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Ayala (PHS:AC) Cyclically Adjusted Price-to-FCF : 350.57 (As of May. 26, 2024)


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What is Ayala Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Ayala's current share price is ₱617.00. Ayala's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱1.76. Ayala's Cyclically Adjusted Price-to-FCF for today is 350.57.

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

PHS:AC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.97   Med: 48.78   Max: 352.27
Current: 350.11

During the past years, Ayala's highest Cyclically Adjusted Price-to-FCF was 352.27. The lowest was 18.97. And the median was 48.78.

PHS:AC's Cyclically Adjusted Price-to-FCF is ranked worse than
95.67% of 208 companies
in the Conglomerates industry
Industry Median: 19.625 vs PHS:AC: 350.11

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.

Ayala's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₱-10.319. 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 ₱1.76 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ayala Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ayala'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.

Ayala Cyclically Adjusted Price-to-FCF Chart

Ayala 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 36.34 45.25 48.52 46.23 98.21

Ayala 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 43.56 65.28 72.22 98.21 363.16

Competitive Comparison of Ayala's Cyclically Adjusted Price-to-FCF

For the Conglomerates subindustry, Ayala'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.


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

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

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



Ayala 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.

Ayala's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=617.00/1.76
=350.57

* 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.

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

For example, Ayala'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)
=-10.319/131.7762*131.7762
=-10.319

Current CPI (Mar. 2024) = 131.7762.

Ayala Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -5.597 100.560 -7.334
201409 -1.987 100.428 -2.607
201412 28.339 99.070 37.695
201503 7.424 99.621 9.820
201506 6.406 100.684 8.384
201509 -27.163 100.392 -35.655
201512 18.527 99.792 24.465
201603 34.102 100.470 44.728
201606 -17.412 101.688 -22.564
201609 -1.630 101.861 -2.109
201612 13.420 101.863 17.361
201703 12.570 102.862 16.103
201706 -1.095 103.349 -1.396
201709 0.349 104.136 0.442
201712 -18.733 104.011 -23.734
201803 12.469 105.290 15.606
201806 8.809 106.317 10.918
201809 -3.267 106.507 -4.042
201812 25.367 105.998 31.536
201903 4.502 107.251 5.532
201906 -15.464 108.070 -18.856
201909 -9.725 108.329 -11.830
201912 52.754 108.420 64.118
202003 -32.724 108.902 -39.598
202006 -25.205 108.767 -30.537
202009 -1.279 109.815 -1.535
202012 25.004 109.897 29.982
202103 -6.359 111.754 -7.498
202106 11.363 114.631 13.063
202109 -3.159 115.734 -3.597
202112 -15.733 117.630 -17.625
202203 -4.022 121.301 -4.369
202206 -8.364 125.017 -8.816
202209 1.885 125.227 1.984
202212 -13.320 125.222 -14.017
202303 -10.665 127.348 -11.036
202306 -15.842 128.729 -16.217
202309 -10.825 129.860 -10.985
202312 -7.697 129.419 -7.837
202403 -10.319 131.776 -10.319

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.


Ayala  (PHS:AC) 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.


Ayala Cyclically Adjusted Price-to-FCF Related Terms

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


Ayala (PHS:AC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Ayala Corp (PHS:AC) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
Paseo de Roxas cor. Makati Avenue, 37th Floor to 39th Floor, Ayala Triangle Gardens Tower 2, Makati, PHL, 1226
Ayala Corporation is a general real estate company. The group is organized into a variety of business units. Ayala's real estate business is primarily conducted through its subsidiary, Ayala Land, Inc. Its involvement in financial services is through an affiliate, the Bank of the Philippine Islands. The group's business has the following main segments: Parent Company; Real estate and hotels; Financial services and insurance; Telecommunications; Industrial Technologies; Power Generation; and Automotive and Others.