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Affin Bank Bhd (XKLS:5185) Cyclically Adjusted FCF per Share : RM-0.14 (As of Mar. 2024)


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What is Affin Bank Bhd 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.

Affin Bank Bhd's adjusted free cash flow per share for the three months ended in Mar. 2024 was RM0.756. 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 RM-0.14 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.00% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Affin Bank Bhd was 18.00% per year. The lowest was 18.00% per year. And the median was 18.00% per year.

As of today (2024-06-07), Affin Bank Bhd's current stock price is RM2.42. Affin Bank Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was RM-0.14. Affin Bank Bhd's Cyclically Adjusted Price-to-FCF of today is .


Affin Bank Bhd Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Affin Bank Bhd'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.

Affin Bank Bhd Cyclically Adjusted FCF per Share Chart

Affin Bank Bhd 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 - -0.69 -0.56 -0.25 -0.38

Affin Bank Bhd 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 -0.37 -0.34 -0.28 -0.38 -0.14

Competitive Comparison of Affin Bank Bhd's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Affin Bank Bhd'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.


Affin Bank Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Affin Bank Bhd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Affin Bank Bhd's Cyclically Adjusted Price-to-FCF falls into.



Affin Bank Bhd 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, Affin Bank Bhd'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)
=0.756/131.7762*131.7762
=0.756

Current CPI (Mar. 2024) = 131.7762.

Affin Bank Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.702 100.560 0.920
201409 -0.640 100.428 -0.840
201412 0.603 99.070 0.802
201503 -0.945 99.621 -1.250
201506 -0.755 100.684 -0.988
201509 -0.703 100.392 -0.923
201512 0.620 99.792 0.819
201603 0.547 100.470 0.717
201606 0.040 101.688 0.052
201609 -0.404 101.861 -0.523
201612 -0.192 101.863 -0.248
201703 -0.509 102.862 -0.652
201706 0.890 103.349 1.135
201709 -0.599 104.136 -0.758
201712 -0.861 104.011 -1.091
201803 0.796 105.290 0.996
201806 -1.055 106.317 -1.308
201809 0.904 106.507 1.118
201812 0.059 105.998 0.073
201903 -0.536 107.251 -0.659
201906 0.588 108.070 0.717
201909 -1.146 108.329 -1.394
201912 -1.705 108.420 -2.072
202003 0.199 108.902 0.241
202006 0.274 108.767 0.332
202009 0.349 109.815 0.419
202012 -0.230 109.897 -0.276
202103 0.091 111.754 0.107
202106 0.755 114.631 0.868
202109 0.642 115.734 0.731
202112 -0.454 117.630 -0.509
202203 1.397 121.301 1.518
202206 -0.364 125.017 -0.384
202209 -0.244 125.227 -0.257
202212 0.425 125.222 0.447
202303 -0.592 127.348 -0.613
202306 0.562 128.729 0.575
202309 0.325 129.860 0.330
202312 -0.294 129.419 -0.299
202403 0.756 131.776 0.756

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


Affin Bank Bhd  (XKLS:5185) 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.


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.


Affin Bank Bhd Cyclically Adjusted FCF per Share Related Terms

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


Affin Bank Bhd (XKLS:5185) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Lingkaran TRX, Level 19, Menara AFFIN, Tun Razak Exchange, Kuala Lumpur, SGR, MYS, 55188
Affin Bank Bhd is a Malaysia-based bank. It operates in four segments: Commercial Banking, Investment Banking, Insurance, and Others. The company provides consumer banking, car hire purchase, mortgages, credit & debit cards, and wealth management. Under the Affin Islamic name, the bank provides Shariah-compliant services to clients. The majority of the group's revenue comes from Commercial Banking within Malaysia.

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