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Koc Holding AS (IST:KCHOL) Cyclically Adjusted Price-to-FCF : 13.73 (As of May. 26, 2024)


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What is Koc Holding AS Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Koc Holding AS's current share price is ₺248.20. Koc Holding AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₺18.08. Koc Holding AS's Cyclically Adjusted Price-to-FCF for today is 13.73.

The historical rank and industry rank for Koc Holding AS's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

IST:KCHOL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.09   Med: 17.2   Max: 131.08
Current: 13.73

During the past years, Koc Holding AS's highest Cyclically Adjusted Price-to-FCF was 131.08. The lowest was 6.09. And the median was 17.20.

IST:KCHOL's Cyclically Adjusted Price-to-FCF is ranked better than
63.94% of 208 companies
in the Conglomerates industry
Industry Median: 19.625 vs IST:KCHOL: 13.73

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.

Koc Holding AS's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ₺2.793. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ₺18.08 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Koc Holding AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Koc Holding AS's Cyclically Adjusted Price-to-FCF 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.

Koc Holding AS Cyclically Adjusted Price-to-FCF Chart

Koc Holding AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.04 18.90 8.32 10.91 7.84

Koc Holding AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF 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 10.91 7.65 8.50 8.01 7.84

Competitive Comparison of Koc Holding AS's Cyclically Adjusted Price-to-FCF

For the Conglomerates subindustry, Koc Holding AS'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.


Koc Holding AS's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

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

* The bar in red indicates where Koc Holding AS's Cyclically Adjusted Price-to-FCF falls into.



Koc Holding AS Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Koc Holding AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=248.20/18.08
=13.73

* 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.

Koc Holding AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Koc Holding AS's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.793/129.4194*129.4194
=2.793

Current CPI (Dec. 2023) = 129.4194.

Koc Holding AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.502 99.695 -0.652
201406 0.267 100.560 0.344
201409 0.192 100.428 0.247
201412 0.063 99.070 0.082
201503 -0.860 99.621 -1.117
201506 -0.039 100.684 -0.050
201509 -0.237 100.392 -0.306
201512 0.659 99.792 0.855
201603 0.247 100.470 0.318
201606 0.425 101.688 0.541
201609 0.819 101.861 1.041
201612 0.470 101.863 0.597
201703 -0.029 102.862 -0.036
201706 0.216 103.349 0.270
201709 0.444 104.136 0.552
201712 -0.423 104.011 -0.526
201803 -0.603 105.290 -0.741
201806 0.666 106.317 0.811
201809 0.238 106.507 0.289
201812 0.077 105.998 0.094
201903 1.914 107.251 2.310
201906 1.334 108.070 1.598
201909 0.963 108.329 1.150
201912 1.015 108.420 1.212
202003 1.726 108.902 2.051
202006 1.492 108.767 1.775
202009 -2.840 109.815 -3.347
202012 4.425 109.897 5.211
202103 2.777 111.754 3.216
202106 2.084 114.631 2.353
202109 4.571 115.734 5.112
202112 5.609 117.630 6.171
202203 7.675 121.301 8.189
202206 10.864 125.017 11.247
202209 2.822 125.227 2.916
202212 19.374 125.222 20.023
202303 19.887 127.348 20.211
202306 22.439 128.729 22.559
202309 61.683 129.860 61.474
202312 2.793 129.419 2.793

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


Koc Holding AS  (IST:KCHOL) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Koc Holding AS Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Koc Holding AS's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Koc Holding AS (IST:KCHOL) Business Description

Industry
Traded in Other Exchanges
Address
Nakkastepe Azizbey Sokak No.1, Kuzguncuk-Uskuda, Uskudar, Istanbul, TUR, 34674
Koc Holding is a Turkish conglomerate. The group's businesses operate in the energy refining, fuel distribution, liquefied petroleum gas distribution, power generation, natural gas, automotive, automotive retailing, farm tractors, defense, white goods, consumer electronics, air conditioning, banking, leasing, REIT, factoring, brokerage, asset-management, consumer finance, food production, food production distribution, do-it-yourself retailing, tourism, marina operations, information technology, and ship and yacht construction industries. The largest segment by sales is energy, containing the fuel distribution, refining, and power generation businesses.

Koc Holding AS (IST:KCHOL) Headlines

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