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Mfc-Nichada Thani Property Fund (BKK:MNIT) Cyclically Adjusted Price-to-FCF : 31.43 (As of May. 24, 2024)


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What is Mfc-Nichada Thani Property Fund Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Mfc-Nichada Thani Property Fund's current share price is ฿2.20. Mfc-Nichada Thani Property Fund's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿0.07. Mfc-Nichada Thani Property Fund's Cyclically Adjusted Price-to-FCF for today is 31.43.

The historical rank and industry rank for Mfc-Nichada Thani Property Fund's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BKK:MNIT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.25   Med: 27.86   Max: 32.86
Current: 31.03

During the past years, Mfc-Nichada Thani Property Fund's highest Cyclically Adjusted Price-to-FCF was 32.86. The lowest was 21.25. And the median was 27.86.

BKK:MNIT's Cyclically Adjusted Price-to-FCF is ranked worse than
84.24% of 387 companies
in the REITs industry
Industry Median: 11.46 vs BKK:MNIT: 31.03

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.

Mfc-Nichada Thani Property Fund's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ฿0.025. 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 ฿0.07 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mfc-Nichada Thani Property Fund Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mfc-Nichada Thani Property Fund'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.

Mfc-Nichada Thani Property Fund Cyclically Adjusted Price-to-FCF Chart

Mfc-Nichada Thani Property Fund 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 - - - 28.72 31.88

Mfc-Nichada Thani Property Fund 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 21.78 28.64 28.75 31.88 30.18

Competitive Comparison of Mfc-Nichada Thani Property Fund's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, Mfc-Nichada Thani Property Fund'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.


Mfc-Nichada Thani Property Fund's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mfc-Nichada Thani Property Fund's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Mfc-Nichada Thani Property Fund's Cyclically Adjusted Price-to-FCF falls into.



Mfc-Nichada Thani Property Fund 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.

Mfc-Nichada Thani Property Fund's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.20/0.07
=31.43

* 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.

Mfc-Nichada Thani Property Fund's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Mfc-Nichada Thani Property Fund'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)
=0.025/131.7762*131.7762
=0.025

Current CPI (Mar. 2024) = 131.7762.

Mfc-Nichada Thani Property Fund Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201106 0.000 95.235 0.000
201112 0.000 95.213 0.000
201206 0.000 96.819 0.000
201212 0.000 96.871 0.000
201306 0.000 98.518 0.000
201312 0.000 98.326 0.000
201406 0.000 100.560 0.000
201412 0.000 99.070 0.000
201506 0.000 100.684 0.000
201512 0.000 99.792 0.000
201606 0.000 101.688 0.000
201612 0.000 101.863 0.000
201706 0.000 103.349 0.000
201709 0.000 104.136 0.000
201712 0.000 104.011 0.000
201803 -0.012 105.290 -0.015
201806 -0.014 106.317 -0.017
201809 0.005 106.507 0.006
201812 0.085 105.998 0.106
201903 0.073 107.251 0.090
201906 0.035 108.070 0.043
201909 0.020 108.329 0.024
201912 -0.097 108.420 -0.118
202003 0.114 108.902 0.138
202006 -0.126 108.767 -0.153
202009 0.002 109.815 0.002
202012 0.020 109.897 0.024
202103 0.073 111.754 0.086
202106 0.056 114.631 0.064
202109 0.000 115.734 0.000
202112 -0.030 117.630 -0.034
202203 0.017 121.301 0.018
202206 0.008 125.017 0.008
202209 0.042 125.227 0.044
202212 -0.011 125.222 -0.012
202303 0.108 127.348 0.112
202306 -0.062 128.729 -0.063
202309 0.014 129.860 0.014
202312 0.031 129.419 0.032
202403 0.025 131.776 0.025

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.


Mfc-Nichada Thani Property Fund  (BKK:MNIT) 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.


Mfc-Nichada Thani Property Fund Cyclically Adjusted Price-to-FCF Related Terms

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


Mfc-Nichada Thani Property Fund (BKK:MNIT) Business Description

Traded in Other Exchanges
N/A
Address
Ratchadapisek Road, Ground Floor & 21st-23rd Floor, 199 Column Tower, Klongtoey, Bangkok, THA, 10110
Mfc-Nichada Thani Property Fund is a close-ended property fund with no maturity date. The fund's objective is to use the proceeds from the sale of investment units to invest in properties for residential buildings including land and private houses for a living, which is in Amphur Pakkred, Nonthaburi. It operates under one segment namely Rental of Properties in Thailand. The Fund has invested (freehold) in the Lakeshore-North Apartment Building - an apartment for rent, Lakeshore-West Apartment Building - an apartment for rent, Land with units of two-storeyed private houses of Raintree Residence Project and Land with units of two-storeyed private homes of Sunshine Place Project. All assets are located in the Nichada Thani Project.

Mfc-Nichada Thani Property Fund (BKK:MNIT) Headlines

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