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Ahmad Zaki Resources Bhd (XKLS:7078) Cyclically Adjusted FCF per Share : RM-0.43 (As of Mar. 2024)


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What is Ahmad Zaki Resources 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.

Ahmad Zaki Resources Bhd's adjusted free cash flow per share for the three months ended in Mar. 2024 was RM0.037. 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 RM-0.43 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 (2024-06-06), Ahmad Zaki Resources Bhd's current stock price is RM0.25. Ahmad Zaki Resources Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was RM-0.43. Ahmad Zaki Resources Bhd's Cyclically Adjusted Price-to-FCF of today is .


Ahmad Zaki Resources Bhd Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ahmad Zaki Resources 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.

Ahmad Zaki Resources Bhd Cyclically Adjusted FCF per Share Chart

Ahmad Zaki Resources Bhd Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - -0.48 -0.46

Ahmad Zaki Resources Bhd Quarterly Data
Dec18 Mar19 Jun19 Sep19 Mar20 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 -0.46 -0.46 -0.44 -0.43 -0.43

Competitive Comparison of Ahmad Zaki Resources Bhd's Cyclically Adjusted FCF per Share

For the Engineering & Construction subindustry, Ahmad Zaki Resources 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.


Ahmad Zaki Resources Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ahmad Zaki Resources Bhd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ahmad Zaki Resources Bhd's Cyclically Adjusted Price-to-FCF falls into.



Ahmad Zaki Resources 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, Ahmad Zaki Resources 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)
=0.037/131.7762*131.7762
=0.037

Current CPI (Mar. 2024) = 131.7762.

Ahmad Zaki Resources Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.047 98.326 -0.063
201403 -0.171 99.695 -0.226
201406 -0.131 100.560 -0.172
201409 -0.160 100.428 -0.210
201412 -0.158 99.070 -0.210
201503 -0.151 99.621 -0.200
201506 -0.124 100.684 -0.162
201509 -0.192 100.392 -0.252
201512 -0.122 99.792 -0.161
201603 -0.409 100.470 -0.536
201606 0.015 101.688 0.019
201609 -0.279 101.861 -0.361
201612 -0.273 101.863 -0.353
201703 -0.215 102.862 -0.275
201706 -0.218 103.349 -0.278
201709 -0.033 104.136 -0.042
201712 -0.038 104.011 -0.048
201803 -0.130 105.290 -0.163
201806 0.001 106.317 0.001
201809 -0.039 106.507 -0.048
201812 -0.157 105.998 -0.195
201903 -0.122 107.251 -0.150
201906 0.021 108.070 0.026
201909 -0.158 108.329 -0.192
202003 0.000 108.902 0.000
202009 -0.107 109.815 -0.128
202012 -0.068 109.897 -0.082
202103 -0.207 111.754 -0.244
202106 0.137 114.631 0.157
202109 -0.058 115.734 -0.066
202112 0.055 117.630 0.062
202203 -0.016 121.301 -0.017
202206 0.018 125.017 0.019
202209 0.092 125.227 0.097
202212 -0.080 125.222 -0.084
202303 0.235 127.348 0.243
202306 0.008 128.729 0.008
202309 0.092 129.860 0.093
202312 -0.011 129.419 -0.011
202403 0.037 131.776 0.037

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


Ahmad Zaki Resources Bhd  (XKLS:7078) 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.


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.


Ahmad Zaki Resources Bhd Cyclically Adjusted FCF per Share Related Terms

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


Ahmad Zaki Resources Bhd (XKLS:7078) Business Description

Traded in Other Exchanges
N/A
Address
No. 71, Persiaran Gurney, Menara AZRB, Kuala Lumpur, SGR, MYS, 54000
Ahmad Zaki Resources Bhd is an investment holding company. The company's operating segment includes Engineering and Construction; Concession; Oil and Gas; Plantation; Property and Others. It generates maximum revenue from the Engineering and Construction segment. The Engineering and Construction segment includes civil and structural works. Geographically, it derives a majority of its revenue from Malaysia. Malaysia region includes civil and structural works, concession assets management, dealing in marine fuels, lubricants, petroleum-based products, logistic management, vessel-related services, property development, investment holding, and provision of management services.

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