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Bangkok Airways PCL (BKK:BA-R) Cyclically Adjusted FCF per Share : ฿0.35 (As of Mar. 2025)


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What is Bangkok Airways 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.

Bangkok Airways PCL's adjusted free cash flow per share for the three months ended in Mar. 2025 was ฿1.124. 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 ฿0.35 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Bangkok Airways PCL's average Cyclically Adjusted FCF Growth Rate was 240.00% 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.

As of today (2025-07-09), Bangkok Airways PCL's current stock price is ฿12.81447. Bangkok Airways PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ฿0.35. Bangkok Airways PCL's Cyclically Adjusted Price-to-FCF of today is 36.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bangkok Airways PCL was 224.00. The lowest was 32.65. And the median was 98.54.


Bangkok Airways PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bangkok Airways 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.

Bangkok Airways PCL Cyclically Adjusted FCF per Share Chart

Bangkok Airways PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -0.31 -0.05 0.30

Bangkok Airways PCL Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.09 0.13 0.14 0.30 0.35

Competitive Comparison of Bangkok Airways PCL's Cyclically Adjusted FCF per Share

For the Airlines subindustry, Bangkok Airways 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.


Bangkok Airways PCL's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Bangkok Airways PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Bangkok Airways 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, Bangkok Airways PCL's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.124/134.9266*134.9266
=1.124

Current CPI (Mar. 2025) = 134.9266.

Bangkok Airways PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.164 100.684 0.220
201509 0.552 100.392 0.742
201512 0.096 99.792 0.130
201603 0.734 100.470 0.986
201606 0.057 101.688 0.076
201609 0.056 101.861 0.074
201612 -0.105 101.863 -0.139
201703 0.178 102.862 0.233
201706 -0.162 103.349 -0.211
201709 -0.100 104.136 -0.130
201712 -0.213 104.011 -0.276
201803 0.547 105.290 0.701
201806 0.016 106.317 0.020
201809 0.057 106.507 0.072
201812 -0.900 105.998 -1.146
201903 0.127 107.251 0.160
201906 -0.472 108.070 -0.589
201909 0.024 108.329 0.030
201912 -0.128 108.420 -0.159
202003 -0.228 108.902 -0.282
202006 -1.532 108.767 -1.900
202009 -0.398 109.815 -0.489
202012 -0.236 109.897 -0.290
202103 -0.225 111.754 -0.272
202106 -0.332 114.631 -0.391
202109 -0.458 115.734 -0.534
202112 -0.078 117.630 -0.089
202203 -0.069 121.301 -0.077
202206 0.207 125.017 0.223
202209 0.001 125.227 0.001
202212 0.503 125.222 0.542
202303 0.837 127.348 0.887
202306 0.565 128.729 0.592
202309 0.539 129.860 0.560
202312 0.445 129.419 0.464
202403 1.283 131.776 1.314
202406 0.465 132.554 0.473
202409 0.209 133.029 0.212
202412 0.581 133.157 0.589
202503 1.124 134.927 1.124

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


Bangkok Airways PCL  (BKK:BA-R) 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.

Bangkok Airways PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=12.81447/0.35
=36.61

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bangkok Airways PCL was 224.00. The lowest was 32.65. And the median was 98.54.


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.


Bangkok Airways PCL Cyclically Adjusted FCF per Share Related Terms

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


Bangkok Airways PCL Business Description

Industry
Traded in Other Exchanges
Address
99 Moo 14, Vibhavadirangsit Road, Chom Phon, Chatuchak, Bangkok, THA, 10900
Bangkok Airways PCL is principally engaged in the provision of air transportation and airport services. It operates in three segments; The airline segment sells tickets and provides services to passengers, the airport segment provides location services for passengers and airlines, and the supporting airline business segment, which provides ground handling, cargo, and catering services for airlines and customers. The majority of revenue is from the Airline segment. It mainly operates in Thailand.

Bangkok Airways PCL Headlines

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