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PT Perusahaan Gas Negara Tbk (ISX:PGAS) Cyclically Adjusted FCF per Share : Rp236.11 (As of Mar. 2024)


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What is PT Perusahaan Gas Negara Tbk 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.

PT Perusahaan Gas Negara Tbk's adjusted free cash flow per share for the three months ended in Mar. 2024 was Rp134.381. 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 Rp236.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT Perusahaan Gas Negara Tbk's average Cyclically Adjusted FCF Growth Rate was 6.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -0.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -4.50% 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 PT Perusahaan Gas Negara Tbk was -0.90% per year. The lowest was -7.60% per year. And the median was -5.00% per year.

As of today (2024-05-27), PT Perusahaan Gas Negara Tbk's current stock price is Rp1580.00. PT Perusahaan Gas Negara Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was Rp236.11. PT Perusahaan Gas Negara Tbk's Cyclically Adjusted Price-to-FCF of today is 6.69.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Perusahaan Gas Negara Tbk was 10.43. The lowest was 2.57. And the median was 6.76.


PT Perusahaan Gas Negara Tbk Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PT Perusahaan Gas Negara Tbk'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.

PT Perusahaan Gas Negara Tbk Cyclically Adjusted FCF per Share Chart

PT Perusahaan Gas Negara Tbk 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 270.80 232.14 210.81 215.87 226.00

PT Perusahaan Gas Negara Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 222.80 221.86 227.69 226.00 236.11

Competitive Comparison of PT Perusahaan Gas Negara Tbk's Cyclically Adjusted FCF per Share

For the Utilities - Regulated Gas subindustry, PT Perusahaan Gas Negara Tbk'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.


PT Perusahaan Gas Negara Tbk's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PT Perusahaan Gas Negara Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Perusahaan Gas Negara Tbk's Cyclically Adjusted Price-to-FCF falls into.



PT Perusahaan Gas Negara Tbk 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, PT Perusahaan Gas Negara Tbk'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)
=134.381/130.6070*130.6070
=134.381

Current CPI (Mar. 2024) = 130.6070.

PT Perusahaan Gas Negara Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -18.622 93.015 -26.148
201409 -58.374 94.576 -80.613
201412 174.227 98.819 230.271
201503 -0.892 98.388 -1.184
201506 -211.308 99.766 -276.630
201509 -24.678 101.037 -31.901
201512 -13.962 102.133 -17.855
201603 40.702 102.764 51.730
201606 -19.577 103.212 -24.773
201609 41.946 104.142 52.605
201612 62.808 105.222 77.961
201703 114.026 106.476 139.868
201706 -16.663 107.722 -20.203
201709 84.548 108.020 102.227
201712 -2.541 109.017 -3.044
201803 72.580 110.097 86.101
201806 111.773 111.085 131.416
201809 89.731 111.135 105.453
201812 53.225 112.430 61.830
201903 105.898 112.829 122.584
201906 66.663 114.730 75.888
201909 203.511 114.905 231.322
201912 -37.401 115.486 -42.298
202003 100.329 116.252 112.718
202006 -46.391 116.630 -51.951
202009 124.943 116.397 140.197
202012 -80.899 117.318 -90.063
202103 43.113 117.840 47.784
202106 70.489 118.184 77.899
202109 30.612 118.262 33.808
202112 69.655 119.516 76.119
202203 89.915 120.948 97.096
202206 98.569 123.322 104.391
202209 167.027 125.298 174.104
202212 167.818 126.098 173.819
202303 134.064 126.953 137.923
202306 42.024 127.663 42.993
202309 74.324 128.151 75.748
202312 128.327 129.395 129.529
202403 134.381 130.607 134.381

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


PT Perusahaan Gas Negara Tbk  (ISX:PGAS) 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.

PT Perusahaan Gas Negara Tbk's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1580.00/236.11
=6.69

* 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 PT Perusahaan Gas Negara Tbk was 10.43. The lowest was 2.57. And the median was 6.76.


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.


PT Perusahaan Gas Negara Tbk Cyclically Adjusted FCF per Share Related Terms

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


PT Perusahaan Gas Negara Tbk (ISX:PGAS) Business Description

Traded in Other Exchanges
Address
Jalan KH. Zainul Arifin Number 20, Jakarta, IDN, 11140
PT Perusahaan Gas Negara Tbk, or PGN, is an Indonesian natural gas company of which the Republic of Indonesia holds a majority stake. PGN is primarily involved in the transmission and distribution of natural gas. The company's segments include Natural gas trading and transmission, Exploration and production of oil and gas, and Other operation.