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Carlsberg Brewery Malaysia Bhd (XKLS:2836) Cyclically Adjusted Price-to-FCF : 19.10 (As of May. 20, 2024)


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What is Carlsberg Brewery Malaysia Bhd Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Carlsberg Brewery Malaysia Bhd's current share price is RM20.06. Carlsberg Brewery Malaysia Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was RM1.05. Carlsberg Brewery Malaysia Bhd's Cyclically Adjusted Price-to-FCF for today is 19.10.

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

XKLS:2836' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.41   Med: 23.14   Max: 27.32
Current: 19.1

During the past years, Carlsberg Brewery Malaysia Bhd's highest Cyclically Adjusted Price-to-FCF was 27.32. The lowest was 17.41. And the median was 23.14.

XKLS:2836's Cyclically Adjusted Price-to-FCF is ranked better than
61.82% of 110 companies
in the Beverages - Alcoholic industry
Industry Median: 29.655 vs XKLS:2836: 19.10

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.

Carlsberg Brewery Malaysia Bhd's adjusted free cash flow per share data for the three months ended in Mar. 2024 was RM0.520. 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 RM1.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Carlsberg Brewery Malaysia Bhd Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Carlsberg Brewery Malaysia Bhd'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.

Carlsberg Brewery Malaysia Bhd Cyclically Adjusted Price-to-FCF Chart

Carlsberg Brewery Malaysia Bhd 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 - - 22.90 24.37 19.32

Carlsberg Brewery Malaysia Bhd 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 21.70 20.75 19.93 19.32 17.62

Competitive Comparison of Carlsberg Brewery Malaysia Bhd's Cyclically Adjusted Price-to-FCF

For the Beverages - Brewers subindustry, Carlsberg Brewery Malaysia 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.


Carlsberg Brewery Malaysia Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg Brewery Malaysia Bhd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Carlsberg Brewery Malaysia Bhd 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.

Carlsberg Brewery Malaysia Bhd's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=20.06/1.05
=19.10

* 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.

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

For example, Carlsberg Brewery Malaysia Bhd'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)
=0.52/131.7762*131.7762
=0.520

Current CPI (Mar. 2024) = 131.7762.

Carlsberg Brewery Malaysia Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.216 100.560 0.283
201409 0.188 100.428 0.247
201412 0.214 99.070 0.285
201503 0.153 99.621 0.202
201506 0.060 100.684 0.079
201509 0.168 100.392 0.221
201512 0.210 99.792 0.277
201603 0.284 100.470 0.372
201606 0.167 101.688 0.216
201609 0.251 101.861 0.325
201612 0.017 101.863 0.022
201703 0.545 102.862 0.698
201706 0.035 103.349 0.045
201709 0.288 104.136 0.364
201712 0.114 104.011 0.144
201803 0.328 105.290 0.411
201806 0.245 106.317 0.304
201809 0.232 106.507 0.287
201812 0.248 105.998 0.308
201903 0.209 107.251 0.257
201906 0.151 108.070 0.184
201909 0.246 108.329 0.299
201912 0.414 108.420 0.503
202003 0.261 108.902 0.316
202006 0.166 108.767 0.201
202009 0.349 109.815 0.419
202012 0.032 109.897 0.038
202103 0.527 111.754 0.621
202106 0.038 114.631 0.044
202109 -0.137 115.734 -0.156
202112 0.287 117.630 0.322
202203 0.536 121.301 0.582
202206 0.050 125.017 0.053
202209 0.290 125.227 0.305
202212 -0.005 125.222 -0.005
202303 0.488 127.348 0.505
202306 -0.061 128.729 -0.062
202309 0.197 129.860 0.200
202312 0.260 129.419 0.265
202403 0.520 131.776 0.520

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.


Carlsberg Brewery Malaysia Bhd  (XKLS:2836) 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.


Carlsberg Brewery Malaysia Bhd Cyclically Adjusted Price-to-FCF Related Terms

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


Carlsberg Brewery Malaysia Bhd (XKLS:2836) Business Description

Traded in Other Exchanges
N/A
Address
No. 55, Persiaran Selangor, Section 15, Shah Alam, SGR, MYS, 40200
Carlsberg Brewery Malaysia Bhd is a Carlsberg Group subsidiary that produces and sells beer, stout, cider, shandy, and nonalcoholic malt beverages in Asia. The company produces its products in Malaysia, and nearly all sales are in Malaysia and Singapore. Carlsberg Brewery Malaysia also exports products to Sri Lanka, Thailand, Taiwan, and Hong Kong. Carlsberg is the company's flagship brand. Other brands include Kronenbourg 1664, Somersby Ciders, Asahi Dry, Royal Stout, Skol, Jolly Shandy, Nutrimalt, Connor's Stout Porter, and Corona Extra.

Carlsberg Brewery Malaysia Bhd (XKLS:2836) Headlines

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