GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » San Miguel Corp (PHS:SMC) » Definitions » Cyclically Adjusted Price-to-FCF

San Miguel (PHS:SMC) Cyclically Adjusted Price-to-FCF : (As of May. 24, 2024)


View and export this data going back to 1948. Start your Free Trial

What is San Miguel Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


San Miguel Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for San Miguel's Cyclically Adjusted Price-to-FCF 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.

San Miguel Cyclically Adjusted Price-to-FCF Chart

San Miguel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.75 156.97 - - -

San Miguel Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 - - - - -

Competitive Comparison of San Miguel's Cyclically Adjusted Price-to-FCF

For the Conglomerates subindustry, San Miguel'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.


San Miguel's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, San Miguel's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



San Miguel Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

San Miguel's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, San Miguel'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)
=4.626/131.7762*131.7762
=4.626

Current CPI (Mar. 2024) = 131.7762.

San Miguel Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.677 100.560 -3.508
201409 -0.168 100.428 -0.220
201412 2.550 99.070 3.392
201503 -1.596 99.621 -2.111
201506 -4.129 100.684 -5.404
201509 2.092 100.392 2.746
201512 5.941 99.792 7.845
201603 6.824 100.470 8.950
201606 -1.870 101.688 -2.423
201609 2.292 101.861 2.965
201612 8.923 101.863 11.543
201703 5.367 102.862 6.876
201706 7.363 103.349 9.388
201709 5.425 104.136 6.865
201712 -2.549 104.011 -3.229
201803 3.587 105.290 4.489
201806 -1.624 106.317 -2.013
201809 1.506 106.507 1.863
201812 1.751 105.998 2.177
201903 9.222 107.251 11.331
201906 -0.848 108.070 -1.034
201909 -1.961 108.329 -2.385
201912 -1.907 108.420 -2.318
202003 -8.624 108.902 -10.435
202006 0.020 108.767 0.024
202009 -6.092 109.815 -7.310
202012 4.500 109.897 5.396
202103 10.935 111.754 12.894
202106 -9.126 114.631 -10.491
202109 -3.956 115.734 -4.504
202112 -18.949 117.630 -21.228
202203 -0.454 121.301 -0.493
202206 -10.270 125.017 -10.825
202209 -23.108 125.227 -24.317
202212 -31.845 125.222 -33.512
202303 7.371 127.348 7.627
202306 20.109 128.729 20.585
202309 -5.686 129.860 -5.770
202312 -40.970 129.419 -41.716
202403 4.626 131.776 4.626

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


San Miguel  (PHS:SMC) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


San Miguel Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of San Miguel's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


San Miguel (PHS:SMC) Business Description

Industry
Address
No. 40 San Miguel Avenue, Metro Manila, P.O. Box 271, Manila Central Post Office, Mandaluyong, PHL, 1550
San Miguel Corp is a holding company based in the Philippines. The company's operating segments include food and beverage; packaging; energy; fuel and oil; and infrastructure. The company generates a majority of its revenue from the fuel and oil segments. The fuel and oil segment is engaged in refining crude oil and marketing and distribution of refined petroleum products.

San Miguel (PHS:SMC) Headlines

No Headlines