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Sime Darby Bhd (XKLS:4197) Cyclically Adjusted FCF per Share : RM0.28 (As of Mar. 2024)


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What is Sime Darby 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.

Sime Darby Bhd's adjusted free cash flow per share for the three months ended in Mar. 2024 was RM0.012. 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 RM0.28 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sime Darby Bhd's average Cyclically Adjusted FCF Growth Rate was -20.00% 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.

As of today (2024-06-11), Sime Darby Bhd's current stock price is RM2.65. Sime Darby Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was RM0.28. Sime Darby Bhd's Cyclically Adjusted Price-to-FCF of today is 9.46.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sime Darby Bhd was 10.54. The lowest was 5.71. And the median was 6.97.


Sime Darby Bhd Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sime Darby 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.

Sime Darby Bhd Cyclically Adjusted FCF per Share Chart

Sime Darby 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 0.28 0.32 0.34 - 0.32

Sime Darby 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 0.35 0.32 0.31 0.30 0.28

Competitive Comparison of Sime Darby Bhd's Cyclically Adjusted FCF per Share

For the Auto Manufacturers subindustry, Sime Darby 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.


Sime Darby Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sime Darby Bhd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Sime Darby 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, Sime Darby 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)
=0.012/131.7762*131.7762
=0.012

Current CPI (Mar. 2024) = 131.7762.

Sime Darby Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.088 100.560 0.115
201409 0.004 100.428 0.005
201412 0.023 99.070 0.031
201503 0.020 99.621 0.026
201506 0.151 100.684 0.198
201509 -0.026 100.392 -0.034
201512 -0.059 99.792 -0.078
201603 0.097 100.470 0.127
201606 0.397 101.688 0.514
201609 0.028 101.861 0.036
201612 0.050 101.863 0.065
201703 0.156 102.862 0.200
201706 0.424 103.349 0.541
201709 0.043 104.136 0.054
201712 0.058 104.011 0.073
201803 0.032 105.290 0.040
201806 -0.018 106.317 -0.022
201809 -0.024 106.507 -0.030
201812 0.016 105.998 0.020
201903 -0.022 107.251 -0.027
201906 0.175 108.070 0.213
201909 -0.020 108.329 -0.024
201912 0.102 108.420 0.124
202003 0.042 108.902 0.051
202006 0.242 108.767 0.293
202009 0.170 109.815 0.204
202012 0.058 109.897 0.070
202103 0.096 111.754 0.113
202106 0.018 114.631 0.021
202109 0.049 115.734 0.056
202112 0.020 117.630 0.022
202203 -0.039 121.301 -0.042
202206 0.000 125.017 0.000
202209 0.007 125.227 0.007
202212 -0.086 125.222 -0.091
202303 -0.023 127.348 -0.024
202306 0.136 128.729 0.139
202309 -0.115 129.860 -0.117
202312 -0.103 129.419 -0.105
202403 0.012 131.776 0.012

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


Sime Darby Bhd  (XKLS:4197) 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.

Sime Darby Bhd's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.65/0.28
=9.46

* 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 Sime Darby Bhd was 10.54. The lowest was 5.71. And the median was 6.97.


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.


Sime Darby Bhd Cyclically Adjusted FCF per Share Related Terms

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


Sime Darby Bhd (XKLS:4197) Business Description

Traded in Other Exchanges
Address
Jalan PJU 1A/2, Level 9, Menara Sime Darby, Oasis Corporate Park, Ara Damansara, Petaling Jaya, SGR, MYS, 47301
Sime Darby Bhd is a Malaysia-based investment holding company. It organizes itself into five segments, based on business type: motors, industrial, healthcare, and others. The Industrial segment sells, rents, and services equipment and engineering services; the Motors segment, the largest contributor to revenue, assembles sells and rents out vehicles and provides after-sales services; the Healthcare segment invests in the Ramsay Sime Darby Health Care Group, providers of healthcare services; and Others include insurance broking and other general investments. Sime Darby derives revenue from Malaysia, Greater China, Other Countries in Asia, and Australasia.

Sime Darby Bhd (XKLS:4197) Headlines

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