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AP (Thailand) PCL (BKK:AP) Cyclically Adjusted FCF per Share : ฿-0.85 (As of Sep. 2024)


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What is AP (Thailand) PCL Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

AP (Thailand) PCL's adjusted free cash flow per share for the three months ended in Sep. 2024 was ฿0.851. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ฿-0.85 for the trailing ten years ended in Sep. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -15.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -3.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of AP (Thailand) PCL was 11.50% per year. The lowest was -15.60% per year. And the median was -0.70% per year.

As of today (2025-01-18), AP (Thailand) PCL's current stock price is ฿7.65. AP (Thailand) PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was ฿-0.85. AP (Thailand) PCL's Cyclically Adjusted Price-to-FCF of today is .


AP (Thailand) PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AP (Thailand) PCL's Cyclically Adjusted FCF per Share 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.

AP (Thailand) PCL Cyclically Adjusted FCF per Share Chart

AP (Thailand) PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.85 -0.55 -0.40 -0.59 -0.85

AP (Thailand) PCL Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted FCF per Share 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 -0.71 -0.85 -0.83 -0.85 -0.85

Competitive Comparison of AP (Thailand) PCL's Cyclically Adjusted FCF per Share

For the Real Estate - Development subindustry, AP (Thailand) 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.


AP (Thailand) PCL's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, AP (Thailand) PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where AP (Thailand) PCL's Cyclically Adjusted Price-to-FCF falls into.



AP (Thailand) PCL Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, AP (Thailand) PCL's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.851/133.0289*133.0289
=0.851

Current CPI (Sep. 2024) = 133.0289.

AP (Thailand) PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.174 99.070 -0.234
201503 -0.793 99.621 -1.059
201506 0.247 100.684 0.326
201509 0.021 100.392 0.028
201512 0.366 99.792 0.488
201603 -0.721 100.470 -0.955
201606 -0.017 101.688 -0.022
201609 -0.047 101.861 -0.061
201612 0.643 101.863 0.840
201703 -0.760 102.862 -0.983
201706 -0.404 103.349 -0.520
201709 -0.561 104.136 -0.717
201712 -0.385 104.011 -0.492
201803 -0.673 105.290 -0.850
201806 -0.560 106.317 -0.701
201809 -0.117 106.507 -0.146
201812 0.350 105.998 0.439
201903 -0.326 107.251 -0.404
201906 -1.389 108.070 -1.710
201909 -0.753 108.329 -0.925
201912 -0.741 108.420 -0.909
202003 -0.187 108.902 -0.228
202006 0.757 108.767 0.926
202009 1.139 109.815 1.380
202012 0.591 109.897 0.715
202103 0.512 111.754 0.609
202106 0.347 114.631 0.403
202109 0.367 115.734 0.422
202112 -0.619 117.630 -0.700
202203 0.777 121.301 0.852
202206 0.097 125.017 0.103
202209 -0.491 125.227 -0.522
202212 -1.030 125.222 -1.094
202303 -1.216 127.348 -1.270
202306 -1.119 128.729 -1.156
202309 -0.629 129.860 -0.644
202312 -0.507 129.419 -0.521
202403 -0.303 131.776 -0.306
202406 0.257 132.554 0.258
202409 0.851 133.029 0.851

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


AP (Thailand) PCL  (BKK:AP) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


AP (Thailand) PCL Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of AP (Thailand) PCL's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


AP (Thailand) PCL Business Description

Industry
Traded in Other Exchanges
Address
New Rajadapisek Road, No. 170/57, 18th Floor, Ocean Tower I Building, Klongtoey sub district, Klongtoey district, Bangkok, THA, 10110
AP (Thailand) PCL and its subsidiaries operate in property development with a focus on residential projects including townhouses, single-detached houses, and condominiums. The company derives the vast majority of its income from property sales. AP's projects are mainly in central business districts and residential areas with easy access to public transportation in Bangkok. In addition, AP operates subsidiaries that provide property-related services, namely Smart Service and Management, which provides property management services, and Bangkok CitiSmart, which provides property brokerage services.