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RFM (PHS:RFM) Cyclically Adjusted FCF per Share : ₱0.44 (As of Mar. 2024)


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What is RFM 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.

RFM's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱-0.056. 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 ₱0.44 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.40% 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 RFM was 10.90% per year. The lowest was 5.00% per year. And the median was 10.30% per year.

As of today (2024-06-03), RFM's current stock price is ₱3.92. RFM's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱0.44. RFM's Cyclically Adjusted Price-to-FCF of today is 8.91.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of RFM was 16.58. The lowest was 6.59. And the median was 11.48.


RFM Cyclically Adjusted FCF per Share Historical Data

The historical data trend for RFM'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.

RFM Cyclically Adjusted FCF per Share Chart

RFM 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 0.38 0.45 0.47 0.44

RFM 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 0.44 0.44 0.43 0.44 0.44

Competitive Comparison of RFM's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, RFM'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.


RFM's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, RFM's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



RFM 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, RFM'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)
=-0.056/131.7762*131.7762
=-0.056

Current CPI (Mar. 2024) = 131.7762.

RFM Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.133 100.560 0.174
201409 -0.051 100.428 -0.067
201412 0.035 99.070 0.047
201503 0.163 99.621 0.216
201506 0.188 100.684 0.246
201509 0.183 100.392 0.240
201512 0.280 99.792 0.370
201603 -0.015 100.470 -0.020
201606 0.088 101.688 0.114
201609 0.121 101.861 0.157
201612 0.237 101.863 0.307
201703 0.079 102.862 0.101
201706 0.019 103.349 0.024
201709 -0.051 104.136 -0.065
201712 0.087 104.011 0.110
201803 0.105 105.290 0.131
201806 0.138 106.317 0.171
201809 -0.082 106.507 -0.101
201812 0.238 105.998 0.296
201903 -0.027 107.251 -0.033
201906 0.206 108.070 0.251
201909 -0.078 108.329 -0.095
201912 0.253 108.420 0.308
202003 0.118 108.902 0.143
202006 -0.051 108.767 -0.062
202009 0.121 109.815 0.145
202012 0.190 109.897 0.228
202103 0.171 111.754 0.202
202106 0.093 114.631 0.107
202109 0.124 115.734 0.141
202112 0.289 117.630 0.324
202203 -0.227 121.301 -0.247
202206 -0.142 125.017 -0.150
202209 -0.099 125.227 -0.104
202212 0.630 125.222 0.663
202303 -0.180 127.348 -0.186
202306 0.042 128.729 0.043
202309 -0.051 129.860 -0.052
202312 0.421 129.419 0.429
202403 -0.056 131.776 -0.056

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


RFM  (PHS:RFM) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.92/0.44
=8.91

* 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 RFM was 16.58. The lowest was 6.59. And the median was 11.48.


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.


RFM Cyclically Adjusted FCF per Share Related Terms

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


RFM (PHS:RFM) Business Description

Traded in Other Exchanges
N/A
Address
Pioneer Corner, Sheridan Streets, RFM Corporate Center, Metro Manila, Mandaluyong, PHL, 1550
RFM Corp is engaged in the food and beverage industry. Its activities include processing and manufacturing flour, bread, and flour-based products like pasta and cake mixes, sauces, milk, juice drinks, and ice cream. Its operating segment is the Institutional segment and the Consumer segment. It is also involved in non-food businesses, which include barging services (Rizal Lighterage Corporation) and leasing of commercial/office spaces. The majority of its revenue derives from the Consumer segment, which manufactures and sells ice cream, milk and juices, pasta products, and flour and rice-based mixes.

RFM (PHS:RFM) Headlines

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