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Remgro (JSE:REM) Cyclically Adjusted Price-to-FCF : 52.43 (As of May. 15, 2024)


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What is Remgro Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Remgro's current share price is R125.31. Remgro's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was R2.39. Remgro's Cyclically Adjusted Price-to-FCF for today is 52.43.

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

JSE:REM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 34.8   Med: 61.47   Max: 115.28
Current: 52.84

During the past 13 years, Remgro's highest Cyclically Adjusted Price-to-FCF was 115.28. The lowest was 34.80. And the median was 61.47.

JSE:REM's Cyclically Adjusted Price-to-FCF is ranked worse than
75.4% of 504 companies
in the Asset Management industry
Industry Median: 20.705 vs JSE:REM: 52.84

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.

Remgro's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was R-3.288. 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 R2.39 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Remgro Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Remgro'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.

Remgro Cyclically Adjusted Price-to-FCF Chart

Remgro 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 54.27 45.79 46.63 43.45 61.62

Remgro 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 - 43.45 - 61.62 -

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

For the Asset Management subindustry, Remgro'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.


Remgro's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Remgro's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Remgro 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=125.31/2.39
=52.43

* 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.

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

For example, Remgro'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)
=-3.288/148.8016*148.8016
=-3.288

Current CPI (Jun23) = 148.8016.

Remgro Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.726 95.813 4.234
201506 3.283 100.173 4.877
201606 0.514 106.713 0.717
201706 2.581 112.054 3.427
201806 1.315 116.959 1.673
201906 -0.168 122.191 -0.205
202006 -1.084 124.807 -1.292
202106 5.830 131.113 6.617
202206 6.723 140.835 7.103
202306 -3.288 148.802 -3.288

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.


Remgro  (JSE:REM) 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.


Remgro Cyclically Adjusted Price-to-FCF Related Terms

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


Remgro (JSE:REM) Business Description

Industry
Traded in Other Exchanges
Address
16 Stellentia Avenue, Millennia Park, Stellenbosch, ZAF, 7600
Remgro Ltd is an investment holding company that consists of operating subsidiaries and noncontrolled investments in listed and unlisted companies. The company's investments span a variety of end markets, including food, liquor, home care, banking, healthcare, insurance, industrial, infrastructure, media, and sports industries. Its business model emphasizes decentralization, particularly concerning the management and corporate governance matters of its holdings. Management invests in companies it believes can generate superior levels of free cash flow. Its investment candidates mostly come from South Africa, where the company operates. Management also makes global investments in tandem with experienced partners.