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ARB Bhd (XKLS:7181) Cyclically Adjusted FCF per Share : RM-0.01 (As of Mar. 2024)


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What is ARB 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.

ARB Bhd's adjusted free cash flow per share for the three months ended in Mar. 2024 was RM0.006. 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-0.01 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ARB Bhd's average Cyclically Adjusted FCF Growth Rate was -150.00% 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 (2024-06-10), ARB Bhd's current stock price is RM0.05. ARB Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was RM-0.01. ARB Bhd's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ARB Bhd was 9.60. The lowest was 3.07. And the median was 5.40.


ARB Bhd Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ARB 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.

ARB Bhd Cyclically Adjusted FCF per Share Chart

ARB Bhd Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted FCF per Share
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ARB Bhd Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Mar22 Sep22 Dec22 Mar23 Sep23 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 0.02 - 0.01 - -0.01

Competitive Comparison of ARB Bhd's Cyclically Adjusted FCF per Share

For the Conglomerates subindustry, ARB 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.


ARB Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

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

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



ARB 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, ARB 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)
=0.006/131.7762*131.7762
=0.006

Current CPI (Mar. 2024) = 131.7762.

ARB Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201306 0.035 98.518 0.047
201309 0.024 98.790 0.032
201312 0.035 98.326 0.047
201403 0.024 99.695 0.032
201406 0.002 100.560 0.003
201409 0.010 100.428 0.013
201412 -0.026 99.070 -0.035
201503 0.004 99.621 0.005
201506 0.000 100.684 0.000
201509 0.011 100.392 0.014
201512 -0.017 99.792 -0.022
201603 -0.032 100.470 -0.042
201606 0.054 101.688 0.070
201609 0.000 101.861 0.000
201612 0.008 101.863 0.010
201703 -0.018 102.862 -0.023
201706 0.013 103.349 0.017
201709 0.007 104.136 0.009
201712 0.002 104.011 0.003
201803 -0.009 105.290 -0.011
201806 0.032 106.317 0.040
201809 -0.024 106.507 -0.030
201812 0.013 105.998 0.016
201903 -0.073 107.251 -0.090
201906 0.017 108.070 0.021
201909 -0.068 108.329 -0.083
201912 -0.010 108.420 -0.012
202003 0.029 108.902 0.035
202006 0.000 108.767 0.000
202009 -0.040 109.815 -0.048
202012 -0.031 109.897 -0.037
202103 0.005 111.754 0.006
202106 0.005 114.631 0.006
202109 -0.023 115.734 -0.026
202203 0.000 121.301 0.000
202209 -0.029 125.227 -0.031
202212 0.000 125.222 0.000
202303 -0.006 127.348 -0.006
202309 0.000 129.860 0.000
202403 0.006 131.776 0.006

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


ARB Bhd  (XKLS:7181) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ARB Bhd was 9.60. The lowest was 3.07. And the median was 5.40.


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.


ARB Bhd Cyclically Adjusted FCF per Share Related Terms

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


ARB Bhd (XKLS:7181) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » ARB Bhd (XKLS:7181) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
No. 17-03, Q Sentral, 2A, Jalan Stesen Sentral 2, Kuala Lumpur Sentral, Kuala Lumpur, MYS, 50470
ARB Bhd is engaged in manufacturing wood products in Malaysia. Besides, it is also involved in the provision of management services and investment holding. The company operates three business segments defined as Investment holdings and other segments, Enterprise Resource Planning ("ERP") system segment and the Internet of Things ("IoT") segment. It operates predominantly in Malaysia.

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