Hwa Fong Rubber (Thailand) PCL (BKK:HFT) Cyclically Adjusted FCF per Share: ฿0.34 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:HFT Hwa Fong Rubber (Thailand) PCL BKK:HFT
60 GF Score
Price ฿4.14
GF Value ฿3.89
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Hwa Fong Rubber (Thailand) PCL Cyclically Adjusted FCF per Share?

Hwa Fong Rubber (Thailand) PCL BKK:HFT +0.49% 60 Cyclically Adjusted FCF per Share is ฿0.34 as of Jun. 2026. GuruFocus rates BKK:HFT with a GF Score™ of 60/100 and a GF Value™ of ฿3.89 (Fairly Valued). The stock has 6 warning signs investors should review.

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.

Hwa Fong Rubber (Thailand) PCL's adjusted free cash flow per share for the three months ended in Jun. 2026 was ฿0.040. 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 ฿0.34 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.80% 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 Hwa Fong Rubber (Thailand) PCL was 12.50% per year. The lowest was -25.50% per year. And the median was 7.70% per year.

As of today (2026-08-26), Hwa Fong Rubber (Thailand) PCL's current stock price is ฿4.14. Hwa Fong Rubber (Thailand) PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿0.34. Hwa Fong Rubber (Thailand) PCL's Cyclically Adjusted Price-to-FCF of today is 12.18.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hwa Fong Rubber (Thailand) PCL was 35.00. The lowest was 4.16. And the median was 12.40.


Hwa Fong Rubber (Thailand) PCL  (BKK:HFT) 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.

Hwa Fong Rubber (Thailand) PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.14/0.34
=12.18

* 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 Hwa Fong Rubber (Thailand) PCL was 35.00. The lowest was 4.16. And the median was 12.40.


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.


Hwa Fong Rubber (Thailand) PCL Cyclically Adjusted FCF per Share Related Terms


Hwa Fong Rubber (Thailand) PCL Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Hwa Fong Rubber (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.

Hwa Fong Rubber (Thailand) PCL Cyclically Adjusted FCF per Share Chart

Hwa Fong Rubber (Thailand) PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.32 0.35 0.37 0.33

Hwa Fong Rubber (Thailand) PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.34 0.34 0.33 0.34 0.34

BKK:HFT vs ORLY, AZO: Cyclically Adjusted FCF per Share Comparison

For the Auto Parts subindustry, Hwa Fong Rubber (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.


Hwa Fong Rubber (Thailand) PCL Cyclically Adjusted Price-to-FCF vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hwa Fong Rubber (Thailand) PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:HFT
60GF Score
Hwa Fong Rubber (Thailand) PCL BKK:HFT
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hwa Fong Rubber (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, Hwa Fong Rubber (Thailand) PCL's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.04/333.9520*333.9520
=0.040

Current CPI (Jun. 2026) = 333.9520.

Hwa Fong Rubber (Thailand) PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.128 241.428 0.177
201612 0.262 241.432 0.362
201703 -0.153 243.801 -0.210
201706 0.011 244.955 0.015
201709 -0.174 246.819 -0.235
201712 -0.036 246.524 -0.049
201803 -0.128 249.554 -0.171
201806 -0.318 251.989 -0.421
201809 0.135 252.439 0.179
201812 0.019 251.233 0.025
201903 0.101 254.202 0.133
201906 0.189 256.143 0.246
201909 0.046 256.759 0.060
201912 0.097 256.974 0.126
202003 0.068 258.115 0.088
202006 0.085 257.797 0.110
202009 -0.035 260.280 -0.045
202012 0.336 260.474 0.431
202103 0.042 264.877 0.053
202106 -0.005 271.696 -0.006
202109 -0.377 274.310 -0.459
202112 0.282 278.802 0.338
202203 -0.048 287.504 -0.056
202206 0.110 296.311 0.124
202209 0.432 296.808 0.486
202212 0.537 296.797 0.604
202303 0.147 301.836 0.163
202306 0.134 305.109 0.147
202309 0.063 307.789 0.068
202312 0.251 306.746 0.273
202403 0.188 312.332 0.201
202406 0.078 314.175 0.083
202409 0.042 315.301 0.044
202412 -0.157 315.605 -0.166
202503 0.059 319.799 0.062
202506 0.011 322.561 0.011
202509 0.224 324.800 0.230
202512 0.195 324.054 0.201
202603 0.119 330.213 0.120
202606 0.040 333.952 0.040

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

What does a Cyclically Adjusted FCF per Share of ฿0.34 mean?
Hwa Fong Rubber (Thailand) PCL (BKK:HFT) has a Cyclically Adjusted FCF per Share of ฿0.34 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Hwa Fong Rubber (Thailand) PCL and its competitors.
Is Hwa Fong Rubber (Thailand) PCL's Cyclically Adjusted FCF per Share too high?
Hwa Fong Rubber (Thailand) PCL's current Cyclically Adjusted FCF per Share is ฿0.34. Overall, Hwa Fong Rubber (Thailand) PCL has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hwa Fong Rubber (Thailand) PCL's Cyclically Adjusted FCF per Share compare to ORLY and AZO?
Hwa Fong Rubber (Thailand) PCL's Cyclically Adjusted FCF per Share of ฿0.34 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Vehicles & Parts company?
A good Cyclically Adjusted FCF per Share depends on the Vehicles & Parts industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Hwa Fong Rubber (Thailand) PCL and its competitors. Hwa Fong Rubber (Thailand) PCL's current Cyclically Adjusted FCF per Share is ฿0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hwa Fong Rubber (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, Hwa Fong Rubber (Thailand) PCL (BKK:HFT) is currently considered Fairly Valued. The stock's GF Value™ is ฿3.89, compared to a current price of ฿4.14 — trading 6.4% above its estimated fair value. The current Cyclically Adjusted FCF per Share is ฿0.34. Hwa Fong Rubber (Thailand) PCL's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Hwa Fong Rubber (Thailand) PCL (BKK:HFT), the current Cyclically Adjusted FCF per Share is ฿0.34 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hwa Fong Rubber (Thailand) PCL (BKK:HFT) Overvalued in 2026?

Based on GuruFocus' analysis, Hwa Fong Rubber (Thailand) PCL stock appears to be overvalued. The current stock price of ฿4.14 is trading 6.4% above its estimated GF Value™ of ฿3.89. GuruFocus considers Hwa Fong Rubber (Thailand) PCL to be Fairly Valued.

Key valuation signals for BKK:HFT:

  • Cyclically Adjusted FCF per Share: ฿0.34
  • GF Value™: ฿3.89 vs. price of ฿4.14 (6.4% above fair value)
  • GF Score™: 60/100 with 6 warning signs

No single metric tells the full story. See the BKK:HFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hwa Fong Rubber (Thailand) PCL Business Description

Address No. 317 Moo 4, Soi 6C, Bangpoo Industrial Estate, Phraeksa Subdistrict, Mueang Samut Prakan District, Samut Prakarn, THA, 10280
Hwa Fong Rubber (Thailand) PCL is a Thailand-based company engaged in the manufacturing and distribution of tires and tubes for bicycles, motorcycles, and small logistics vehicles such as trolley forklifts, golf carts, and hiking carts. The company operates in two reportable segments: Sale of goods and services, which derives maximum revenue, and Investment. Geographically, the company's business is spread across Asia, Europe, America, and Other regions.
60GF Score

Get the complete analysis for BKK:HFT

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿4.14
Price
฿3.89
GF Value