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Dubai Financial Market PJSC (DFM:DFM) Cyclically Adjusted Price-to-FCF : 26.20 (As of Jun. 09, 2024)


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What is Dubai Financial Market PJSC Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Dubai Financial Market PJSC's current share price is د.إ1.31. Dubai Financial Market PJSC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was د.إ0.05. Dubai Financial Market PJSC's Cyclically Adjusted Price-to-FCF for today is 26.20.

The historical rank and industry rank for Dubai Financial Market PJSC's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

DFM:DFM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.5   Med: 22.45   Max: 56.8
Current: 25.11

During the past years, Dubai Financial Market PJSC's highest Cyclically Adjusted Price-to-FCF was 56.80. The lowest was 11.50. And the median was 22.45.

DFM:DFM's Cyclically Adjusted Price-to-FCF is ranked worse than
61.41% of 241 companies
in the Capital Markets industry
Industry Median: 18.37 vs DFM:DFM: 25.11

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.

Dubai Financial Market PJSC's adjusted free cash flow per share data for the three months ended in Mar. 2024 was د.إ0.075. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is د.إ0.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dubai Financial Market PJSC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dubai Financial Market PJSC's Cyclically Adjusted Price-to-FCF 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.

Dubai Financial Market PJSC Cyclically Adjusted Price-to-FCF Chart

Dubai Financial Market PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.00 19.91 54.12 28.68 26.90

Dubai Financial Market PJSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 24.02 26.97 30.55 26.90 28.37

Competitive Comparison of Dubai Financial Market PJSC's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, Dubai Financial Market PJSC'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.


Dubai Financial Market PJSC's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Dubai Financial Market PJSC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Dubai Financial Market PJSC's Cyclically Adjusted Price-to-FCF falls into.



Dubai Financial Market PJSC Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Dubai Financial Market PJSC's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.31/0.05
=26.20

* 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.

Dubai Financial Market PJSC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Dubai Financial Market PJSC'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)
=0.075/131.7762*131.7762
=0.075

Current CPI (Mar. 2024) = 131.7762.

Dubai Financial Market PJSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.012 100.560 0.016
201409 0.025 100.428 0.033
201412 0.032 99.070 0.043
201503 0.006 99.621 0.008
201506 0.011 100.684 0.014
201509 0.004 100.392 0.005
201512 -0.001 99.792 -0.001
201603 0.024 100.470 0.031
201606 0.005 101.688 0.006
201609 0.000 101.861 0.000
201612 0.015 101.863 0.019
201703 0.069 102.862 0.088
201706 0.012 103.349 0.015
201709 -0.024 104.136 -0.030
201712 0.003 104.011 0.004
201803 0.038 105.290 0.048
201806 0.022 106.317 0.027
201809 -0.021 106.507 -0.026
201812 -0.002 105.998 -0.002
201903 0.009 107.251 0.011
201906 0.024 108.070 0.029
201909 -0.006 108.329 -0.007
201912 -0.011 108.420 -0.013
202003 0.003 108.902 0.004
202006 0.030 108.767 0.036
202009 0.015 109.815 0.018
202012 -0.003 109.897 -0.004
202103 0.008 111.754 0.009
202106 0.020 114.631 0.023
202109 -0.032 115.734 -0.036
202112 0.045 117.630 0.050
202203 0.098 121.301 0.106
202206 -0.067 125.017 -0.071
202209 -0.031 125.227 -0.033
202212 -0.020 125.222 -0.021
202303 0.005 127.348 0.005
202306 0.037 128.729 0.038
202309 -0.012 129.860 -0.012
202312 0.002 129.419 0.002
202403 0.075 131.776 0.075

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


Dubai Financial Market PJSC  (DFM:DFM) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Dubai Financial Market PJSC Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Dubai Financial Market PJSC's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Dubai Financial Market PJSC (DFM:DFM) Business Description

Traded in Other Exchanges
N/A
Address
Sheikh Zayed Road, P.O. Box 9700, Reception - Mezzanine Floor, Dubai World Trade Center Building, Dubai, ARE
Dubai Financial Market PJSC (DFM) operates as a regulated secondary market for the trading of securities issued by public shareholding companies, bonds issued by federal or local governments, local public institutions, and mutual funds as well as other local or foreign financial instruments. The company operates according to the principles of Sharia law. Revenue is derived from trading, investment, administration, and DFM's subsidiaries. Trading constitutes a majority of revenue.

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