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SPC Power (PHS:SPC) Cyclically Adjusted FCF per Share : ₱0.34 (As of Mar. 2024)


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What is SPC Power 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.

SPC Power's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱-0.004. 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 ₱0.34 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -3.80% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of SPC Power was -1.00% per year. The lowest was -6.40% per year. And the median was -5.65% per year.

As of today (2024-06-07), SPC Power's current stock price is ₱9.40. SPC Power's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱0.34. SPC Power's Cyclically Adjusted Price-to-FCF of today is 27.65.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SPC Power was 45.69. The lowest was 12.20. And the median was 23.82.


SPC Power Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SPC Power'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.

SPC Power Cyclically Adjusted FCF per Share Chart

SPC Power 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 0.39 0.35 0.33 0.32 0.34

SPC Power 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 0.34 0.36 0.37 0.34 0.34

Competitive Comparison of SPC Power's Cyclically Adjusted FCF per Share

For the Utilities - Regulated Electric subindustry, SPC Power'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.


SPC Power's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, SPC Power's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



SPC Power 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, SPC Power'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)
=-0.004/131.7762*131.7762
=-0.004

Current CPI (Mar. 2024) = 131.7762.

SPC Power Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.587 100.560 -0.769
201409 0.542 100.428 0.711
201412 -0.033 99.070 -0.044
201503 0.040 99.621 0.053
201506 -0.003 100.684 -0.004
201509 0.161 100.392 0.211
201512 0.043 99.792 0.057
201603 0.204 100.470 0.268
201606 0.110 101.688 0.143
201609 0.234 101.861 0.303
201612 0.077 101.863 0.100
201703 0.116 102.862 0.149
201706 0.114 103.349 0.145
201709 0.020 104.136 0.025
201712 0.078 104.011 0.099
201803 -0.016 105.290 -0.020
201806 0.044 106.317 0.055
201809 0.046 106.507 0.057
201812 0.041 105.998 0.051
201903 0.111 107.251 0.136
201906 0.122 108.070 0.149
201909 0.062 108.329 0.075
201912 0.080 108.420 0.097
202003 -0.008 108.902 -0.010
202006 0.042 108.767 0.051
202009 0.172 109.815 0.206
202012 0.180 109.897 0.216
202103 -0.008 111.754 -0.009
202106 0.101 114.631 0.116
202109 0.225 115.734 0.256
202112 -0.164 117.630 -0.184
202203 -0.018 121.301 -0.020
202206 0.059 125.017 0.062
202209 0.100 125.227 0.105
202212 0.057 125.222 0.060
202303 0.159 127.348 0.165
202306 0.196 128.729 0.201
202309 0.030 129.860 0.030
202312 0.118 129.419 0.120
202403 -0.004 131.776 -0.004

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


SPC Power  (PHS:SPC) 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.

SPC Power's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.40/0.34
=27.65

* 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 SPC Power was 45.69. The lowest was 12.20. And the median was 23.82.


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.


SPC Power Cyclically Adjusted FCF per Share Related Terms

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


SPC Power (PHS:SPC) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Archbishop Reyes Avenue, Cebu Business Park, 7th Floor, Cebu Holdings Center, Cebu, PHL, 6000
SPC Power Corp is managed through three segments: Generation and supply of power and ancillary services to NPC/PSALM, NGCP, distribution utilities, WESM and other customers; Distribution and sales of electricity to the end-users; and Others segment that operates SECI and SLCI such as to manage, operate and invest in power generating plants and related facilities. It operates and generates revenue principally only in the Philippines.