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Emperador (PHS:EMI) Cyclically Adjusted FCF per Share : ₱0.20 (As of Mar. 2024)


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What is Emperador 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.

Emperador's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱0.101. 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 ₱0.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Emperador's average Cyclically Adjusted FCF Growth Rate was -92.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -75.10% 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 Emperador was -75.10% per year. The lowest was -75.10% per year. And the median was -75.10% per year.

As of today (2024-06-08), Emperador's current stock price is ₱18.86. Emperador's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱0.20. Emperador's Cyclically Adjusted Price-to-FCF of today is 94.30.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Emperador was 110.26. The lowest was 0.63. And the median was 2.20.


Emperador Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Emperador'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.

Emperador Cyclically Adjusted FCF per Share Chart

Emperador 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 - 12.27 8.65 2.76 0.19

Emperador 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 2.82 0.20 0.20 0.19 0.20

Competitive Comparison of Emperador's Cyclically Adjusted FCF per Share

For the Beverages - Wineries & Distilleries subindustry, Emperador'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.


Emperador's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Emperador's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Emperador 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, Emperador'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)
=0.101/131.7762*131.7762
=0.101

Current CPI (Mar. 2024) = 131.7762.

Emperador Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.088 100.560 -0.115
201409 -0.063 100.428 -0.083
201412 0.461 99.070 0.613
201503 -0.288 99.621 -0.381
201506 -0.015 100.684 -0.020
201509 0.132 100.392 0.173
201512 0.119 99.792 0.157
201603 0.195 100.470 0.256
201606 0.063 101.688 0.082
201609 -0.346 101.861 -0.448
201612 -0.078 101.863 -0.101
201703 0.053 102.862 0.068
201706 -0.106 103.349 -0.135
201709 -0.064 104.136 -0.081
201712 -0.322 104.011 -0.408
201803 0.108 105.290 0.135
201806 -0.095 106.317 -0.118
201809 -0.083 106.507 -0.103
201812 0.024 105.998 0.030
201903 0.147 107.251 0.181
201906 -0.073 108.070 -0.089
201909 0.037 108.329 0.045
201912 0.223 108.420 0.271
202003 0.122 108.902 0.148
202006 -0.002 108.767 -0.002
202009 0.215 109.815 0.258
202012 0.076 109.897 0.091
202103 0.312 111.754 0.368
202106 0.077 114.631 0.089
202109 0.222 115.734 0.253
202112 0.276 117.630 0.309
202203 0.194 121.301 0.211
202206 0.045 125.017 0.047
202209 0.058 125.227 0.061
202212 -0.029 125.222 -0.031
202303 0.051 127.348 0.053
202306 0.042 128.729 0.043
202309 -0.062 129.860 -0.063
202312 0.099 129.419 0.101
202403 0.101 131.776 0.101

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


Emperador  (PHS:EMI) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=18.86/0.2
=94.30

* 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 Emperador was 110.26. The lowest was 0.63. And the median was 2.20.


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.


Emperador Cyclically Adjusted FCF per Share Related Terms

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


Emperador (PHS:EMI) Business Description

Traded in Other Exchanges
Address
1880 Eastwood Avenue, Eastwood City CyberPark, 7th Floor, 188 East Rodriguez, Junior Avenue, Bagumbayan, Quezon, PHL, 1110
Emperador Inc manufactures, sells, and distributes spirits and other alcoholic beverages through two main business segments: brandy and Scotch whiskey. The brandy segment, which accounts for more than half of the company's total revenue focuses on sales in the Philippines and Spain. This segment also has a distribution network for its operations, which includes sales offices and distribution outlets throughout the Philippines. The Scotch whiskey business sells in the United Kingdom. Brands that Emperador owns or licenses include The Dalmore, Fundador, Jura, Emperador, Andy Player, Whyte and Mackay, Smirnoff, and BaR. The company produces in the Philippines and Europe.

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