GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Melstacorp plc (COL:MELS.N0000) » Definitions » Cyclically Adjusted FCF per Share

Melstacorp (COL:MELS.N0000) Cyclically Adjusted FCF per Share : රු4.91 (As of Dec. 2023)


View and export this data going back to 2016. Start your Free Trial

What is Melstacorp Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Melstacorp's adjusted free cash flow per share for the three months ended in Dec. 2023 was රු6.606. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is රු4.91 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Melstacorp's average Cyclically Adjusted FCF Growth Rate was 29.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2024-06-10), Melstacorp's current stock price is රු87.90. Melstacorp's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was රු4.91. Melstacorp's Cyclically Adjusted Price-to-FCF of today is 17.90.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Melstacorp was 48.87. The lowest was 9.22. And the median was 15.61.


Melstacorp Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Melstacorp's Cyclically Adjusted FCF per Share 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.

Melstacorp Cyclically Adjusted FCF per Share Chart

Melstacorp Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 3.30 4.35

Melstacorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 3.80 4.35 4.04 3.92 4.91

Competitive Comparison of Melstacorp's Cyclically Adjusted FCF per Share

For the Beverages - Wineries & Distilleries subindustry, Melstacorp'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.


Melstacorp's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

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

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



Melstacorp Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Melstacorp'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)
=6.606/129.4194*129.4194
=6.606

Current CPI (Dec. 2023) = 129.4194.

Melstacorp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.067 99.695 -1.385
201406 -0.122 100.560 -0.157
201409 1.865 100.428 2.403
201412 -4.955 99.070 -6.473
201503 -18.227 99.621 -23.679
201506 5.962 100.684 7.664
201509 3.867 100.392 4.985
201512 -2.375 99.792 -3.080
201603 0.704 100.470 0.907
201606 2.604 101.688 3.314
201609 2.835 101.861 3.602
201612 -1.855 101.863 -2.357
201703 0.383 102.862 0.482
201706 2.230 103.349 2.793
201709 0.360 104.136 0.447
201712 -1.102 104.011 -1.371
201803 0.538 105.290 0.661
201806 1.173 106.317 1.428
201809 0.571 106.507 0.694
201812 -0.251 105.998 -0.306
201903 -1.541 107.251 -1.860
201906 -0.943 108.070 -1.129
201909 -2.216 108.329 -2.647
201912 0.082 108.420 0.098
202003 -0.060 108.902 -0.071
202006 3.519 108.767 4.187
202009 3.240 109.815 3.818
202012 2.079 109.897 2.448
202103 2.610 111.754 3.023
202106 3.146 114.631 3.552
202109 2.527 115.734 2.826
202112 8.776 117.630 9.656
202203 17.714 121.301 18.900
202206 4.963 125.017 5.138
202209 -1.126 125.227 -1.164
202212 2.489 125.222 2.572
202303 5.827 127.348 5.922
202306 -1.111 128.729 -1.117
202309 -2.193 129.860 -2.186
202312 6.606 129.419 6.606

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Melstacorp  (COL:MELS.N0000) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Melstacorp's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=87.90/4.91
=17.90

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Melstacorp was 48.87. The lowest was 9.22. And the median was 15.61.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Melstacorp Cyclically Adjusted FCF per Share Related Terms

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


Melstacorp (COL:MELS.N0000) Business Description

Traded in Other Exchanges
N/A
Address
No.110, Norris Canal Road, Colombo, LKA, 10
Melstacorp plc is a Sri Lankan company that engages in the distillation, manufacture, and distribution of liquor products. It operates through business segments: Beverages, Plantations, Telecommunication, Financial Services, and Diversified. The Beverages segments cover distillation, manufacture, and distribution of liquor products; the Plantations segment involves in cultivation and processing of tea and rubber; the Telecommunication segment engages in providing voice, data, broadband, software, and networking solutions; the Financial Services segment offers a variety of financial solutions; and the Diversified segment includes power generation, logistics, and other activities. Melstacorp owns a range of wines and spirits such as Albert Bichot French wines, Chilean wines, and others.

Melstacorp (COL:MELS.N0000) Headlines

No Headlines