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Top Frontier Investment Holdings (PHS:TFHI) Cyclically Adjusted Price-to-FCF : (As of May. 14, 2024)


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What is Top Frontier Investment Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Top Frontier Investment Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Top Frontier Investment 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.

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Top Frontier Investment Holdings Cyclically Adjusted Price-to-FCF Chart

Top Frontier Investment Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Top Frontier Investment Holdings 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 Top Frontier Investment Holdings's Cyclically Adjusted Price-to-FCF

For the Conglomerates subindustry, Top Frontier Investment 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.


Top Frontier Investment Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

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

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



Top Frontier Investment 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.

Top Frontier Investment Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Top Frontier Investment Holdings'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)
=-259.299/129.4194*129.4194
=-259.299

Current CPI (Dec. 2023) = 129.4194.

Top Frontier Investment Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 3.773 99.695 4.898
201406 -24.868 100.560 -32.005
201409 -2.907 100.428 -3.746
201412 19.791 99.070 25.854
201503 -13.352 99.621 -17.346
201506 -36.585 100.684 -47.026
201509 12.294 100.392 15.849
201512 40.282 99.792 52.241
201603 47.391 100.470 61.046
201606 -15.453 101.688 -19.667
201609 23.001 101.861 29.224
201612 63.394 101.863 80.544
201703 38.209 102.862 48.074
201706 45.586 103.349 57.085
201709 43.239 104.136 53.737
201712 -19.288 104.011 -24.000
201803 25.215 105.290 30.994
201806 -12.004 106.317 -14.612
201809 8.419 106.507 10.230
201812 11.997 105.998 14.648
201903 65.633 107.251 79.199
201906 -6.137 108.070 -7.349
201909 -13.107 108.329 -15.659
201912 -14.403 108.420 -17.193
202003 -56.352 108.902 -66.969
202006 -6.867 108.767 -8.171
202009 -40.643 109.815 -47.899
202012 32.430 109.897 38.191
202103 78.506 111.754 90.915
202106 -65.680 114.631 -74.153
202109 -31.503 115.734 -35.228
202112 -137.458 117.630 -151.235
202203 -3.488 121.301 -3.721
202206 -64.751 125.017 -67.031
202209 -168.065 125.227 -173.692
202212 -235.676 125.222 -243.576
202303 51.024 127.348 51.854
202306 147.507 128.729 148.298
202309 -49.177 129.860 -49.010
202312 -259.299 129.419 -259.299

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.


Top Frontier Investment Holdings  (PHS:TFHI) 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.


Top Frontier Investment Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Top Frontier Investment Holdings (PHS:TFHI) Business Description

Traded in Other Exchanges
N/A
Address
No. 399 Sen. Gil. Puyat Avenue, 5th Floor, ENZO Building, Makati, PHL, 1200
Top Frontier Investment Holdings Inc is an investment holding company engaged in the processing and marketing of branded refrigerated processed meats and canned meat products. The operating business segments are food and beverage, packaging, energy, fuel and oil, infrastructure and Cement, Real Estate, Mining and Others. The company derives maximum revenue from fuel and oil segment. The fuel and oil segment is engaged in refining crude oil and marketing and distribution of refined petroleum products.

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