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Philip Morris (Pakistan) (KAR:PMPK) Cyclically Adjusted Price-to-FCF : 35.36 (As of Jun. 10, 2024)


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What is Philip Morris (Pakistan) Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Philip Morris (Pakistan)'s current share price is ₨609.28. Philip Morris (Pakistan)'s Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₨17.23. Philip Morris (Pakistan)'s Cyclically Adjusted Price-to-FCF for today is 35.36.

The historical rank and industry rank for Philip Morris (Pakistan)'s Cyclically Adjusted Price-to-FCF or its related term are showing as below:

KAR:PMPK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 32.3   Med: 68.75   Max: 278.96
Current: 35.35

During the past years, Philip Morris (Pakistan)'s highest Cyclically Adjusted Price-to-FCF was 278.96. The lowest was 32.30. And the median was 68.75.

KAR:PMPK's Cyclically Adjusted Price-to-FCF is ranked worse than
96% of 25 companies
in the Tobacco Products industry
Industry Median: 10.25 vs KAR:PMPK: 35.35

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.

Philip Morris (Pakistan)'s adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₨6.852. 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 ₨17.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Philip Morris (Pakistan) Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Philip Morris (Pakistan)'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.

Philip Morris (Pakistan) Cyclically Adjusted Price-to-FCF Chart

Philip Morris (Pakistan) 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 - - 159.92 84.78 32.97

Philip Morris (Pakistan) 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 65.40 52.35 28.36 32.97 41.20

Competitive Comparison of Philip Morris (Pakistan)'s Cyclically Adjusted Price-to-FCF

For the Tobacco subindustry, Philip Morris (Pakistan)'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.


Philip Morris (Pakistan)'s Cyclically Adjusted Price-to-FCF Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Philip Morris (Pakistan)'s Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Philip Morris (Pakistan)'s Cyclically Adjusted Price-to-FCF falls into.



Philip Morris (Pakistan) 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.

Philip Morris (Pakistan)'s Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=609.28/17.23
=35.36

* 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.

Philip Morris (Pakistan)'s Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Philip Morris (Pakistan)'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)
=6.852/131.7762*131.7762
=6.852

Current CPI (Mar. 2024) = 131.7762.

Philip Morris (Pakistan) Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 8.981 100.560 11.769
201409 -22.860 100.428 -29.996
201412 -35.428 99.070 -47.124
201503 22.739 99.621 30.079
201506 13.158 100.684 17.221
201509 -73.873 100.392 -96.967
201512 -2.284 99.792 -3.016
201603 40.722 100.470 53.411
201606 -7.644 101.688 -9.906
201609 -6.193 101.861 -8.012
201612 1.374 101.863 1.777
201703 -12.789 102.862 -16.384
201706 -9.475 103.349 -12.081
201709 51.217 104.136 64.811
201712 7.880 104.011 9.984
201803 20.224 105.290 25.312
201806 -12.429 106.317 -15.405
201809 41.115 106.507 50.870
201812 1.796 105.998 2.233
201903 -14.985 107.251 -18.412
201906 29.445 108.070 35.904
201909 -45.340 108.329 -55.153
201912 -24.449 108.420 -29.716
202003 37.463 108.902 45.332
202006 29.409 108.767 35.630
202009 -3.655 109.815 -4.386
202012 33.668 109.897 40.371
202103 29.285 111.754 34.532
202106 15.935 114.631 18.318
202109 -15.221 115.734 -17.331
202112 17.700 117.630 19.829
202203 22.049 121.301 23.953
202206 12.759 125.017 13.449
202209 -9.171 125.227 -9.651
202212 -8.969 125.222 -9.438
202303 8.309 127.348 8.598
202306 6.274 128.729 6.423
202309 -32.584 129.860 -33.065
202312 31.156 129.419 31.723
202403 6.852 131.776 6.852

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.


Philip Morris (Pakistan)  (KAR:PMPK) 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.


Philip Morris (Pakistan) Cyclically Adjusted Price-to-FCF Related Terms

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Philip Morris (Pakistan) (KAR:PMPK) Business Description

Traded in Other Exchanges
N/A
Address
Plot HC-3, Block 4, Corporate Office Block, Office 04 & 05, 5th Floor, Dolmen City, Clifton, Karachi, SD, PAK, 75600
Philip Morris (Pakistan) Ltd is a cigarette manufacturing company engaged in the manufacture, distribution, and sale of cigarettes, tobacco products, and other smoke-free products in Pakistan.

Philip Morris (Pakistan) (KAR:PMPK) Headlines

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