CSC Steel Holdings Bhd (XKLS:5094) Cyclically Adjusted FCF per Share: RM0.12 (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:5094 CSC Steel Holdings Bhd XKLS:5094
80 GF Score
Price RM1.24
GF Value RM1.14
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is CSC Steel Holdings Bhd Cyclically Adjusted FCF per Share?

CSC Steel Holdings Bhd XKLS:5094 80 Cyclically Adjusted FCF per Share is RM0.12 as of Mar. 2026. GuruFocus rates XKLS:5094 with a GF Score™ of 80/100 and a GF Value™ of RM1.14 (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.

CSC Steel Holdings Bhd's adjusted free cash flow per share for the three months ended in Mar. 2026 was RM0.084. 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 RM0.12 for the trailing ten years ended in Mar. 2026.

During the past 12 months, CSC Steel Holdings Bhd's average Cyclically Adjusted FCF Growth Rate was 9.10% 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 CSC Steel Holdings Bhd was 30.10% per year. The lowest was 0.00% per year. And the median was 7.35% per year.

As of today (2026-07-18), CSC Steel Holdings Bhd's current stock price is RM1.24. CSC Steel Holdings Bhd's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was RM0.12. CSC Steel Holdings Bhd's Cyclically Adjusted Price-to-FCF of today is 10.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CSC Steel Holdings Bhd was 32.60. The lowest was 8.85. And the median was 15.53.


CSC Steel Holdings Bhd  (XKLS:5094) 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.

CSC Steel Holdings Bhd's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1.24/0.12
=10.33

* 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 CSC Steel Holdings Bhd was 32.60. The lowest was 8.85. And the median was 15.53.


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.


CSC Steel Holdings Bhd Cyclically Adjusted FCF per Share Related Terms


CSC Steel Holdings Bhd Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for CSC Steel 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.

CSC Steel Holdings Bhd Cyclically Adjusted FCF per Share Chart

CSC Steel Holdings 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 0.08 0.08 0.11 0.00

CSC Steel Holdings 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 0.11 0.10 0.13 0.00 0.12

XKLS:5094 vs NUE, STLD, RS: Cyclically Adjusted FCF per Share Comparison

For the Steel subindustry, CSC Steel 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.


CSC Steel Holdings Bhd Cyclically Adjusted Price-to-FCF vs Steel Industry

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

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


XKLS:5094
80GF Score
CSC Steel Holdings Bhd XKLS:5094
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CSC Steel 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, CSC Steel Holdings 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)
=0.084/330.2130*330.2130
=0.084

Current CPI (Mar. 2026) = 330.2130.

CSC Steel Holdings Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.076 241.018 0.104
201609 -0.017 241.428 -0.023
201612 0.002 241.432 0.003
201703 -0.208 243.801 -0.282
201706 0.055 244.955 0.074
201709 0.012 246.819 0.016
201712 -0.038 246.524 -0.051
201803 0.112 249.554 0.148
201806 0.019 251.989 0.025
201809 -0.048 252.439 -0.063
201812 0.083 251.233 0.109
201903 -0.044 254.202 -0.057
201906 0.012 256.143 0.015
201909 0.136 256.759 0.175
201912 0.072 256.974 0.093
202003 -0.030 258.115 -0.038
202006 -0.002 257.797 -0.003
202009 0.227 260.280 0.288
202012 0.022 260.474 0.028
202103 -0.090 264.877 -0.112
202106 -0.036 271.696 -0.044
202109 0.071 274.310 0.085
202112 -0.282 278.802 -0.334
202203 0.129 287.504 0.148
202206 -0.155 296.311 -0.173
202209 0.229 296.808 0.255
202212 0.122 296.797 0.136
202303 0.006 301.836 0.007
202306 0.168 305.109 0.182
202309 0.035 307.789 0.038
202312 -0.002 306.746 -0.002
202403 -0.101 312.332 -0.107
202406 0.052 314.175 0.055
202409 0.070 315.301 0.073
202412 0.130 315.605 0.136
202503 -0.081 319.799 -0.084
202506 0.020 322.561 0.020
202509 0.222 324.800 0.226
202512 0.000 324.054 0.000
202603 0.084 330.213 0.084

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 RM0.12 mean?
CSC Steel Holdings Bhd (XKLS:5094) has a Cyclically Adjusted FCF per Share of RM0.12 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 CSC Steel Holdings Bhd and its competitors.
Is CSC Steel Holdings Bhd's Cyclically Adjusted FCF per Share too high?
CSC Steel Holdings Bhd's current Cyclically Adjusted FCF per Share is RM0.12. Overall, CSC Steel Holdings Bhd has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CSC Steel Holdings Bhd's Cyclically Adjusted FCF per Share compare to NUE and STLD?
CSC Steel Holdings Bhd's Cyclically Adjusted FCF per Share of RM0.12 can be compared against companies in the Steel 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 Steel company?
A good Cyclically Adjusted FCF per Share depends on the Steel 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 CSC Steel Holdings Bhd and its competitors. CSC Steel Holdings Bhd's current Cyclically Adjusted FCF per Share is RM0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSC Steel Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, CSC Steel Holdings Bhd (XKLS:5094) is currently considered Fairly Valued. The stock's GF Value™ is RM1.14, compared to a current price of RM1.24 — trading 8.8% above its estimated fair value. The current Cyclically Adjusted FCF per Share is RM0.12. CSC Steel Holdings Bhd's overall GF Score™ is 80/100 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 CSC Steel Holdings Bhd (XKLS:5094), the current Cyclically Adjusted FCF per Share is RM0.12 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 CSC Steel Holdings Bhd (XKLS:5094) Overvalued in 2026?

Based on GuruFocus' analysis, CSC Steel Holdings Bhd stock appears to be overvalued. The current stock price of RM1.24 is trading 8.8% above its estimated GF Value™ of RM1.14. GuruFocus considers CSC Steel Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:5094:

  • Cyclically Adjusted FCF per Share: RM0.12
  • GF Value™: RM1.14 vs. price of RM1.24 (8.8% above fair value)
  • GF Score™: 80/100 with 1 warning sign

No single metric tells the full story. See the XKLS:5094 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CSC Steel Holdings Bhd Business Description

Address 180 Kawasan Industri Ayer Keroh, Ayer Keroh, Melaka, JHR, MYS, 75450
CSC Steel Holdings Bhd is an investment holding company. Along with its subsidiaries, its business activities include the manufacturing and marketing of pickled and oiled steel, cold rolled steel, hot dipped galvanised steel, commonly known as GI, and pre-painted galvanised steel, commonly known as PPGI or colour coated steel products. These products are marketed through brands like Realzinc and Realcolor. The group's reportable operating segments are Cold rolled and coated steel products and Investment holding. A vast majority of the revenue is generated from the Cold rolled and coated steel products segment. Geographically, the group generates a majority of its revenue from Malaysia.
80GF Score

Get the complete analysis for XKLS:5094

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

RM1.24
Price
RM1.14
GF Value