PT Budi Starch & Sweetener Tbk (ISX:BUDI) Cyclically Adjusted FCF per Share: Rp-7.78 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:BUDI PT Budi Starch & Sweetener Tbk ISX:BUDI
72 GF Score
Price Rp204.00
GF Value Rp217.95
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is PT Budi Starch & Sweetener Tbk Cyclically Adjusted FCF per Share?

PT Budi Starch & Sweetener Tbk ISX:BUDI -1.92% 72 Cyclically Adjusted FCF per Share is Rp-7.78 as of Mar. 2026. GuruFocus rates ISX:BUDI with a GF Score™ of 72/100 and a GF Value™ of Rp217.95 (Fairly Valued). The stock has 7 warning signs investors should review.

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.

PT Budi Starch & Sweetener Tbk's adjusted free cash flow per share for the three months ended in Mar. 2026 was Rp7.874. 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 Rp-7.78 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -34.60% 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 PT Budi Starch & Sweetener Tbk was -34.60% per year. The lowest was -34.60% per year. And the median was -34.60% per year.

As of today (2026-07-26), PT Budi Starch & Sweetener Tbk's current stock price is Rp204.00. PT Budi Starch & Sweetener Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was Rp-7.78. PT Budi Starch & Sweetener Tbk's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Budi Starch & Sweetener Tbk was 158.86. The lowest was 24.58. And the median was 82.94.


PT Budi Starch & Sweetener Tbk  (ISX:BUDI) 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 PT Budi Starch & Sweetener Tbk was 158.86. The lowest was 24.58. And the median was 82.94.


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.


PT Budi Starch & Sweetener Tbk Cyclically Adjusted FCF per Share Related Terms


PT Budi Starch & Sweetener Tbk Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for PT Budi Starch & Sweetener Tbk'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.

PT Budi Starch & Sweetener Tbk Cyclically Adjusted FCF per Share Chart

PT Budi Starch & Sweetener Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.37 -0.80 1.96 1.93 -1.95

PT Budi Starch & Sweetener Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -2.50 -2.09 3.98 -1.95 -7.78

ISX:BUDI vs KHC, GIS: Cyclically Adjusted FCF per Share Comparison

For the Packaged Foods subindustry, PT Budi Starch & Sweetener Tbk'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.


PT Budi Starch & Sweetener Tbk Cyclically Adjusted Price-to-FCF vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Budi Starch & Sweetener Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Budi Starch & Sweetener Tbk's Cyclically Adjusted Price-to-FCF falls into.


ISX:BUDI
72GF Score
PT Budi Starch & Sweetener Tbk ISX:BUDI
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Budi Starch & Sweetener Tbk 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, PT Budi Starch & Sweetener Tbk's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=7.874/136.5387*136.5387
=7.874

Current CPI (Mar. 2026) = 136.5387.

PT Budi Starch & Sweetener Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -13.752 103.212 -18.192
201609 2.542 104.142 3.333
201612 -0.906 105.222 -1.176
201703 -20.545 106.476 -26.346
201706 10.881 107.722 13.792
201709 12.079 108.020 15.268
201712 -13.733 109.017 -17.200
201803 9.472 110.097 11.747
201806 -7.005 111.085 -8.610
201809 3.411 111.135 4.191
201812 -33.364 112.430 -40.518
201903 15.392 112.829 18.627
201906 9.569 114.730 11.388
201909 -1.140 114.905 -1.355
201912 21.459 115.486 25.371
202003 16.670 116.252 19.579
202006 11.710 116.630 13.709
202009 9.540 116.397 11.191
202012 -9.583 117.318 -11.153
202103 2.145 117.840 2.485
202106 6.736 118.184 7.782
202109 21.048 118.262 24.301
202112 0.533 119.516 0.609
202203 -5.509 120.948 -6.219
202206 3.009 123.322 3.331
202209 13.222 125.298 14.408
202212 -28.185 126.098 -30.519
202303 -18.126 126.953 -19.495
202306 21.256 127.663 22.734
202309 19.667 128.151 20.954
202312 -2.401 129.395 -2.534
202403 -22.757 130.607 -23.791
202406 13.977 130.792 14.591
202409 9.089 130.361 9.520
202412 -84.108 131.432 -87.376
202503 -49.580 131.948 -51.305
202506 -6.622 133.241 -6.786
202509 2.130 133.819 2.173
202512 -4.096 135.271 -4.134
202603 7.874 136.539 7.874

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

What does a Cyclically Adjusted FCF per Share of Rp-7.78 mean?
PT Budi Starch & Sweetener Tbk (ISX:BUDI) has a Cyclically Adjusted FCF per Share of Rp-7.78 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on PT Budi Starch & Sweetener Tbk and its competitors.
Is PT Budi Starch & Sweetener Tbk's Cyclically Adjusted FCF per Share too high?
PT Budi Starch & Sweetener Tbk's current Cyclically Adjusted FCF per Share is Rp-7.78. Overall, PT Budi Starch & Sweetener Tbk has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Budi Starch & Sweetener Tbk's Cyclically Adjusted FCF per Share compare to KHC and GIS?
PT Budi Starch & Sweetener Tbk's Cyclically Adjusted FCF per Share of Rp-7.78 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Consumer Packaged Goods company?
A good Cyclically Adjusted FCF per Share depends on the Consumer Packaged Goods industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on PT Budi Starch & Sweetener Tbk and its competitors. PT Budi Starch & Sweetener Tbk's current Cyclically Adjusted FCF per Share is Rp-7.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Budi Starch & Sweetener Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Budi Starch & Sweetener Tbk (ISX:BUDI) is currently considered Fairly Valued. The stock's GF Value™ is Rp217.95, compared to a current price of Rp204.00 — trading 6.4% below its estimated fair value. The current Cyclically Adjusted FCF per Share is Rp-7.78. PT Budi Starch & Sweetener Tbk's overall GF Score™ is 72/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For PT Budi Starch & Sweetener Tbk (ISX:BUDI), the current Cyclically Adjusted FCF per Share is Rp-7.78 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PT Budi Starch & Sweetener Tbk (ISX:BUDI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Budi Starch & Sweetener Tbk stock appears to be undervalued. The current stock price of Rp204.00 is trading 6.4% below its estimated GF Value™ of Rp217.95. GuruFocus considers PT Budi Starch & Sweetener Tbk to be Fairly Valued.

Key valuation signals for ISX:BUDI:

  • Cyclically Adjusted FCF per Share: Rp-7.78
  • GF Value™: Rp217.95 vs. price of Rp204.00 (6.4% below fair value)
  • GF Score™: 72/100 with 7 warning signs

No single metric tells the full story. See the ISX:BUDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Budi Starch & Sweetener Tbk Business Description

Address Jalan H.R. Rasuna Said Kav. C-6, Wisma Budi, 8th - 9th Floor, Jakarta, IDN, 12940
PT Budi Starch & Sweetener Tbk, along with its subsidiaries, is engaged in offering cassava-based products and all derivative products produced from sweet potato, palm oil, copra, and other agricultural products. The company's operating segments are presented based on its products and include tapioca starch, sweeteners, sulfuric acid and others, and plastic packaging. The majority of its revenue is generated from the sale of tapioca starch. Geographically, the firm derives the majority of its revenue from the domestic market and also exports its products to other countries.
72GF Score

Get the complete analysis for ISX:BUDI

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp204.00
Price
Rp217.95
GF Value