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Hayleys (COL:HAYL.N0000) Cyclically Adjusted FCF per Share : රු12.24 (As of Dec. 2023)


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What is Hayleys 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.

Hayleys's adjusted free cash flow per share for the three months ended in Dec. 2023 was රු-0.111. 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 රු12.24 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Hayleys's average Cyclically Adjusted FCF Growth Rate was 30.20% 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 (2024-06-09), Hayleys's current stock price is රු96.10. Hayleys's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was රු12.24. Hayleys's Cyclically Adjusted Price-to-FCF of today is 7.85.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hayleys was 23.51. The lowest was 5.66. And the median was 7.21.


Hayleys Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hayleys'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.

Hayleys Cyclically Adjusted FCF per Share Chart

Hayleys Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 11.38

Hayleys 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 9.40 11.38 12.56 12.62 12.24

Competitive Comparison of Hayleys's Cyclically Adjusted FCF per Share

For the Conglomerates subindustry, Hayleys'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.


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

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

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



Hayleys 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, Hayleys'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)
=-0.111/129.4194*129.4194
=-0.111

Current CPI (Dec. 2023) = 129.4194.

Hayleys Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.000 99.695 0.000
201406 -1.066 100.560 -1.372
201409 1.979 100.428 2.550
201412 0.806 99.070 1.053
201503 2.312 99.621 3.004
201506 0.624 100.684 0.802
201509 0.602 100.392 0.776
201512 -0.047 99.792 -0.061
201603 0.726 100.470 0.935
201606 -1.672 101.688 -2.128
201609 -6.055 101.861 -7.693
201612 1.318 101.863 1.675
201703 0.963 102.862 1.212
201706 -4.133 103.349 -5.176
201709 4.888 104.136 6.075
201712 3.787 104.011 4.712
201803 -3.091 105.290 -3.799
201806 -7.131 106.317 -8.681
201809 1.004 106.507 1.220
201812 -5.100 105.998 -6.227
201903 3.817 107.251 4.606
201906 6.625 108.070 7.934
201909 2.048 108.329 2.447
201912 3.920 108.420 4.679
202003 1.126 108.902 1.338
202006 11.154 108.767 13.272
202009 15.519 109.815 18.290
202012 12.743 109.897 15.007
202103 -3.599 111.754 -4.168
202106 -5.517 114.631 -6.229
202109 -3.064 115.734 -3.426
202112 6.980 117.630 7.680
202203 -5.067 121.301 -5.406
202206 -1.962 125.017 -2.031
202209 7.539 125.227 7.791
202212 33.246 125.222 34.360
202303 18.728 127.348 19.033
202306 12.652 128.729 12.720
202309 2.710 129.860 2.701
202312 -0.111 129.419 -0.111

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


Hayleys  (COL:HAYL.N0000) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=96.10/12.24
=7.85

* 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 Hayleys was 23.51. The lowest was 5.66. And the median was 7.21.


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.


Hayleys Cyclically Adjusted FCF per Share Related Terms

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


Hayleys (COL:HAYL.N0000) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Number 400, Deans Road, P.O. Box 70, Hayley Building, Colombo, LKA, 10
Hayleys PLC is a holding company engaged in the provision of management services. The company operates through the following segments: Eco Solutions, Hand Protection, Purification Products, Textiles, Construction Materials, Agriculture, Plantations, Consumer and Retail, Leisure, Industry Inputs, Power and Energy, Transportation and Logistics, and Others. Geographically, it derives revenue from Asia, Australia, Europe, the United States, Africa, and others.

Hayleys (COL:HAYL.N0000) Headlines

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