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Aboitiz Equity Ventures (PHS:AEV) Cyclically Adjusted FCF per Share : ₱4.06 (As of Mar. 2024)


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What is Aboitiz Equity Ventures 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.

Aboitiz Equity Ventures's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱2.842. 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 ₱4.06 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Aboitiz Equity Ventures'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 9.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.90% 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 Aboitiz Equity Ventures was 33.10% per year. The lowest was 4.60% per year. And the median was 16.20% per year.

As of today (2024-06-10), Aboitiz Equity Ventures's current stock price is ₱38.50. Aboitiz Equity Ventures's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱4.06. Aboitiz Equity Ventures's Cyclically Adjusted Price-to-FCF of today is 9.48.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Aboitiz Equity Ventures was 62.23. The lowest was 8.63. And the median was 17.94.


Aboitiz Equity Ventures Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Aboitiz Equity Ventures'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.

Aboitiz Equity Ventures Cyclically Adjusted FCF per Share Chart

Aboitiz Equity Ventures 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 2.85 2.90 3.17 3.26 3.78

Aboitiz Equity Ventures 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 3.50 3.42 3.52 3.78 4.06

Competitive Comparison of Aboitiz Equity Ventures's Cyclically Adjusted FCF per Share

For the Utilities - Regulated Electric subindustry, Aboitiz Equity Ventures'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.


Aboitiz Equity Ventures's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Aboitiz Equity Ventures's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Aboitiz Equity Ventures 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, Aboitiz Equity Ventures'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)
=2.842/131.7762*131.7762
=2.842

Current CPI (Mar. 2024) = 131.7762.

Aboitiz Equity Ventures Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.434 100.560 0.569
201409 0.718 100.428 0.942
201412 0.186 99.070 0.247
201503 1.298 99.621 1.717
201506 -0.100 100.684 -0.131
201509 -0.009 100.392 -0.012
201512 0.020 99.792 0.026
201603 0.445 100.470 0.584
201606 -0.231 101.688 -0.299
201609 -0.220 101.861 -0.285
201612 0.099 101.863 0.128
201703 0.414 102.862 0.530
201706 0.951 103.349 1.213
201709 1.792 104.136 2.268
201712 0.242 104.011 0.307
201803 0.487 105.290 0.610
201806 0.857 106.317 1.062
201809 1.221 106.507 1.511
201812 2.220 105.998 2.760
201903 0.912 107.251 1.121
201906 1.606 108.070 1.958
201909 1.563 108.329 1.901
201912 0.755 108.420 0.918
202003 1.727 108.902 2.090
202006 0.757 108.767 0.917
202009 1.082 109.815 1.298
202012 1.124 109.897 1.348
202103 1.412 111.754 1.665
202106 0.578 114.631 0.664
202109 1.333 115.734 1.518
202112 0.502 117.630 0.562
202203 0.910 121.301 0.989
202206 -0.760 125.017 -0.801
202209 0.173 125.227 0.182
202212 1.708 125.222 1.797
202303 2.587 127.348 2.677
202306 -0.132 128.729 -0.135
202309 1.923 129.860 1.951
202312 1.383 129.419 1.408
202403 2.842 131.776 2.842

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


Aboitiz Equity Ventures  (PHS:AEV) 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.

Aboitiz Equity Ventures's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=38.50/4.06
=9.48

* 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 Aboitiz Equity Ventures was 62.23. The lowest was 8.63. And the median was 17.94.


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.


Aboitiz Equity Ventures Cyclically Adjusted FCF per Share Related Terms

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


Aboitiz Equity Ventures (PHS:AEV) Business Description

Traded in Other Exchanges
Address
32nd Street, NAC Tower, Bonifacio Global City, Metro Manila, Taguig, PHL, 1634
Aboitiz Equity Ventures Inc is a Philippines holding company with reportable segments of power distribution and generation, financial services, food manufacturing, real estate, and infrastructure. The power segment is engaged in power generation and the sale of electricity. The food manufacturing segment is engaged in the production of flour and feeds and swine breeding. Aboitiz Equity Ventures generates maximum revenue from the power segment. Geographically, it operates solely in the Philippines.

Aboitiz Equity Ventures (PHS:AEV) Headlines