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Attock Cement Pakistan (KAR:ACPL) Cyclically Adjusted FCF per Share : ₨-13.37 (As of Mar. 2024)


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What is Attock Cement Pakistan 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.

Attock Cement Pakistan's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₨-7.789. 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 ₨-13.37 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 (2024-06-14), Attock Cement Pakistan's current stock price is ₨103.30. Attock Cement Pakistan's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₨-13.37. Attock Cement Pakistan's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Attock Cement Pakistan was 143.96. The lowest was 75.64. And the median was 105.41.


Attock Cement Pakistan Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Attock Cement Pakistan'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.

Attock Cement Pakistan Cyclically Adjusted FCF per Share Chart

Attock Cement Pakistan Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - -3.18 -8.78

Attock Cement Pakistan 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 -4.70 -8.78 -11.24 -11.21 -13.37

Competitive Comparison of Attock Cement Pakistan's Cyclically Adjusted FCF per Share

For the Building Materials subindustry, Attock Cement Pakistan'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.


Attock Cement Pakistan's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Attock Cement Pakistan's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Attock Cement Pakistan's Cyclically Adjusted Price-to-FCF falls into.



Attock Cement Pakistan 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, Attock Cement Pakistan'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)
=-7.789/131.7762*131.7762
=-7.789

Current CPI (Mar. 2024) = 131.7762.

Attock Cement Pakistan Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.962 100.560 2.571
201409 -1.953 100.428 -2.563
201412 1.797 99.070 2.390
201503 10.857 99.621 14.361
201506 1.158 100.684 1.516
201509 -2.393 100.392 -3.141
201512 10.008 99.792 13.216
201603 4.030 100.470 5.286
201606 1.388 101.688 1.799
201609 -4.127 101.861 -5.339
201612 -24.170 101.863 -31.268
201703 -12.177 102.862 -15.600
201706 -5.906 103.349 -7.530
201709 1.455 104.136 1.841
201712 -5.985 104.011 -7.583
201803 2.737 105.290 3.426
201806 -12.054 106.317 -14.941
201809 -15.290 106.507 -18.918
201812 9.146 105.998 11.370
201903 7.269 107.251 8.931
201906 -5.314 108.070 -6.480
201909 1.507 108.329 1.833
201912 7.779 108.420 9.455
202003 6.149 108.902 7.441
202006 6.972 108.767 8.447
202009 1.082 109.815 1.298
202012 10.910 109.897 13.082
202103 7.165 111.754 8.449
202106 14.053 114.631 16.155
202109 -24.244 115.734 -27.604
202112 5.228 117.630 5.857
202203 -22.812 121.301 -24.782
202206 -19.441 125.017 -20.492
202209 -16.504 125.227 -17.367
202212 -10.224 125.222 -10.759
202303 10.538 127.348 10.904
202306 -41.485 128.729 -42.467
202309 -19.521 129.860 -19.809
202312 1.110 129.419 1.130
202403 -7.789 131.776 -7.789

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


Attock Cement Pakistan  (KAR:ACPL) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Attock Cement Pakistan was 143.96. The lowest was 75.64. And the median was 105.41.


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.


Attock Cement Pakistan Cyclically Adjusted FCF per Share Related Terms

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


Attock Cement Pakistan (KAR:ACPL) Business Description

Traded in Other Exchanges
N/A
Address
Kehkashan-5, D-70, Block-4, Clifton, Karachi, SD, PAK, 75600
Attock Cement Pakistan Ltd is engaged in the business of producing and marketing of cement. Its product offering includes Falcon Ordinary Portland cement, Falcon Sulphate resistant cement, Falcon Rock Cement, and Falcon Block cement.

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