Indara Insurance PCL (BKK:INSURE) Cyclically Adjusted FCF per Share: ฿-29.39 (As of Mar. 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:INSURE Indara Insurance PCL BKK:INSURE
52 GF Score
Price ฿51.00
GF Value ฿152.73
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Indara Insurance PCL Cyclically Adjusted FCF per Share?

Indara Insurance PCL BKK:INSURE 52 Cyclically Adjusted FCF per Share is ฿-29.39 as of Mar. 2026. GuruFocus rates BKK:INSURE with a GF Score™ of 52/100 and a GF Value™ of ฿152.73 (Significantly Undervalued). The stock has 2 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.

Indara Insurance PCL's adjusted free cash flow per share for the three months ended in Mar. 2026 was ฿-42.063. 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 ฿-29.39 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -22.90% 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 Indara Insurance PCL was -12.30% per year. The lowest was -25.10% per year. And the median was -22.90% per year.

As of today (2026-07-22), Indara Insurance PCL's current stock price is ฿51.00. Indara Insurance PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ฿-29.39. Indara Insurance PCL's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Indara Insurance PCL was 69.93. The lowest was 8.00. And the median was 19.22.


Indara Insurance PCL  (BKK:INSURE) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Indara Insurance PCL was 69.93. The lowest was 8.00. And the median was 19.22.


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.


Indara Insurance PCL Cyclically Adjusted FCF per Share Related Terms


Indara Insurance PCL Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Indara Insurance 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.

Indara Insurance PCL Cyclically Adjusted FCF per Share Chart

Indara Insurance 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 1.82 -13.37 -19.72 -27.11 -24.84

Indara Insurance PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -30.09 -28.66 -29.35 -24.84 -29.39

BKK:INSURE vs CB, PGR, TRV: Cyclically Adjusted FCF per Share Comparison

For the Insurance - Property & Casualty subindustry, Indara Insurance 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.


Indara Insurance PCL Cyclically Adjusted Price-to-FCF vs Insurance Industry

For the Insurance industry and Financial Services sector, Indara Insurance PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:INSURE
52GF Score
Indara Insurance PCL BKK:INSURE
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indara Insurance 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, Indara Insurance PCL's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-42.063/330.2130*330.2130
=-42.063

Current CPI (Mar. 2026) = 330.2130.

Indara Insurance PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 13.193 241.018 18.075
201609 -12.267 241.428 -16.778
201612 0.456 241.432 0.624
201703 4.329 243.801 5.863
201706 -0.271 244.955 -0.365
201709 -0.739 246.819 -0.989
201712 -0.642 246.524 -0.860
201803 -2.264 249.554 -2.996
201806 0.797 251.989 1.044
201809 0.680 252.439 0.890
201812 -0.373 251.233 -0.490
201903 -0.133 254.202 -0.173
201906 -2.916 256.143 -3.759
201909 4.027 256.759 5.179
201912 -4.096 256.974 -5.263
202003 2.141 258.115 2.739
202006 1.814 257.797 2.324
202009 0.868 260.280 1.101
202012 -1.496 260.474 -1.897
202103 0.477 264.877 0.595
202106 0.634 271.696 0.771
202109 1.011 274.310 1.217
202112 -0.740 278.802 -0.876
202203 18.437 287.504 21.176
202206 -256.237 296.311 -285.554
202209 40.448 296.808 45.000
202212 44.290 296.797 49.277
202303 -92.493 301.836 -101.189
202306 -1.777 305.109 -1.923
202309 29.448 307.789 31.593
202312 14.094 306.746 15.172
202403 -73.565 312.332 -77.777
202406 10.658 314.175 11.202
202409 4.018 315.301 4.208
202412 1.226 315.605 1.283
202503 -27.340 319.799 -28.230
202506 17.703 322.561 18.123
202509 -6.300 324.800 -6.405
202512 45.358 324.054 46.220
202603 -42.063 330.213 -42.063

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 ฿-29.39 mean?
Indara Insurance PCL (BKK:INSURE) has a Cyclically Adjusted FCF per Share of ฿-29.39 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Indara Insurance PCL and its competitors.
Is Indara Insurance PCL's Cyclically Adjusted FCF per Share too high?
Indara Insurance PCL's current Cyclically Adjusted FCF per Share is ฿-29.39. Overall, Indara Insurance PCL has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indara Insurance PCL's Cyclically Adjusted FCF per Share compare to CB and PGR?
Indara Insurance PCL's Cyclically Adjusted FCF per Share of ฿-29.39 can be compared against companies in the Insurance 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 an Insurance company?
A good Cyclically Adjusted FCF per Share depends on the Insurance 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 Indara Insurance PCL and its competitors. Indara Insurance PCL's current Cyclically Adjusted FCF per Share is ฿-29.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indara Insurance PCL stock overvalued right now?
Based on GuruFocus' analysis, Indara Insurance PCL (BKK:INSURE) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿152.73, compared to a current price of ฿51.00 — trading 66.6% below its estimated fair value. The current Cyclically Adjusted FCF per Share is ฿-29.39. Indara Insurance PCL's overall GF Score™ is 52/100 with 2 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 Indara Insurance PCL (BKK:INSURE), the current Cyclically Adjusted FCF per Share is ฿-29.39 as of Mar. 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 Indara Insurance PCL (BKK:INSURE) Overvalued in 2026?

Based on GuruFocus' analysis, Indara Insurance PCL stock appears to be undervalued. The current stock price of ฿51.00 is trading 66.6% below its estimated GF Value™ of ฿152.73. GuruFocus considers Indara Insurance PCL to be Significantly Undervalued.

Key valuation signals for BKK:INSURE:

  • Cyclically Adjusted FCF per Share: ฿-29.39
  • GF Value™: ฿152.73 vs. price of ฿51.00 (66.6% below fair value)
  • GF Score™: 52/100 with 2 warning signs

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


Indara Insurance PCL Business Description

Address Silom Road, No. 315 Thai Group Building, 3rd - 4th Floor, Silom Sub-district, Bangrak District, Bangkok, THA, 10500
Indara Insurance PCL is a Thailand-based company engaged in the provision of non-life insurance. The company operates in business segments: Motor and Others such as Property, Marine and transportation, Accident and health and Miscellaneous insurance. Majority of revenue is from Motor. The company operates mainly in Thailand. Its Individual Insurance involves Car insurance, Accident and health insurance, Travel insurance, and Home insurance. Its Business Insurance includes: Engineering Insurance, Cargo and hull insurance, Property insurance, and Other insurance.
52GF Score

Get the complete analysis for BKK:INSURE

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

฿51.00
Price
฿152.73
GF Value