PT Mulia Boga Raya Tbk (ISX:KEJU) Cyclically Adjusted FCF per Share: Rp18.97 (As of Jun. 2026)

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ISX:KEJU PT Mulia Boga Raya Tbk ISX:KEJU
85 GF Score
Price Rp625.00
GF Value Rp644.38
Valuation Fairly Valued
! 4 Warning Signs
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What is PT Mulia Boga Raya Tbk Cyclically Adjusted FCF per Share?

PT Mulia Boga Raya Tbk ISX:KEJU +2.46% 85 Cyclically Adjusted FCF per Share is Rp18.97 as of Jun. 2026. GuruFocus rates ISX:KEJU with a GF Score™ of 85/100 and a GF Value™ of Rp644.38 (Fairly Valued). The stock has 4 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 Mulia Boga Raya Tbk's adjusted free cash flow per share data for the fiscal year that ended in Dec. 2025 was Rp7.809. 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 Rp18.97 for the trailing ten years ended in Dec. 2025.

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 (2026-09-02), PT Mulia Boga Raya Tbk's current stock price is Rp 625.00. PT Mulia Boga Raya Tbk's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec. 2025 was Rp18.97. PT Mulia Boga Raya Tbk's Cyclically Adjusted Price-to-FCF of today is 32.95.

During the past 10 years, the highest Cyclically Adjusted Price-to-FCF of PT Mulia Boga Raya Tbk was 34.79. The lowest was 28.73. And the median was 30.84.


PT Mulia Boga Raya Tbk  (ISX:KEJU) 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 Mulia Boga Raya Tbk's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=625.00/18.97
=32.95

* 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 10 years, the highest Cyclically Adjusted Price-to-FCF of PT Mulia Boga Raya Tbk was 34.79. The lowest was 28.73. And the median was 30.84.


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 Mulia Boga Raya Tbk Cyclically Adjusted FCF per Share Related Terms


PT Mulia Boga Raya Tbk Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for PT Mulia Boga Raya 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 Mulia Boga Raya Tbk Cyclically Adjusted FCF per Share Chart

PT Mulia Boga Raya 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 0.00 0.00 0.00 0.00 18.97

PT Mulia Boga Raya Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 18.97 0.00 0.00

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

For the Packaged Foods subindustry, PT Mulia Boga Raya 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 Mulia Boga Raya Tbk Cyclically Adjusted Price-to-FCF vs Consumer Packaged Goods Industry

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

* The bar in red indicates where PT Mulia Boga Raya Tbk's Cyclically Adjusted Price-to-FCF falls into.


ISX:KEJU
85GF Score
PT Mulia Boga Raya Tbk ISX:KEJU
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Mulia Boga Raya 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 Mulia Boga Raya Tbk's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=7.809/135.2711*135.2711
=7.809

Current CPI (Dec. 2025) = 135.2711.

PT Mulia Boga Raya Tbk Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201612 9.214 105.222 11.845
201712 18.270 109.017 22.670
201812 4.925 112.430 5.926
201912 39.324 115.486 46.061
202012 36.732 117.318 42.353
202112 10.091 119.516 11.421
202212 -3.522 126.098 -3.778
202312 6.229 129.395 6.512
202412 37.743 131.432 38.846
202512 7.809 135.271 7.809

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 Rp18.97 mean?
PT Mulia Boga Raya Tbk (ISX:KEJU) has a Cyclically Adjusted FCF per Share of Rp18.97 as of Jun. 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 Mulia Boga Raya Tbk and its competitors.
Is PT Mulia Boga Raya Tbk's Cyclically Adjusted FCF per Share too high?
PT Mulia Boga Raya Tbk's current Cyclically Adjusted FCF per Share is Rp18.97. Overall, PT Mulia Boga Raya Tbk has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Mulia Boga Raya Tbk's Cyclically Adjusted FCF per Share compare to KHC and GIS?
PT Mulia Boga Raya Tbk's Cyclically Adjusted FCF per Share of Rp18.97 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 Mulia Boga Raya Tbk and its competitors. PT Mulia Boga Raya Tbk's current Cyclically Adjusted FCF per Share is Rp18.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mulia Boga Raya Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mulia Boga Raya Tbk (ISX:KEJU) is currently considered Fairly Valued. The stock's GF Value™ is Rp644.38, compared to a current price of Rp625.00 — trading 3% below its estimated fair value. The current Cyclically Adjusted FCF per Share is Rp18.97. PT Mulia Boga Raya Tbk's overall GF Score™ is 85/100 with 4 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 Mulia Boga Raya Tbk (ISX:KEJU), the current Cyclically Adjusted FCF per Share is Rp18.97 as of Jun. 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 Mulia Boga Raya Tbk (ISX:KEJU) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mulia Boga Raya Tbk stock appears to be undervalued. The current stock price of Rp625.00 is trading 3% below its estimated GF Value™ of Rp644.38. GuruFocus considers PT Mulia Boga Raya Tbk to be Fairly Valued.

Key valuation signals for ISX:KEJU:

  • Cyclically Adjusted FCF per Share: Rp18.97
  • GF Value™: Rp644.38 vs. price of Rp625.00 (3% below fair value)
  • GF Score™: 85/100 with 4 warning signs

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


PT Mulia Boga Raya Tbk Business Description

Address Jl. Inti Raya II, Blok C.7 No. 5-A, Cibatu Cikarang Selatan, Bekasi, IDN, 11610
PT Mulia Boga Raya Tbk is a manufacturer and marketer of various types of cheese products. Its products portfolio includes Prochiz Premium Cheddar, Prochiz Cheddar Slice, Prochiz Gold Cheddar, Prochiz Gold Cheddar, Prochiz Spready, Prochiz Quick Melt, Prochiz Mayo, Prochiz Cheese Snack etc. Its product-based segment comprises of block cheese, sliced cheese and others out of which block cheese derive majority revenue.
85GF Score

Get the complete analysis for ISX:KEJU

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

Rp625.00
Price
Rp644.38
GF Value