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Nestle Malaysia Bhd (XKLS:4707) Cyclically Adjusted FCF per Share : RM3.20 (As of Mar. 2024)


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What is Nestle Malaysia 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.

Nestle Malaysia Bhd's adjusted free cash flow per share for the three months ended in Mar. 2024 was RM0.416. 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 RM3.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Nestle Malaysia Bhd's average Cyclically Adjusted FCF Growth Rate was 7.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.60% 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 Nestle Malaysia Bhd was 3.60% per year. The lowest was 3.60% per year. And the median was 3.60% per year.

As of today (2024-06-04), Nestle Malaysia Bhd's current stock price is RM127.70. Nestle Malaysia Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was RM3.20. Nestle Malaysia Bhd's Cyclically Adjusted Price-to-FCF of today is 39.91.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Nestle Malaysia Bhd was 50.18. The lowest was 37.28. And the median was 44.82.


Nestle Malaysia Bhd Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Nestle Malaysia 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.

Nestle Malaysia Bhd Cyclically Adjusted FCF per Share Chart

Nestle Malaysia 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 - 2.84 3.00 2.91 3.16

Nestle Malaysia 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 2.98 3.02 3.07 3.16 3.20

Competitive Comparison of Nestle Malaysia Bhd's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Nestle Malaysia 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.


Nestle Malaysia Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

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



Nestle Malaysia 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, Nestle Malaysia 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)
=0.416/131.7762*131.7762
=0.416

Current CPI (Mar. 2024) = 131.7762.

Nestle Malaysia Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.564 100.560 0.739
201409 0.406 100.428 0.533
201412 0.706 99.070 0.939
201503 0.495 99.621 0.655
201506 -0.004 100.684 -0.005
201509 0.765 100.392 1.004
201512 1.122 99.792 1.482
201603 0.948 100.470 1.243
201606 0.726 101.688 0.941
201609 0.657 101.861 0.850
201612 1.079 101.863 1.396
201703 0.382 102.862 0.489
201706 0.929 103.349 1.185
201709 0.667 104.136 0.844
201712 0.457 104.011 0.579
201803 0.509 105.290 0.637
201806 0.948 106.317 1.175
201809 1.565 106.507 1.936
201812 0.796 105.998 0.990
201903 0.692 107.251 0.850
201906 0.377 108.070 0.460
201909 0.439 108.329 0.534
201912 0.807 108.420 0.981
202003 0.974 108.902 1.179
202006 0.402 108.767 0.487
202009 0.798 109.815 0.958
202012 0.447 109.897 0.536
202103 1.001 111.754 1.180
202106 0.536 114.631 0.616
202109 0.753 115.734 0.857
202112 0.323 117.630 0.362
202203 0.491 121.301 0.533
202206 0.342 125.017 0.360
202209 0.084 125.227 0.088
202212 -0.068 125.222 -0.072
202303 0.967 127.348 1.001
202306 1.303 128.729 1.334
202309 0.799 129.860 0.811
202312 0.870 129.419 0.886
202403 0.416 131.776 0.416

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


Nestle Malaysia Bhd  (XKLS:4707) 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.

Nestle Malaysia Bhd's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=127.70/3.2
=39.91

* 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 Nestle Malaysia Bhd was 50.18. The lowest was 37.28. And the median was 44.82.


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.


Nestle Malaysia Bhd Cyclically Adjusted FCF per Share Related Terms

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


Nestle Malaysia Bhd (XKLS:4707) Business Description

Traded in Other Exchanges
Address
No. 1, Persiaran Bandar Utama, Level 22, 1 Powerhouse, Bandar Utama, Petaling Jaya, SGR, MYS, 47800
Nestle Malaysia Bhd is a Malaysian investment holding company owned by Nestle. The business activities of the group are functioned through Food and beverages and Others segments. The products offered by the group are related to dairy, beverages, food, Nestle Professional, Nestle Ice Cream, confectionery, chilled dairy, infant nutrition, and health science. The main geography is the domestic market, representing approximately 80% of total sales. The most well-known brands are Nescafe, Maggi, Nespray, Kit Kat, and Milo.

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