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PLDT (PHI) Cyclically Adjusted FCF per Share : $0.58 (As of Mar. 2024)


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What is PLDT 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.

PLDT's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.398. 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 $0.58 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PLDT's average Cyclically Adjusted FCF Growth Rate was -43.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -31.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -26.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -16.70% 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 PLDT was 29.80% per year. The lowest was -31.30% per year. And the median was -1.30% per year.

As of today (2024-05-21), PLDT's current stock price is $24.39. PLDT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.58. PLDT's Cyclically Adjusted Price-to-FCF of today is 42.05.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PLDT was 45.20. The lowest was 5.70. And the median was 10.47.


PLDT Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PLDT'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.

PLDT Cyclically Adjusted FCF per Share Chart

PLDT 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 2.94 2.49 1.79 1.05 0.71

PLDT 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 1.02 0.71 0.70 0.71 0.58

Competitive Comparison of PLDT's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, PLDT'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.


PLDT's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PLDT's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PLDT 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, PLDT'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)
=0.398/131.7762*131.7762
=0.398

Current CPI (Mar. 2024) = 131.7762.

PLDT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.668 100.560 0.875
201409 0.558 100.428 0.732
201412 0.059 99.070 0.078
201503 1.044 99.621 1.381
201506 0.314 100.684 0.411
201509 0.586 100.392 0.769
201512 0.172 99.792 0.227
201603 0.263 100.470 0.345
201606 0.151 101.688 0.196
201609 0.164 101.861 0.212
201612 -0.058 101.863 -0.075
201703 1.077 102.862 1.380
201706 0.049 103.349 0.062
201709 0.213 104.136 0.270
201712 0.201 104.011 0.255
201803 0.293 105.290 0.367
201806 0.473 106.317 0.586
201809 -0.485 106.507 -0.600
201812 0.822 105.998 1.022
201903 -0.167 107.251 -0.205
201906 -0.180 108.070 -0.219
201909 0.163 108.329 0.198
201912 -1.328 108.420 -1.614
202003 0.019 108.902 0.023
202006 -0.522 108.767 -0.632
202009 0.790 109.815 0.948
202012 0.268 109.897 0.321
202103 -0.199 111.754 -0.235
202106 -0.676 114.631 -0.777
202109 -0.284 115.734 -0.323
202112 0.205 117.630 0.230
202203 -0.322 121.301 -0.350
202206 -0.577 125.017 -0.608
202209 -1.160 125.227 -1.221
202212 0.521 125.222 0.548
202303 0.409 127.348 0.423
202306 -1.493 128.729 -1.528
202309 1.005 129.860 1.020
202312 0.662 129.419 0.674
202403 0.398 131.776 0.398

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


PLDT  (NYSE:PHI) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=24.39/0.58
=42.05

* 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 PLDT was 45.20. The lowest was 5.70. And the median was 10.47.


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.


PLDT Cyclically Adjusted FCF per Share Related Terms

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


PLDT (PHI) Business Description

Traded in Other Exchanges
Address
Makati Avenue, Ramon Cojuangco Building, Metro Manila, Corner Ayala Avenue, Legaspi Village, Makati City, PHL, 1200
PLDT Inc is the telecommunications carrier in the Philippines. The company operates the nation's extensive fixed-line network and holds more than half of the market share in the domestic wireless space. First Pacific, a Hong Kong-based investment and management company specializing in consumer and telecommunication businesses, owns about 26% of PLDT, while two subsidiaries of Nippon Telegraph and Telephone jointly own about 21%.

PLDT (PHI) Headlines

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