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Net Holding AS (IST:NTHOL) Cyclically Adjusted FCF per Share : ₺0.80 (As of Dec. 2023)


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What is Net 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.

Net Holding AS's adjusted free cash flow per share for the three months ended in Dec. 2023 was ₺-0.287. 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 ₺0.80 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Net Holding AS's average Cyclically Adjusted FCF Growth Rate was 73.90% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Net Holding AS was 23.90% per year. The lowest was 23.90% per year. And the median was 23.90% per year.

As of today (2024-06-23), Net Holding AS's current stock price is ₺35.72. Net Holding AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₺0.80. Net Holding AS's Cyclically Adjusted Price-to-FCF of today is 44.65.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Net Holding AS was 44.65. The lowest was 19.71. And the median was 27.20.


Net Holding AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Net 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.

Net Holding AS Cyclically Adjusted FCF per Share Chart

Net Holding AS 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 -0.15 - -0.11 0.46 0.80

Net Holding AS 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 0.46 0.49 0.66 0.81 0.80

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

For the Travel Services subindustry, Net 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.


Net Holding AS's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Net Holding AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Net 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, Net Holding AS'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)
=-0.287/129.4194*129.4194
=-0.287

Current CPI (Dec. 2023) = 129.4194.

Net Holding AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.014 99.695 -0.018
201406 -0.105 100.560 -0.135
201409 0.057 100.428 0.073
201412 0.080 99.070 0.105
201503 0.077 99.621 0.100
201506 -0.177 100.684 -0.228
201509 -0.160 100.392 -0.206
201512 0.067 99.792 0.087
201603 0.030 100.470 0.039
201606 -0.309 101.688 -0.393
201609 -0.024 101.861 -0.030
201612 -0.035 101.863 -0.044
201703 0.168 102.862 0.211
201706 -0.144 103.349 -0.180
201709 0.172 104.136 0.214
201712 -0.077 104.011 -0.096
201803 -0.057 105.290 -0.070
201806 -0.377 106.317 -0.459
201809 -0.592 106.507 -0.719
201812 0.126 105.998 0.154
201903 -0.002 107.251 -0.002
201906 0.144 108.070 0.172
201909 0.971 108.329 1.160
201912 0.074 108.420 0.088
202003 -0.031 108.902 -0.037
202006 -1.178 108.767 -1.402
202009 -0.109 109.815 -0.128
202012 0.000 109.897 0.000
202103 -0.125 111.754 -0.145
202106 0.251 114.631 0.283
202109 0.603 115.734 0.674
202112 0.466 117.630 0.513
202203 -0.034 121.301 -0.036
202206 0.129 125.017 0.134
202209 0.504 125.227 0.521
202212 4.864 125.222 5.027
202303 0.359 127.348 0.365
202306 1.344 128.729 1.351
202309 1.164 129.860 1.160
202312 -0.287 129.419 -0.287

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


Net Holding AS  (IST:NTHOL) 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.

Net Holding AS's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=35.72/0.8
=44.65

* 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 Net Holding AS was 44.65. The lowest was 19.71. And the median was 27.20.


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.


Net Holding AS Cyclically Adjusted FCF per Share Related Terms

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


Net Holding AS (IST:NTHOL) Business Description

Traded in Other Exchanges
N/A
Address
Bade sokak. No. 9, Besiktas Etiler, Istanbul, TUR, 34337
Net Holding AS is a Turkey-based holding company which mainly provides tourism services. It manages its business through five reportable segments, namely, tourism, finance, publication, holding and others. As a tourism company, its major revenues come from the tourism segment. The tourism segment comprises of hotel and accommodation, touristic shopping, managing duty-free shops and car rentals. Through the publishing segment, the company publishes books and runs bookstores. The Holding segment refers to the company's business of managing its net group of companies and the other segment provides construction and agriculture-related services. The company's geographical segments are TRNC(Turkish Republic of Northern Cyprus), Croatia, Montenegro, Bulgaria, and Turkey.

Net Holding AS (IST:NTHOL) Headlines

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