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Forth PCL (BKK:FORTH-R) Cyclically Adjusted FCF per Share : ฿0.75 (As of Mar. 2024)


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What is Forth 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.

Forth PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿0.074. 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 ฿0.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Forth PCL's average Cyclically Adjusted FCF Growth Rate was 20.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 22.60% 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 Forth PCL was 65.10% per year. The lowest was -5.80% per year. And the median was 12.20% per year.

As of today (2024-05-28), Forth PCL's current stock price is ฿27.02676. Forth PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿0.75. Forth PCL's Cyclically Adjusted Price-to-FCF of today is 36.04.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Forth PCL was 111.50. The lowest was 10.91. And the median was 36.17.


Forth PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Forth 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.

Forth PCL Cyclically Adjusted FCF per Share Chart

Forth 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 0.29 0.54 0.62 0.42 0.54

Forth 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 0.40 0.40 0.38 0.54 0.75

Competitive Comparison of Forth PCL's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, Forth 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.


Forth PCL's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Forth PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Forth 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, Forth 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)
=0.074/131.7762*131.7762
=0.074

Current CPI (Mar. 2024) = 131.7762.

Forth PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.069 100.560 -0.090
201409 0.099 100.428 0.130
201412 -0.218 99.070 -0.290
201503 -0.020 99.621 -0.026
201506 -0.310 100.684 -0.406
201509 1.001 100.392 1.314
201512 -0.179 99.792 -0.236
201603 0.238 100.470 0.312
201606 -0.138 101.688 -0.179
201609 0.519 101.861 0.671
201612 -0.371 101.863 -0.480
201703 -0.089 102.862 -0.114
201706 -0.226 103.349 -0.288
201709 0.302 104.136 0.382
201712 0.082 104.011 0.104
201803 0.087 105.290 0.109
201806 -0.147 106.317 -0.182
201809 0.105 106.507 0.130
201812 0.262 105.998 0.326
201903 0.869 107.251 1.068
201906 0.304 108.070 0.371
201909 0.249 108.329 0.303
201912 0.162 108.420 0.197
202003 0.140 108.902 0.169
202006 0.313 108.767 0.379
202009 0.516 109.815 0.619
202012 0.084 109.897 0.101
202103 0.210 111.754 0.248
202106 0.258 114.631 0.297
202109 0.159 115.734 0.181
202112 -0.188 117.630 -0.211
202203 0.007 121.301 0.008
202206 -0.411 125.017 -0.433
202209 -0.167 125.227 -0.176
202212 -0.234 125.222 -0.246
202303 -0.035 127.348 -0.036
202306 -0.175 128.729 -0.179
202309 0.184 129.860 0.187
202312 0.632 129.419 0.644
202403 0.074 131.776 0.074

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


Forth PCL  (BKK:FORTH-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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=27.02676/0.75
=36.04

* 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 Forth PCL was 111.50. The lowest was 10.91. And the median was 36.17.


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.


Forth PCL Cyclically Adjusted FCF per Share Related Terms

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


Forth PCL (BKK:FORTH-R) Business Description

Industry
Traded in Other Exchanges
Address
1053/1, Phaholyothin Road, Phayathai Sub-district, Phayathai District, Bangkok, THA, 10400
Forth Corp PCL is engaged in the manufacture and distribution of electronic equipment and project work relating to design and install telecommunication equipment. The company is organized into business units based on its products and services and have three reportable segments as follows - Electronics Manufacturing Service segment designs manufactures of consigns and turnkey projects, and sales of semiconductor electronic parts. Enterprise solutions business segment that bids for project work, sources, subcontracts and install various systems for the government and private sectors. The Smart service business segment provides online financial transaction services and sells products and services through vending machines. The company and its subsidiaries are operated in Thailand only.

Forth PCL (BKK:FORTH-R) Headlines

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