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Hiap Teck Venture Bhd (XKLS:5072) Cyclically Adjusted FCF per Share : RM0.02 (As of Jan. 2024)


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What is Hiap Teck Venture 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.

Hiap Teck Venture Bhd's adjusted free cash flow per share for the three months ended in Jan. 2024 was RM-0.009. 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 Jan. 2024.

During the past 12 months, Hiap Teck Venture Bhd's average Cyclically Adjusted FCF Growth Rate was -60.00% 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 (2024-05-26), Hiap Teck Venture Bhd's current stock price is RM0.42. Hiap Teck Venture Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was RM0.02. Hiap Teck Venture Bhd's Cyclically Adjusted Price-to-FCF of today is 21.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hiap Teck Venture Bhd was 21.00. The lowest was 4.20. And the median was 7.67.


Hiap Teck Venture Bhd Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hiap Teck Venture 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.

Hiap Teck Venture Bhd Cyclically Adjusted FCF per Share Chart

Hiap Teck Venture Bhd Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.06 0.05 0.05

Hiap Teck Venture Bhd Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.05 0.03 0.02

Competitive Comparison of Hiap Teck Venture Bhd's Cyclically Adjusted FCF per Share

For the Steel subindustry, Hiap Teck Venture 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.


Hiap Teck Venture Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hiap Teck Venture Bhd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hiap Teck Venture Bhd's Cyclically Adjusted Price-to-FCF falls into.



Hiap Teck Venture 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, Hiap Teck Venture Bhd's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=-0.009/130.1244*130.1244
=-0.009

Current CPI (Jan. 2024) = 130.1244.

Hiap Teck Venture Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.041 100.023 -0.053
201407 0.047 100.520 0.061
201410 -0.051 100.176 -0.066
201501 -0.040 98.604 -0.053
201504 0.009 99.824 0.012
201507 0.175 100.691 0.226
201510 -0.075 100.346 -0.097
201601 0.107 99.957 0.139
201604 0.053 100.947 0.068
201607 0.004 101.524 0.005
201610 -0.039 101.988 -0.050
201701 0.011 102.456 0.014
201704 0.034 103.167 0.043
201707 0.014 103.278 0.018
201710 -0.020 104.070 -0.025
201801 0.001 104.578 0.001
201804 0.016 105.708 0.020
201807 -0.085 106.324 -0.104
201810 -0.022 106.695 -0.027
201901 0.131 106.200 0.161
201904 0.053 107.818 0.064
201907 -0.074 108.250 -0.089
201910 0.052 108.577 0.062
202001 0.032 108.841 0.038
202004 0.003 108.173 0.004
202007 -0.005 109.318 -0.006
202010 0.004 109.861 0.005
202101 -0.013 110.364 -0.015
202104 0.063 112.673 0.073
202107 -0.042 115.183 -0.047
202110 -0.018 116.696 -0.020
202201 0.042 118.619 0.046
202204 -0.011 121.978 -0.012
202207 -0.132 125.002 -0.137
202210 0.038 125.734 0.039
202301 0.041 126.223 0.042
202304 -0.052 127.992 -0.053
202307 0.006 128.974 0.006
202310 -0.038 129.810 -0.038
202401 -0.009 130.124 -0.009

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


Hiap Teck Venture Bhd  (XKLS:5072) 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.

Hiap Teck Venture Bhd's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.42/0.02
=21.00

* 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 Hiap Teck Venture Bhd was 21.00. The lowest was 4.20. And the median was 7.67.


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.


Hiap Teck Venture Bhd Cyclically Adjusted FCF per Share Related Terms

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


Hiap Teck Venture Bhd (XKLS:5072) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Lot 6096, Jalan Haji Abdul Manan, Batu 5 1/2, Off Jalan Meru, Klang, SGR, MYS, 41050
Hiap Teck Venture Bhd is a Malaysia-based company. It has five segments. The Trading segment is involved in importing, exporting, general dealing, and leasing of steel products, hardware, and building materials; the Manufacturing segment is involved in manufacturing, selling, and renting pipes, hollow sections, scaffolding equipment, and other steel products; the Property and Investment segment is engaged in renting out property and investment holding; the Transportation segment includes a provision of transportation of goods by lorries; and the Mining and exploration segment consists of exploring, contracting and other activities related to the mining, processing, and sale of iron ore. It generates a vast majority of the revenues from the Trading segment within Malaysia.

Hiap Teck Venture Bhd (XKLS:5072) Headlines

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