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Adcorp Holdings (JSE:ADR) Cyclically Adjusted Price-to-FCF : 4.40 (As of May. 28, 2024)


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What is Adcorp Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), Adcorp Holdings's current share price is R4.27. Adcorp Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Feb23 was R0.97. Adcorp Holdings's Cyclically Adjusted Price-to-FCF for today is 4.40.

The historical rank and industry rank for Adcorp Holdings's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

JSE:ADR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.94   Med: 28.19   Max: 374.44
Current: 4.37

During the past 13 years, Adcorp Holdings's highest Cyclically Adjusted Price-to-FCF was 374.44. The lowest was 2.94. And the median was 28.19.

JSE:ADR's Cyclically Adjusted Price-to-FCF is ranked better than
89.64% of 357 companies
in the Business Services industry
Industry Median: 18.19 vs JSE:ADR: 4.37

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.

Adcorp Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Feb23 was R2.116. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R0.97 for the trailing ten years ended in Feb23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adcorp Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Adcorp Holdings'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.

Adcorp Holdings Cyclically Adjusted Price-to-FCF Chart

Adcorp Holdings Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.53 18.78 8.98 6.41 4.53

Adcorp Holdings Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Cyclically Adjusted Price-to-FCF 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 - 6.41 - 4.53 -

Competitive Comparison of Adcorp Holdings's Cyclically Adjusted Price-to-FCF

For the Staffing & Employment Services subindustry, Adcorp Holdings'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.


Adcorp Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Adcorp Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Adcorp Holdings 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.

Adcorp Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.27/0.97
=4.40

* 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.

Adcorp Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Feb23 is calculated as:

For example, Adcorp Holdings's adjusted Free Cash Flow per Share data for the fiscal year that ended in Feb23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb23 (Change)*Current CPI (Feb23)
=2.116/146.1010*146.1010
=2.116

Current CPI (Feb23) = 146.1010.

Adcorp Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201402 -1.739 93.524 -2.717
201502 1.722 97.339 2.585
201602 -1.863 104.097 -2.615
201702 -0.900 110.855 -1.186
201802 0.971 115.106 1.232
201902 2.847 119.793 3.472
202002 -1.149 125.243 -1.340
202102 6.298 128.817 7.143
202202 0.978 136.109 1.050
202302 2.116 146.101 2.116

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.


Adcorp Holdings  (JSE:ADR) 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.


Adcorp Holdings Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Adcorp Holdings's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Adcorp Holdings (JSE:ADR) Business Description

Traded in Other Exchanges
N/A
Address
102 Western Service Road, Adcorp Place, Gallo Manor Ext 6, Johannesburg, GT, ZAF, 2191
Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Industrial Services, Professional Services, Training Services, and Australia. The geographical segments are South Africa and International.

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