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FGV Holdings Bhd (XKLS:5222) Cyclically Adjusted FCF per Share : RM0.18 (As of Dec. 2023)


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What is FGV Holdings 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.

FGV Holdings Bhd's adjusted free cash flow per share for the three months ended in Dec. 2023 was RM0.136. 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 RM0.18 for the trailing ten years ended in Dec. 2023.

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 (2024-05-28), FGV Holdings Bhd's current stock price is RM1.36. FGV Holdings Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was RM0.18. FGV Holdings Bhd's Cyclically Adjusted Price-to-FCF of today is 7.56.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of FGV Holdings Bhd was 16.92. The lowest was 7.28. And the median was 8.76.


FGV Holdings Bhd Cyclically Adjusted FCF per Share Historical Data

The historical data trend for FGV Holdings 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.

FGV Holdings Bhd Cyclically Adjusted FCF per Share Chart

FGV Holdings 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 - - 0.14 0.18 0.18

FGV Holdings Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.18 0.17 0.17 0.17 0.18

Competitive Comparison of FGV Holdings Bhd's Cyclically Adjusted FCF per Share

For the Farm Products subindustry, FGV Holdings 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.


FGV Holdings Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, FGV Holdings Bhd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



FGV Holdings 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, FGV Holdings Bhd's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.136/129.4194*129.4194
=0.136

Current CPI (Dec. 2023) = 129.4194.

FGV Holdings Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.062 99.695 0.080
201406 0.099 100.560 0.127
201409 -0.009 100.428 -0.012
201412 0.045 99.070 0.059
201503 -0.142 99.621 -0.184
201506 -0.166 100.684 -0.213
201509 -0.132 100.392 -0.170
201512 0.042 99.792 0.054
201603 0.084 100.470 0.108
201606 -0.003 101.688 -0.004
201609 0.045 101.861 0.057
201612 -0.082 101.863 -0.104
201703 -0.038 102.862 -0.048
201706 -0.007 103.349 -0.009
201709 0.082 104.136 0.102
201712 0.126 104.011 0.157
201803 0.049 105.290 0.060
201806 -0.010 106.317 -0.012
201809 -0.024 106.507 -0.029
201812 -0.009 105.998 -0.011
201903 -0.031 107.251 -0.037
201906 0.185 108.070 0.222
201909 0.143 108.329 0.171
201912 0.072 108.420 0.086
202003 0.036 108.902 0.043
202006 0.102 108.767 0.121
202009 0.140 109.815 0.165
202012 0.083 109.897 0.098
202103 0.003 111.754 0.003
202106 0.052 114.631 0.059
202109 0.117 115.734 0.131
202112 0.200 117.630 0.220
202203 -0.160 121.301 -0.171
202206 0.180 125.017 0.186
202209 0.317 125.227 0.328
202212 0.063 125.222 0.065
202303 0.028 127.348 0.028
202306 -0.029 128.729 -0.029
202309 0.013 129.860 0.013
202312 0.136 129.419 0.136

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


FGV Holdings Bhd  (XKLS:5222) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1.36/0.18
=7.56

* 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 FGV Holdings Bhd was 16.92. The lowest was 7.28. And the median was 8.76.


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.


FGV Holdings Bhd Cyclically Adjusted FCF per Share Related Terms

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


FGV Holdings Bhd (XKLS:5222) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Raja Laut, Level 21, Wisma FGV, Kuala Lumpur, SGR, MYS, 50350
FGV Holdings Bhd operates an agri-business conglomerate and specializes in oil palm plantations and refineries, rubber production, and sugar products. It has four operating segments; Plantation Sector includes cultivation, harvesting, and production of fresh fruit bunches (FFB) and processing of FFB into crude palm oil and palm kernel, refining of CPO, fractionation of refined bleached deodorized palm oil and Palm Olein, fertilizers processing, rubber processing and production, sale of planting materials and security, Sugar Sector includes refining, sales, and marketing of refined sugar and molasses, Logistics and Other sectors include Bulking and transportation facilities and services, engineering services, information technology, and travel, and Corporate HQ, Others, and Elimination.

FGV Holdings Bhd (XKLS:5222) Headlines

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