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Forth PCL (BKK:FORTH-R) Cyclically Adjusted Price-to-FCF : 50.05 (As of May. 14, 2024)


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What is Forth PCL Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Forth PCL's current share price is ฿27.02676. Forth PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ฿0.54. Forth PCL's Cyclically Adjusted Price-to-FCF for today is 50.05.

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

BKK:FORTH-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.91   Med: 36.74   Max: 111.5
Current: 36.25

During the past years, Forth PCL's highest Cyclically Adjusted Price-to-FCF was 111.50. The lowest was 10.91. And the median was 36.74.

BKK:FORTH-R's Cyclically Adjusted Price-to-FCF is ranked worse than
57.51% of 965 companies
in the Hardware industry
Industry Median: 29.67 vs BKK:FORTH-R: 36.25

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.

Forth PCL's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ฿0.632. 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 ฿0.54 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Forth PCL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Forth PCL'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.

Forth PCL Cyclically Adjusted Price-to-FCF Chart

Forth PCL 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 18.92 11.15 33.65 78.77 49.62

Forth PCL 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 78.77 81.21 67.29 71.12 49.62

Competitive Comparison of Forth PCL's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Forth 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.


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

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

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



Forth PCL 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=27.02676/0.54
=50.05

* 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.

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

For example, Forth PCL'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)
=0.632/129.4194*129.4194
=0.632

Current CPI (Dec. 2023) = 129.4194.

Forth PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.034 99.695 0.044
201406 -0.069 100.560 -0.089
201409 0.099 100.428 0.128
201412 -0.218 99.070 -0.285
201503 -0.020 99.621 -0.026
201506 -0.310 100.684 -0.398
201509 1.001 100.392 1.290
201512 -0.179 99.792 -0.232
201603 0.238 100.470 0.307
201606 -0.138 101.688 -0.176
201609 0.519 101.861 0.659
201612 -0.371 101.863 -0.471
201703 -0.089 102.862 -0.112
201706 -0.226 103.349 -0.283
201709 0.302 104.136 0.375
201712 0.082 104.011 0.102
201803 0.087 105.290 0.107
201806 -0.147 106.317 -0.179
201809 0.105 106.507 0.128
201812 0.262 105.998 0.320
201903 0.869 107.251 1.049
201906 0.304 108.070 0.364
201909 0.249 108.329 0.297
201912 0.162 108.420 0.193
202003 0.140 108.902 0.166
202006 0.313 108.767 0.372
202009 0.516 109.815 0.608
202012 0.084 109.897 0.099
202103 0.210 111.754 0.243
202106 0.258 114.631 0.291
202109 0.159 115.734 0.178
202112 -0.188 117.630 -0.207
202203 0.007 121.301 0.007
202206 -0.411 125.017 -0.425
202209 -0.167 125.227 -0.173
202212 -0.234 125.222 -0.242
202303 -0.035 127.348 -0.036
202306 -0.175 128.729 -0.176
202309 0.184 129.860 0.183
202312 0.632 129.419 0.632

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.


Forth PCL  (BKK:FORTH-R) 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.


Forth PCL Cyclically Adjusted Price-to-FCF Related Terms

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


Forth PCL (BKK:FORTH-R) Business Description

Industry
Traded in Other Exchanges
Address
1053/1, Phaholyothin Road, Phayathai Sub-district, Phayathai District, Bangkok, THA, 10400
Forth Corp PCL is engaged in the manufacture and distribution of electronic equipment and project work relating to design and install telecommunication equipment. The company is organized into business units based on its products and services and have three reportable segments as follows - Electronics Manufacturing Service segment designs manufactures of consigns and turnkey projects, and sales of semiconductor electronic parts. Enterprise solutions business segment that bids for project work, sources, subcontracts and install various systems for the government and private sectors. The Smart service business segment provides online financial transaction services and sells products and services through vending machines. The company and its subsidiaries are operated in Thailand only.

Forth PCL (BKK:FORTH-R) Headlines

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