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Kervansaray Yatirim Holding AS (IST:KERVN) Cyclically Adjusted FCF per Share : ₺-0.13 (As of Sep. 2023)


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What is Kervansaray Yatirim Holding AS 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.

Kervansaray Yatirim Holding AS's adjusted free cash flow per share for the three months ended in Sep. 2023 was ₺-0.148. 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 ₺-0.13 for the trailing ten years ended in Sep. 2023.

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 (2024-05-22), Kervansaray Yatirim Holding AS's current stock price is ₺2.07. Kervansaray Yatirim Holding AS's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was ₺-0.13. Kervansaray Yatirim Holding AS's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kervansaray Yatirim Holding AS was 30.00. The lowest was 25.67. And the median was 27.50.


Kervansaray Yatirim Holding AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Kervansaray Yatirim Holding AS'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.

Kervansaray Yatirim Holding AS Cyclically Adjusted FCF per Share Chart

Kervansaray Yatirim Holding AS Annual Data
Trend Dec12 Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -0.08 -0.07 0.05

Kervansaray Yatirim Holding AS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -0.15 0.05 0.03 -0.14 -0.13

Competitive Comparison of Kervansaray Yatirim Holding AS's Cyclically Adjusted FCF per Share

For the Textile Manufacturing subindustry, Kervansaray Yatirim Holding AS'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.


Kervansaray Yatirim Holding AS's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kervansaray Yatirim Holding AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Kervansaray Yatirim Holding AS's Cyclically Adjusted Price-to-FCF falls into.



Kervansaray Yatirim Holding AS 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, Kervansaray Yatirim Holding AS's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-0.148/129.8595*129.8595
=-0.148

Current CPI (Sep. 2023) = 129.8595.

Kervansaray Yatirim Holding AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201203 0.048 96.783 0.064
201209 0.000 97.633 0.000
201212 0.000 96.871 0.000
201303 0.000 98.209 0.000
201306 -0.042 98.518 -0.055
201309 -0.463 98.790 -0.609
201312 -0.078 98.326 -0.103
201403 -0.043 99.695 -0.056
201406 0.008 100.560 0.010
201409 0.012 100.428 0.016
201412 0.068 99.070 0.089
201503 0.025 99.621 0.033
201612 0.000 101.863 0.000
201703 0.031 102.862 0.039
201706 -0.056 103.349 -0.070
201709 -0.034 104.136 -0.042
201712 0.014 104.011 0.017
201803 0.008 105.290 0.010
201806 0.000 106.317 0.000
201809 0.009 106.507 0.011
201812 -0.074 105.998 -0.091
201903 -0.034 107.251 -0.041
201906 -0.049 108.070 -0.059
201909 0.034 108.329 0.041
201912 0.184 108.420 0.220
202003 0.000 108.902 0.000
202006 0.000 108.767 0.000
202009 -0.001 109.815 -0.001
202012 -0.001 109.897 -0.001
202103 0.023 111.754 0.027
202106 0.017 114.631 0.019
202109 0.033 115.734 0.037
202112 0.032 117.630 0.035
202203 -0.352 121.301 -0.377
202206 -0.237 125.017 -0.246
202209 -0.053 125.227 -0.055
202212 1.641 125.222 1.702
202303 -0.140 127.348 -0.143
202306 -1.329 128.729 -1.341
202309 -0.148 129.860 -0.148

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


Kervansaray Yatirim Holding AS  (IST:KERVN) 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 Kervansaray Yatirim Holding AS was 30.00. The lowest was 25.67. And the median was 27.50.


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.


Kervansaray Yatirim Holding AS Cyclically Adjusted FCF per Share Related Terms

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Kervansaray Yatirim Holding AS (IST:KERVN) Business Description

Traded in Other Exchanges
N/A
Address
Fulya Mahallesi, Yesilcimen Sokak, No:12, Polat Tower, Kat:6, D:65, Sisli, Istanbul, TUR
Kervansaray Yatirim Holding AS is a manufacturer of ready-to-wear garments for men and women, such as graphic T-shirts, polo shirts & sweaters, as well as baby and children's clothing & cotton knitted outerwear.

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