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Parkson retail Asia (SGX:O9E) Cyclically Adjusted FCF per Share : S$0.03 (As of Mar. 2024)


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What is Parkson retail Asia 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.

Parkson retail Asia's adjusted free cash flow per share for the three months ended in Mar. 2024 was S$0.055. 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 S$0.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Parkson retail Asia's average Cyclically Adjusted FCF Growth Rate was 50.00% 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 (2024-06-08), Parkson retail Asia's current stock price is S$0.089. Parkson retail Asia's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was S$0.03. Parkson retail Asia's Cyclically Adjusted Price-to-FCF of today is 2.97.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Parkson retail Asia was 8.70. The lowest was 1.70. And the median was 3.60.


Parkson retail Asia Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Parkson retail Asia'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.

Parkson retail Asia Cyclically Adjusted FCF per Share Chart

Parkson retail Asia Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.02 0.02

Parkson retail Asia Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Sep21 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 0.02 0.01 0.02 0.02 0.03

Competitive Comparison of Parkson retail Asia's Cyclically Adjusted FCF per Share

For the Department Stores subindustry, Parkson retail Asia'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.


Parkson retail Asia's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Parkson retail Asia's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Parkson retail Asia's Cyclically Adjusted Price-to-FCF falls into.



Parkson retail Asia 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, Parkson retail Asia'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)
=0.055/131.7762*131.7762
=0.055

Current CPI (Mar. 2024) = 131.7762.

Parkson retail Asia Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.044 98.326 0.059
201403 -0.054 99.695 -0.071
201406 0.008 100.560 0.010
201409 0.018 100.428 0.024
201412 0.046 99.070 0.061
201503 -0.002 99.621 -0.003
201506 -0.045 100.684 -0.059
201509 -0.004 100.392 -0.005
201512 0.010 99.792 0.013
201603 -0.057 100.470 -0.075
201606 -0.018 101.688 -0.023
201609 -0.059 101.861 -0.076
201612 0.053 101.863 0.069
201703 -0.055 102.862 -0.070
201706 0.061 103.349 0.078
201709 -0.074 104.136 -0.094
201712 0.041 104.011 0.052
201803 -0.019 105.290 -0.024
201806 0.011 106.317 0.014
201809 -0.046 106.507 -0.057
201812 0.056 105.998 0.070
201903 -0.037 107.251 -0.045
201906 0.033 108.070 0.040
201909 -0.031 108.329 -0.038
201912 0.095 108.420 0.115
202003 -0.031 108.902 -0.038
202006 -0.028 108.767 -0.034
202009 0.055 109.815 0.066
202012 0.019 109.897 0.023
202103 0.016 111.754 0.019
202109 -0.013 115.734 -0.015
202203 0.017 121.301 0.018
202206 0.084 125.017 0.089
202209 -0.024 125.227 -0.025
202212 0.065 125.222 0.068
202303 0.011 127.348 0.011
202306 0.020 128.729 0.020
202309 -0.018 129.860 -0.018
202312 0.061 129.419 0.062
202403 0.055 131.776 0.055

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


Parkson retail Asia  (SGX:O9E) 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.

Parkson retail Asia's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.089/0.03
=2.97

* 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 Parkson retail Asia was 8.70. The lowest was 1.70. And the median was 3.60.


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.


Parkson retail Asia Cyclically Adjusted FCF per Share Related Terms

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


Parkson retail Asia (SGX:O9E) Business Description

Traded in Other Exchanges
N/A
Address
Klang Parade, No. 2112 Jalan Meru, Level 5, Klang, SGR, MYS, 41050
Parkson retail Asia Ltd is a Singapore-based investment holding company. The company's operating segment includes Retail stores and Food and beverage operations. It generates maximum revenue from the Retail store's segment. The company's geographical segment includes Malaysia; Vietnam; Indonesia; Myanmar; and Cambodia. It derives a majority of its revenue from Malaysia.

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