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PT Mandala Multifinance Tbk (ISX:MFIN) Cyclically Adjusted FCF per Share : Rp130.97 (As of Mar. 2024)


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What is PT Mandala Multifinance Tbk 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.

PT Mandala Multifinance Tbk's adjusted free cash flow per share for the three months ended in Mar. 2024 was Rp-55.858. 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 Rp130.97 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT Mandala Multifinance Tbk's average Cyclically Adjusted FCF Growth Rate was -10.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of PT Mandala Multifinance Tbk was 16.60% per year. The lowest was 1.70% per year. And the median was 9.15% per year.

As of today (2024-05-22), PT Mandala Multifinance Tbk's current stock price is Rp3150.00. PT Mandala Multifinance Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was Rp130.97. PT Mandala Multifinance Tbk's Cyclically Adjusted Price-to-FCF of today is 24.05.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Mandala Multifinance Tbk was 24.85. The lowest was 6.15. And the median was 10.62.


PT Mandala Multifinance Tbk Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PT Mandala Multifinance Tbk'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.

PT Mandala Multifinance Tbk Cyclically Adjusted FCF per Share Chart

PT Mandala Multifinance Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 96.80 127.55 159.85 153.53 134.84

PT Mandala Multifinance Tbk 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 143.66 137.36 128.15 134.84 130.97

Competitive Comparison of PT Mandala Multifinance Tbk's Cyclically Adjusted FCF per Share

For the Credit Services subindustry, PT Mandala Multifinance Tbk'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.


PT Mandala Multifinance Tbk's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, PT Mandala Multifinance Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Mandala Multifinance Tbk's Cyclically Adjusted Price-to-FCF falls into.



PT Mandala Multifinance Tbk 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, PT Mandala Multifinance Tbk'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)
=-55.858/130.6070*130.6070
=-55.858

Current CPI (Mar. 2024) = 130.6070.

PT Mandala Multifinance Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -47.537 93.015 -66.749
201409 20.685 94.576 28.565
201412 -46.575 98.819 -61.557
201503 19.662 98.388 26.101
201506 8.875 99.766 11.619
201509 35.138 101.037 45.422
201512 147.728 102.133 188.914
201603 141.952 102.764 180.413
201606 128.334 103.212 162.397
201609 162.749 104.142 204.107
201612 127.349 105.222 158.072
201703 99.706 106.476 122.303
201706 67.269 107.722 81.560
201709 66.368 108.020 80.245
201712 22.141 109.017 26.526
201803 5.595 110.097 6.637
201806 -34.394 111.085 -40.438
201809 24.754 111.135 29.091
201812 13.125 112.430 15.247
201903 -21.690 112.829 -25.108
201906 -94.776 114.730 -107.891
201909 -47.886 114.905 -54.430
201912 -90.986 115.486 -102.899
202003 -52.578 116.252 -59.070
202006 210.600 116.630 235.839
202009 151.075 116.397 169.519
202012 79.483 117.318 88.486
202103 -31.103 117.840 -34.473
202106 -61.791 118.184 -68.286
202109 6.994 118.262 7.724
202112 -96.627 119.516 -105.594
202203 -37.222 120.948 -40.195
202206 -28.209 123.322 -29.875
202209 105.355 125.298 109.819
202212 100.077 126.098 103.656
202303 -5.840 126.953 -6.008
202306 0.483 127.663 0.494
202309 42.697 128.151 43.515
202312 41.437 129.395 41.825
202403 -55.858 130.607 -55.858

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


PT Mandala Multifinance Tbk  (ISX:MFIN) 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.

PT Mandala Multifinance Tbk's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3150.00/130.97
=24.05

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Mandala Multifinance Tbk was 24.85. The lowest was 6.15. And the median was 10.62.


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.


PT Mandala Multifinance Tbk Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of PT Mandala Multifinance Tbk's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Mandala Multifinance Tbk (ISX:MFIN) Business Description

Traded in Other Exchanges
N/A
Address
Jl. Menteng Raya No. 24 AB, Central Jakarta, Jakarta Pusat, IDN, 10340
PT Mandala Multifinance Tbk is engaged in conducting business activities in consumer financing solutions for motorcycles, electronics, furniture, and multipurpose needs. Its segments of the company include Conventional and Sharia. Geographically, the company focuses its activities in Indonesia where the regions include Java, Sumatera, Sulawesi, and Kalimantan. It generates the majority of its revenue from the Conventional segment.