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PLDT (PHI) Cyclically Adjusted Price-to-FCF : 42.05 (As of May. 22, 2024)


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What is PLDT Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), PLDT's current share price is $24.39. PLDT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.58. PLDT's Cyclically Adjusted Price-to-FCF for today is 42.05.

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

PHI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.7   Med: 10.47   Max: 44.98
Current: 44.36

During the past years, PLDT's highest Cyclically Adjusted Price-to-FCF was 44.98. The lowest was 5.70. And the median was 10.47.

PHI's Cyclically Adjusted Price-to-FCF is ranked worse than
85.95% of 185 companies
in the Telecommunication Services industry
Industry Median: 12.96 vs PHI: 44.36

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.

PLDT's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.399. 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 $0.58 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PLDT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PLDT'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.

PLDT Cyclically Adjusted Price-to-FCF Chart

PLDT 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 6.79 11.22 20.00 21.72 33.09

PLDT Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 24.82 33.14 29.51 33.09 42.32

Competitive Comparison of PLDT's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, PLDT'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.


PLDT's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PLDT's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PLDT 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.

PLDT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=24.39/0.58
=42.05

* 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.

PLDT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PLDT'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)
=0.399/131.7762*131.7762
=0.399

Current CPI (Mar. 2024) = 131.7762.

PLDT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.669 100.560 0.877
201409 0.559 100.428 0.733
201412 0.059 99.070 0.078
201503 1.045 99.621 1.382
201506 0.315 100.684 0.412
201509 0.587 100.392 0.771
201512 0.172 99.792 0.227
201603 0.264 100.470 0.346
201606 0.151 101.688 0.196
201609 0.164 101.861 0.212
201612 -0.058 101.863 -0.075
201703 1.078 102.862 1.381
201706 0.049 103.349 0.062
201709 0.214 104.136 0.271
201712 0.201 104.011 0.255
201803 0.293 105.290 0.367
201806 0.474 106.317 0.588
201809 -0.485 106.507 -0.600
201812 0.823 105.998 1.023
201903 -0.168 107.251 -0.206
201906 -0.180 108.070 -0.219
201909 0.163 108.329 0.198
201912 -1.329 108.420 -1.615
202003 0.019 108.902 0.023
202006 -0.522 108.767 -0.632
202009 0.791 109.815 0.949
202012 0.268 109.897 0.321
202103 -0.199 111.754 -0.235
202106 -0.677 114.631 -0.778
202109 -0.284 115.734 -0.323
202112 0.206 117.630 0.231
202203 -0.322 121.301 -0.350
202206 -0.577 125.017 -0.608
202209 -1.161 125.227 -1.222
202212 0.522 125.222 0.549
202303 0.409 127.348 0.423
202306 -1.494 128.729 -1.529
202309 1.006 129.860 1.021
202312 0.663 129.419 0.675
202403 0.399 131.776 0.399

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.


PLDT  (NYSE:PHI) 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.


PLDT Cyclically Adjusted Price-to-FCF Related Terms

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


PLDT (PHI) Business Description

Traded in Other Exchanges
Address
Makati Avenue, Ramon Cojuangco Building, Metro Manila, Corner Ayala Avenue, Legaspi Village, Makati City, PHL, 1200
PLDT Inc is the telecommunications carrier in the Philippines. The company operates the nation's extensive fixed-line network and holds more than half of the market share in the domestic wireless space. First Pacific, a Hong Kong-based investment and management company specializing in consumer and telecommunication businesses, owns about 26% of PLDT, while two subsidiaries of Nippon Telegraph and Telephone jointly own about 21%.

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