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PLDT (PHI) Cyclically Adjusted Price-to-FCF : 33.51 (As of Apr. 27, 2024)


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What is PLDT Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), PLDT's current share price is $23.79. PLDT's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.71. PLDT's Cyclically Adjusted Price-to-FCF for today is 33.51.

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

PHI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.7   Med: 10.47   Max: 35.44
Current: 34.92

During the past years, PLDT's highest Cyclically Adjusted Price-to-FCF was 35.44. The lowest was 5.70. And the median was 10.47.

PHI's Cyclically Adjusted Price-to-FCF is ranked worse than
79.03% of 186 companies
in the Telecommunication Services industry
Industry Median: 13.505 vs PHI: 34.92

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.

PLDT's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.668. 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 $0.71 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PLDT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PLDT'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.

PLDT Cyclically Adjusted Price-to-FCF Chart

PLDT 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 6.79 11.22 20.00 21.72 33.09

PLDT 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 21.72 24.82 33.13 29.50 33.09

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

For the Telecom Services subindustry, PLDT'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.


PLDT's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PLDT's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PLDT 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.79/0.71
=33.51

* 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.

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

For example, PLDT'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)
=0.668/129.4194*129.4194
=0.668

Current CPI (Dec. 2023) = 129.4194.

PLDT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.220 99.695 1.584
201406 0.674 100.560 0.867
201409 0.563 100.428 0.726
201412 0.059 99.070 0.077
201503 1.054 99.621 1.369
201506 0.317 100.684 0.407
201509 0.592 100.392 0.763
201512 0.173 99.792 0.224
201603 0.266 100.470 0.343
201606 0.152 101.688 0.193
201609 0.166 101.861 0.211
201612 -0.058 101.863 -0.074
201703 1.087 102.862 1.368
201706 0.049 103.349 0.061
201709 0.215 104.136 0.267
201712 0.203 104.011 0.253
201803 0.295 105.290 0.363
201806 0.477 106.317 0.581
201809 -0.489 106.507 -0.594
201812 0.829 105.998 1.012
201903 -0.169 107.251 -0.204
201906 -0.181 108.070 -0.217
201909 0.164 108.329 0.196
201912 -1.340 108.420 -1.600
202003 0.019 108.902 0.023
202006 -0.527 108.767 -0.627
202009 0.797 109.815 0.939
202012 0.270 109.897 0.318
202103 -0.200 111.754 -0.232
202106 -0.683 114.631 -0.771
202109 -0.286 115.734 -0.320
202112 0.207 117.630 0.228
202203 -0.325 121.301 -0.347
202206 -0.582 125.017 -0.602
202209 -1.170 125.227 -1.209
202212 0.526 125.222 0.544
202303 0.413 127.348 0.420
202306 -1.506 128.729 -1.514
202309 1.014 129.860 1.011
202312 0.668 129.419 0.668

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.


PLDT  (NYSE:PHI) 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.


PLDT Cyclically Adjusted Price-to-FCF Related Terms

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


PLDT (PHI) Business Description

Traded in Other Exchanges
Address
Makati Avenue, Ramon Cojuangco Building, Metro Manila, Corner Ayala Avenue, Legaspi Village, Makati City, PHL, 1200
PLDT Inc is the telecommunications carrier in the Philippines. The company operates the nation's extensive fixed-line network and holds more than half of the market share in the domestic wireless space. First Pacific, a Hong Kong-based investment and management company specializing in consumer and telecommunication businesses, owns about 26% of PLDT, while two subsidiaries of Nippon Telegraph and Telephone jointly own about 21%.

PLDT (PHI) Headlines

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