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PT PP Properti Tbk (ISX:PPRO) Cyclically Adjusted FCF per Share : Rp-11.48 (As of Mar. 2024)


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What is PT PP Properti 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 PP Properti Tbk's adjusted free cash flow per share for the three months ended in Mar. 2024 was Rp-6.818. 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-11.48 for the trailing ten years ended in Mar. 2024.

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 (2024-06-04), PT PP Properti Tbk's current stock price is Rp10.00. PT PP Properti Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was Rp-11.48. PT PP Properti Tbk's Cyclically Adjusted Price-to-FCF of today is .


PT PP Properti Tbk Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PT PP Properti 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.

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PT PP Properti Tbk Cyclically Adjusted FCF per Share Chart

PT PP Properti Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
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PT PP Properti 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 - - - - -11.48

Competitive Comparison of PT PP Properti Tbk's Cyclically Adjusted FCF per Share

For the Real Estate - Development subindustry, PT PP Properti 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 PP Properti Tbk's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT PP Properti Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PT PP Properti 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 PP Properti 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)
=-6.818/130.6070*130.6070
=-6.818

Current CPI (Mar. 2024) = 130.6070.

PT PP Properti Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 93.015 0.000
201409 -0.087 94.576 -0.120
201412 -1.121 98.819 -1.482
201503 -0.122 98.388 -0.162
201506 -1.452 99.766 -1.901
201509 -1.621 101.037 -2.095
201512 0.033 102.133 0.042
201603 -6.532 102.764 -8.302
201606 0.000 103.212 0.000
201609 -8.090 104.142 -10.146
201612 3.349 105.222 4.157
201703 -33.176 106.476 -40.695
201706 -3.932 107.722 -4.767
201709 -4.401 108.020 -5.321
201712 11.772 109.017 14.103
201803 -2.716 110.097 -3.222
201806 -9.076 111.085 -10.671
201809 9.006 111.135 10.584
201812 0.275 112.430 0.319
201903 -15.588 112.829 -18.044
201906 3.868 114.730 4.403
201909 -6.612 114.905 -7.516
201912 8.022 115.486 9.072
202003 -5.015 116.252 -5.634
202006 -2.004 116.630 -2.244
202009 -1.624 116.397 -1.822
202012 -3.970 117.318 -4.420
202103 -1.672 117.840 -1.853
202106 -3.196 118.184 -3.532
202109 1.608 118.262 1.776
202112 -1.128 119.516 -1.233
202203 -4.413 120.948 -4.765
202206 -5.408 123.322 -5.727
202209 0.000 125.298 0.000
202212 4.670 126.098 4.837
202303 -3.043 126.953 -3.131
202306 1.882 127.663 1.925
202309 -2.902 128.151 -2.958
202312 1.157 129.395 1.168
202403 -6.818 130.607 -6.818

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


PT PP Properti Tbk  (ISX:PPRO) 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.


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 PP Properti Tbk Cyclically Adjusted FCF per Share Related Terms

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


PT PP Properti Tbk (ISX:PPRO) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Jalan Letjend. TB. Simatupang No. 57, Plaza PP, 7th Floor, Pasar Rebo, Jakarta Timur, Jakarta, IDN, 13760
PP Properti TBK is an Indonesian property development company that specializes in developing residential, mall/entertainment, and hotel properties. PT PP Persero Tbk is the majority shareholder in PP Properti TBK and is PP Properti TBK's parent company with almost 65% of shares held. The Government of the Republic of Indonesia holds 51% of PT PP Persero TBK; therefore, it is the ultimate owner of PP Properti TBK.

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