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Alarko Holding AS (IST:ALARK) Cyclically Adjusted FCF per Share : ₺0.42 (As of Dec. 2023)


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What is Alarko Holding AS 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.

Alarko Holding AS's adjusted free cash flow per share for the three months ended in Dec. 2023 was ₺-0.003. 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 ₺0.42 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Alarko Holding AS's average Cyclically Adjusted FCF Growth Rate was -16.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 37.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 57.10% 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 Alarko Holding AS was 92.60% per year. The lowest was 37.90% per year. And the median was 46.80% per year.

As of today (2024-05-27), Alarko Holding AS's current stock price is ₺120.60. Alarko Holding AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₺0.42. Alarko Holding AS's Cyclically Adjusted Price-to-FCF of today is 287.14.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Alarko Holding AS was 1363.00. The lowest was 30.95. And the median was 69.29.


Alarko Holding AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Alarko Holding AS'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.

Alarko Holding AS Cyclically Adjusted FCF per Share Chart

Alarko Holding AS 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 0.07 0.16 0.19 0.50 0.42

Alarko Holding AS 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 0.50 0.39 0.71 0.41 0.42

Competitive Comparison of Alarko Holding AS's Cyclically Adjusted FCF per Share

For the Conglomerates subindustry, Alarko Holding AS'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.


Alarko Holding AS's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

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

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



Alarko Holding AS 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, Alarko Holding AS'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)
=-0.003/129.4194*129.4194
=-0.003

Current CPI (Dec. 2023) = 129.4194.

Alarko Holding AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.057 99.695 -0.074
201406 -0.210 100.560 -0.270
201409 -0.167 100.428 -0.215
201412 -0.040 99.070 -0.052
201503 -0.163 99.621 -0.212
201506 0.008 100.684 0.010
201509 0.304 100.392 0.392
201512 -0.518 99.792 -0.672
201603 0.004 100.470 0.005
201606 0.066 101.688 0.084
201609 0.027 101.861 0.034
201612 0.095 101.863 0.121
201703 0.035 102.862 0.044
201706 0.051 103.349 0.064
201709 0.031 104.136 0.039
201712 0.142 104.011 0.177
201803 0.023 105.290 0.028
201806 0.294 106.317 0.358
201809 0.322 106.507 0.391
201812 0.196 105.998 0.239
201903 0.036 107.251 0.043
201906 0.054 108.070 0.065
201909 0.001 108.329 0.001
201912 -0.008 108.420 -0.010
202003 0.197 108.902 0.234
202006 0.184 108.767 0.219
202009 0.858 109.815 1.011
202012 -0.390 109.897 -0.459
202103 0.707 111.754 0.819
202106 -0.280 114.631 -0.316
202109 -0.030 115.734 -0.034
202112 -0.005 117.630 -0.006
202203 -0.878 121.301 -0.937
202206 -0.739 125.017 -0.765
202209 2.369 125.227 2.448
202212 2.342 125.222 2.421
202303 -0.926 127.348 -0.941
202306 3.377 128.729 3.395
202309 -3.505 129.860 -3.493
202312 -0.003 129.419 -0.003

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


Alarko Holding AS  (IST:ALARK) 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.

Alarko Holding AS's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=120.60/0.42
=287.14

* 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 Alarko Holding AS was 1363.00. The lowest was 30.95. And the median was 69.29.


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.


Alarko Holding AS Cyclically Adjusted FCF per Share Related Terms

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


Alarko Holding AS (IST:ALARK) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Muallim Naci Caddesi No. 69, Ortakoy, Istanbul, TUR, 34347
Alarko Holding AS is a holding company consisting of companies that operate in contracting, construction, land development, industry, trade, tourism, and energy. The company's segments include holding, tourism, industry and merchandising, energy, contracting/land development. Its contracting group operates as a general contractor in Turkey and abroad and carries out airport and rail system projects, large scale infrastructure works, constructions of industrial plants, hospitals, and other such projects. The majority of the revenue is derived from the contracting and land development segment.

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