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Central Pattana PCL (BKK:CPN-R) Cyclically Adjusted FCF per Share : ฿4.24 (As of Mar. 2024)


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What is Central Pattana 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.

Central Pattana PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿1.421. 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 ฿4.24 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Central Pattana PCL's average Cyclically Adjusted FCF Growth Rate was 8.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.50% 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 Central Pattana PCL was 11.10% per year. The lowest was 8.00% per year. And the median was 9.10% per year.

As of today (2024-05-21), Central Pattana PCL's current stock price is ฿65.75. Central Pattana PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿4.24. Central Pattana PCL's Cyclically Adjusted Price-to-FCF of today is 15.51.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Central Pattana PCL was 42.20. The lowest was 12.79. And the median was 18.35.


Central Pattana PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Central Pattana 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.

Central Pattana PCL Cyclically Adjusted FCF per Share Chart

Central Pattana 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 2.83 3.25 3.29 3.59 3.69

Central Pattana PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.70 4.16 4.07 3.69 4.24

Competitive Comparison of Central Pattana PCL's Cyclically Adjusted FCF per Share

For the Real Estate - Diversified subindustry, Central Pattana 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.


Central Pattana PCL's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Central Pattana 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, Central Pattana PCL'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)
=1.421/131.7762*131.7762
=1.421

Current CPI (Mar. 2024) = 131.7762.

Central Pattana PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.462 100.560 3.226
201409 0.483 100.428 0.634
201412 0.962 99.070 1.280
201503 0.711 99.621 0.940
201506 0.474 100.684 0.620
201509 0.688 100.392 0.903
201512 1.004 99.792 1.326
201603 0.793 100.470 1.040
201606 0.481 101.688 0.623
201609 0.727 101.861 0.941
201612 1.104 101.863 1.428
201703 0.991 102.862 1.270
201706 0.072 103.349 0.092
201709 1.004 104.136 1.270
201712 3.423 104.011 4.337
201803 0.699 105.290 0.875
201806 0.388 106.317 0.481
201809 0.840 106.507 1.039
201812 0.954 105.998 1.186
201903 0.373 107.251 0.458
201906 0.671 108.070 0.818
201909 0.466 108.329 0.567
201912 1.518 108.420 1.845
202003 0.780 108.902 0.944
202006 -0.272 108.767 -0.330
202009 0.347 109.815 0.416
202012 0.784 109.897 0.940
202103 0.539 111.754 0.636
202106 0.239 114.631 0.275
202109 0.074 115.734 0.084
202112 0.775 117.630 0.868
202203 0.910 121.301 0.989
202206 0.917 125.017 0.967
202209 0.753 125.227 0.792
202212 0.822 125.222 0.865
202303 0.990 127.348 1.024
202306 1.043 128.729 1.068
202309 1.208 129.860 1.226
202312 1.191 129.419 1.213
202403 1.421 131.776 1.421

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


Central Pattana PCL  (BKK:CPN-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.

Central Pattana PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=65.75/4.24
=15.51

* 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 Central Pattana PCL was 42.20. The lowest was 12.79. And the median was 18.35.


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.


Central Pattana PCL Cyclically Adjusted FCF per Share Related Terms

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


Central Pattana PCL (BKK:CPN-R) Business Description

Industry
Traded in Other Exchanges
Address
999/9 Rama I Road, 31-33 Floor, The Offices at Central World, Patumwan District, Patumwan Sub-District, Bangkok, THA, 10330
Central Pattana PCL develops and manages large-scale shopping complexes, office buildings, and hotels. The company segment includes Development of shopping center buildings, office building and condominiums for rent including provision of utility services, operator of play land and water theme park in the shopping center buildings; Food center services in the shopping centers; Hotel business and Real estate business for sales of land and houses and condominium units.

Central Pattana PCL (BKK:CPN-R) Headlines

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