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PT Indofood Sukses Makmur Tbk (ISX:INDF) Cyclically Adjusted FCF per Share : Rp730.48 (As of Mar. 2024)


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What is PT Indofood Sukses Makmur Tbk 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.

PT Indofood Sukses Makmur Tbk's adjusted free cash flow per share for the three months ended in Mar. 2024 was Rp257.911. 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 Rp730.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT Indofood Sukses Makmur Tbk's average Cyclically Adjusted FCF Growth Rate was 29.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 26.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 25.90% 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 PT Indofood Sukses Makmur Tbk was 29.70% per year. The lowest was 6.60% per year. And the median was 18.90% per year.

As of today (2024-05-25), PT Indofood Sukses Makmur Tbk's current stock price is Rp6150.00. PT Indofood Sukses Makmur Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was Rp730.48. PT Indofood Sukses Makmur Tbk's Cyclically Adjusted Price-to-FCF of today is 8.42.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Indofood Sukses Makmur Tbk was 47.85. The lowest was 8.39. And the median was 21.42.


PT Indofood Sukses Makmur Tbk Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PT Indofood Sukses Makmur 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.

* Premium members only.

PT Indofood Sukses Makmur Tbk Cyclically Adjusted FCF per Share Chart

PT Indofood Sukses Makmur Tbk 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 314.38 348.57 436.07 528.17 704.49

PT Indofood Sukses Makmur Tbk 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 558.44 584.83 600.95 704.49 730.48

Competitive Comparison of PT Indofood Sukses Makmur Tbk's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, PT Indofood Sukses Makmur 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 Indofood Sukses Makmur Tbk's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Indofood Sukses Makmur Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Indofood Sukses Makmur Tbk's Cyclically Adjusted Price-to-FCF falls into.



PT Indofood Sukses Makmur 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 Indofood Sukses Makmur Tbk'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)
=257.911/130.6070*130.6070
=257.911

Current CPI (Mar. 2024) = 130.6070.

PT Indofood Sukses Makmur Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 42.135 93.015 59.164
201409 172.114 94.576 237.685
201412 134.739 98.819 178.081
201503 -108.041 98.388 -143.422
201506 209.778 99.766 274.627
201509 -147.576 101.037 -190.767
201512 -21.203 102.133 -27.114
201603 -115.271 102.764 -146.503
201606 62.480 103.212 79.063
201609 -118.117 104.142 -148.133
201612 618.918 105.222 768.234
201703 -122.334 106.476 -150.059
201706 24.853 107.722 30.133
201709 -153.828 108.020 -185.993
201712 204.242 109.017 244.691
201803 30.064 110.097 35.665
201806 188.422 111.085 221.536
201809 -311.476 111.135 -366.051
201812 -73.945 112.430 -85.900
201903 0.953 112.829 1.103
201906 333.028 114.730 379.114
201909 124.800 114.905 141.855
201912 530.546 115.486 600.013
202003 9.528 116.252 10.705
202006 434.995 116.630 487.126
202009 299.745 116.397 336.340
202012 310.714 117.318 345.909
202103 111.758 117.840 123.866
202106 277.804 118.184 307.006
202109 156.799 118.262 173.167
202112 582.055 119.516 636.069
202203 15.785 120.948 17.046
202206 233.013 123.322 246.777
202209 280.982 125.298 292.887
202212 568.707 126.098 589.044
202303 103.644 126.953 106.628
202306 305.760 127.663 312.811
202309 170.947 128.151 174.223
202312 1,070.226 129.395 1,080.253
202403 257.911 130.607 257.911

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


PT Indofood Sukses Makmur Tbk  (ISX:INDF) 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.

PT Indofood Sukses Makmur Tbk's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=6150.00/730.48
=8.42

* 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 PT Indofood Sukses Makmur Tbk was 47.85. The lowest was 8.39. And the median was 21.42.


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 Indofood Sukses Makmur Tbk Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of PT Indofood Sukses Makmur Tbk's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Indofood Sukses Makmur Tbk (ISX:INDF) Business Description

Traded in Other Exchanges
Address
Jalan Jend. Sudirman Kav 76-78, Sudirman Plaza, Indofood Tower, 27th Floor, Jakarta, IDN, 12910
PT Indofood Sukses Makmur Tbk is an Indonesian packaged food company. Its portfolio is diversified with operations in both raw materials and processed food. The company divides its operations into: Consumer branded products business Group, Bogasari Business Group, Agribusiness Group and Distribution Business Group. The consumer branded products segment produces a varied range of consumer-branded products such as noodles, dairy, snack foods, special foods, food seasonings, and beverages. Bogasari produces, packages, and ships wheat flour and pasta. The agribusiness operations are research, development, production, and marketing of branded cooking oils, margarine and shortening, processes rubber, sugar cane, and other crops. The Distribution segment distributes consumer products.

PT Indofood Sukses Makmur Tbk (ISX:INDF) Headlines