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KCE Electronics PCL (BKK:KCE) Cyclically Adjusted FCF per Share : ฿1.71 (As of Mar. 2024)


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What is KCE Electronics PCL Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

KCE Electronics PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿0.992. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ฿1.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, KCE Electronics PCL's average Cyclically Adjusted FCF Growth Rate was 17.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of KCE Electronics PCL was 10.10% per year. The lowest was 5.30% per year. And the median was 7.70% per year.

As of today (2024-05-27), KCE Electronics PCL's current stock price is ฿41.75. KCE Electronics PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿1.71. KCE Electronics PCL's Cyclically Adjusted Price-to-FCF of today is 24.42.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of KCE Electronics PCL was 70.99. The lowest was 11.37. And the median was 33.75.


KCE Electronics PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for KCE Electronics PCL's Cyclically Adjusted FCF per Share 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.

KCE Electronics PCL Cyclically Adjusted FCF per Share Chart

KCE Electronics PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.13 1.22 1.25 1.32 1.63

KCE Electronics PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 1.46 1.54 1.63 1.63 1.71

Competitive Comparison of KCE Electronics PCL's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, KCE Electronics PCL'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.


KCE Electronics PCL's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, KCE Electronics PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



KCE Electronics PCL Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, KCE Electronics PCL'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)
=0.992/131.7762*131.7762
=0.992

Current CPI (Mar. 2024) = 131.7762.

KCE Electronics PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.254 100.560 -0.333
201409 0.072 100.428 0.094
201412 -0.899 99.070 -1.196
201503 0.340 99.621 0.450
201506 -0.429 100.684 -0.561
201509 0.179 100.392 0.235
201512 0.555 99.792 0.733
201603 0.716 100.470 0.939
201606 0.502 101.688 0.651
201609 0.965 101.861 1.248
201612 0.812 101.863 1.050
201703 0.716 102.862 0.917
201706 0.116 103.349 0.148
201709 0.626 104.136 0.792
201712 0.674 104.011 0.854
201803 0.498 105.290 0.623
201806 -0.024 106.317 -0.030
201809 0.538 106.507 0.666
201812 0.717 105.998 0.891
201903 0.273 107.251 0.335
201906 0.207 108.070 0.252
201909 0.625 108.329 0.760
201912 0.366 108.420 0.445
202003 0.458 108.902 0.554
202006 -0.002 108.767 -0.002
202009 0.702 109.815 0.842
202012 0.484 109.897 0.580
202103 0.248 111.754 0.292
202106 -0.012 114.631 -0.014
202109 0.147 115.734 0.167
202112 -0.381 117.630 -0.427
202203 -0.166 121.301 -0.180
202206 0.163 125.017 0.172
202209 0.515 125.227 0.542
202212 0.340 125.222 0.358
202303 0.973 127.348 1.007
202306 0.405 128.729 0.415
202309 0.882 129.860 0.895
202312 0.922 129.419 0.939
202403 0.992 131.776 0.992

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


KCE Electronics PCL  (BKK:KCE) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

KCE Electronics PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=41.75/1.71
=24.42

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of KCE Electronics PCL was 70.99. The lowest was 11.37. And the median was 33.75.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


KCE Electronics PCL Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of KCE Electronics PCL's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


KCE Electronics PCL (BKK:KCE) Business Description

Industry
Traded in Other Exchanges
Address
No. 72-72/1-3 Soi Chalongkrung 31, Kwang Lumplatew, Khet Lat Krabang, Bangkok, THA, 10520
KCE Electronics PCL and its subsidiaries manufacture and distribute printed circuit boards. The company is based in Thailand but earns most of its revenue internationally. The company manufactures printed circuit boards that are used in a variety of industries, including automotive, computer, industrial, and telecommunications systems. The company also manufactures and distributes chemicals and laminate products. The majority of the company's revenue is earned in Europe.

KCE Electronics PCL (BKK:KCE) Headlines