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Middle East Specialized Cables Co (SAU:2370) Cyclically Adjusted FCF per Share : ﷼1.17 (As of Mar. 2024)


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What is Middle East Specialized Cables Co 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.

Middle East Specialized Cables Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ﷼-0.306. 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 ﷼1.17 for the trailing ten years ended in Mar. 2024.

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 (2024-06-18), Middle East Specialized Cables Co's current stock price is ﷼30.30. Middle East Specialized Cables Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ﷼1.17. Middle East Specialized Cables Co's Cyclically Adjusted Price-to-FCF of today is 25.90.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Middle East Specialized Cables Co was 29.19. The lowest was 13.91. And the median was 19.47.


Middle East Specialized Cables Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Middle East Specialized Cables Co'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.

Middle East Specialized Cables Co Cyclically Adjusted FCF per Share Chart

Middle East Specialized Cables Co 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 - - - - 1.16

Middle East Specialized Cables Co 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 - - 1.08 1.16 1.17

Competitive Comparison of Middle East Specialized Cables Co's Cyclically Adjusted FCF per Share

For the Electrical Equipment & Parts subindustry, Middle East Specialized Cables Co'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.


Middle East Specialized Cables Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Middle East Specialized Cables Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Middle East Specialized Cables Co's Cyclically Adjusted Price-to-FCF falls into.



Middle East Specialized Cables Co 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, Middle East Specialized Cables Co'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)
=-0.306/131.7762*131.7762
=-0.306

Current CPI (Mar. 2024) = 131.7762.

Middle East Specialized Cables Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 0.690 96.871 0.939
201312 0.000 98.326 0.000
201412 0.000 99.070 0.000
201503 1.081 99.621 1.430
201506 0.153 100.684 0.200
201509 0.438 100.392 0.575
201512 0.255 99.792 0.337
201603 0.900 100.470 1.180
201606 -0.029 101.688 -0.038
201609 -0.450 101.861 -0.582
201612 0.716 101.863 0.926
201703 0.869 102.862 1.113
201706 0.481 103.349 0.613
201709 -0.216 104.136 -0.273
201712 -0.222 104.011 -0.281
201803 0.198 105.290 0.248
201806 0.569 106.317 0.705
201809 0.218 106.507 0.270
201812 0.292 105.998 0.363
201903 0.403 107.251 0.495
201906 0.216 108.070 0.263
201909 -0.168 108.329 -0.204
201912 -0.063 108.420 -0.077
202003 -0.050 108.902 -0.061
202006 0.395 108.767 0.479
202009 0.020 109.815 0.024
202012 0.585 109.897 0.701
202103 1.887 111.754 2.225
202106 0.889 114.631 1.022
202109 -0.728 115.734 -0.829
202112 -0.770 117.630 -0.863
202203 -0.416 121.301 -0.452
202206 -0.308 125.017 -0.325
202209 -0.758 125.227 -0.798
202212 0.303 125.222 0.319
202303 0.154 127.348 0.159
202306 -0.584 128.729 -0.598
202309 1.146 129.860 1.163
202312 0.995 129.419 1.013
202403 -0.306 131.776 -0.306

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


Middle East Specialized Cables Co  (SAU:2370) 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.

Middle East Specialized Cables Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=30.30/1.17
=25.90

* 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 Middle East Specialized Cables Co was 29.19. The lowest was 13.91. And the median was 19.47.


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.


Middle East Specialized Cables Co Cyclically Adjusted FCF per Share Related Terms

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Middle East Specialized Cables Co (SAU:2370) Business Description

Traded in Other Exchanges
N/A
Address
Salahuddin Street, King Abdulaziz Sector, PO Box 60536, Riyadh, SAU, 11555
Middle East Specialized Cables Co is a company which is engaged in the production and sale of flexible electric, coaxial, rubber and nylon coated wires and cables, telephone cables for internal extensions, computer cables, safety and anti-fire wires and cables, and control and transmission of information cables. The company's products include instrumentation and process control cables, Building wire, power, and control cables (PVC), data and communication cable, Flexible cables, fire cables, irrigation cables, bare copper and PVCs. It operates its business in two geographic segments namely Saudi Arabia and Unites Arab Emirates (UAE). The majority of the company's revenue comes from Saudi Arabia.

Middle East Specialized Cables Co (SAU:2370) Headlines

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