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Ihlas Holding AS (IST:IHLAS) Cyclically Adjusted FCF per Share : ₺-0.09 (As of Sep. 2023)


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What is Ihlas 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.

Ihlas Holding AS's adjusted free cash flow per share for the three months ended in Sep. 2023 was ₺0.098. 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 ₺-0.09 for the trailing ten years ended in Sep. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Ihlas Holding AS was 20.60% per year. The lowest was 20.60% per year. And the median was 20.60% per year.

As of today (2024-05-23), Ihlas Holding AS's current stock price is ₺1.59. Ihlas Holding AS's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was ₺-0.09. Ihlas Holding AS's Cyclically Adjusted Price-to-FCF of today is .


Ihlas Holding AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ihlas 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.

Ihlas Holding AS Cyclically Adjusted FCF per Share Chart

Ihlas Holding AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.08 -0.07 -0.08 -0.04 -

Ihlas Holding AS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -0.05 - -0.09 -0.11 -0.09

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

For the Conglomerates subindustry, Ihlas 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.


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

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

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



Ihlas 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, Ihlas Holding AS's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.098/129.8595*129.8595
=0.098

Current CPI (Sep. 2023) = 129.8595.

Ihlas Holding AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.080 98.326 0.106
201403 -0.060 99.695 -0.078
201406 0.039 100.560 0.050
201409 -0.015 100.428 -0.019
201412 -0.088 99.070 -0.115
201503 0.035 99.621 0.046
201506 0.018 100.684 0.023
201509 0.017 100.392 0.022
201512 0.015 99.792 0.020
201603 0.038 100.470 0.049
201606 0.008 101.688 0.010
201609 0.049 101.861 0.062
201612 -0.050 101.863 -0.064
201703 0.013 102.862 0.016
201706 0.018 103.349 0.023
201709 -0.020 104.136 -0.025
201712 -0.023 104.011 -0.029
201803 0.012 105.290 0.015
201806 -0.021 106.317 -0.026
201809 -0.064 106.507 -0.078
201812 0.015 105.998 0.018
201903 0.055 107.251 0.067
201906 -0.004 108.070 -0.005
201909 0.030 108.329 0.036
201912 -0.085 108.420 -0.102
202003 0.098 108.902 0.117
202006 -0.030 108.767 -0.036
202009 -0.086 109.815 -0.102
202012 -0.136 109.897 -0.161
202103 -0.297 111.754 -0.345
202106 -0.116 114.631 -0.131
202109 -0.091 115.734 -0.102
202112 -0.059 117.630 -0.065
202203 0.089 121.301 0.095
202206 0.050 125.017 0.052
202209 -0.121 125.227 -0.125
202212 0.000 125.222 0.000
202303 -0.181 127.348 -0.185
202306 0.025 128.729 0.025
202309 0.098 129.860 0.098

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


Ihlas Holding AS  (IST:IHLAS) 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.


Ihlas Holding AS Cyclically Adjusted FCF per Share Related Terms

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


Ihlas Holding AS (IST:IHLAS) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Merkez Mahallesi 29 Ekim Caddesi, Ihlas Plaza No: 11 B/21, Yenibosna, Bahcelievler, Istanbul, TUR, 34197
Ihlas Holding AS is a Turkey-based holding company. The company's operating segment includes Construction; Marketing; Media and Others. It generates maximum revenue from the Marketing segment. The construction segment includes real estate trading, construction projects, installation and contracting work, tourism and health investments, marketing, operating, and other construction operations. The Media Segment involves publishing, selling, distributing and marketing of newspapers, photography, TV and radio broadcasting abroad and all kinds of advertising in Turkey. The Marketing segment includes home appliances manufacturing, all kinds of motorized and non-motorized vehicles production, import, export, consumer durable trade, and its marketing. Geographically, it operates only in Turkey.

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