/term/cyclically-adjusted-price-to-fcf/JSE:KAP KAP (JSE:KAP) Cyclically Adjusted Price-to-FCF
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KAP (JSE:KAP) Cyclically Adjusted Price-to-FCF : (As of Jun. 20, 2024)


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What is KAP Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


KAP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for KAP'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.

KAP Cyclically Adjusted Price-to-FCF Chart

KAP Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.75 138.88 116.01 - -

KAP Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - - - -

Competitive Comparison of KAP's Cyclically Adjusted Price-to-FCF

For the Conglomerates subindustry, KAP'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.


KAP's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, KAP's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



KAP 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.

KAP's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, KAP's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=-0.295/148.8016*148.8016
=-0.295

Current CPI (Jun23) = 148.8016.

KAP Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.008 95.813 0.012
201506 0.045 100.173 0.067
201606 0.176 106.713 0.245
201706 -0.367 112.054 -0.487
201806 -0.087 116.959 -0.111
201906 0.384 122.191 0.468
202006 -0.604 124.807 -0.720
202106 0.236 131.113 0.268
202206 -0.058 140.835 -0.061
202306 -0.295 148.802 -0.295

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.


KAP  (JSE:KAP) 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.


KAP Cyclically Adjusted Price-to-FCF Related Terms

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


KAP (JSE:KAP) Business Description

Industry
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Traded in Other Exchanges
N/A
Address
Corner R44 and School Road, Unit G7, Stellenpark Business Park, Jamestown, Stellenbosch, WC, ZAF, 7600
KAP Ltd is a diversified group consisting of leading industrial, chemical, and logistics businesses, and road safety segments in sub-Saharan Africa. The group owns a diversified portfolio of businesses that operate in the following industries: wood-based decorative panels, sleep products, automotive components, polymers, supply chain, and road safety.

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