Transnational (NSA:TRCNP) Cyclically Adjusted FCF per Share: ₦2.87 (As of Mar. 2026)

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NSA:TRCNP Transnational Corp PLC NSA:TRCNP
90 GF Score
Price ₦42.65
GF Value ₦72.29
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Transnational Cyclically Adjusted FCF per Share?

Transnational NSA:TRCNP 90 Cyclically Adjusted FCF per Share is ₦2.87 as of Mar. 2026. GuruFocus rates NSA:TRCNP with a GF Score™ of 90/100 and a GF Value™ of ₦72.29 (Significantly Undervalued). The stock has 3 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.

Transnational's adjusted free cash flow per share for the three months ended in Mar. 2026 was ₦1.064. 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 ₦2.87 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Transnational's average Cyclically Adjusted FCF Growth Rate was 80.50% 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 (2026-07-19), Transnational's current stock price is ₦42.65. Transnational's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ₦2.87. Transnational's Cyclically Adjusted Price-to-FCF of today is 14.86.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Transnational was 30.45. The lowest was 2.63. And the median was 17.82.


Transnational  (NSA:TRCNP) 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.

Transnational's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=42.65/2.87
=14.86

* 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 Transnational was 30.45. The lowest was 2.63. And the median was 17.82.


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.


Transnational Cyclically Adjusted FCF per Share Related Terms


Transnational Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Transnational'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.

Transnational Cyclically Adjusted FCF per Share Chart

Transnational 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 2.45 2.88 2.77

Transnational 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 1.59 2.20 2.53 2.77 2.87

NSA:TRCNP vs CEG, VST, NRG: Cyclically Adjusted FCF per Share Comparison

For the Utilities - Independent Power Producers subindustry, Transnational'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.


Transnational Cyclically Adjusted Price-to-FCF vs Utilities - Independent Power Producers Industry

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

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


NSA:TRCNP
90GF Score
Transnational Corp PLC NSA:TRCNP
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Transnational 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, Transnational'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)
=1.064/330.2130*330.2130
=1.064

Current CPI (Mar. 2026) = 330.2130.

Transnational Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.000 236.119 0.000
201506 0.000 238.638 0.000
201509 0.000 237.945 0.000
201512 0.000 236.525 0.000
201606 0.000 241.018 0.000
201612 0.000 241.432 0.000
201712 0.000 246.524 0.000
201803 0.000 249.554 0.000
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201812 0.000 251.233 0.000
201903 1.499 254.202 1.947
201906 0.394 256.143 0.508
201909 0.126 256.759 0.162
201912 -0.314 256.974 -0.403
202003 2.513 258.115 3.215
202006 -0.935 257.797 -1.198
202009 0.738 260.280 0.936
202012 0.201 260.474 0.255
202103 0.344 264.877 0.429
202106 1.456 271.696 1.770
202109 0.269 274.310 0.324
202112 -0.925 278.802 -1.096
202203 0.364 287.504 0.418
202206 -0.178 296.311 -0.198
202209 1.064 296.808 1.184
202212 0.666 296.797 0.741
202303 0.635 301.836 0.695
202306 0.459 305.109 0.497
202309 3.120 307.789 3.347
202312 -0.339 306.746 -0.365
202403 -1.197 312.332 -1.266
202406 1.471 314.175 1.546
202409 1.436 315.301 1.504
202412 2.985 315.605 3.123
202503 -7.587 319.799 -7.834
202506 4.284 322.561 4.386
202509 2.680 324.800 2.725
202512 2.360 324.054 2.405
202603 1.064 330.213 1.064

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 ₦2.87 mean?
Transnational (NSA:TRCNP) has a Cyclically Adjusted FCF per Share of ₦2.87 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 Transnational and its competitors.
Is Transnational's Cyclically Adjusted FCF per Share too high?
Transnational's current Cyclically Adjusted FCF per Share is ₦2.87. Overall, Transnational has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Transnational's Cyclically Adjusted FCF per Share compare to CEG and VST?
Transnational's Cyclically Adjusted FCF per Share of ₦2.87 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 Transnational and its competitors. Transnational's current Cyclically Adjusted FCF per Share is ₦2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transnational stock overvalued right now?
Based on GuruFocus' analysis, Transnational (NSA:TRCNP) is currently considered Significantly Undervalued. The stock's GF Value™ is ₦72.29, compared to a current price of ₦42.65 — trading 41% below its estimated fair value. The current Cyclically Adjusted FCF per Share is ₦2.87. Transnational's overall GF Score™ is 90/100 with 3 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 Transnational (NSA:TRCNP), the current Cyclically Adjusted FCF per Share is ₦2.87 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 Transnational (NSA:TRCNP) Overvalued in 2026?

Based on GuruFocus' analysis, Transnational stock appears to be undervalued. The current stock price of ₦42.65 is trading 41% below its estimated GF Value™ of ₦72.29. GuruFocus considers Transnational to be Significantly Undervalued.

Key valuation signals for NSA:TRCNP:

  • Cyclically Adjusted FCF per Share: ₦2.87
  • GF Value™: ₦72.29 vs. price of ₦42.65 (41% below fair value)
  • GF Score™: 90/100 with 3 warning signs

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


Transnational Business Description

Address 38b Glover Road, Transnational House, Ikoyi, Lagos, NGA
Transnational Corp PLC is a diversified conglomerate. Its business segments are Power, Oil and Gas, Hospitality, Corporate Centre, and Agro-allied. The group generates the majority of the revenue from the Power segment. In the Power segment, the company through its subsidiary, is engaged in the generation of electric power. The group provides hospitality services to the customers in the Hospitality segment. Oil and Gas segment includes exploration, refining, and marketing of petroleum products, and in the Agro-Allied segment, the group processes fruit concentrates from fruits. The Corporate Centre segment is the parent Company, Transnational Corporation of Nigeria Plc, and the other non-operational subsidiaries.
90GF Score

Get the complete analysis for NSA:TRCNP

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

₦42.65
Price
₦72.29
GF Value