Malpac Holdings Bhd (XKLS:4936) Cyclically Adjusted FCF per Share: RM-0.02 (As of Sep. 2025)

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:4936 Malpac Holdings Bhd XKLS:4936
25 GF Score
Price RM0.72
GF Value RM0.82
! 2 Warning Signs
View Full Analysis

What is Malpac Holdings Bhd Cyclically Adjusted FCF per Share?

Malpac Holdings Bhd XKLS:4936 25 Cyclically Adjusted FCF per Share is RM-0.02 as of Sep. 2025. GuruFocus rates XKLS:4936 with a GF Score™ of 25/100 and a GF Value™ of RM0.82. The stock has 2 warning signs 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.

Malpac Holdings Bhd's adjusted free cash flow per share for the three months ended in Sep. 2025 was RM0.001. 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 RM-0.02 for the trailing ten years ended in Sep. 2025.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 26.30% 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 Malpac Holdings Bhd was 26.30% per year. The lowest was 7.20% per year. And the median was 16.75% per year.

As of today (2026-07-21), Malpac Holdings Bhd's current stock price is RM0.72. Malpac Holdings Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2025 was RM-0.02. Malpac Holdings Bhd's Cyclically Adjusted Price-to-FCF of today is .


Malpac Holdings Bhd  (XKLS:4936) 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.


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.


Malpac Holdings Bhd Cyclically Adjusted FCF per Share Related Terms


Malpac Holdings Bhd Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Malpac Holdings 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.

Malpac Holdings Bhd Cyclically Adjusted FCF per Share Chart

Malpac Holdings Bhd Annual Data
Trend Dec14 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.05 -0.05 -0.04 -0.04 -0.02

Malpac Holdings Bhd Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 -0.03 -0.03 -0.03 -0.02 -0.02

XKLS:4936 vs BLK, BX, KKR: Cyclically Adjusted FCF per Share Comparison

For the Asset Management subindustry, Malpac Holdings 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.


Malpac Holdings Bhd Cyclically Adjusted Price-to-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Malpac Holdings Bhd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


XKLS:4936
25GF Score
Malpac Holdings Bhd XKLS:4936
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malpac Holdings 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, Malpac Holdings Bhd's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=0.001/324.8000*324.8000
=0.001

Current CPI (Sep. 2025) = 324.8000.

Malpac Holdings Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.012 238.638 -0.016
201509 -0.014 237.945 -0.019
201603 -0.056 238.132 -0.076
201609 -0.008 241.428 -0.011
201612 -0.009 241.432 -0.012
201703 -0.013 243.801 -0.017
201706 -0.021 244.955 -0.028
201709 -0.009 246.819 -0.012
201712 -0.012 246.524 -0.016
201803 -0.007 249.554 -0.009
201806 -0.010 251.989 -0.013
201809 -0.008 252.439 -0.010
201812 -0.007 251.233 -0.009
201903 -0.012 254.202 -0.015
201906 -0.014 256.143 -0.018
201909 -0.009 256.759 -0.011
201912 -0.004 256.974 -0.005
202003 -0.003 258.115 -0.004
202006 0.071 257.797 0.089
202009 0.022 260.280 0.027
202012 -0.015 260.474 -0.019
202103 -0.007 264.877 -0.009
202106 -0.099 271.696 -0.118
202109 -0.005 274.310 -0.006
202112 -0.007 278.802 -0.008
202203 -0.007 287.504 -0.008
202206 0.024 296.311 0.026
202209 -0.008 296.808 -0.009
202212 0.013 296.797 0.014
202303 -0.011 301.836 -0.012
202306 0.026 305.109 0.028
202309 -0.013 307.789 -0.014
202312 -0.010 306.746 -0.011
202403 -0.013 312.332 -0.014
202406 0.051 314.175 0.053
202409 -0.004 315.301 -0.004
202412 -0.008 315.605 -0.008
202503 -0.012 319.799 -0.012
202506 0.099 322.561 0.100
202509 0.001 324.800 0.001

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 RM-0.02 mean?
Malpac Holdings Bhd (XKLS:4936) has a Cyclically Adjusted FCF per Share of RM-0.02 as of Sep. 2025. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Malpac Holdings Bhd and its competitors.
Is Malpac Holdings Bhd's Cyclically Adjusted FCF per Share too high?
Malpac Holdings Bhd's current Cyclically Adjusted FCF per Share is RM-0.02. Overall, Malpac Holdings Bhd has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Malpac Holdings Bhd's Cyclically Adjusted FCF per Share compare to BLK and BX?
Malpac Holdings Bhd's Cyclically Adjusted FCF per Share of RM-0.02 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Cyclically Adjusted FCF per Share depends on the Asset Management 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 Malpac Holdings Bhd and its competitors. Malpac Holdings Bhd's current Cyclically Adjusted FCF per Share is RM-0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malpac Holdings Bhd stock overvalued right now?
Malpac Holdings Bhd (XKLS:4936) has a current Cyclically Adjusted FCF per Share of RM-0.02. The stock's GF Value™ is RM0.82, compared to a current price of RM0.72 — trading 12.2% below its estimated fair value. The current Cyclically Adjusted FCF per Share is RM-0.02. Malpac Holdings Bhd's overall GF Score™ is 25/100 with 2 warning signs 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 Malpac Holdings Bhd (XKLS:4936), the current Cyclically Adjusted FCF per Share is RM-0.02 as of Sep. 2025. 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 Malpac Holdings Bhd (XKLS:4936) Overvalued in 2026?

Based on GuruFocus' analysis, Malpac Holdings Bhd stock appears to be undervalued. The current stock price of RM0.72 is trading 12.2% below its estimated GF Value™ of RM0.82.

Key valuation signals for XKLS:4936:

  • Cyclically Adjusted FCF per Share: RM-0.02
  • GF Value™: RM0.82 vs. price of RM0.72 (12.2% below fair value)
  • GF Score™: 25/100 with 2 warning signs

No single metric tells the full story. See the XKLS:4936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Malpac Holdings Bhd Business Description

Address No. 23, Jalan Kong Sang, 2nd Floor, Seremban, NSN, MYS, 70000
Malpac Holdings Bhd is an investment holding company. Geographically, the company operates in two main geographical areas, namely Malaysia, and Japan. The majority of its revenue is generated from Malaysia.
25GF Score

Get the complete analysis for XKLS:4936

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

RM0.72
Price
RM0.82
GF Value