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Kohat Cement Co (KAR:KOHC) Cyclically Adjusted FCF per Share : ₨10.13 (As of Mar. 2024)


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What is Kohat Cement Co 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.

Kohat Cement Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₨2.518. 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 ₨10.13 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kohat Cement Co's average Cyclically Adjusted FCF Growth Rate was 9.50% 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 (2024-06-09), Kohat Cement Co's current stock price is ₨214.20. Kohat Cement Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₨10.13. Kohat Cement Co's Cyclically Adjusted Price-to-FCF of today is 21.15.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kohat Cement Co was 38.56. The lowest was 11.50. And the median was 18.46.


Kohat Cement Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Kohat Cement Co'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.

Kohat Cement Co Cyclically Adjusted FCF per Share Chart

Kohat Cement Co 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 - - - 8.53 9.76

Kohat Cement Co 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 9.25 9.76 11.41 10.23 10.13

Competitive Comparison of Kohat Cement Co's Cyclically Adjusted FCF per Share

For the Building Materials subindustry, Kohat Cement Co'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.


Kohat Cement Co's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

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

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



Kohat Cement Co 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, Kohat Cement Co'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)
=2.518/131.7762*131.7762
=2.518

Current CPI (Mar. 2024) = 131.7762.

Kohat Cement Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 5.827 100.560 7.636
201409 3.041 100.428 3.990
201412 -4.285 99.070 -5.700
201503 3.192 99.621 4.222
201506 3.900 100.684 5.104
201509 1.719 100.392 2.256
201512 5.642 99.792 7.450
201603 6.332 100.470 8.305
201606 -1.728 101.688 -2.239
201609 7.119 101.861 9.210
201612 4.145 101.863 5.362
201703 2.151 102.862 2.756
201706 0.827 103.349 1.054
201709 5.176 104.136 6.550
201712 1.868 104.011 2.367
201803 2.218 105.290 2.776
201806 -2.134 106.317 -2.645
201809 -11.990 106.507 -14.835
201812 -21.714 105.998 -26.995
201903 -5.129 107.251 -6.302
201906 -2.284 108.070 -2.785
201909 -4.328 108.329 -5.265
201912 -8.150 108.420 -9.906
202003 -1.405 108.902 -1.700
202006 2.515 108.767 3.047
202009 4.484 109.815 5.381
202012 4.898 109.897 5.873
202103 9.721 111.754 11.463
202106 3.185 114.631 3.661
202109 8.249 115.734 9.392
202112 9.757 117.630 10.930
202203 13.036 121.301 14.162
202206 7.384 125.017 7.783
202209 7.291 125.227 7.672
202212 11.400 125.222 11.997
202303 -7.014 127.348 -7.258
202306 6.428 128.729 6.580
202309 20.411 129.860 20.712
202312 -3.200 129.419 -3.258
202403 2.518 131.776 2.518

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


Kohat Cement Co  (KAR:KOHC) 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.

Kohat Cement Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=214.20/10.13
=21.15

* 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 Kohat Cement Co was 38.56. The lowest was 11.50. And the median was 18.46.


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.


Kohat Cement Co Cyclically Adjusted FCF per Share Related Terms

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


Kohat Cement Co (KAR:KOHC) Business Description

Traded in Other Exchanges
N/A
Address
37-P, Gulberg - II, Lahore, PB, PAK
Kohat Cement Co Ltd is a cement manufacturing company in Pakistan. It primarily offers white and grey cement under Kohat cement and Kohat super white brand name respectively. Its products comprise of Grey Cement and White Cement. The business activity of the organization is operated through the geographical area of Pakistan and Afghanistan and most of the income is derived from the region of Pakistan.

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