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Malaysia Airports Holdings Bhd (XKLS:5014) Cyclically Adjusted FCF per Share : RM0.61 (As of Dec. 2023)


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What is Malaysia Airports Holdings 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.

Malaysia Airports Holdings Bhd's adjusted free cash flow per share for the three months ended in Dec. 2023 was RM0.325. 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 RM0.61 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Malaysia Airports Holdings Bhd's average Cyclically Adjusted FCF Growth Rate was 48.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 36.50% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Malaysia Airports Holdings Bhd was 36.50% per year. The lowest was 12.20% per year. And the median was 24.35% per year.

As of today (2024-05-25), Malaysia Airports Holdings Bhd's current stock price is RM10.04. Malaysia Airports Holdings Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was RM0.61. Malaysia Airports Holdings Bhd's Cyclically Adjusted Price-to-FCF of today is 16.46.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Malaysia Airports Holdings Bhd was 36.42. The lowest was 12.38. And the median was 20.27.


Malaysia Airports Holdings Bhd Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Malaysia Airports Holdings 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.

Malaysia Airports Holdings Bhd Cyclically Adjusted FCF per Share Chart

Malaysia Airports Holdings Bhd 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 0.29 0.24 0.24 0.41 0.61

Malaysia Airports Holdings Bhd Quarterly Data
Mar19 Jun19 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 0.41 0.46 0.51 0.57 0.61

Competitive Comparison of Malaysia Airports Holdings Bhd's Cyclically Adjusted FCF per Share

For the Airports & Air Services subindustry, Malaysia Airports Holdings 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.


Malaysia Airports Holdings Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Malaysia Airports Holdings Bhd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Malaysia Airports Holdings 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, Malaysia Airports Holdings 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)
=0.325/129.4194*129.4194
=0.325

Current CPI (Dec. 2023) = 129.4194.

Malaysia Airports Holdings Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.035 99.695 -0.045
201406 -0.117 100.560 -0.151
201409 0.017 100.428 0.022
201412 0.129 99.070 0.169
201503 -0.147 99.621 -0.191
201506 0.078 100.684 0.100
201509 0.126 100.392 0.162
201512 0.152 99.792 0.197
201603 0.152 100.470 0.196
201606 0.063 101.688 0.080
201609 0.218 101.861 0.277
201612 0.372 101.863 0.473
201703 0.166 102.862 0.209
201706 0.079 103.349 0.099
201709 0.402 104.136 0.500
201712 0.349 104.011 0.434
201803 0.099 105.290 0.122
201806 0.225 106.317 0.274
201809 0.238 106.507 0.289
201812 0.381 105.998 0.465
201903 0.072 107.251 0.087
201906 0.154 108.070 0.184
201909 0.361 108.329 0.431
201912 0.398 108.420 0.475
202003 0.040 108.902 0.048
202006 -0.121 108.767 -0.144
202009 -0.068 109.815 -0.080
202012 -0.007 109.897 -0.008
202103 -0.076 111.754 -0.088
202106 -0.035 114.631 -0.040
202109 0.019 115.734 0.021
202112 0.166 117.630 0.183
202203 -0.021 121.301 -0.022
202206 0.104 125.017 0.108
202209 0.225 125.227 0.233
202212 0.234 125.222 0.242
202303 0.001 127.348 0.001
202306 0.198 128.729 0.199
202309 0.299 129.860 0.298
202312 0.325 129.419 0.325

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


Malaysia Airports Holdings Bhd  (XKLS:5014) 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.

Malaysia Airports Holdings Bhd's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.04/0.61
=16.46

* 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 Malaysia Airports Holdings Bhd was 36.42. The lowest was 12.38. And the median was 20.27.


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.


Malaysia Airports Holdings Bhd Cyclically Adjusted FCF per Share Related Terms

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Malaysia Airports Holdings Bhd (XKLS:5014) Business Description

Traded in Other Exchanges
N/A
Address
Malaysia Airports Corporate Office, Persiaran Korporat KLIA, Sepang, SGR, MYS, 64000 KLIA
Malaysia Airports Holdings Bhd operates and manages airports mainly in Southeast Asia. Its airports can serve international, domestic, and regional flights. It has two operating segments: Malaysia operations and Overseas operations. Malaysia's operations segment includes Duty-free and non-dutiable goods; Airport services; Agriculture and horticulture; Hotel and Project and repair maintenance. The overseas operations segment includes Airport services and Project and repair maintenance. The company generates maximum revenue from Airport services in the Malaysia operations segment.

Malaysia Airports Holdings Bhd (XKLS:5014) Headlines

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