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Berjaya Bhd (XKLS:3395) Cyclically Adjusted FCF per Share : RM0.01 (As of Dec. 2023)


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What is Berjaya Bhd 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.

Berjaya Bhd's adjusted free cash flow per share for the three months ended in Dec. 2023 was RM-0.003. 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 RM0.01 for the trailing ten years ended in Dec. 2023.

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 (2024-05-29), Berjaya Bhd's current stock price is RM0.295. Berjaya Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was RM0.01. Berjaya Bhd's Cyclically Adjusted Price-to-FCF of today is 29.50.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Berjaya Bhd was 33.00. The lowest was 13.21. And the median was 25.48.


Berjaya Bhd Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Berjaya Bhd'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.

Berjaya Bhd Cyclically Adjusted FCF per Share Chart

Berjaya Bhd Annual Data
Trend Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.01 0.02

Berjaya Bhd Quarterly Data
Oct18 Jan19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.01 0.01 0.02 0.02 0.01

Competitive Comparison of Berjaya Bhd's Cyclically Adjusted FCF per Share

For the Conglomerates subindustry, Berjaya Bhd'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.


Berjaya Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Berjaya Bhd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Berjaya Bhd 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, Berjaya Bhd's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.003/129.4194*129.4194
=-0.003

Current CPI (Dec. 2023) = 129.4194.

Berjaya Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201310 0.002 98.536 0.003
201401 -0.019 98.692 -0.025
201404 -0.001 100.023 -0.001
201407 -0.014 100.520 -0.018
201410 0.009 100.176 0.012
201501 -0.015 98.604 -0.020
201504 -0.001 99.824 -0.001
201507 -0.029 100.691 -0.037
201510 -0.041 100.346 -0.053
201601 -0.045 99.957 -0.058
201604 0.113 100.947 0.145
201607 -0.012 101.524 -0.015
201610 -0.004 101.988 -0.005
201701 0.014 102.456 0.018
201704 -0.039 103.167 -0.049
201707 0.014 103.278 0.018
201710 0.025 104.070 0.031
201801 -0.002 104.578 -0.002
201804 0.031 105.708 0.038
201807 0.003 106.324 0.004
201810 0.011 106.695 0.013
201901 0.003 106.200 0.004
201909 -0.005 108.329 -0.006
201912 -0.029 108.420 -0.035
202003 0.009 108.902 0.011
202006 -0.002 108.767 -0.002
202009 0.055 109.815 0.065
202012 0.001 109.897 0.001
202103 -0.025 111.754 -0.029
202106 0.019 114.631 0.021
202109 -0.009 115.734 -0.010
202112 0.004 117.630 0.004
202203 0.013 121.301 0.014
202206 0.036 125.017 0.037
202209 0.015 125.227 0.016
202212 0.015 125.222 0.016
202303 -0.025 127.348 -0.025
202306 0.061 128.729 0.061
202309 -0.002 129.860 -0.002
202312 -0.003 129.419 -0.003

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


Berjaya Bhd  (XKLS:3395) 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.

Berjaya Bhd's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.295/0.01
=29.50

* 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 Berjaya Bhd was 33.00. The lowest was 13.21. And the median was 25.48.


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.


Berjaya Bhd Cyclically Adjusted FCF per Share Related Terms

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


Berjaya Bhd (XKLS:3395) Business Description

Industry
Traded in Other Exchanges
Address
Level 12 (East Wing), Berjaya Times Square, No.1 Jalan Imbi, Kuala Lumpur, SGR, MYS, 55100
Berjaya Corp Bhd is a Malaysia-based conglomerate which is engaged in financial services, consumer products marketing, property investment, hotel operation, gaming, Property Investment and Development, gaming and Lottery Management, Food and Beverage, restaurant operation, and others. The company operates in four main segments, namely Retail, Services, Property and Hospitality. The company generates the majority of its revenue from the Malaysian domestic market.

Berjaya Bhd (XKLS:3395) Headlines

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