GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tenaga Nasional Bhd (OTCPK:TNABY) » Definitions » Cyclically Adjusted Price-to-FCF

Tenaga Nasional Bhd (Tenaga Nasional Bhd) Cyclically Adjusted Price-to-FCF : 9.54 (As of Apr. 28, 2024)


View and export this data going back to . Start your Free Trial

What is Tenaga Nasional Bhd Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Tenaga Nasional Bhd's current share price is $9.83. Tenaga Nasional Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.03. Tenaga Nasional Bhd's Cyclically Adjusted Price-to-FCF for today is 9.54.

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

TNABY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.62   Med: 11.53   Max: 19.84
Current: 10.05

During the past years, Tenaga Nasional Bhd's highest Cyclically Adjusted Price-to-FCF was 19.84. The lowest was 8.62. And the median was 11.53.

TNABY's Cyclically Adjusted Price-to-FCF is ranked better than
71.79% of 234 companies
in the Utilities - Regulated industry
Industry Median: 16.865 vs TNABY: 10.05

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.

Tenaga Nasional Bhd's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.817. 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 $1.03 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tenaga Nasional Bhd Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tenaga Nasional 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.

Tenaga Nasional Bhd Cyclically Adjusted Price-to-FCF Chart

Tenaga Nasional Bhd Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 14.40 11.85 11.57 8.47

Tenaga Nasional Bhd 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 11.57 10.48 8.61 8.96 8.47

Competitive Comparison of Tenaga Nasional Bhd's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, Tenaga Nasional 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.


Tenaga Nasional Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tenaga Nasional Bhd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tenaga Nasional 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.

Tenaga Nasional Bhd's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.83/1.03
=9.54

* 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.

Tenaga Nasional Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Tenaga Nasional Bhd'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)
=0.817/129.4194*129.4194
=0.817

Current CPI (Dec. 2023) = 129.4194.

Tenaga Nasional Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201402 0.175 99.057 0.229
201405 0.258 100.373 0.333
201408 0.792 100.352 1.021
201411 0.617 99.635 0.801
201502 0.375 99.032 0.490
201505 -0.003 100.333 -0.004
201508 0.006 100.548 0.008
201511 0.024 100.135 0.031
201602 -0.016 100.040 -0.021
201605 0.304 101.355 0.388
201608 0.063 101.617 0.080
201611 0.087 101.829 0.111
201702 -0.174 102.779 -0.219
201705 0.130 103.256 0.163
201708 -0.032 103.587 -0.040
201711 -0.233 104.072 -0.290
201803 0.346 105.290 0.425
201806 -0.105 106.317 -0.128
201809 0.326 106.507 0.396
201812 0.071 105.998 0.087
201903 0.203 107.251 0.245
201906 0.314 108.070 0.376
201909 0.366 108.329 0.437
201912 0.592 108.420 0.707
202003 0.326 108.902 0.387
202006 0.198 108.767 0.236
202009 0.574 109.815 0.676
202012 0.343 109.897 0.404
202103 0.650 111.754 0.753
202106 0.268 114.631 0.303
202109 0.233 115.734 0.261
202112 -0.309 117.630 -0.340
202203 -0.091 121.301 -0.097
202206 -0.151 125.017 -0.156
202209 0.011 125.227 0.011
202212 0.351 125.222 0.363
202303 0.363 127.348 0.369
202306 1.527 128.729 1.535
202309 0.522 129.860 0.520
202312 0.817 129.419 0.817

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.


Tenaga Nasional Bhd  (OTCPK:TNABY) 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.


Tenaga Nasional Bhd Cyclically Adjusted Price-to-FCF Related Terms

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


Tenaga Nasional Bhd (Tenaga Nasional Bhd) Business Description

Traded in Other Exchanges
Address
No. 3, Jalan Bukit Pantai, Tingkat 16, Tower A, TNB Platinum, Pejabat Setiausaha Syarikat, Bangsar, Kuala Lumpur, SGR, MYS, 59100
Tenaga Nasional Bhd, or TNB, is the largest electric utility company in Malaysia. The company is involved in the generation, transmission, distribution, and sale of electricity. TNB segments its operations into a generation division, a transmission division, and a distribution division. The generation division encompasses the company's portfolio of thermal and hydroelectric power plants located throughout Malaysia. Through its subsidiaries, TNB also engages in other energy-related operations, such as the manufacturing of transformers and the providing of consulting services. The company primarily generates revenue through the sale of electricity in West Malaysia. Its customers are mainly commercial operations, domestic consumers, and large industrial entities.

Tenaga Nasional Bhd (Tenaga Nasional Bhd) Headlines

From GuruFocus