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Heineken Malaysia Bhd (XKLS:3255) Cyclically Adjusted Price-to-FCF : 23.24 (As of Jun. 06, 2024)


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What is Heineken Malaysia Bhd Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Heineken Malaysia Bhd's current share price is RM23.70. Heineken Malaysia Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was RM1.02. Heineken Malaysia Bhd's Cyclically Adjusted Price-to-FCF for today is 23.24.

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

XKLS:3255' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.27   Med: 25.08   Max: 30.67
Current: 23.43

During the past years, Heineken Malaysia Bhd's highest Cyclically Adjusted Price-to-FCF was 30.67. The lowest was 21.27. And the median was 25.08.

XKLS:3255's Cyclically Adjusted Price-to-FCF is ranked better than
52.25% of 111 companies
in the Beverages - Alcoholic industry
Industry Median: 27.33 vs XKLS:3255: 23.43

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.

Heineken Malaysia Bhd's adjusted free cash flow per share data for the three months ended in Mar. 2024 was RM-0.367. 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 RM1.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heineken Malaysia Bhd Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Heineken 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.

Heineken Malaysia Bhd Cyclically Adjusted Price-to-FCF Chart

Heineken Malaysia Bhd Annual Data
Trend Jun13 Jun14 Jun15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 26.73 22.94 26.18 22.65

Heineken 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 25.61 25.65 24.02 22.65 22.77

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

For the Beverages - Brewers subindustry, Heineken 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.


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

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

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



Heineken 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.

Heineken 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
=23.70/1.02
=23.24

* 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.

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

For example, Heineken 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)
=-0.367/131.7762*131.7762
=-0.367

Current CPI (Mar. 2024) = 131.7762.

Heineken Malaysia Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.071 98.326 -0.095
201403 0.308 99.695 0.407
201406 0.244 100.560 0.320
201409 0.041 100.428 0.054
201412 0.241 99.070 0.321
201503 0.362 99.621 0.479
201506 0.206 100.684 0.270
201509 0.208 100.392 0.273
201512 0.079 99.792 0.104
201603 0.491 100.470 0.644
201609 0.000 101.861 0.000
201703 0.308 102.862 0.395
201706 0.227 103.349 0.289
201709 0.048 104.136 0.061
201712 0.346 104.011 0.438
201803 0.346 105.290 0.433
201806 0.198 106.317 0.245
201809 0.273 106.507 0.338
201812 0.065 105.998 0.081
201903 0.269 107.251 0.331
201906 0.277 108.070 0.338
201909 0.216 108.329 0.263
201912 0.240 108.420 0.292
202003 0.127 108.902 0.154
202006 -0.035 108.767 -0.042
202009 0.097 109.815 0.116
202012 0.356 109.897 0.427
202103 0.274 111.754 0.323
202106 0.467 114.631 0.537
202109 -0.552 115.734 -0.629
202112 0.590 117.630 0.661
202203 0.398 121.301 0.432
202206 0.062 125.017 0.065
202209 0.618 125.227 0.650
202212 -0.121 125.222 -0.127
202303 0.527 127.348 0.545
202306 -0.098 128.729 -0.100
202309 0.052 129.860 0.053
202312 0.992 129.419 1.010
202403 -0.367 131.776 -0.367

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.


Heineken Malaysia Bhd  (XKLS:3255) 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.


Heineken Malaysia Bhd Cyclically Adjusted Price-to-FCF Related Terms

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


Heineken Malaysia Bhd (XKLS:3255) Business Description

Traded in Other Exchanges
N/A
Address
Batu 9, Jalan Klang Lama, Sungei Way Brewery, Lot 1135, Petaling Jaya, SGR, MYS, 46000
Heineken Malaysia Bhd is engaged in the production, packaging, marketing and distribution of beverages, mainly alcoholic. The portfolio of the company includes various iconic brands such as The World-acclaimed iconic Asian beer - Tiger Beer, The crystal-cold filtered beer - Tiger Crystal, The New Zealand inspired cider - Apple Fox Cider, The premium Irish ale - Kilkenny, The real shandy - Anglia and others.

Heineken Malaysia Bhd (XKLS:3255) Headlines

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