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Berjaya Assets Bhd (XKLS:3239) Cyclically Adjusted FCF per Share : RM0.02 (As of Mar. 2024)


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What is Berjaya Assets Bhd 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.

Berjaya Assets Bhd's adjusted free cash flow per share for the three months ended in Mar. 2024 was RM-0.001. 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 RM0.02 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 (2024-06-05), Berjaya Assets Bhd's current stock price is RM0.305. Berjaya Assets Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was RM0.02. Berjaya Assets Bhd's Cyclically Adjusted Price-to-FCF of today is 15.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Berjaya Assets Bhd was 22.00. The lowest was 8.83. And the median was 14.25.


Berjaya Assets Bhd Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Berjaya Assets 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.

* Premium members only.

Berjaya Assets Bhd Cyclically Adjusted FCF per Share Chart

Berjaya Assets Bhd Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.02 0.02 0.03

Berjaya Assets Bhd 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 0.02 0.03 0.03 0.02 0.02

Competitive Comparison of Berjaya Assets Bhd's Cyclically Adjusted FCF per Share

For the Conglomerates subindustry, Berjaya Assets 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.


Berjaya Assets Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

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

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



Berjaya Assets 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, Berjaya Assets Bhd'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)
=-0.001/131.7762*131.7762
=-0.001

Current CPI (Mar. 2024) = 131.7762.

Berjaya Assets Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.006 100.560 -0.008
201409 0.009 100.428 0.012
201412 0.008 99.070 0.011
201503 0.010 99.621 0.013
201506 0.014 100.684 0.018
201509 0.011 100.392 0.014
201512 0.011 99.792 0.015
201603 0.005 100.470 0.007
201606 0.008 101.688 0.010
201609 0.003 101.861 0.004
201612 0.009 101.863 0.012
201703 0.007 102.862 0.009
201706 0.005 103.349 0.006
201709 0.007 104.136 0.009
201712 0.003 104.011 0.004
201803 0.004 105.290 0.005
201806 -0.002 106.317 -0.002
201809 0.004 106.507 0.005
201812 0.010 105.998 0.012
201903 0.010 107.251 0.012
201906 0.004 108.070 0.005
201909 0.009 108.329 0.011
201912 0.007 108.420 0.009
202003 0.006 108.902 0.007
202006 -0.008 108.767 -0.010
202009 0.003 109.815 0.004
202012 0.000 109.897 0.000
202103 -0.002 111.754 -0.002
202106 0.006 114.631 0.007
202109 -0.003 115.734 -0.003
202112 0.000 117.630 0.000
202203 0.003 121.301 0.003
202206 0.008 125.017 0.008
202209 0.005 125.227 0.005
202212 0.003 125.222 0.003
202303 0.008 127.348 0.008
202306 0.002 128.729 0.002
202309 0.004 129.860 0.004
202312 0.004 129.419 0.004
202403 -0.001 131.776 -0.001

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


Berjaya Assets Bhd  (XKLS:3239) 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.

Berjaya Assets Bhd's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.305/0.02
=15.25

* 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 Berjaya Assets Bhd was 22.00. The lowest was 8.83. And the median was 14.25.


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.


Berjaya Assets Bhd Cyclically Adjusted FCF per Share Related Terms

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


Berjaya Assets Bhd (XKLS:3239) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Level 12, Berjaya Times Square, No. 1 Jalan Imbi, Kuala Lumpur, SGR, MYS, 55100
Berjaya Assets Bhd is an investment holding company. The company's business segments are gaming and related activities, Property development and property investment, and Recreation and others. Group operates various forecast lotteries in Sarawak, as well as provides lottery consultancy and related services. It is also involved in the investment and development of properties; operation of a hotel, theme park, and car park; management of a ferry terminal; and leasing of a theatre, as well as general trading and provision of commission agency services. Business activity of Berjaya is predominantly functioned through Malaysia. The company generates maximum revenue from Property development and property investment segment.

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