Sembcorplalah Power & Water CompanyOG (MUS:SSPW) Cyclically Adjusted FCF per Share: ر.ع0.04 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MUS:SSPW Sembcorp Salalah Power & Water Company SAOG MUS:SSPW
66 GF Score
Price ر.ع0.26
GF Value ر.ع0.11
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Sembcorplalah Power & Water CompanyOG Cyclically Adjusted FCF per Share?

Sembcorplalah Power & Water CompanyOG MUS:SSPW +0.79% 66 Cyclically Adjusted FCF per Share is ر.ع0.04 as of Mar. 2026. GuruFocus rates MUS:SSPW with a GF Score™ of 66/100 and a GF Value™ of ر.ع0.11 (Significantly Overvalued). The stock has 7 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.

Sembcorplalah Power & Water CompanyOG's adjusted free cash flow per share for the three months ended in Mar. 2026 was ر.ع0.010. 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 ر.ع0.04 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.10% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Sembcorplalah Power & Water CompanyOG was 10.10% per year. The lowest was 10.10% per year. And the median was 10.10% per year.

As of today (2026-07-19), Sembcorplalah Power & Water CompanyOG's current stock price is ر.ع0.256. Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ر.ع0.04. Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted Price-to-FCF of today is 6.40.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sembcorplalah Power & Water CompanyOG was 6.61. The lowest was 1.67. And the median was 2.72.


Sembcorplalah Power & Water CompanyOG  (MUS:SSPW) 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.

Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.256/0.04
=6.40

* 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 Sembcorplalah Power & Water CompanyOG was 6.61. The lowest was 1.67. And the median was 2.72.


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.


Sembcorplalah Power & Water CompanyOG Cyclically Adjusted FCF per Share Related Terms


Sembcorplalah Power & Water CompanyOG Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Sembcorplalah Power & Water CompanyOG'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.

Sembcorplalah Power & Water CompanyOG Cyclically Adjusted FCF per Share Chart

Sembcorplalah Power & Water CompanyOG 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 0.03 0.03 0.04 0.04

Sembcorplalah Power & Water CompanyOG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.04 0.04 0.04 0.04 0.04

MUS:SSPW vs CEG, VST, NRG: Cyclically Adjusted FCF per Share Comparison

For the Utilities - Independent Power Producers subindustry, Sembcorplalah Power & Water CompanyOG'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.


Sembcorplalah Power & Water CompanyOG Cyclically Adjusted Price-to-FCF vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted Price-to-FCF falls into.


MUS:SSPW
66GF Score
Sembcorp Salalah Power & Water Company SAOG MUS:SSPW
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sembcorplalah Power & Water CompanyOG 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, Sembcorplalah Power & Water CompanyOG's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.01/330.2130*330.2130
=0.010

Current CPI (Mar. 2026) = 330.2130.

Sembcorplalah Power & Water CompanyOG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.015 241.018 0.021
201609 0.006 241.428 0.008
201612 0.008 241.432 0.011
201703 0.011 243.801 0.015
201706 -0.001 244.955 -0.001
201709 0.010 246.819 0.013
201712 0.016 246.524 0.021
201803 0.000 249.554 0.000
201806 -0.002 251.989 -0.003
201809 0.018 252.439 0.024
201812 0.004 251.233 0.005
201903 0.010 254.202 0.013
201906 0.002 256.143 0.003
201909 0.011 256.759 0.014
201912 0.004 256.974 0.005
202003 0.007 258.115 0.009
202006 0.009 257.797 0.012
202009 0.012 260.280 0.015
202012 0.002 260.474 0.003
202103 0.011 264.877 0.014
202106 0.004 271.696 0.005
202109 0.015 274.310 0.018
202112 0.003 278.802 0.004
202203 0.007 287.504 0.008
202206 0.006 296.311 0.007
202209 0.011 296.808 0.012
202212 0.012 296.797 0.013
202303 0.004 301.836 0.004
202306 0.010 305.109 0.011
202309 0.009 307.789 0.010
202312 0.006 306.746 0.006
202403 0.008 312.332 0.008
202406 0.006 314.175 0.006
202409 0.013 315.301 0.014
202412 0.006 315.605 0.006
202503 0.011 319.799 0.011
202506 0.006 322.561 0.006
202509 0.011 324.800 0.011
202512 0.005 324.054 0.005
202603 0.010 330.213 0.010

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 ر.ع0.04 mean?
Sembcorplalah Power & Water CompanyOG (MUS:SSPW) has a Cyclically Adjusted FCF per Share of ر.ع0.04 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Sembcorplalah Power & Water CompanyOG and its competitors.
Is Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted FCF per Share too high?
Sembcorplalah Power & Water CompanyOG's current Cyclically Adjusted FCF per Share is ر.ع0.04. Overall, Sembcorplalah Power & Water CompanyOG has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted FCF per Share compare to CEG and VST?
Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted FCF per Share of ر.ع0.04 can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good Cyclically Adjusted FCF per Share depends on the Utilities - Independent Power Producers 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 Sembcorplalah Power & Water CompanyOG and its competitors. Sembcorplalah Power & Water CompanyOG's current Cyclically Adjusted FCF per Share is ر.ع0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sembcorplalah Power & Water CompanyOG stock overvalued right now?
Based on GuruFocus' analysis, Sembcorplalah Power & Water CompanyOG (MUS:SSPW) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.11, compared to a current price of ر.ع0.26 — trading 132.7% above its estimated fair value. The current Cyclically Adjusted FCF per Share is ر.ع0.04. Sembcorplalah Power & Water CompanyOG's overall GF Score™ is 66/100 with 7 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 Sembcorplalah Power & Water CompanyOG (MUS:SSPW), the current Cyclically Adjusted FCF per Share is ر.ع0.04 as of Mar. 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 Sembcorplalah Power & Water CompanyOG (MUS:SSPW) Overvalued in 2026?

Based on GuruFocus' analysis, Sembcorplalah Power & Water CompanyOG stock appears to be overvalued. The current stock price of ر.ع0.26 is trading 132.7% above its estimated GF Value™ of ر.ع0.11. GuruFocus considers Sembcorplalah Power & Water CompanyOG to be Significantly Overvalued.

Key valuation signals for MUS:SSPW:

  • Cyclically Adjusted FCF per Share: ر.ع0.04
  • GF Value™: ر.ع0.11 vs. price of ر.ع0.26 (132.7% above fair value)
  • GF Score™: 66/100 with 7 warning signs

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


Sembcorplalah Power & Water CompanyOG Business Description

Address PO Box 1466, Salalah, OMN, 211
Sembcorp Salalah Power & Water Company SAOG develops, owns, and operates an electricity generation and seawater desalination plant located between the towns of Taqah and Mirbat. The plant meets the growing power and water demands of the region over the short, medium, and long term. The company generates its revenues from PWPA with Oman Power & Water Procurement Company. Under the terms of the PWPA, the plant's contracted power and water capacity are sold exclusively to OPWP on a long-term take-or-pay basis.
66GF Score

Get the complete analysis for MUS:SSPW

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

ر.ع0.26
Price
ر.ع0.11
GF Value