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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.
Freedom Holding's adjusted free cash flow per share for the three months ended in Dec. 2024 was $-1.531. 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 $-3.30 for the trailing ten years ended in Dec. 2024.
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.
During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Freedom Holding was 38.80% per year. The lowest was -55.00% per year. And the median was 16.95% per year.
As of today (2025-05-15), Freedom Holding's current stock price is $169.35. Freedom Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was $-3.30. Freedom Holding's Cyclically Adjusted Price-to-FCF of today is .
During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Freedom Holding was 233.96. The lowest was 0.81. And the median was 4.94.
The historical data trend for Freedom Holding'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.
Freedom Holding Annual Data | |||||||||||||||||||||
Trend | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | |||||||||||
Cyclically Adjusted FCF per Share | Get a 7-Day Free Trial |
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2.96 | 2.49 | 0.34 | -1.72 | -4.05 |
Freedom Holding Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Cyclically Adjusted FCF per Share | Get a 7-Day Free Trial |
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-4.72 | -4.05 | -2.34 | -3.13 | -3.30 |
For the Financial Conglomerates subindustry, Freedom Holding'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.
For the Diversified Financial Services industry and Financial Services sector, Freedom Holding's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Freedom Holding's Cyclically Adjusted Price-to-FCF falls into.
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, Freedom Holding's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:
Adj_FreeCashFlowPerShare | = | Free Cash Flow per Share | / | CPI of Dec. 2024 (Change) | * | Current CPI (Dec. 2024) |
= | -1.531 | / | 133.1571 | * | 133.1571 | |
= | -1.531 |
Current CPI (Dec. 2024) = 133.1571.
Freedom Holding Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201503 | 0.000 | 99.621 | 0.000 |
201506 | 0.000 | 100.684 | 0.000 |
201509 | 0.000 | 100.392 | 0.000 |
201512 | -0.001 | 99.792 | -0.001 |
201603 | 0.000 | 100.470 | 0.000 |
201606 | 0.008 | 101.688 | 0.010 |
201609 | -0.007 | 101.861 | -0.009 |
201612 | -0.024 | 101.863 | -0.031 |
201703 | 0.040 | 102.862 | 0.052 |
201706 | 0.017 | 103.349 | 0.022 |
201709 | 0.387 | 104.136 | 0.495 |
201712 | -2.130 | 104.011 | -2.727 |
201803 | -0.480 | 105.290 | -0.607 |
201806 | 0.016 | 106.317 | 0.020 |
201809 | 0.700 | 106.507 | 0.875 |
201812 | 0.000 | 105.998 | 0.000 |
201903 | 0.205 | 107.251 | 0.255 |
201906 | 1.937 | 108.070 | 2.387 |
201909 | -0.896 | 108.329 | -1.101 |
201912 | 0.076 | 108.420 | 0.093 |
202003 | 0.275 | 108.902 | 0.336 |
202006 | 11.791 | 108.767 | 14.435 |
202009 | -6.745 | 109.815 | -8.179 |
202012 | 5.281 | 109.897 | 6.399 |
202103 | -1.294 | 111.754 | -1.542 |
202106 | -1.080 | 114.631 | -1.255 |
202109 | 1.384 | 115.734 | 1.592 |
202112 | -11.082 | 117.630 | -12.545 |
202203 | 3.859 | 121.301 | 4.236 |
202206 | -4.540 | 125.017 | -4.836 |
202209 | 3.824 | 125.227 | 4.066 |
202212 | -7.567 | 125.222 | -8.047 |
202303 | -8.363 | 127.348 | -8.744 |
202306 | -15.597 | 128.729 | -16.134 |
202309 | -7.527 | 129.860 | -7.718 |
202312 | -0.649 | 129.419 | -0.668 |
202403 | 5.012 | 131.776 | 5.065 |
202406 | 13.773 | 132.554 | 13.836 |
202409 | -7.401 | 133.029 | -7.408 |
202412 | -1.531 | 133.157 | -1.531 |
Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.
Freedom Holding (NAS:FRHC) 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.
During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Freedom Holding was 233.96. The lowest was 0.81. And the median was 4.94.
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.
Thank you for viewing the detailed overview of Freedom Holding's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Renat Tukanov | officer: CHIEF TECHNOLOGY OFFICER | "ESENTIA TOWER" BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040 |
Sergey Lukyanov | officer: *See Remarks | ESENTAI TOWER BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040 |
Evgeny Ler | officer: Chief Financial Officer | 202 DOSTYK AVE, 4TH FLOOR, ALMATY 1P 050051 |
Robert Wotczak | officer: CEO - Prime Executions | C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 5111 PEGASUS COURT, FREDERICK MD 21704 |
Liudmila Kiriaku | officer: VP of Compliance until 8/18/23 | CHIRSTAKI KRANOU 20 C TOWER 5TH FL, LIMASSOL G4 4041 |
Boris Cherdabayev | 10 percent owner, officer: Chief Operating Officer | C/O POULTON & YORDAN, 324 SOUTH 400 WEST SUITE 250, SALT LAKE CITY UT 84101 |
Amber Williams | director | 324 SOUTH 400 WEST, SUITE 250, SALT LAKE CITY UT 84101 |
Askar Tashtitov | officer: President | KURMANGAZY ST 31, APT 38, ALMATY 1P 050051 |
Arkady V Rakhilkin | director | AL-FARABI 17, NURLY TAU 4B, OFFICE 104, ALMATY 1P 050059 |
Timur R Turlov | director, 10 percent owner, officer: Chief Executive Officer | VLANSKIY PER. 14B, AP. 67, MOSCOW 1Z 101000 |
Toleush Tolmakov | 10 percent owner, officer: Vice President | 202 DOSTYK AVE., 4TH FLOOR, ALMATY 1P 050051 |
Daymon M. Smith | director | 352 E. 426 N., ALPINE UT 84004 |
Anuarbek Baimoldin | officer: Chief Operating Officer | 202 DOSTYK AVE. 4TH FLOOR, ALMATY 1P 050051 |
Jason M Kerr | director | 1038 SOUTH 750 EAST, KAYSVILLE UT 84037 |
Jsc Compass Asset Management | 10 percent owner | 240V FURMANOVA STREET, ALMATY 1P 050059 |
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