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PT Bank Mandiri (Persero) Tbk (ISX:BMRI) Cyclically Adjusted Price-to-FCF : 16.50 (As of May. 25, 2024)


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What is PT Bank Mandiri (Persero) Tbk Cyclically Adjusted Price-to-FCF?

As of today (2024-05-25), PT Bank Mandiri (Persero) Tbk's current share price is Rp6050.00. PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was Rp366.69. PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Price-to-FCF for today is 16.50.

The historical rank and industry rank for PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ISX:BMRI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.86   Med: 12.77   Max: 28.52
Current: 17.93

During the past years, PT Bank Mandiri (Persero) Tbk's highest Cyclically Adjusted Price-to-FCF was 28.52. The lowest was 8.86. And the median was 12.77.

ISX:BMRI's Cyclically Adjusted Price-to-FCF is ranked worse than
88.96% of 833 companies
in the Banks industry
Industry Median: 7.38 vs ISX:BMRI: 17.93

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 Bank Mandiri (Persero) Tbk's adjusted free cash flow per share data for the three months ended in Dec. 2023 was Rp512.270. 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 Rp366.69 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bank Mandiri (Persero) Tbk Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PT Bank Mandiri (Persero) Tbk'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.

PT Bank Mandiri (Persero) Tbk Cyclically Adjusted Price-to-FCF Chart

PT Bank Mandiri (Persero) Tbk 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 27.62 13.27 10.08 10.89 16.50

PT Bank Mandiri (Persero) Tbk Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.89 14.62 15.45 19.26 16.50

Competitive Comparison of PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, PT Bank Mandiri (Persero) 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 Bank Mandiri (Persero) Tbk's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Price-to-FCF falls into.



PT Bank Mandiri (Persero) Tbk 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.

PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6050.00/366.69
=16.50

* 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.

PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, PT Bank Mandiri (Persero) Tbk'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)
=512.27/129.3947*129.3947
=512.270

Current CPI (Dec. 2023) = 129.3947.

PT Bank Mandiri (Persero) Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -37.519 92.483 -52.493
201406 153.325 93.015 213.293
201409 162.284 94.576 222.030
201412 -83.783 98.819 -109.706
201503 254.421 98.388 334.602
201506 91.908 99.766 119.203
201509 159.035 101.037 203.672
201512 -414.356 102.133 -524.958
201603 0.114 102.764 0.144
201606 211.473 103.212 265.118
201609 -82.935 104.142 -103.045
201612 288.681 105.222 355.000
201703 -11.631 106.476 -14.135
201706 -158.387 107.722 -190.254
201709 241.990 108.020 289.873
201712 -5.049 109.017 -5.993
201803 -119.537 110.097 -140.490
201806 -181.678 111.085 -211.624
201809 215.625 111.135 251.054
201812 -292.157 112.430 -336.241
201903 226.458 112.829 259.708
201906 -220.711 114.730 -248.922
201909 566.067 114.905 637.451
201912 -366.858 115.486 -411.041
202003 353.291 116.252 393.231
202006 652.299 116.630 723.692
202009 -48.402 116.397 -53.807
202012 148.994 117.318 164.331
202103 303.729 117.840 333.511
202106 -132.874 118.184 -145.478
202109 678.701 118.262 742.593
202112 493.950 119.516 534.777
202203 -269.836 120.948 -288.680
202206 261.542 123.322 274.420
202209 45.829 125.298 47.327
202212 956.428 126.098 981.435
202303 -973.893 126.953 -992.628
202306 -183.271 127.663 -185.757
202309 -174.932 128.151 -176.629
202312 512.270 129.395 512.270

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.


PT Bank Mandiri (Persero) Tbk  (ISX:BMRI) 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.


PT Bank Mandiri (Persero) Tbk Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Bank Mandiri (Persero) Tbk (ISX:BMRI) Business Description

Traded in Other Exchanges
Address
Jalan Jenderal Gatot Subroto Kav. 36-38, Plaza Mandiri, Jakarta, IDN, 12190
PT Bank Mandiri (Persero) Tbk is a full-service bank principally operating in the Indonesian archipelago. The national government of Indonesia owns well over half of the bank's outstanding shares. Its wide range of products and services includes deposit collection, loans, promissory note issuance, guarantee services, wholesale banking, custodian banking, asset and wealth management, factoring and credit card services, and Islamic banking. The bank's strategy emphasizes a cross-selling culture and increased regionalization, expertise-oriented solutions, and ease of access for its micro, small, and midsize enterprise customers. Its loan portfolio is diversified, mostly in industrials, restaurants and hospitality, and the transportation and storage industries.

PT Bank Mandiri (Persero) Tbk (ISX:BMRI) Headlines

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