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Benguet (PHS:BC) Cyclically Adjusted FCF per Share : ₱0.82 (As of Mar. 2024)


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What is Benguet 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.

Benguet's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱-0.098. 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 ₱0.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Benguet's average Cyclically Adjusted FCF Growth Rate was 7.90% 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 Benguet was 24.70% per year. The lowest was -46.60% per year. And the median was 13.30% per year.

As of today (2024-06-19), Benguet's current stock price is ₱4.18. Benguet's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱0.82. Benguet's Cyclically Adjusted Price-to-FCF of today is 5.10.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Benguet was 28.64. The lowest was 4.87. And the median was 6.63.


Benguet Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Benguet'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.

Benguet Cyclically Adjusted FCF per Share Chart

Benguet Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.35 -0.28 0.22 0.70 0.82

Benguet 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 0.76 0.74 0.78 0.82 0.82

Competitive Comparison of Benguet's Cyclically Adjusted FCF per Share

For the Gold subindustry, Benguet'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.


Benguet's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Benguet's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Benguet 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, Benguet'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)
=-0.098/131.7762*131.7762
=-0.098

Current CPI (Mar. 2024) = 131.7762.

Benguet Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.149 100.560 0.195
201409 -0.161 100.428 -0.211
201412 0.159 99.070 0.211
201503 0.551 99.621 0.729
201506 -0.338 100.684 -0.442
201509 -0.129 100.392 -0.169
201512 -0.193 99.792 -0.255
201603 0.010 100.470 0.013
201606 0.151 101.688 0.196
201609 -0.459 101.861 -0.594
201612 0.225 101.863 0.291
201703 -0.043 102.862 -0.055
201706 0.085 103.349 0.108
201709 0.159 104.136 0.201
201712 -0.254 104.011 -0.322
201803 -0.065 105.290 -0.081
201806 0.050 106.317 0.062
201809 -0.002 106.507 -0.002
201812 0.425 105.998 0.528
201903 -0.317 107.251 -0.389
201906 0.067 108.070 0.082
201909 -0.071 108.329 -0.086
201912 -0.203 108.420 -0.247
202003 0.122 108.902 0.148
202006 -0.077 108.767 -0.093
202009 -0.004 109.815 -0.005
202012 0.297 109.897 0.356
202103 1.000 111.754 1.179
202106 0.500 114.631 0.575
202109 1.115 115.734 1.270
202112 2.316 117.630 2.595
202203 1.072 121.301 1.165
202206 0.370 125.017 0.390
202209 -0.389 125.227 -0.409
202212 0.627 125.222 0.660
202303 0.777 127.348 0.804
202306 -0.496 128.729 -0.508
202309 0.246 129.860 0.250
202312 0.128 129.419 0.130
202403 -0.098 131.776 -0.098

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


Benguet  (PHS:BC) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.18/0.82
=5.10

* 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 Benguet was 28.64. The lowest was 4.87. And the median was 6.63.


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.


Benguet Cyclically Adjusted FCF per Share Related Terms

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


Benguet (PHS:BC) Business Description

Industry
Traded in Other Exchanges
Address
106 Paseo de Roxas, 7th Floor, Universal Re-Building, Makati, RIZ, PHL, 1226
Benguet Corp is engaged in gold, nickel, and other metallic and nonmetallic mineral production, exploration, research and development, and natural resource projects. The company operates through four segments namely Mining, Health services, Logistics, and Others. The Mining segment is engaged in exploration, nickel, and gold mining operations. Its Health services segment is engaged in the business of offering medical and clinical diagnostic examinations and health care services. The logistics segment is engaged in logistics services to the supply-chain requirements of various industries. Its Other segments are engaged in research, development, health services, and water projects. The majority of the revenue is generated from the Mining segment and geographically from the Philippines.