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POSCO-Thainox PCL (BKK:INOX) Cyclically Adjusted Price-to-FCF : 8.33 (As of May. 15, 2024)


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What is POSCO-Thainox PCL Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), POSCO-Thainox PCL's current share price is ฿0.50. POSCO-Thainox PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿0.06. POSCO-Thainox PCL's Cyclically Adjusted Price-to-FCF for today is 8.33.

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

BKK:INOX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8   Med: 35.5   Max: 165
Current: 8.68

During the past years, POSCO-Thainox PCL's highest Cyclically Adjusted Price-to-FCF was 165.00. The lowest was 8.00. And the median was 35.50.

BKK:INOX's Cyclically Adjusted Price-to-FCF is ranked better than
72.45% of 265 companies
in the Steel industry
Industry Median: 13.46 vs BKK:INOX: 8.68

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.

POSCO-Thainox PCL's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ฿0.083. 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 ฿0.06 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


POSCO-Thainox PCL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for POSCO-Thainox 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.

POSCO-Thainox PCL Cyclically Adjusted Price-to-FCF Chart

POSCO-Thainox 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 15.11 - 189.37 235.97 13.62

POSCO-Thainox 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 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 25.89 17.50 15.13 13.62 9.03

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

For the Steel subindustry, POSCO-Thainox 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.


POSCO-Thainox PCL's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, POSCO-Thainox PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



POSCO-Thainox 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.50/0.06
=8.33

* 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.

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

For example, POSCO-Thainox 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)
=0.083/129.4194*129.4194
=0.083

Current CPI (Mar. 2024) = 129.4194.

POSCO-Thainox PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.050 100.560 0.064
201409 -0.042 100.428 -0.054
201412 -0.103 99.070 -0.135
201503 -0.004 99.621 -0.005
201506 0.067 100.684 0.086
201509 0.066 100.392 0.085
201512 0.058 99.792 0.075
201603 0.022 100.470 0.028
201606 0.062 101.688 0.079
201609 -0.006 101.861 -0.008
201612 -0.026 101.863 -0.033
201703 -0.086 102.862 -0.108
201706 0.065 103.349 0.081
201709 0.029 104.136 0.036
201712 0.143 104.011 0.178
201803 0.061 105.290 0.075
201806 -0.045 106.317 -0.055
201809 -0.030 106.507 -0.036
201812 0.070 105.998 0.085
201903 -0.066 107.251 -0.080
201906 0.001 108.070 0.001
201909 -0.103 108.329 -0.123
201912 0.035 108.420 0.042
202003 -0.070 108.902 -0.083
202006 0.032 108.767 0.038
202009 0.079 109.815 0.093
202012 -0.145 109.897 -0.171
202103 0.179 111.754 0.207
202106 -0.183 114.631 -0.207
202109 0.065 115.734 0.073
202112 0.150 117.630 0.165
202203 -0.053 121.301 -0.057
202206 -0.038 125.017 -0.039
202209 -0.221 125.227 -0.228
202212 0.221 125.222 0.228
202303 0.111 127.348 0.113
202306 -0.032 128.729 -0.032
202309 -0.015 129.860 -0.015
202312 0.116 129.419 0.116
202403 0.083 129.419 0.083

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.


POSCO-Thainox PCL  (BKK:INOX) 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.


POSCO-Thainox PCL Cyclically Adjusted Price-to-FCF Related Terms

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


POSCO-Thainox PCL (BKK:INOX) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Sukhumvit Road, 622 Emporium Tower, Floor 15/6-8, Klongton, Klongtoey, Bangkok, THA, 10110
POSCO-Thainox PCL is engaged in production and sales of cold-rolled stainless steel. Its products portfolio includes Austenitic Stainless Steel and Ferritic Stainless Steel. The company's products are used in Automotive and Transportation Parts, Electrical Home Appliances, Kitchenware, Food Processing and Medical Equipment, Heavy Industry, Energy and Environment, and Architecture, Building and Construction industries. Its segment consists of production and sale of cold-rolled stainless steel in the domestic market from where it earns the majority of the revenue.

POSCO-Thainox PCL (BKK:INOX) Headlines

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