PT Suparma Tbk (ISX:SPMA) Cyclically Adjusted FCF per Share: Rp99.05 (As of Jun. 2026)

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ISX:SPMA PT Suparma Tbk ISX:SPMA
80 GF Score
Price Rp164.00
GF Value Rp185.93
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is PT Suparma Tbk Cyclically Adjusted FCF per Share?

PT Suparma Tbk ISX:SPMA -1.20% 80 Cyclically Adjusted FCF per Share is Rp99.05 as of Jun. 2026. GuruFocus rates ISX:SPMA with a GF Score™ of 80/100 and a GF Value™ of Rp185.93 (Modestly Undervalued). The stock has 6 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 Suparma Tbk's adjusted free cash flow per share for the three months ended in Jun. 2026 was Rp58.923. 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 Rp99.05 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Suparma Tbk's average Cyclically Adjusted FCF Growth Rate was 12.60% 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 (2026-08-27), PT Suparma Tbk's current stock price is Rp164.00. PT Suparma Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was Rp99.05. PT Suparma Tbk's Cyclically Adjusted Price-to-FCF of today is 1.66.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Suparma Tbk was 4.09. The lowest was 1.61. And the median was 2.12.


PT Suparma Tbk  (ISX:SPMA) 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 Suparma Tbk's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=164.00/99.05
=1.66

* 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 Suparma Tbk was 4.09. The lowest was 1.61. And the median was 2.12.


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 Suparma Tbk Cyclically Adjusted FCF per Share Related Terms


PT Suparma Tbk Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for PT Suparma 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 Suparma Tbk Cyclically Adjusted FCF per Share Chart

PT Suparma 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 67.20 82.47 94.14

PT Suparma 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 87.95 90.87 94.14 93.51 99.05

ISX:SPMA vs SLVM: Cyclically Adjusted FCF per Share Comparison

For the Paper & Paper Products subindustry, PT Suparma 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 Suparma Tbk Cyclically Adjusted Price-to-FCF vs Forest Products Industry

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

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


ISX:SPMA
80GF Score
PT Suparma Tbk ISX:SPMA
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Suparma 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 Suparma Tbk's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=58.923/137.6954*137.6954
=58.923

Current CPI (Jun. 2026) = 137.6954.

PT Suparma Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 38.715 104.142 51.188
201612 -11.340 105.222 -14.840
201703 9.590 106.476 12.402
201706 11.238 107.722 14.365
201709 -15.051 108.020 -19.186
201712 12.302 109.017 15.538
201803 11.300 110.097 14.133
201806 -12.583 111.085 -15.597
201809 11.828 111.135 14.655
201812 21.968 112.430 26.905
201903 12.669 112.829 15.461
201906 -3.711 114.730 -4.454
201909 -6.910 114.905 -8.281
201912 -5.729 115.486 -6.831
202003 18.925 116.252 22.416
202006 -7.998 116.630 -9.443
202009 5.920 116.397 7.003
202012 103.236 117.318 121.167
202103 25.256 117.840 29.512
202106 29.450 118.184 34.312
202109 20.033 118.262 23.325
202112 43.763 119.516 50.420
202203 37.047 120.948 42.177
202206 40.657 123.322 45.395
202209 41.556 125.298 45.668
202212 42.482 126.098 46.389
202303 18.043 126.953 19.570
202306 24.858 127.663 26.811
202309 37.543 128.151 40.339
202312 42.427 129.395 45.149
202403 26.793 130.607 28.247
202406 25.974 130.792 27.345
202409 22.447 130.361 23.710
202412 50.299 131.432 52.696
202503 17.108 131.948 17.853
202506 19.964 133.241 20.631
202509 30.354 133.819 31.233
202512 33.586 135.271 34.188
202603 9.899 136.539 9.983
202606 58.923 137.695 58.923

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 Rp99.05 mean?
PT Suparma Tbk (ISX:SPMA) has a Cyclically Adjusted FCF per Share of Rp99.05 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 Suparma Tbk and its competitors.
Is PT Suparma Tbk's Cyclically Adjusted FCF per Share too high?
PT Suparma Tbk's current Cyclically Adjusted FCF per Share is Rp99.05. Overall, PT Suparma Tbk has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Suparma Tbk's Cyclically Adjusted FCF per Share compare to SLVM?
PT Suparma Tbk's Cyclically Adjusted FCF per Share of Rp99.05 can be compared against companies in the Forest Products 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 Forest Products company?
A good Cyclically Adjusted FCF per Share depends on the Forest Products 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 Suparma Tbk and its competitors. PT Suparma Tbk's current Cyclically Adjusted FCF per Share is Rp99.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Suparma Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Suparma Tbk (ISX:SPMA) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp185.93, compared to a current price of Rp164.00 — trading 11.8% below its estimated fair value. The current Cyclically Adjusted FCF per Share is Rp99.05. PT Suparma Tbk's overall GF Score™ is 80/100 with 6 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 Suparma Tbk (ISX:SPMA), the current Cyclically Adjusted FCF per Share is Rp99.05 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 Suparma Tbk (ISX:SPMA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Suparma Tbk stock appears to be undervalued. The current stock price of Rp164.00 is trading 11.8% below its estimated GF Value™ of Rp185.93. GuruFocus considers PT Suparma Tbk to be Modestly Undervalued.

Key valuation signals for ISX:SPMA:

  • Cyclically Adjusted FCF per Share: Rp99.05
  • GF Value™: Rp185.93 vs. price of Rp164.00 (11.8% below fair value)
  • GF Score™: 80/100 with 6 warning signs

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


PT Suparma Tbk Business Description

Address Jalan Raya Mastrip, No. 856 Warugunung, Karangpilang, East Java, Surabaya, IDN, 60221
PT Suparma Tbk is an Indonesia-based company that manufactures paper and paper products. The group manufactured paper and paper wrapping products for the industrial and consumer sectors. The firm offers Laminated Wrapping Kraft, Samson Kraft, MG Paper, Coated Duplex Board, Bathroom Tissue, Carrier Tissue, Industrial Roll Towel, Kitchen Towel, and Other products. Geographically, the firm generates the majority of its revenue from the local market.
80GF Score

Get the complete analysis for ISX:SPMA

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

Rp164.00
Price
Rp185.93
GF Value