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Vakif Menkul Kiymet Yatirim Ortakligi AS (IST:VKFYO) Cyclically Adjusted Price-to-FCF : (As of Jun. 02, 2024)


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What is Vakif Menkul Kiymet Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Vakif Menkul Kiymet Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF 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.

Vakif Menkul Kiymet Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Chart

Vakif Menkul Kiymet Yatirim Ortakligi AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Vakif Menkul Kiymet Yatirim Ortakligi AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Vakif Menkul Kiymet Yatirim Ortakligi AS'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.


Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF falls into.



Vakif Menkul Kiymet Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Vakif Menkul Kiymet Yatirim Ortakligi AS's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.452/129.4194*129.4194
=-0.452

Current CPI (Dec. 2023) = 129.4194.

Vakif Menkul Kiymet Yatirim Ortakligi AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.070 99.695 0.091
201406 0.040 100.560 0.051
201409 -0.150 100.428 -0.193
201412 0.047 99.070 0.061
201503 -0.062 99.621 -0.081
201506 -0.011 100.684 -0.014
201509 -0.052 100.392 -0.067
201512 0.031 99.792 0.040
201603 0.027 100.470 0.035
201606 -0.073 101.688 -0.093
201609 0.013 101.861 0.017
201612 -0.001 101.863 -0.001
201703 -0.082 102.862 -0.103
201706 0.085 103.349 0.106
201709 -0.147 104.136 -0.183
201712 0.213 104.011 0.265
201803 0.004 105.290 0.005
201806 0.081 106.317 0.099
201809 -0.037 106.507 -0.045
201812 -0.021 105.998 -0.026
201903 0.276 107.251 0.333
201906 0.035 108.070 0.042
201909 -0.008 108.329 -0.010
201912 0.006 108.420 0.007
202003 0.001 108.902 0.001
202006 -0.109 108.767 -0.130
202009 -0.156 109.815 -0.184
202012 0.081 109.897 0.095
202103 -0.226 111.754 -0.262
202106 -0.057 114.631 -0.064
202109 -0.169 115.734 -0.189
202112 -0.168 117.630 -0.185
202203 -0.048 121.301 -0.051
202206 0.016 125.017 0.017
202209 -0.040 125.227 -0.041
202212 0.027 125.222 0.028
202303 -0.157 127.348 -0.160
202306 0.060 128.729 0.060
202309 -0.058 129.860 -0.058
202312 -0.452 129.419 -0.452

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


Vakif Menkul Kiymet Yatirim Ortakligi AS  (IST:VKFYO) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Vakif Menkul Kiymet Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Vakif Menkul Kiymet Yatirim Ortakligi AS (IST:VKFYO) Business Description

Traded in Other Exchanges
N/A
Address
Ebulula Mardin Caddesi No.18, Park Maya Sitesi F2/A Blok, Akatlar Be?ikta?, Istanbul, TUR
Vakif Menkul Kiymet Yatirim Ortakligi A.S. is a Turkish company which is engaged in the investment and portfolio management of capital market instruments traded on the domestic and international stock exchanges, as well as other organized over-the-counter markets.

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