Ginebran Miguel (PHS:GSMI) Cyclically Adjusted FCF per Share: ₱16.83 (As of Mar. 2026)


PHS:GSMI Ginebra San Miguel Inc PHS:GSMI
87 GF Score
Price ₱253.00
GF Value ₱296.53
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Ginebran Miguel Cyclically Adjusted FCF per Share?

Ginebran Miguel PHS:GSMI -3.80% 87 Cyclically Adjusted FCF per Share is ₱16.83 as of Mar. 2026. GuruFocus rates PHS:GSMI with a GF Score™ of 87/100 and a GF Value™ of ₱296.53 (Modestly Undervalued). The stock has 1 warning sign 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.

Ginebran Miguel's adjusted free cash flow per share for the three months ended in Mar. 2026 was ₱9.339. 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 ₱16.83 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ginebran Miguel's average Cyclically Adjusted FCF Growth Rate was 17.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 16.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 24.00% 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 Ginebran Miguel was 62.00% per year. The lowest was 16.30% per year. And the median was 40.40% per year.

As of today (2026-07-01), Ginebran Miguel's current stock price is ₱253.00. Ginebran Miguel's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ₱16.83. Ginebran Miguel's Cyclically Adjusted Price-to-FCF of today is 15.03.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ginebran Miguel was 25.87. The lowest was 6.13. And the median was 13.89.


Ginebran Miguel  (PHS:GSMI) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=253.00/16.83
=15.03

* 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 Ginebran Miguel was 25.87. The lowest was 6.13. And the median was 13.89.


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.


Ginebran Miguel Cyclically Adjusted FCF per Share Related Terms


Ginebran Miguel Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Ginebran Miguel'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.

Ginebran Miguel Cyclically Adjusted FCF per Share Chart

Ginebran Miguel 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 6.97 9.73 11.79 13.05 15.29

Ginebran Miguel 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 14.35 15.31 15.59 15.29 16.83

PHS:GSMI vs BF.B: Cyclically Adjusted FCF per Share Comparison

For the Beverages - Wineries & Distilleries subindustry, Ginebran Miguel'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.


Ginebran Miguel Cyclically Adjusted Price-to-FCF vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Ginebran Miguel's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


PHS:GSMI
87GF Score
Ginebra San Miguel Inc PHS:GSMI
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ginebran Miguel 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, Ginebran Miguel'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)
=9.339/330.2130*330.2130
=9.339

Current CPI (Mar. 2026) = 330.2130.

Ginebran Miguel Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 1.335 241.018 1.829
201609 1.381 241.428 1.889
201612 3.571 241.432 4.884
201703 0.905 243.801 1.226
201706 0.766 244.955 1.033
201709 2.617 246.819 3.501
201712 2.521 246.524 3.377
201803 4.316 249.554 5.711
201806 0.592 251.989 0.776
201809 3.111 252.439 4.069
201812 -0.422 251.233 -0.555
201903 8.565 254.202 11.126
201906 0.820 256.143 1.057
201909 1.431 256.759 1.840
201912 -4.130 256.974 -5.307
202003 5.111 258.115 6.539
202006 12.490 257.797 15.998
202009 2.789 260.280 3.538
202012 -3.947 260.474 -5.004
202103 8.627 264.877 10.755
202106 0.777 271.696 0.944
202109 5.172 274.310 6.226
202112 -7.933 278.802 -9.396
202203 16.619 287.504 19.088
202206 2.325 296.311 2.591
202209 6.288 296.808 6.996
202212 -3.344 296.797 -3.720
202303 14.718 301.836 16.102
202306 2.237 305.109 2.421
202309 2.787 307.789 2.990
202312 0.729 306.746 0.785
202403 15.046 312.332 15.907
202406 7.100 314.175 7.462
202409 2.401 315.301 2.515
202412 -6.563 315.605 -6.867
202503 11.122 319.799 11.484
202506 6.825 322.561 6.987
202509 5.352 324.800 5.441
202512 2.706 324.054 2.757
202603 9.339 330.213 9.339

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 ₱16.83 mean?
Ginebran Miguel (PHS:GSMI) has a Cyclically Adjusted FCF per Share of ₱16.83 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 Ginebran Miguel and its competitors.
Is Ginebran Miguel's Cyclically Adjusted FCF per Share too high?
Ginebran Miguel's current Cyclically Adjusted FCF per Share is ₱16.83. Overall, Ginebran Miguel has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ginebran Miguel's Cyclically Adjusted FCF per Share compare to BF.B?
Ginebran Miguel's Cyclically Adjusted FCF per Share of ₱16.83 can be compared against companies in the Beverages - Alcoholic 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 a Beverages - Alcoholic company?
A good Cyclically Adjusted FCF per Share depends on the Beverages - Alcoholic 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 Ginebran Miguel and its competitors. Ginebran Miguel's current Cyclically Adjusted FCF per Share is ₱16.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ginebran Miguel stock overvalued right now?
Based on GuruFocus' analysis, Ginebran Miguel (PHS:GSMI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱296.53, compared to a current price of ₱253.00 — trading 14.7% below its estimated fair value. The current Cyclically Adjusted FCF per Share is ₱16.83. Ginebran Miguel's overall GF Score™ is 87/100 with 1 warning sign 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 Ginebran Miguel (PHS:GSMI), the current Cyclically Adjusted FCF per Share is ₱16.83 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 Ginebran Miguel (PHS:GSMI) Overvalued in 2026?

Based on GuruFocus' analysis, Ginebran Miguel stock appears to be undervalued. The current stock price of ₱253.00 is trading 14.7% below its estimated GF Value™ of ₱296.53. GuruFocus considers Ginebran Miguel to be Modestly Undervalued.

Key valuation signals for PHS:GSMI:

  • Cyclically Adjusted FCF per Share: ₱16.83
  • GF Value™: ₱296.53 vs. price of ₱253.00 (14.7% below fair value)
  • GF Score™: 87/100 with 1 warning sign

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


Ginebran Miguel Business Description

Address St. Francis Street, Ortigas Center, 3rd and 6th Floor, San Miguel Properties Centre, Mandaluyong, PHL, 1550
Ginebra San Miguel Inc manufactures and sells alcoholic beverages in the Philippines. It offers alcoholic beverages, under the following brand names: Ginebra San Miguel gin, GSM Blue, GSM Blue Flavors, Ginebra San Miguel Premium Gin, Antonov Vodka, Primera Light Brandy, Vino Kulafu, and Antonov vodka.
87GF Score

Get the complete analysis for PHS:GSMI

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

₱253.00
Price
₱296.53
GF Value