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PT Multi Bintang Indonesia Tbk (ISX:MLBI) Cyclically Adjusted FCF per Share : Rp495.78 (As of Mar. 2024)


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What is PT Multi Bintang Indonesia 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 Multi Bintang Indonesia Tbk's adjusted free cash flow per share for the three months ended in Mar. 2024 was Rp243.071. 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 Rp495.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT Multi Bintang Indonesia Tbk's average Cyclically Adjusted FCF Growth Rate was 2.40% 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.

As of today (2024-06-20), PT Multi Bintang Indonesia Tbk's current stock price is Rp6075.00. PT Multi Bintang Indonesia Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was Rp495.78. PT Multi Bintang Indonesia Tbk's Cyclically Adjusted Price-to-FCF of today is 12.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Multi Bintang Indonesia Tbk was 23.43. The lowest was 12.25. And the median was 18.36.


PT Multi Bintang Indonesia Tbk Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PT Multi Bintang Indonesia 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 Multi Bintang Indonesia Tbk Cyclically Adjusted FCF per Share Chart

PT Multi Bintang Indonesia 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 - - 453.19 487.52 488.09

PT Multi Bintang Indonesia 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 483.95 468.71 477.99 488.09 495.78

Competitive Comparison of PT Multi Bintang Indonesia Tbk's Cyclically Adjusted FCF per Share

For the Beverages - Brewers subindustry, PT Multi Bintang Indonesia 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 Multi Bintang Indonesia Tbk's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, PT Multi Bintang Indonesia Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Multi Bintang Indonesia Tbk's Cyclically Adjusted Price-to-FCF falls into.



PT Multi Bintang Indonesia 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 Multi Bintang Indonesia 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)
=243.071/130.6070*130.6070
=243.071

Current CPI (Mar. 2024) = 130.6070.

PT Multi Bintang Indonesia Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 31.400 93.015 44.090
201409 -10.234 94.576 -14.133
201412 51.824 98.819 68.494
201503 87.838 98.388 116.603
201506 11.048 99.766 14.463
201509 102.080 101.037 131.956
201512 149.283 102.133 190.902
201603 156.871 102.764 199.374
201606 87.335 103.212 110.516
201609 151.507 104.142 190.008
201612 116.170 105.222 144.196
201703 232.527 106.476 285.226
201706 -14.576 107.722 -17.673
201709 170.338 108.020 205.955
201712 82.469 109.017 98.801
201803 220.604 110.097 261.702
201806 53.240 111.085 62.597
201809 125.608 111.135 147.616
201812 139.956 112.430 162.583
201903 213.713 112.829 247.388
201906 -20.066 114.730 -22.843
201909 187.031 114.905 212.590
201912 99.740 115.486 112.799
202003 237.916 116.252 267.294
202006 -213.994 116.630 -239.640
202009 109.970 116.397 123.396
202012 159.057 117.318 177.074
202103 192.263 117.840 213.093
202106 15.524 118.184 17.156
202109 46.790 118.262 51.674
202112 179.993 119.516 196.696
202203 170.207 120.948 183.800
202206 31.101 123.322 32.938
202209 156.975 125.298 163.626
202212 197.636 126.098 204.704
202303 57.368 126.953 59.019
202306 -53.288 127.663 -54.517
202309 192.529 128.151 196.218
202312 167.405 129.395 168.973
202403 243.071 130.607 243.071

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


PT Multi Bintang Indonesia Tbk  (ISX:MLBI) 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 Multi Bintang Indonesia Tbk's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=6075.00/495.78
=12.25

* 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 Multi Bintang Indonesia Tbk was 23.43. The lowest was 12.25. And the median was 18.36.


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 Multi Bintang Indonesia Tbk Cyclically Adjusted FCF per Share Related Terms

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


PT Multi Bintang Indonesia Tbk (ISX:MLBI) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Let. Jend TB Simatupang Kavling 22 - 26, 20th Floor, Talavera Office Park Building, Jakarta, IDN, 12430
PT Multi Bintang Indonesia Tbk is a beverage company. The firm is involved in the production, distribution, and sale of beer, including low-alcohol and alcohol-free beer products, cider and carbonated soft drinks. Its brands include Heineken, Bintang, Bintang Radler, Bintang Zero, and Greensands. The firm has a Beverage business segment and operates mainly in Indonesia.

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