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Apex Spinning & Knitting Mills (DHA:APEXSPINN) Cyclically Adjusted FCF per Share : BDT3.59 (As of Mar. 2024)


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What is Apex Spinning & Knitting Mills 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.

Apex Spinning & Knitting Mills's adjusted free cash flow per share for the three months ended in Mar. 2024 was BDT-11.177. 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 BDT3.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Apex Spinning & Knitting Mills's average Cyclically Adjusted FCF Growth Rate was 3.50% 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 (2024-06-02), Apex Spinning & Knitting Mills's current stock price is BDT109.10. Apex Spinning & Knitting Mills's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was BDT3.59. Apex Spinning & Knitting Mills's Cyclically Adjusted Price-to-FCF of today is 30.39.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Apex Spinning & Knitting Mills was 124.92. The lowest was 30.36. And the median was 60.58.


Apex Spinning & Knitting Mills Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Apex Spinning & Knitting Mills'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.

Apex Spinning & Knitting Mills Cyclically Adjusted FCF per Share Chart

Apex Spinning & Knitting Mills Annual Data
Trend Mar14 Mar15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.26 3.34

Apex Spinning & Knitting Mills Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 3.47 3.34 3.73 1.77 3.59

Competitive Comparison of Apex Spinning & Knitting Mills's Cyclically Adjusted FCF per Share

For the Apparel Manufacturing subindustry, Apex Spinning & Knitting Mills'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.


Apex Spinning & Knitting Mills's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Apex Spinning & Knitting Mills's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Apex Spinning & Knitting Mills's Cyclically Adjusted Price-to-FCF falls into.



Apex Spinning & Knitting Mills 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, Apex Spinning & Knitting Mills'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)
=-11.177/131.7762*131.7762
=-11.177

Current CPI (Mar. 2024) = 131.7762.

Apex Spinning & Knitting Mills Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 8.989 99.695 11.882
201406 -2.999 100.560 -3.930
201409 10.351 100.428 13.582
201412 -8.064 99.070 -10.726
201503 -8.180 99.621 -10.820
201506 36.701 100.684 48.035
201509 -13.123 100.392 -17.226
201512 -9.803 99.792 -12.945
201606 0.000 101.688 0.000
201609 33.647 101.861 43.529
201612 -35.324 101.863 -45.697
201703 8.525 102.862 10.921
201706 -3.726 103.349 -4.751
201709 -11.829 104.136 -14.969
201712 23.979 104.011 30.380
201803 4.945 105.290 6.189
201806 -27.384 106.317 -33.942
201809 12.956 106.507 16.030
201812 -9.640 105.998 -11.984
201903 10.029 107.251 12.322
201906 5.938 108.070 7.241
201909 0.348 108.329 0.423
201912 -6.648 108.420 -8.080
202003 12.988 108.902 15.716
202006 -9.557 108.767 -11.579
202009 9.030 109.815 10.836
202012 -2.342 109.897 -2.808
202103 -0.133 111.754 -0.157
202106 -0.736 114.631 -0.846
202109 1.561 115.734 1.777
202112 -4.032 117.630 -4.517
202203 -2.378 121.301 -2.583
202206 -1.427 125.017 -1.504
202209 8.054 125.227 8.475
202212 2.362 125.222 2.486
202303 10.564 127.348 10.931
202306 -0.706 128.729 -0.723
202309 4.366 129.860 4.430
202312 -9.020 129.419 -9.184
202403 -11.177 131.776 -11.177

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


Apex Spinning & Knitting Mills  (DHA:APEXSPINN) 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.

Apex Spinning & Knitting Mills's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=109.10/3.59
=30.39

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Apex Spinning & Knitting Mills was 124.92. The lowest was 30.36. And the median was 60.58.


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.


Apex Spinning & Knitting Mills Cyclically Adjusted FCF per Share Related Terms

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


Apex Spinning & Knitting Mills (DHA:APEXSPINN) Business Description

Traded in Other Exchanges
N/A
Address
18 Gulshan Avenue, Shanta Skymark, 8th & 13th Floor, Gulshan, Dhaka, BGD, 1212
Apex Spinning & Knitting Mills Ltd is a Bangladesh based company that operates as a manufacturer and exporter of all kinds of textiles knitted garments. The company is principally operating in manufacturing high-quality Knit-garments for infants, children, and womenswear using fabrics produced in-house.

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