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Parkson Holdings Bhd (XKLS:5657) Cyclically Adjusted FCF per Share : RM0.01 (As of Mar. 2024)


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What is Parkson Holdings 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.

Parkson Holdings Bhd's adjusted free cash flow per share for the three months ended in Mar. 2024 was RM0.193. 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 RM0.01 for the trailing ten years ended in Mar. 2024.

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 (2024-06-10), Parkson Holdings Bhd's current stock price is RM0.30. Parkson Holdings Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was RM0.01. Parkson Holdings Bhd's Cyclically Adjusted Price-to-FCF of today is 30.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Parkson Holdings Bhd was 29.49. The lowest was 12.00. And the median was 14.50.


Parkson Holdings Bhd Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Parkson Holdings 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.

Parkson Holdings Bhd Cyclically Adjusted FCF per Share Chart

Parkson Holdings Bhd Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.19 -0.16 -0.04 0.02

Parkson Holdings Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 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 -0.05 -0.01 - 0.02 0.01

Competitive Comparison of Parkson Holdings Bhd's Cyclically Adjusted FCF per Share

For the Department Stores subindustry, Parkson Holdings 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.


Parkson Holdings Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Parkson Holdings Bhd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Parkson Holdings 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, Parkson Holdings 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)
=0.193/131.7762*131.7762
=0.193

Current CPI (Mar. 2024) = 131.7762.

Parkson Holdings Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.249 99.695 -0.329
201406 -0.076 100.560 -0.100
201409 0.031 100.428 0.041
201412 0.246 99.070 0.327
201503 -0.339 99.621 -0.448
201506 -0.392 100.684 -0.513
201509 -0.132 100.392 -0.173
201512 -0.103 99.792 -0.136
201603 -0.250 100.470 -0.328
201606 -0.267 101.688 -0.346
201609 0.135 101.861 0.175
201612 0.219 101.863 0.283
201703 -0.266 102.862 -0.341
201706 0.213 103.349 0.272
201709 -0.170 104.136 -0.215
201712 0.323 104.011 0.409
201803 -0.085 105.290 -0.106
201806 -0.303 106.317 -0.376
201809 -0.054 106.507 -0.067
201812 0.297 105.998 0.369
201903 -0.236 107.251 -0.290
201906 -0.040 108.070 -0.049
201909 0.007 108.329 0.009
201912 0.300 108.420 0.365
202003 -0.332 108.902 -0.402
202006 0.146 108.767 0.177
202009 0.000 109.815 0.000
202012 0.128 109.897 0.153
202103 0.140 111.754 0.165
202106 -0.139 114.631 -0.160
202109 0.600 115.734 0.683
202203 -0.037 121.301 -0.040
202206 0.283 125.017 0.298
202209 0.031 125.227 0.033
202212 -0.048 125.222 -0.051
202303 0.229 127.348 0.237
202306 0.137 128.729 0.140
202309 0.041 129.860 0.042
202312 0.191 129.419 0.194
202403 0.193 131.776 0.193

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


Parkson Holdings Bhd  (XKLS:5657) 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.

Parkson Holdings Bhd's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.30/0.01
=30.00

* 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 Parkson Holdings Bhd was 29.49. The lowest was 12.00. And the median was 14.50.


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.


Parkson Holdings Bhd Cyclically Adjusted FCF per Share Related Terms

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


Parkson Holdings Bhd (XKLS:5657) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Jalan Nagasari, Level 14, Lion Office Tower, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50200
Parkson Holdings Bhd is a Malaysian based company which is engaged in operating and managing departmental stores. Its brands include "Parkson" and "Centro". The stores offer well known international brands of fashion and lifestyle-related merchandise. Parkson operates its business in segments namely Retailing and Others. A major part of its revenue is from the Retailing segment. It carries its retailing business in four geographical areas including Malaysia, China, Myanmar, and Indonesia; Others segments include of businesses, credit services, and investment holding. The company generates its revenue from the operation of stores, which comes from China.

Parkson Holdings Bhd (XKLS:5657) Headlines

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