philippines Holdings Inc is an investment holding company, which engages in real estate business in the Philippines. It owns and leases office spaces, parcels of land and land improvements. The company generates maximum revenue from the real estate segment.

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