GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Megaworld Corp (PHS:MEG) » Definitions » Cyclically Adjusted Price-to-FCF

Megaworld (PHS:MEG) Cyclically Adjusted Price-to-FCF : 5.94 (As of Jun. 08, 2024)


View and export this data going back to 1994. Start your Free Trial

What is Megaworld Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Megaworld's current share price is ₱1.84. Megaworld's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱0.31. Megaworld's Cyclically Adjusted Price-to-FCF for today is 5.94.

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

PHS:MEG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.58   Med: 12.45   Max: 41.64
Current: 5.96

During the past years, Megaworld's highest Cyclically Adjusted Price-to-FCF was 41.64. The lowest was 5.58. And the median was 12.45.

PHS:MEG's Cyclically Adjusted Price-to-FCF is ranked better than
72.41% of 696 companies
in the Real Estate industry
Industry Median: 12.19 vs PHS:MEG: 5.96

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.

Megaworld's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₱0.042. 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 ₱0.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Megaworld Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Megaworld'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.

Megaworld Cyclically Adjusted Price-to-FCF Chart

Megaworld Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.14 16.18 12.39 7.01 6.57

Megaworld Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.80 6.75 6.81 6.57 6.29

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

For the Real Estate - Development subindustry, Megaworld'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.


Megaworld's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Megaworld's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Megaworld 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.84/0.31
=5.94

* 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.

Megaworld's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Megaworld's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.042/131.7762*131.7762
=0.042

Current CPI (Mar. 2024) = 131.7762.

Megaworld Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.013 100.560 0.017
201409 -0.069 100.428 -0.091
201412 0.077 99.070 0.102
201503 0.017 99.621 0.022
201506 0.020 100.684 0.026
201509 -0.069 100.392 -0.091
201512 0.086 99.792 0.114
201603 0.009 100.470 0.012
201606 -0.001 101.688 -0.001
201609 0.056 101.861 0.072
201612 0.008 101.863 0.010
201703 0.005 102.862 0.006
201706 -0.099 103.349 -0.126
201709 0.033 104.136 0.042
201712 0.252 104.011 0.319
201803 0.079 105.290 0.099
201806 0.171 106.317 0.212
201809 0.140 106.507 0.173
201812 0.045 105.998 0.056
201903 0.165 107.251 0.203
201906 0.144 108.070 0.176
201909 0.195 108.329 0.237
201912 0.095 108.420 0.115
202003 0.089 108.902 0.108
202006 0.122 108.767 0.148
202009 0.181 109.815 0.217
202012 0.188 109.897 0.225
202103 0.068 111.754 0.080
202106 0.090 114.631 0.103
202109 -0.053 115.734 -0.060
202112 0.073 117.630 0.082
202203 0.118 121.301 0.128
202206 0.067 125.017 0.071
202209 0.038 125.227 0.040
202212 0.022 125.222 0.023
202303 0.042 127.348 0.043
202306 0.022 128.729 0.023
202309 0.070 129.860 0.071
202312 0.001 129.419 0.001
202403 0.042 131.776 0.042

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.


Megaworld  (PHS:MEG) 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.


Megaworld Cyclically Adjusted Price-to-FCF Related Terms

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


Megaworld (PHS:MEG) Business Description

Industry
Traded in Other Exchanges
Address
36th Street Cor. 11th Avenue, 25th Floor, Alliance Global Tower, Uptown Bonifacio, Metro Manila, Taguig, PHL, 1634
Megaworld Corp is a general real estate company. The company's core business is property development. The company is focused on large-scale residential and office developments including urban centers integrating office, residential, and commercial components. Megaworld is a holding company that also engages in hotel and leisure operations. The company's operations are focused in the Philippines.