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PT Indah Kiat Pulp & Paper Tbk (ISX:INKP) Cyclically Adjusted FCF per Share : Rp706.11 (As of Dec. 2023)


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What is PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk's adjusted free cash flow per share for the three months ended in Dec. 2023 was Rp203.204. 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 Rp706.11 for the trailing ten years ended in Dec. 2023.

During the past 12 months, PT Indah Kiat Pulp & Paper Tbk's average Cyclically Adjusted FCF Growth Rate was 13.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 24.50% 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 Indah Kiat Pulp & Paper Tbk was 30.40% per year. The lowest was 24.50% per year. And the median was 27.45% per year.

As of today (2024-05-15), PT Indah Kiat Pulp & Paper Tbk's current stock price is Rp9700.00. PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was Rp706.11. PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted Price-to-FCF of today is 13.74.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Indah Kiat Pulp & Paper Tbk was 54.79. The lowest was 10.18. And the median was 16.71.


PT Indah Kiat Pulp & Paper Tbk Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk Cyclically Adjusted FCF per Share Chart

PT Indah Kiat Pulp & Paper 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 280.30 366.31 473.10 621.90 706.11

PT Indah Kiat Pulp & Paper Tbk 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 621.90 677.47 689.95 696.70 706.11

Competitive Comparison of PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted FCF per Share

For the Paper & Paper Products subindustry, PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted Price-to-FCF falls into.



PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk'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)
=203.204/128.8650*128.8650
=203.204

Current CPI (Dec. 2023) = 128.8650.

PT Indah Kiat Pulp & Paper Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 138.489 92.483 192.969
201406 28.432 93.015 39.390
201409 -81.460 94.576 -110.994
201412 255.770 98.819 333.536
201503 152.484 98.388 199.719
201506 -45.284 99.766 -58.492
201509 -100.119 101.037 -127.695
201512 -635.861 102.133 -802.291
201603 362.231 102.764 454.234
201606 79.001 103.212 98.636
201609 200.079 104.142 247.576
201612 -344.381 105.222 -421.763
201703 437.505 106.476 529.501
201706 -5.015 107.722 -5.999
201709 303.266 108.020 361.787
201712 629.158 109.017 743.705
201803 173.820 110.097 203.452
201806 85.711 111.085 99.430
201809 0.928 111.135 1.076
201812 184.696 112.430 211.695
201903 264.229 112.829 301.784
201906 377.722 114.730 424.257
201909 437.779 114.905 490.967
201912 164.986 115.486 184.100
202003 543.619 116.252 602.599
202006 128.718 116.630 142.221
202009 555.354 116.397 614.844
202012 -137.392 117.318 -150.915
202103 -369.503 117.840 -404.074
202106 831.304 118.184 906.435
202109 566.749 118.262 617.564
202112 -315.544 119.516 -340.227
202203 224.935 120.948 239.658
202206 -204.274 123.324 -213.452
202209 212.681 125.300 218.732
202212 419.120 126.099 428.313
202303 464.641 126.954 471.635
202306 6.548 127.666 6.609
202309 126.692 128.155 127.394
202312 203.204 128.865 203.204

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


PT Indah Kiat Pulp & Paper Tbk  (ISX:INKP) 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 Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9700.00/706.11
=13.74

* 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 Indah Kiat Pulp & Paper Tbk was 54.79. The lowest was 10.18. And the median was 16.71.


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 Indah Kiat Pulp & Paper Tbk Cyclically Adjusted FCF per Share Related Terms

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


PT Indah Kiat Pulp & Paper Tbk (ISX:INKP) Business Description

Traded in Other Exchanges
Address
Jalan M.H. Thamrin No. 51, Gedung Sinar Mas Land Plaza, Tower 2, 9th Floor, Gondangdia, Mentang, Jakarta Pusat, Jakarta, IDN, 10350
PT Indah Kiat Pulp & Paper Tbk manufactures paper, pulp and packaging paper. The company's operating segment includes cultural paper and pulp and industrial paper and tissue products. Its cultural paper and pulp products segment consists of cultural paper and other related cultural paper products and pulp. The industrial paper products segment consists of linerboard, corrugating medium, corrugated shipping containers, and boxboard. Geographically, it derives a majority of revenue from Asia and also has a presence in Europe; America; Middle East; Africa, and Australia. It generates maximum revenue from the cultural paper and pulp segment.

PT Indah Kiat Pulp & Paper Tbk (ISX:INKP) Headlines

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