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Dutch Lady Milk Industries Bhd (XKLS:3026) Cyclically Adjusted FCF per Share : RM1.39 (As of Mar. 2024)


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What is Dutch Lady Milk Industries Bhd 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.

Dutch Lady Milk Industries Bhd's adjusted free cash flow per share for the three months ended in Mar. 2024 was RM-0.232. 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 RM1.39 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Dutch Lady Milk Industries Bhd's average Cyclically Adjusted FCF Growth Rate was -15.20% 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.

As of today (2024-06-04), Dutch Lady Milk Industries Bhd's current stock price is RM36.00. Dutch Lady Milk Industries Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was RM1.39. Dutch Lady Milk Industries Bhd's Cyclically Adjusted Price-to-FCF of today is 25.90.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Dutch Lady Milk Industries Bhd was 25.90. The lowest was 14.25. And the median was 17.97.


Dutch Lady Milk Industries Bhd Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Dutch Lady Milk Industries Bhd'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.

Dutch Lady Milk Industries Bhd Cyclically Adjusted FCF per Share Chart

Dutch Lady Milk Industries Bhd 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 - - 1.75 1.55 1.31

Dutch Lady Milk Industries Bhd 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 1.64 1.44 1.48 1.31 1.39

Competitive Comparison of Dutch Lady Milk Industries Bhd's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Dutch Lady Milk Industries Bhd'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.


Dutch Lady Milk Industries Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dutch Lady Milk Industries Bhd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Dutch Lady Milk Industries Bhd's Cyclically Adjusted Price-to-FCF falls into.



Dutch Lady Milk Industries Bhd 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, Dutch Lady Milk Industries Bhd'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)
=-0.232/131.7762*131.7762
=-0.232

Current CPI (Mar. 2024) = 131.7762.

Dutch Lady Milk Industries Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.663 100.560 0.869
201409 0.128 100.428 0.168
201412 1.062 99.070 1.413
201503 -0.008 99.621 -0.011
201506 1.024 100.684 1.340
201509 0.540 100.392 0.709
201512 1.194 99.792 1.577
201603 0.136 100.470 0.178
201606 0.500 101.688 0.648
201609 1.241 101.861 1.605
201612 1.134 101.863 1.467
201703 -0.413 102.862 -0.529
201706 0.541 103.349 0.690
201709 -0.115 104.136 -0.146
201712 0.406 104.011 0.514
201803 0.294 105.290 0.368
201806 -0.037 106.317 -0.046
201809 0.314 106.507 0.388
201812 0.775 105.998 0.963
201903 -0.424 107.251 -0.521
201906 0.944 108.070 1.151
201909 0.291 108.329 0.354
201912 0.716 108.420 0.870
202003 -0.186 108.902 -0.225
202006 0.474 108.767 0.574
202009 0.057 109.815 0.068
202012 0.453 109.897 0.543
202103 -0.076 111.754 -0.090
202106 1.175 114.631 1.351
202109 0.177 115.734 0.202
202112 -2.473 117.630 -2.770
202203 -1.196 121.301 -1.299
202206 0.878 125.017 0.925
202209 1.309 125.227 1.377
202212 -0.538 125.222 -0.566
202303 0.337 127.348 0.349
202306 -0.688 128.729 -0.704
202309 0.940 129.860 0.954
202312 -0.520 129.419 -0.529
202403 -0.232 131.776 -0.232

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


Dutch Lady Milk Industries Bhd  (XKLS:3026) 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.

Dutch Lady Milk Industries Bhd's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=36.00/1.39
=25.90

* 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 Dutch Lady Milk Industries Bhd was 25.90. The lowest was 14.25. And the median was 17.97.


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.


Dutch Lady Milk Industries Bhd Cyclically Adjusted FCF per Share Related Terms

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


Dutch Lady Milk Industries Bhd (XKLS:3026) Business Description

Traded in Other Exchanges
N/A
Address
112, Jalan Prof. Khoo Kay Kim, Level 5, Quill 9, Petaling Jaya, SGR, MYS, 46300
Dutch Lady Milk Industries Bhd is a Malaysia-based company that manufactures and distributes a wide range of dairy products, such as specialized powders for infant and growing up children, liquid milk in different packaging formats and yoghurts. The Company markets these products under various brand names such as Dutch Lady, Dutch Baby, Frisolac, Friso Gold and Dutch Lady PureFarm.

Dutch Lady Milk Industries Bhd (XKLS:3026) Headlines

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