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QAF (SGX:Q01) Cyclically Adjusted Price-to-FCF : 16.30 (As of May. 28, 2024)


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What is QAF Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), QAF's current share price is S$0.815. QAF's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was S$0.05. QAF's Cyclically Adjusted Price-to-FCF for today is 16.30.

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

SGX:Q01' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.13   Med: 19.5   Max: 61.5
Current: 15.45

During the past 13 years, QAF's highest Cyclically Adjusted Price-to-FCF was 61.50. The lowest was 7.13. And the median was 19.50.

SGX:Q01's Cyclically Adjusted Price-to-FCF is ranked better than
67.19% of 704 companies
in the Consumer Packaged Goods industry
Industry Median: 23.415 vs SGX:Q01: 15.45

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.

QAF's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was S$0.031. 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$0.05 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


QAF Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for QAF'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.

QAF Cyclically Adjusted Price-to-FCF Chart

QAF 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 18.66 20.44 17.11 14.79 15.54

QAF 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 17.11 - 14.79 - 15.54

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

For the Packaged Foods subindustry, QAF'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.


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

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

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



QAF 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.815/0.05
=16.30

* 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.

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

For example, QAF'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)
=0.031/129.4194*129.4194
=0.031

Current CPI (Dec23) = 129.4194.

QAF Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.082 99.070 0.107
201512 0.043 99.792 0.056
201612 0.049 101.863 0.062
201712 0.002 104.011 0.002
201812 -0.094 105.998 -0.115
201912 0.042 108.420 0.050
202012 0.113 109.897 0.133
202112 0.137 117.630 0.151
202212 0.045 125.222 0.047
202312 0.031 129.419 0.031

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.


QAF  (SGX:Q01) 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.


QAF Cyclically Adjusted Price-to-FCF Related Terms

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


QAF (SGX:Q01) Business Description

Traded in Other Exchanges
N/A
Address
150 South Bridge Road, No. 09-03 Fook Hai Building, Singapore, SGP, 058727
QAF Ltd is a Singapore-based company engaged in the manufacturing and distribution of packaged loaf bread, pastries, and bakery products in Singapore, Malaysia, the Philippines, Australia, and other countries. It operates in four segments Bakery, which manufactures and distributes bread, confectionery, and bakery products, Distribution & warehousing segment includes trading and distribution of food and beverage products and provision for warehousing logistics for food items, Primary production include production, processing, and marketing of meat feed milling and sale of animal feeds and related ingredients and Investments & others. Geographically, it generates the majority of its revenue from Bakery and Geographic revenue from the Philippines.

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