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Filinvest Development (PHS:FDC) Cyclically Adjusted FCF per Share : ₱1.67 (As of Mar. 2024)


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What is Filinvest Development 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.

Filinvest Development's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱-1.389. 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 ₱1.67 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Filinvest Development's average Cyclically Adjusted FCF Growth Rate was 7.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 55.60% 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 Filinvest Development was 87.00% per year. The lowest was 20.00% per year. And the median was 75.00% per year.

As of today (2024-06-09), Filinvest Development's current stock price is ₱5.42. Filinvest Development's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱1.67. Filinvest Development's Cyclically Adjusted Price-to-FCF of today is 3.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Filinvest Development was 153.60. The lowest was 2.84. And the median was 7.15.


Filinvest Development Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Filinvest Development'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.

Filinvest Development Cyclically Adjusted FCF per Share Chart

Filinvest Development 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 0.28 1.03 1.57 1.50 1.78

Filinvest Development 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 1.55 1.56 1.76 1.78 1.67

Competitive Comparison of Filinvest Development's Cyclically Adjusted FCF per Share

For the Conglomerates subindustry, Filinvest Development'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.


Filinvest Development's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Filinvest Development's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Filinvest Development 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, Filinvest Development'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)
=-1.389/131.7762*131.7762
=-1.389

Current CPI (Mar. 2024) = 131.7762.

Filinvest Development Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.055 100.560 -0.072
201409 0.246 100.428 0.323
201412 -0.909 99.070 -1.209
201503 -0.594 99.621 -0.786
201506 0.066 100.684 0.086
201509 -0.952 100.392 -1.250
201512 0.674 99.792 0.890
201603 -0.115 100.470 -0.151
201606 0.525 101.688 0.680
201609 -0.209 101.861 -0.270
201612 0.929 101.863 1.202
201703 -1.184 102.862 -1.517
201706 1.832 103.349 2.336
201709 -0.302 104.136 -0.382
201712 0.191 104.011 0.242
201803 0.585 105.290 0.732
201806 0.150 106.317 0.186
201809 0.057 106.507 0.071
201812 1.391 105.998 1.729
201903 1.411 107.251 1.734
201906 -1.949 108.070 -2.377
201909 -1.058 108.329 -1.287
201912 3.296 108.420 4.006
202003 1.416 108.902 1.713
202006 0.736 108.767 0.892
202009 3.791 109.815 4.549
202012 1.698 109.897 2.036
202103 -0.173 111.754 -0.204
202106 2.640 114.631 3.035
202109 0.650 115.734 0.740
202112 2.052 117.630 2.299
202203 -0.866 121.301 -0.941
202206 0.515 125.017 0.543
202209 -2.049 125.227 -2.156
202212 -0.359 125.222 -0.378
202303 -0.479 127.348 -0.496
202306 -0.354 128.729 -0.362
202309 0.381 129.860 0.387
202312 1.514 129.419 1.542
202403 -1.389 131.776 -1.389

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


Filinvest Development  (PHS:FDC) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5.42/1.67
=3.25

* 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 Filinvest Development was 153.60. The lowest was 2.84. And the median was 7.15.


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.


Filinvest Development Cyclically Adjusted FCF per Share Related Terms

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


Filinvest Development (PHS:FDC) Business Description

Traded in Other Exchanges
N/A
Address
5th Avenue corner 23rd Street, 6th Floor, The Beaufort, Bonifacio Global City, Metro Manila, Taguig City, PHL, 1634
Filinvest Development Corp is a Philippines-based company which focuses on diverse business such as real estate development and leasing, hospitality operations, banking and financial services, power and utility operations, sugar cane farming, milling and sugar trading. Majority of its revenue generating operating segments are Real estate and hospitality which is involved in acquisition of land, planning and development of large-scale fully integrated residential and commercial communities; development and sale of residential and commercial lots; Sugar Operations which involves purchase of raw sugar, refined sugar and molasses from Davao Sugar Central Company, Inc. and Cotabato Sugar Central Company, Inc., subsidiaries of PSHC, and sale to third parties.

Filinvest Development (PHS:FDC) Headlines

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