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GMM Grammy PCL (BKK:GRAMMY) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is GMM Grammy PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


GMM Grammy PCL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for GMM Grammy 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.

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GMM Grammy PCL Cyclically Adjusted Price-to-FCF Chart

GMM Grammy PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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GMM Grammy PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of GMM Grammy PCL's Cyclically Adjusted Price-to-FCF

For the Entertainment subindustry, GMM Grammy 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.


GMM Grammy PCL's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, GMM Grammy PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



GMM Grammy 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.

GMM Grammy PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, GMM Grammy 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)
=0.112/131.7762*131.7762
=0.112

Current CPI (Mar. 2024) = 131.7762.

GMM Grammy PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.459 100.560 -1.912
201409 -0.658 100.428 -0.863
201412 -0.541 99.070 -0.720
201503 -0.481 99.621 -0.636
201506 -0.362 100.684 -0.474
201509 0.414 100.392 0.543
201512 0.177 99.792 0.234
201603 -0.927 100.470 -1.216
201606 -0.617 101.688 -0.800
201609 -0.438 101.861 -0.567
201612 0.058 101.863 0.075
201703 0.155 102.862 0.199
201706 0.041 103.349 0.052
201709 -0.317 104.136 -0.401
201712 -0.024 104.011 -0.030
201803 0.049 105.290 0.061
201806 -0.179 106.317 -0.222
201809 0.128 106.507 0.158
201812 -0.092 105.998 -0.114
201903 0.301 107.251 0.370
201906 0.069 108.070 0.084
201909 -0.005 108.329 -0.006
201912 0.113 108.420 0.137
202003 0.046 108.902 0.056
202006 0.141 108.767 0.171
202009 0.052 109.815 0.062
202012 -0.092 109.897 -0.110
202103 -0.059 111.754 -0.070
202106 0.009 114.631 0.010
202109 0.000 115.734 0.000
202112 -0.105 117.630 -0.118
202203 0.089 121.301 0.097
202206 -0.253 125.017 -0.267
202209 0.034 125.227 0.036
202212 0.227 125.222 0.239
202303 -0.213 127.348 -0.220
202306 -0.025 128.729 -0.026
202309 0.122 129.860 0.124
202312 -0.229 129.419 -0.233
202403 0.112 131.776 0.112

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.


GMM Grammy PCL  (BKK:GRAMMY) 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.


GMM Grammy PCL Cyclically Adjusted Price-to-FCF Related Terms

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GMM Grammy PCL (BKK:GRAMMY) Business Description

Traded in Other Exchanges
N/A
Address
50 Sukhumvit 21 Road (Asoke), GMM Grammy Place Tower, Klongtoey Nua, Wattana, Bangkok, THA, 10110
GMM Grammy PCL is engaged in various entertainment businesses, including the music business, satellite television business, Digital TV business, movies business, home shopping business, and co-investment in other businesses. The company has three principal reportable segments i.e. 1) Music segment comprising music business and showbiz 2) Media segment comprising digital TV business GMM25 3) Others segment comprising merchandise and other services business.

GMM Grammy PCL (BKK:GRAMMY) Headlines

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