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Pan Asia Banking (COL:PABC.N0000) Cyclically Adjusted FCF per Share : රු6.11 (As of Mar. 2024)


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What is Pan Asia Banking 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.

Pan Asia Banking's adjusted free cash flow per share for the three months ended in Mar. 2024 was රු5.012. 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 රු6.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Pan Asia Banking's average Cyclically Adjusted FCF Growth Rate was 68.30% 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 (2024-05-26), Pan Asia Banking's current stock price is රු22.60. Pan Asia Banking's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was රු6.11. Pan Asia Banking's Cyclically Adjusted Price-to-FCF of today is 3.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Pan Asia Banking was 10.42. The lowest was 2.45. And the median was 3.73.


Pan Asia Banking Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Pan Asia Banking'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.

Pan Asia Banking Cyclically Adjusted FCF per Share Chart

Pan Asia Banking Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.66 3.39 5.79

Pan Asia Banking Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.63 3.80 5.19 5.79 6.11

Competitive Comparison of Pan Asia Banking's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Pan Asia Banking'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.


Pan Asia Banking's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Pan Asia Banking's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Pan Asia Banking 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, Pan Asia Banking'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)
=5.012/131.7762*131.7762
=5.012

Current CPI (Mar. 2024) = 131.7762.

Pan Asia Banking Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -10.906 100.560 -14.292
201409 2.121 100.428 2.783
201412 -2.970 99.070 -3.951
201503 3.422 99.621 4.527
201506 -0.933 100.684 -1.221
201509 2.075 100.392 2.724
201512 17.685 99.792 23.353
201603 3.485 100.470 4.571
201606 13.166 101.688 17.062
201609 1.998 101.861 2.585
201612 -0.300 101.863 -0.388
201703 -6.020 102.862 -7.712
201706 -11.852 103.349 -15.112
201709 -3.570 104.136 -4.518
201712 -2.420 104.011 -3.066
201803 9.035 105.290 11.308
201806 -1.719 106.317 -2.131
201809 13.492 106.507 16.693
201812 -19.252 105.998 -23.934
201903 -0.414 107.251 -0.509
201906 1.225 108.070 1.494
201909 6.785 108.329 8.254
201912 9.485 108.420 11.528
202003 0.218 108.902 0.264
202006 1.978 108.767 2.396
202009 -0.494 109.815 -0.593
202012 -0.442 109.897 -0.530
202103 3.465 111.754 4.086
202106 -6.549 114.631 -7.528
202109 1.379 115.734 1.570
202112 -1.765 117.630 -1.977
202203 2.412 121.301 2.620
202206 12.651 125.017 13.335
202209 4.682 125.227 4.927
202212 -1.841 125.222 -1.937
202303 4.340 127.348 4.491
202306 -1.160 128.729 -1.187
202309 6.215 129.860 6.307
202312 -0.184 129.419 -0.187
202403 5.012 131.776 5.012

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


Pan Asia Banking  (COL:PABC.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.

Pan Asia Banking's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=22.60/6.11
=3.70

* 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 Pan Asia Banking was 10.42. The lowest was 2.45. And the median was 3.73.


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.


Pan Asia Banking Cyclically Adjusted FCF per Share Related Terms

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


Pan Asia Banking (COL:PABC.N0000) Business Description

Traded in Other Exchanges
N/A
Address
No. 450, Galle Road, Colombo, LKA, 03
Pan Asia Banking Corp PLC operates as a bank which is engaged in providing banking products and services. It provides services including corporate banking, retail banking, and treasury functions. The business segments of the company are Corporate Banking which includes loans, overdrafts, other credit facilities, deposits, current accounts and other services offered to corporate customers; Retail and SME Banking, which includes loans, overdrafts, credit card facilities, deposits, current accounts and other services offered to retail customers; and Treasury and investment function includes trading function, financing and other central functions, use of derivative for risk management purpose, investment products, and services to institutional investors and intermediaries.

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