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Thai Wire Products PCL (BKK:TWP) Cyclically Adjusted Price-to-FCF : 20.56 (As of May. 18, 2024)


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What is Thai Wire Products PCL Cyclically Adjusted Price-to-FCF?

As of today (2024-05-18), Thai Wire Products PCL's current share price is ฿1.85. Thai Wire Products PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ฿0.09. Thai Wire Products PCL's Cyclically Adjusted Price-to-FCF for today is 20.56.

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

BKK:TWP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.95   Med: 16.7   Max: 83.5
Current: 21.4

During the past years, Thai Wire Products PCL's highest Cyclically Adjusted Price-to-FCF was 83.50. The lowest was 8.95. And the median was 16.70.

BKK:TWP's Cyclically Adjusted Price-to-FCF is ranked worse than
63.64% of 198 companies
in the Building Materials industry
Industry Median: 15.66 vs BKK:TWP: 21.40

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.

Thai Wire Products PCL's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ฿-0.040. 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 ฿0.09 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Wire Products PCL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Thai Wire Products 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.

Thai Wire Products PCL Cyclically Adjusted Price-to-FCF Chart

Thai Wire Products 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 15.18 11.04 90.74 35.19 23.37

Thai Wire Products 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 35.19 21.82 23.94 23.32 23.37

Competitive Comparison of Thai Wire Products PCL's Cyclically Adjusted Price-to-FCF

For the Building Materials subindustry, Thai Wire Products 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.


Thai Wire Products PCL's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Thai Wire Products PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Thai Wire Products 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.

Thai Wire Products PCL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.85/0.09
=20.56

* 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.

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

For example, Thai Wire Products 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)
=-0.04/129.4194*129.4194
=-0.040

Current CPI (Dec. 2023) = 129.4194.

Thai Wire Products PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.053 99.695 0.069
201406 0.095 100.560 0.122
201409 -0.009 100.428 -0.012
201412 0.057 99.070 0.074
201503 0.311 99.621 0.404
201506 -0.002 100.684 -0.003
201509 0.229 100.392 0.295
201512 0.128 99.792 0.166
201603 0.065 100.470 0.084
201606 -0.115 101.688 -0.146
201609 -0.087 101.861 -0.111
201612 -0.213 101.863 -0.271
201703 0.037 102.862 0.047
201706 -0.083 103.349 -0.104
201709 -0.450 104.136 -0.559
201712 -0.252 104.011 -0.314
201803 0.025 105.290 0.031
201806 0.150 106.317 0.183
201809 -0.297 106.507 -0.361
201812 0.232 105.998 0.283
201903 0.323 107.251 0.390
201906 -0.446 108.070 -0.534
201909 -0.287 108.329 -0.343
201912 0.350 108.420 0.418
202003 -0.008 108.902 -0.010
202006 0.704 108.767 0.838
202009 0.210 109.815 0.247
202012 -0.115 109.897 -0.135
202103 0.089 111.754 0.103
202106 -0.891 114.631 -1.006
202109 -0.866 115.734 -0.968
202112 0.551 117.630 0.606
202203 -0.671 121.301 -0.716
202206 -0.084 125.017 -0.087
202209 0.640 125.227 0.661
202212 1.050 125.222 1.085
202303 0.339 127.348 0.345
202306 -0.155 128.729 -0.156
202309 0.289 129.860 0.288
202312 -0.040 129.419 -0.040

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.


Thai Wire Products PCL  (BKK:TWP) 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.


Thai Wire Products PCL Cyclically Adjusted Price-to-FCF Related Terms

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


Thai Wire Products PCL (BKK:TWP) Business Description

Traded in Other Exchanges
N/A
Address
101/88 Moo 20 Nava Nakorn Industrial Estate, Khlong Nueng, Khlong Luang, Pathum Thani, THA, 12120
Thai Wire Products PCL is a manufacturer and seller of prestressed concrete wire. The prestressed concrete single wire is used in various kinds of construction work demanding strength and durability due to the enormous weight involved. The company is also involved in production of steel wires and operates in Thailand.

Thai Wire Products PCL (BKK:TWP) Headlines

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