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PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) Cyclically Adjusted FCF per Share : Rp26.92 (As of Mar. 2024)


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What is PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology Tbk's adjusted free cash flow per share for the three months ended in Mar. 2024 was Rp157.207. 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 Rp26.92 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT Sinar Mas Agro Resources & Technology Tbk's average Cyclically Adjusted FCF Growth Rate was -46.30% 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 (2024-06-14), PT Sinar Mas Agro Resources & Technology Tbk's current stock price is Rp3660.00. PT Sinar Mas Agro Resources & Technology Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was Rp26.92. PT Sinar Mas Agro Resources & Technology Tbk's Cyclically Adjusted Price-to-FCF of today is 135.96.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Sinar Mas Agro Resources & Technology Tbk was 145.62. The lowest was 47.25. And the median was 66.88.


PT Sinar Mas Agro Resources & Technology Tbk Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology Tbk Cyclically Adjusted FCF per Share Chart

PT Sinar Mas Agro Resources & Technology 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 - - - -13.06 56.67

PT Sinar Mas Agro Resources & Technology 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 50.12 77.81 79.36 56.67 26.92

Competitive Comparison of PT Sinar Mas Agro Resources & Technology Tbk's Cyclically Adjusted FCF per Share

For the Farm Products subindustry, PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology Tbk's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Sinar Mas Agro Resources & Technology Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Sinar Mas Agro Resources & Technology Tbk's Cyclically Adjusted Price-to-FCF falls into.



PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology 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)
=157.207/130.6070*130.6070
=157.207

Current CPI (Mar. 2024) = 130.6070.

PT Sinar Mas Agro Resources & Technology Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -91.652 93.015 -128.693
201409 260.882 94.576 360.271
201412 -573.917 98.819 -758.531
201503 108.740 98.388 144.350
201506 -354.497 99.766 -464.083
201509 1.609 101.037 2.080
201512 -388.992 102.133 -497.441
201603 -368.509 102.764 -468.354
201606 -265.653 103.212 -336.163
201609 203.153 104.142 254.778
201612 -454.903 105.222 -564.650
201703 673.897 106.476 826.625
201706 -107.529 107.722 -130.374
201709 -289.272 108.020 -349.758
201712 63.387 109.017 75.940
201803 -275.232 110.097 -326.507
201806 -165.068 111.085 -194.077
201809 442.583 111.135 520.130
201812 -168.084 112.430 -195.259
201903 973.861 112.829 1,127.313
201906 -89.948 114.730 -102.395
201909 180.997 114.905 205.731
201912 -176.723 115.486 -199.862
202003 -149.796 116.252 -168.293
202006 -40.483 116.630 -45.335
202009 206.473 116.397 231.680
202012 -255.364 117.318 -284.290
202103 22.762 117.840 25.228
202106 -574.917 118.184 -635.350
202109 198.110 118.262 218.791
202112 256.032 119.516 279.791
202203 -739.672 120.948 -798.741
202206 309.228 123.322 327.494
202209 900.546 125.298 938.700
202212 509.306 126.098 527.519
202303 581.951 126.953 598.703
202306 273.004 127.663 279.300
202309 31.702 128.151 32.309
202312 -214.599 129.395 -216.610
202403 157.207 130.607 157.207

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


PT Sinar Mas Agro Resources & Technology Tbk  (ISX:SMAR) 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 Sinar Mas Agro Resources & Technology Tbk's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3660.00/26.92
=135.96

* 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 Sinar Mas Agro Resources & Technology Tbk was 145.62. The lowest was 47.25. And the median was 66.88.


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 Sinar Mas Agro Resources & Technology Tbk Cyclically Adjusted FCF per Share Related Terms

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


PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) Business Description

Traded in Other Exchanges
N/A
Address
Jalan MH Thamrin No. 51, Tower II, 28th-30th Floor, Sinar Mas Land Plaza, Jakarta, IDN, 10350
PT Sinar Mas Agro Resources & Technology Tbk is involved in the business of cultivating and harvesting oil palm trees, processing fresh fruit bunches into crude palm oil and palm kernel, and refining crude palm oil into value-added products. The firm's products include cooking oil, fat, margarine, crude palm oil, palm kernel, cocoa butter substitute, etc. Its scope of activities comprises plantation development, agriculture, trading, refining of plantation products, management services, and research related to the business.