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IS Yatirim Menkul Degerler AS (IST:ISMEN) Cyclically Adjusted FCF per Share : ₺0.95 (As of Dec. 2023)


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What is IS Yatirim Menkul Degerler 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.

IS Yatirim Menkul Degerler AS's adjusted free cash flow per share for the three months ended in Dec. 2023 was ₺7.373. 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 ₺0.95 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 216.40% 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 IS Yatirim Menkul Degerler AS was 216.40% per year. The lowest was 216.40% per year. And the median was 216.40% per year.

As of today (2024-06-08), IS Yatirim Menkul Degerler AS's current stock price is ₺35.20. IS Yatirim Menkul Degerler AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₺0.95. IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF of today is 37.05.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of IS Yatirim Menkul Degerler AS was 425.80. The lowest was 5.51. And the median was 39.68.


IS Yatirim Menkul Degerler AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for IS Yatirim Menkul Degerler 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.

IS Yatirim Menkul Degerler AS Cyclically Adjusted FCF per Share Chart

IS Yatirim Menkul Degerler 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 0.09 0.03 -0.11 -0.31 0.95

IS Yatirim Menkul Degerler 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 -0.31 0.15 0.10 0.21 0.95

Competitive Comparison of IS Yatirim Menkul Degerler AS's Cyclically Adjusted FCF per Share

For the Capital Markets subindustry, IS Yatirim Menkul Degerler 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.


IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF falls into.



IS Yatirim Menkul Degerler 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, IS Yatirim Menkul Degerler 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)
=7.373/129.4194*129.4194
=7.373

Current CPI (Dec. 2023) = 129.4194.

IS Yatirim Menkul Degerler AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.111 99.695 -0.144
201406 0.117 100.560 0.151
201409 0.038 100.428 0.049
201412 -0.090 99.070 -0.118
201503 -0.072 99.621 -0.094
201506 0.050 100.684 0.064
201509 -0.023 100.392 -0.030
201512 -0.056 99.792 -0.073
201603 -0.049 100.470 -0.063
201606 0.208 101.688 0.265
201609 -0.026 101.861 -0.033
201612 -0.011 101.863 -0.014
201703 0.109 102.862 0.137
201706 -0.022 103.349 -0.028
201709 0.038 104.136 0.047
201712 -0.015 104.011 -0.019
201803 -0.143 105.290 -0.176
201806 0.140 106.317 0.170
201809 -0.079 106.507 -0.096
201812 0.308 105.998 0.376
201903 0.337 107.251 0.407
201906 -0.166 108.070 -0.199
201909 0.160 108.329 0.191
201912 -0.022 108.420 -0.026
202003 -0.332 108.902 -0.395
202006 -0.074 108.767 -0.088
202009 0.045 109.815 0.053
202012 -0.050 109.897 -0.059
202103 -0.278 111.754 -0.322
202106 0.403 114.631 0.455
202109 0.668 115.734 0.747
202112 -2.192 117.630 -2.412
202203 -2.171 121.301 -2.316
202206 1.449 125.017 1.500
202209 -1.266 125.227 -1.308
202212 0.099 125.222 0.102
202303 4.788 127.348 4.866
202306 -0.577 128.729 -0.580
202309 1.159 129.860 1.155
202312 7.373 129.419 7.373

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


IS Yatirim Menkul Degerler AS  (IST:ISMEN) 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.

IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=35.20/0.95
=37.05

* 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 IS Yatirim Menkul Degerler AS was 425.80. The lowest was 5.51. And the median was 39.68.


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.


IS Yatirim Menkul Degerler AS Cyclically Adjusted FCF per Share Related Terms

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


IS Yatirim Menkul Degerler AS (IST:ISMEN) Business Description

Traded in Other Exchanges
N/A
Address
Levent Mahallesi, Meltem Sokak, Is Kuleleri Kule-2, Kat: 13, No:10/14, Besiktas, Istanbul, TUR, 34330
IS Yatirim Menkul Degerler AS is a Turkey-based company engaged in the provision of investment advisory services, market making and liquidity providing services as well as traditional brokerage services The company's operating segment includes Securities Brokerage, Investment Trust, Portfolio Management, Private Equity, and Asset Management. It generates maximum revenue from the Securities Brokerage segment. The company serves domestic and international, individual, and institutional investors with high-added-value services.

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