Three-A Resources Bhd (XKLS:0012) Cyclically Adjusted FCF per Share: RM0.06 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:0012 Three-A Resources Bhd XKLS:0012
51 GF Score
Price RM0.69
GF Value RM0.66
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Three-A Resources Bhd Cyclically Adjusted FCF per Share?

Three-A Resources Bhd XKLS:0012 -0.72% 51 Cyclically Adjusted FCF per Share is RM0.06 as of Mar. 2026. GuruFocus rates XKLS:0012 with a GF Score™ of 51/100 and a GF Value™ of RM0.66 (Fairly Valued). 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.

Three-A Resources Bhd's adjusted free cash flow per share for the three months ended in Mar. 2026 was RM0.033. 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 RM0.06 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Three-A Resources Bhd's average Cyclically Adjusted FCF Growth Rate was 20.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.10% 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 Three-A Resources Bhd was 35.70% per year. The lowest was 0.00% per year. And the median was 14.50% per year.

As of today (2026-08-02), Three-A Resources Bhd's current stock price is RM0.69. Three-A Resources Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was RM0.06. Three-A Resources Bhd's Cyclically Adjusted Price-to-FCF of today is 11.50.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Three-A Resources Bhd was 47.00. The lowest was 10.82. And the median was 20.50.


Three-A Resources Bhd  (XKLS:0012) 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.

Three-A Resources Bhd's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.69/0.06
=11.50

* 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 Three-A Resources Bhd was 47.00. The lowest was 10.82. And the median was 20.50.


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.


Three-A Resources Bhd Cyclically Adjusted FCF per Share Related Terms


Three-A Resources Bhd Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Three-A Resources Bhd'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.

Three-A Resources Bhd Cyclically Adjusted FCF per Share Chart

Three-A Resources Bhd 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 0.05 0.04 0.05 0.05 0.06

Three-A Resources Bhd 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 0.05 0.05 0.06 0.06 0.06

XKLS:0012 vs KHC, GIS: Cyclically Adjusted FCF per Share Comparison

For the Packaged Foods subindustry, Three-A Resources Bhd'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.


Three-A Resources Bhd Cyclically Adjusted Price-to-FCF vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Three-A Resources Bhd's Cyclically Adjusted Price-to-FCF falls into.


XKLS:0012
51GF Score
Three-A Resources Bhd XKLS:0012
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Three-A Resources Bhd 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, Three-A Resources Bhd'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)
=0.033/330.2130*330.2130
=0.033

Current CPI (Mar. 2026) = 330.2130.

Three-A Resources Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.011 241.018 0.015
201609 0.042 241.428 0.057
201612 0.024 241.432 0.033
201703 0.020 243.801 0.027
201706 -0.040 244.955 -0.054
201709 0.038 246.819 0.051
201712 0.029 246.524 0.039
201803 -0.017 249.554 -0.022
201806 -0.032 251.989 -0.042
201809 0.014 252.439 0.018
201812 -0.022 251.233 -0.029
201903 0.015 254.202 0.019
201906 0.038 256.143 0.049
201909 0.039 256.759 0.050
201912 0.010 256.974 0.013
202003 0.046 258.115 0.059
202006 -0.079 257.797 -0.101
202009 0.018 260.280 0.023
202012 0.007 260.474 0.009
202103 -0.006 264.877 -0.007
202106 0.039 271.696 0.047
202109 0.061 274.310 0.073
202112 0.004 278.802 0.005
202203 -0.064 287.504 -0.074
202206 -0.055 296.311 -0.061
202209 0.024 296.808 0.027
202212 0.027 296.797 0.030
202303 0.014 301.836 0.015
202306 0.006 305.109 0.006
202309 0.075 307.789 0.080
202312 0.031 306.746 0.033
202403 0.020 312.332 0.021
202406 -0.013 314.175 -0.014
202409 0.039 315.301 0.041
202412 0.049 315.605 0.051
202503 0.008 319.799 0.008
202506 0.036 322.561 0.037
202509 0.069 324.800 0.070
202512 0.009 324.054 0.009
202603 0.033 330.213 0.033

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 RM0.06 mean?
Three-A Resources Bhd (XKLS:0012) has a Cyclically Adjusted FCF per Share of RM0.06 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 Three-A Resources Bhd and its competitors.
Is Three-A Resources Bhd's Cyclically Adjusted FCF per Share too high?
Three-A Resources Bhd's current Cyclically Adjusted FCF per Share is RM0.06. Overall, Three-A Resources Bhd has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Three-A Resources Bhd's Cyclically Adjusted FCF per Share compare to KHC and GIS?
Three-A Resources Bhd's Cyclically Adjusted FCF per Share of RM0.06 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted FCF per Share depends on the Consumer Packaged Goods 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 Three-A Resources Bhd and its competitors. Three-A Resources Bhd's current Cyclically Adjusted FCF per Share is RM0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Three-A Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, Three-A Resources Bhd (XKLS:0012) is currently considered Fairly Valued. The stock's GF Value™ is RM0.66, compared to a current price of RM0.69 — trading 4.5% above its estimated fair value. The current Cyclically Adjusted FCF per Share is RM0.06. Three-A Resources Bhd's overall GF Score™ is 51/100 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 Three-A Resources Bhd (XKLS:0012), the current Cyclically Adjusted FCF per Share is RM0.06 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 Three-A Resources Bhd (XKLS:0012) Overvalued in 2026?

Based on GuruFocus' analysis, Three-A Resources Bhd stock appears to be overvalued. The current stock price of RM0.69 is trading 4.5% above its estimated GF Value™ of RM0.66. GuruFocus considers Three-A Resources Bhd to be Fairly Valued.

Key valuation signals for XKLS:0012:

  • Cyclically Adjusted FCF per Share: RM0.06
  • GF Value™: RM0.66 vs. price of RM0.69 (4.5% above fair value)
  • GF Score™: 51/100 with 1 warning sign

No single metric tells the full story. See the XKLS:0012 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Three-A Resources Bhd Business Description

Address Jalan Industri U19, AL 308, Lot 590 & Lot 4196, Kampung Baru Sungai Buloh, Shah Alam, SGR, MYS, 40160
Three-A Resources Bhd is an investment holding company. Through its subsidiaries, it engages in food and beverage ingredients manufacturing. Its product portfolio includes Liquid Caramel, Caramel Colour, Fermented Vinegar, Distilled Vinegar, Rice Vinegar, Glucose Syrup, High Maltose Syrup, Liquid Maltodextrin, Soya Protein Sauce, Hydrolysed Vegetable Protein Sauce, Caramel Powder, Maltodextrin, and Golden Syrup. The group is focused only on manufacturing and sale of food and beverage ingredients in Malaysia. The company generates majority of its revenue from Malaysia followed by Singapore and Other foreign countries.
51GF Score

Get the complete analysis for XKLS:0012

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

RM0.69
Price
RM0.66
GF Value