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SMGBF (San Miguel) Cyclically Adjusted FCF per Share : $-0.14 (As of Dec. 2024)


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What is San Miguel 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.

San Miguel's adjusted free cash flow per share for the three months ended in Dec. 2024 was $-0.185. 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 $-0.14 for the trailing ten years ended in Dec. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -76.30% 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 San Miguel was 31.20% per year. The lowest was -76.30% per year. And the median was -36.50% per year.

As of today (2025-05-14), San Miguel's current stock price is $1.45. San Miguel's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was $-0.14. San Miguel's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of San Miguel was 195.57. The lowest was 20.65. And the median was 45.08.


San Miguel Cyclically Adjusted FCF per Share Historical Data

The historical data trend for San 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.

* Premium members only.

San Miguel Cyclically Adjusted FCF per Share Chart

San Miguel 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 0.02 -0.03 -0.10 -0.13 -0.14

San Miguel 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 -0.13 -0.12 -0.12 -0.14 -0.14

Competitive Comparison of San Miguel's Cyclically Adjusted FCF per Share

For the Conglomerates subindustry, San 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.


San Miguel's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, San Miguel's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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San 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, San Miguel'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)
=-0.185/133.1571*133.1571
=-0.185

Current CPI (Dec. 2024) = 133.1571.

San Miguel Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -0.029 99.621 -0.039
201506 -0.074 100.684 -0.098
201509 0.037 100.392 0.049
201512 0.106 99.792 0.141
201603 0.122 100.470 0.162
201606 -0.033 101.688 -0.043
201609 0.041 101.861 0.054
201612 0.160 101.863 0.209
201703 0.096 102.862 0.124
201706 0.132 103.349 0.170
201709 0.097 104.136 0.124
201712 -0.046 104.011 -0.059
201803 0.064 105.290 0.081
201806 -0.029 106.317 -0.036
201809 0.027 106.507 0.034
201812 0.031 105.998 0.039
201903 0.165 107.251 0.205
201906 -0.015 108.070 -0.018
201909 -0.035 108.329 -0.043
201912 -0.034 108.420 -0.042
202003 -0.154 108.902 -0.188
202006 0.000 108.767 0.000
202009 -0.109 109.815 -0.132
202012 0.081 109.897 0.098
202103 0.196 111.754 0.234
202106 -0.163 114.631 -0.189
202109 -0.071 115.734 -0.082
202112 -0.339 117.630 -0.384
202203 -0.008 121.301 -0.009
202206 -0.184 125.017 -0.196
202209 -0.414 125.227 -0.440
202212 -0.570 125.222 -0.606
202303 0.132 127.348 0.138
202306 -0.049 128.729 -0.051
202309 -0.256 129.860 -0.263
202312 -0.231 129.419 -0.238
202403 0.083 131.776 0.084
202406 -0.076 132.554 -0.076
202409 0.038 133.029 0.038
202412 -0.185 133.157 -0.185

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


San Miguel  (OTCPK:SMGBF) 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 San Miguel was 195.57. The lowest was 20.65. And the median was 45.08.


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.


San Miguel Cyclically Adjusted FCF per Share Related Terms

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


San Miguel Business Description

Industry
Address
No. 40 San Miguel Avenue, Metro Manila, P.O. Box 271, Manila Central Post Office, Mandaluyong, PHL, 1550
San Miguel Corp is a holding company based in the Philippines. The company's operating segments include Food and Beverage; Packaging; Energy; Fuel and Oil; Infrastructure; Cement; and Real Estate & Others. The company generates a majority of its revenue from the Fuel and Oil segments. The Fuel and Oil segment is engaged in refining crude oil and marketing and distribution of refined petroleum products.

San Miguel Headlines

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