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Makati Finance (PHS:MFIN) Cyclically Adjusted FCF per Share : ₱-0.03 (As of Dec. 2024)


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What is Makati Finance 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.

Makati Finance's adjusted free cash flow per share for the three months ended in Dec. 2024 was ₱-0.140. 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 ₱-0.03 for the trailing ten years ended in Dec. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 33.10% 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 Makati Finance was 47.20% per year. The lowest was 26.30% per year. And the median was 33.10% per year.

As of today (2025-05-10), Makati Finance's current stock price is ₱1.65. Makati Finance's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was ₱-0.03. Makati Finance's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Makati Finance was 158.87. The lowest was 139.01. And the median was 139.01.


Makati Finance Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Makati Finance'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.

Makati Finance Cyclically Adjusted FCF per Share Chart

Makati Finance Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.25 -0.10 -0.05 - -0.03

Makati Finance Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - 0.01 - -0.01 -0.03

Competitive Comparison of Makati Finance's Cyclically Adjusted FCF per Share

For the Credit Services subindustry, Makati Finance'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.


Makati Finance's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Makati Finance's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Makati Finance 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, Makati Finance's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.14/133.1571*133.1571
=-0.140

Current CPI (Dec. 2024) = 133.1571.

Makati Finance Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -0.012 99.621 -0.016
201506 -0.091 100.684 -0.120
201509 -0.130 100.392 -0.172
201512 -0.028 99.792 -0.037
201603 0.001 100.470 0.001
201606 -0.061 101.688 -0.080
201609 -0.044 101.861 -0.058
201612 0.237 101.863 0.310
201703 0.086 102.862 0.111
201706 0.241 103.349 0.311
201709 0.158 104.136 0.202
201712 -0.038 104.011 -0.049
201803 -0.025 105.290 -0.032
201806 -0.026 106.317 -0.033
201809 -0.158 106.507 -0.198
201812 -0.156 105.998 -0.196
201903 0.027 107.251 0.034
201906 -0.166 108.070 -0.205
201909 -0.431 108.329 -0.530
201912 -0.309 108.420 -0.380
202003 -0.171 108.902 -0.209
202006 0.130 108.767 0.159
202009 0.012 109.815 0.015
202012 0.230 109.897 0.279
202103 0.152 111.754 0.181
202106 0.135 114.631 0.157
202109 0.122 115.734 0.140
202112 0.107 117.630 0.121
202203 0.146 121.301 0.160
202206 0.077 125.017 0.082
202209 -0.124 125.227 -0.132
202212 0.180 125.222 0.191
202303 -0.052 127.348 -0.054
202306 -0.046 128.729 -0.048
202309 -0.115 129.860 -0.118
202312 0.037 129.419 0.038
202403 0.019 131.776 0.019
202406 -0.049 132.554 -0.049
202409 0.038 133.029 0.038
202412 -0.140 133.157 -0.140

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


Makati Finance  (PHS:MFIN) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Makati Finance was 158.87. The lowest was 139.01. And the median was 139.01.


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.


Makati Finance Cyclically Adjusted FCF per Share Related Terms

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


Makati Finance Business Description

Traded in Other Exchanges
N/A
Address
2301 Chino Roces Avenue, 3rd Floor Mazda Makati Building, Barangay Magallanes, Makati City, PHL, 1231
Makati Finance Corp provides financial services and advisory to its clients. The company's operations include sales and marketing, evaluation and approval of loan applications, and collection of loan accounts. The company derives revenues from the following main operating business segments of Rx Cashline Group; Business loans; MFC Factors Group; Motor Vehicles Financing Group and Others. The business loans division grants loans to finance business owners who wishes to expand its business or to start capital whereas the Motor Vehicles Financing Group grants loans to motorcycle buyers. The company's assets producing revenues are located in the Philippines.