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Forth PCL (BKK:FORTH-R) Cyclically Adjusted FCF per Share : ฿0.49 (As of Dec. 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 Dec. 2024 was ฿-0.196. 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 ฿0.49 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Forth PCL's average Cyclically Adjusted FCF Growth Rate was 4.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -8.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.50% 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 Forth PCL was 65.10% per year. The lowest was -8.70% per year. And the median was 3.20% per year.

As of today (2025-07-18), Forth PCL's current stock price is ฿7.38716. Forth PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was ฿0.49. Forth PCL's Cyclically Adjusted Price-to-FCF of today is 15.08.

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 29.19.


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 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 0.54 0.62 0.42 0.54 0.49

Forth PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.54 0.76 1.15 0.92 0.49

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

For the Conglomerates 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 Conglomerates Industry

For the Conglomerates industry and Industrials 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.


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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 Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.196/133.1571*133.1571
=-0.196

Current CPI (Dec. 2024) = 133.1571.

Forth PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -0.020 99.621 -0.027
201506 -0.310 100.684 -0.410
201509 1.001 100.392 1.328
201512 -0.179 99.792 -0.239
201603 0.238 100.470 0.315
201606 -0.138 101.688 -0.181
201609 0.519 101.861 0.678
201612 -0.371 101.863 -0.485
201703 -0.089 102.862 -0.115
201706 -0.226 103.349 -0.291
201709 0.302 104.136 0.386
201712 0.082 104.011 0.105
201803 0.087 105.290 0.110
201806 -0.147 106.317 -0.184
201809 0.105 106.507 0.131
201812 0.262 105.998 0.329
201903 0.869 107.251 1.079
201906 0.304 108.070 0.375
201909 0.249 108.329 0.306
201912 0.162 108.420 0.199
202003 0.140 108.902 0.171
202006 0.313 108.767 0.383
202009 0.516 109.815 0.626
202012 0.084 109.897 0.102
202103 0.210 111.754 0.250
202106 0.258 114.631 0.300
202109 0.159 115.734 0.183
202112 -0.188 117.630 -0.213
202203 0.007 121.301 0.008
202206 -0.411 125.017 -0.438
202209 -0.167 125.227 -0.178
202212 -0.234 125.222 -0.249
202303 -0.035 127.348 -0.037
202306 -0.175 128.729 -0.181
202309 0.184 129.860 0.189
202312 0.645 129.419 0.664
202403 0.074 131.776 0.075
202406 0.099 132.554 0.099
202409 -0.174 133.029 -0.174
202412 -0.196 133.157 -0.196

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
=7.38716/0.49
=15.08

* 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 29.19.


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 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 derives maximum revenue, it 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 operates in Thailand only.

Forth PCL Headlines

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