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Apex Spinning & Knitting Mills (DHA:APEXSPINN) Cyclically Adjusted Price-to-FCF : 63.05 (As of Apr. 29, 2024)


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What is Apex Spinning & Knitting Mills Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Apex Spinning & Knitting Mills's current share price is BDT111.60. Apex Spinning & Knitting Mills's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was BDT1.77. Apex Spinning & Knitting Mills's Cyclically Adjusted Price-to-FCF for today is 63.05.

The historical rank and industry rank for Apex Spinning & Knitting Mills's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

DHA:APEXSPINN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 31.31   Med: 60.88   Max: 124.92
Current: 63.16

During the past years, Apex Spinning & Knitting Mills's highest Cyclically Adjusted Price-to-FCF was 124.92. The lowest was 31.31. And the median was 60.88.

DHA:APEXSPINN's Cyclically Adjusted Price-to-FCF is ranked worse than
83.75% of 363 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.13 vs DHA:APEXSPINN: 63.16

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.

Apex Spinning & Knitting Mills's adjusted free cash flow per share data for the three months ended in Dec. 2023 was BDT-9.020. 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 BDT1.77 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apex Spinning & Knitting Mills Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Apex Spinning & Knitting Mills'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.

Apex Spinning & Knitting Mills Cyclically Adjusted Price-to-FCF Chart

Apex Spinning & Knitting Mills Annual Data
Trend Mar14 Mar15 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 - - - 104.55 42.05

Apex Spinning & Knitting Mills Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 53.15 33.73 42.05 35.66 68.02

Competitive Comparison of Apex Spinning & Knitting Mills's Cyclically Adjusted Price-to-FCF

For the Apparel Manufacturing subindustry, Apex Spinning & Knitting Mills'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.


Apex Spinning & Knitting Mills's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Apex Spinning & Knitting Mills's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Apex Spinning & Knitting Mills's Cyclically Adjusted Price-to-FCF falls into.



Apex Spinning & Knitting Mills 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.

Apex Spinning & Knitting Mills's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=111.60/1.77
=63.05

* 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.

Apex Spinning & Knitting Mills's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Apex Spinning & Knitting Mills'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)
=-9.02/129.4194*129.4194
=-9.020

Current CPI (Dec. 2023) = 129.4194.

Apex Spinning & Knitting Mills Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -21.394 98.326 -28.159
201403 8.989 99.695 11.669
201406 -2.999 100.560 -3.860
201409 10.351 100.428 13.339
201412 -8.064 99.070 -10.534
201503 -8.180 99.621 -10.627
201506 36.701 100.684 47.176
201509 -13.123 100.392 -16.917
201512 -9.803 99.792 -12.713
201606 0.000 101.688 0.000
201609 33.647 101.861 42.750
201612 -35.324 101.863 -44.880
201703 8.525 102.862 10.726
201706 -3.726 103.349 -4.666
201709 -11.829 104.136 -14.701
201712 23.979 104.011 29.837
201803 4.945 105.290 6.078
201806 -27.384 106.317 -33.335
201809 12.956 106.507 15.743
201812 -9.640 105.998 -11.770
201903 10.029 107.251 12.102
201906 5.938 108.070 7.111
201909 0.348 108.329 0.416
201912 -6.648 108.420 -7.936
202003 12.988 108.902 15.435
202006 -9.557 108.767 -11.372
202009 9.030 109.815 10.642
202012 -2.342 109.897 -2.758
202103 -0.133 111.754 -0.154
202106 -0.736 114.631 -0.831
202109 1.561 115.734 1.746
202112 -4.032 117.630 -4.436
202203 -2.378 121.301 -2.537
202206 -1.427 125.017 -1.477
202209 8.054 125.227 8.324
202212 2.362 125.222 2.441
202303 10.564 127.348 10.736
202306 -0.706 128.729 -0.710
202309 4.366 129.860 4.351
202312 -9.020 129.419 -9.020

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.


Apex Spinning & Knitting Mills  (DHA:APEXSPINN) 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.


Apex Spinning & Knitting Mills Cyclically Adjusted Price-to-FCF Related Terms

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


Apex Spinning & Knitting Mills (DHA:APEXSPINN) Business Description

Traded in Other Exchanges
N/A
Address
18 Gulshan Avenue, Shanta Skymark, 8th & 13th Floor, Gulshan, Dhaka, BGD, 1212
Apex Spinning & Knitting Mills Ltd is a Bangladesh based company that operates as a manufacturer and exporter of all kinds of textiles knitted garments. The company is principally operating in manufacturing high-quality Knit-garments for infants, children, and womenswear using fabrics produced in-house.

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