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First Resources (SGX:EB5) Cyclically Adjusted Price-to-FCF : 17.75 (As of May. 28, 2024)


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What is First Resources Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), First Resources's current share price is S$1.42. First Resources's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was S$0.08. First Resources's Cyclically Adjusted Price-to-FCF for today is 17.75.

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

SGX:EB5' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.5   Med: 48.67   Max: 205
Current: 17.23

During the past 13 years, First Resources's highest Cyclically Adjusted Price-to-FCF was 205.00. The lowest was 16.50. And the median was 48.67.

SGX:EB5's Cyclically Adjusted Price-to-FCF is ranked better than
62.5% of 704 companies
in the Consumer Packaged Goods industry
Industry Median: 23.415 vs SGX:EB5: 17.23

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.

First Resources's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was S$-0.032. 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 S$0.08 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Resources Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Resources'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.

First Resources Cyclically Adjusted Price-to-FCF Chart

First Resources 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 64.83 36.29 26.40 17.70 17.60

First Resources Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 26.40 - 17.70 - 17.60

Competitive Comparison of First Resources's Cyclically Adjusted Price-to-FCF

For the Packaged Foods subindustry, First Resources'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.


First Resources's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, First Resources's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



First Resources 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.42/0.08
=17.75

* 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.

First Resources's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, First Resources's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-0.032/129.4194*129.4194
=-0.032

Current CPI (Dec23) = 129.4194.

First Resources Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.015 99.070 0.020
201512 -0.041 99.792 -0.053
201612 0.097 101.863 0.123
201712 0.122 104.011 0.152
201812 0.013 105.998 0.016
201912 0.015 108.420 0.018
202012 0.102 109.897 0.120
202112 0.208 117.630 0.229
202212 0.213 125.222 0.220
202312 -0.032 129.419 -0.032

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.


First Resources  (SGX:EB5) 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.


First Resources Cyclically Adjusted Price-to-FCF Related Terms

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


First Resources (SGX:EB5) Business Description

Traded in Other Exchanges
Address
7 Temasek Boulevard, No. 24-01, Suntec Tower One, Singapore, SGP, 038987
First Resources Ltd manages more than 200,000 hectares of oil palm plantations located in Indonesia and mills fresh fruit bunches into crude palm oil and palm kernel. In addition, the group also processes crude palm oil and palm kernel into higher-value palm-based products such as refined, bleached, and deodorized olein and biodiesel. The operating segment of the company is Plantations and Palm Oil Mills & Refineries and Processing. The plantations and palm oil mills segment is principally involved in the cultivation and maintenance of oil palm plantations and the operation of palm oil mills. Refinery and processing segment markets and sells processed palm-based products produced from the refinery, fractionation and biodiesel plants, and other downstream processing facilities.

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