CK Power PCL (BKK:CKP-R) Capex-to-Operating-Cash-Flow: 0.21 (As of Jun. 2026) — 320% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:CKP-R CK Power PCL BKK:CKP-R
70 GF Score
Price ฿2.30
GF Value ฿2.59
! 8 Warning Signs
View Full Analysis

What is CK Power PCL Capex-to-Operating-Cash-Flow?

CK Power PCL BKK:CKP-R 70 Capex-to-Operating-Cash-Flow is 0.21 as of Jun. 2026, which is 320% above its 10-year median of 0.05. GuruFocus rates BKK:CKP-R with a GF Score™ of 70/100 and a GF Value™ of ฿2.59. The stock has 8 warning signs investors should review. Among 256 Utilities - Independent Power Producers companies, CK Power PCL ranks better than 90.62% on this metric.

Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.

CK Power PCL's Capital Expenditure for the three months ended in Jun. 2026 was ฿-81.08 Mil. Its Cash Flow from Operations for the three months ended in Jun. 2026 was ฿385.94 Mil.

Hence, CK Power PCL's Capex-to-Operating-Cash-Flow for the three months ended in Jun. 2026 was 0.21.


CK Power PCL  (BKK:CKP-R) Capex-to-Operating-Cash-Flow Explanation

Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.

Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.


CK Power PCL Capex-to-Operating-Cash-Flow Related Terms


CK Power PCL Capex-to-Operating-Cash-Flow Historical Data

* Premium members only.

The historical data trend for CK Power PCL's Capex-to-Operating-Cash-Flow 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.

CK Power PCL Capex-to-Operating-Cash-Flow Chart

CK Power PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Capex-to-Operating-Cash-Flow
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.03 0.05 0.03

CK Power PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Capex-to-Operating-Cash-Flow 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 0.02 0.04 0.03 0.07 0.21

BKK:CKP-R vs CEG, VST, NRG: Capex-to-Operating-Cash-Flow Comparison

For the Utilities - Independent Power Producers subindustry, CK Power PCL's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow 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.


CK Power PCL Capex-to-Operating-Cash-Flow vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CK Power PCL's Capex-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where CK Power PCL's Capex-to-Operating-Cash-Flow falls into.


BKK:CKP-R
70GF Score
CK Power PCL BKK:CKP-R
Capex-to-Operating-Cash-Flow is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CK Power PCL Capex-to-Operating-Cash-Flow Calculation

CK Power PCL's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Dec. 2025 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (-162.315) / 4944.693
=0.03

CK Power PCL's Capex-to-Operating-Cash-Flow for the quarter that ended in Jun. 2026 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (-81.079) / 385.939
=0.21

* 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.

What does a Capex-to-Operating-Cash-Flow of 0.21 mean?
CK Power PCL (BKK:CKP-R) has a Capex-to-Operating-Cash-Flow of 0.21 as of Jun. 2026. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on CK Power PCL and its competitors. This is 320% above median its historical median of 0.05. Over the past decade, CK Power PCL's Capex-to-Operating-Cash-Flow has ranged from 0.01 to 0.91. According to the industry distribution chart, CK Power PCL ranks #24 out of 256 companies in the Utilities - Independent Power Producers industry, placing it in the top 9.4%.
Is CK Power PCL's Capex-to-Operating-Cash-Flow too high?
CK Power PCL's current Capex-to-Operating-Cash-Flow of 0.21 is 320% above median its 10-year median of 0.05. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.91. The Utilities - Independent Power Producers industry median Capex-to-Operating-Cash-Flow is 0.66. CK Power PCL's value of 0.21 is 67.9% below this industry median. Based on the distribution chart, CK Power PCL ranks #24 out of 256 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, CK Power PCL has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does CK Power PCL's Capex-to-Operating-Cash-Flow compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, CK Power PCL ranks #24 out of 256 companies for Capex-to-Operating-Cash-Flow. This places CK Power PCL in the top 9% of its industry — outperforming the majority of peers. The industry median Capex-to-Operating-Cash-Flow is 0.66. CK Power PCL's value of 0.21 is 67.9% below this benchmark. Historically, CK Power PCL's own Capex-to-Operating-Cash-Flow has ranged from 0.01 to 0.91 over the past decade. While the company's 10-year median is 0.05 vs. the industry median of 0.66, CK Power PCL has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Capex-to-Operating-Cash-Flow for an Utilities - Independent Power Producers company?
The median Capex-to-Operating-Cash-Flow among Utilities - Independent Power Producers companies is 0.66, based on 256 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CK Power PCL's current Capex-to-Operating-Cash-Flow of 0.21 is 67.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Capex-to-Operating-Cash-Flow mean?
A high Capex-to-Operating-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on CK Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Capex-to-Operating-Cash-Flow is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CK Power PCL's current Capex-to-Operating-Cash-Flow is 0.21, which is 320% above median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CK Power PCL stock overvalued right now?
CK Power PCL (BKK:CKP-R) has a current Capex-to-Operating-Cash-Flow of 0.21. The stock's GF Value™ is ฿2.59, compared to a current price of ฿2.30 — trading 11.2% below its estimated fair value. The current Capex-to-Operating-Cash-Flow is 0.21, which is 320% above median its 10-year median of 0.05 and 67.9% below the Utilities - Independent Power Producers industry median of 0.66. CK Power PCL's overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Cash-Flow calculated?
Capex-to-Operating-Cash-Flow is calculated from a company's financial statements. For CK Power PCL (BKK:CKP-R), the current Capex-to-Operating-Cash-Flow is 0.21 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CK Power PCL (BKK:CKP-R) Overvalued in 2026?

Based on GuruFocus' analysis, CK Power PCL stock appears to be undervalued. The current stock price of ฿2.30 is trading 11.2% below its estimated GF Value™ of ฿2.59.

Key valuation signals for BKK:CKP-R:

  • Capex-to-Operating-Cash-Flow: 0.21 (320% above median its 10-year median of 0.05)
  • GF Value™: ฿2.59 vs. price of ฿2.30 (11.2% below fair value)
  • GF Score™: 70/100 with 8 warning signs
  • Industry Position: 67.9% below the Utilities - Independent Power Producers median (#24 of 256)

No single metric tells the full story. See the BKK:CKP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CK Power PCL Business Description

Other Exchanges CKP:Thailand
Address Sutthisarn Road, No. 587 Viriyathavorn Building, 19th Floor, Kwaeng Ratchadapisek, Khet Dindaeng, Bangkok, THA, 10400
CK Power PCL principally engaged in investment in companies, whose principal business operation is the generation of electricity for sales, and provision of consulting services and other services relating to electricity generating projects both locally and overseas. The company's business segments are: generation of electricity from hydroelectric power, generation of electricity from solar power, and generation of electricity from thermal power, and other segments. The majority of revenue is from generation of electricity from thermal power.
70GF Score

Get the complete analysis for BKK:CKP-R

Capex-to-Operating-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿2.30
Price
฿2.59
GF Value