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Pico (Thailand) PCL (BKK:PICO-R) Cyclically Adjusted FCF per Share : ฿0.21 (As of Apr. 2025)


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What is Pico (Thailand) 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.

Pico (Thailand) PCL's adjusted free cash flow per share for the three months ended in Apr. 2025 was ฿-0.039. 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 ฿0.21 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Pico (Thailand) PCL's average Cyclically Adjusted FCF Growth Rate was 44.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -3.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -11.40% 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 Pico (Thailand) PCL was 15.10% per year. The lowest was -29.50% per year. And the median was -11.50% per year.

As of today (2025-07-15), Pico (Thailand) PCL's current stock price is ฿3.30. Pico (Thailand) PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2025 was ฿0.21. Pico (Thailand) PCL's Cyclically Adjusted Price-to-FCF of today is 15.71.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Pico (Thailand) PCL was 77.14. The lowest was 9.69. And the median was 19.90.


Pico (Thailand) PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Pico (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.

* Premium members only.

Pico (Thailand) PCL Cyclically Adjusted FCF per Share Chart

Pico (Thailand) PCL Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.17 0.07 0.14 0.23

Pico (Thailand) PCL Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 0.18 0.23 0.23 0.17 0.21

Competitive Comparison of Pico (Thailand) PCL's Cyclically Adjusted FCF per Share

For the Advertising Agencies subindustry, Pico (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.


Pico (Thailand) PCL's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Pico (Thailand) PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Pico (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, Pico (Thailand) PCL's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=-0.039/135.3468*135.3468
=-0.039

Current CPI (Apr. 2025) = 135.3468.

Pico (Thailand) PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201507 -0.048 100.691 -0.065
201510 0.729 100.346 0.983
201601 -0.168 99.957 -0.227
201604 -0.378 100.947 -0.507
201607 0.270 101.524 0.360
201610 0.551 101.988 0.731
201701 0.530 102.456 0.700
201704 -0.096 103.167 -0.126
201707 -0.153 103.278 -0.201
201710 0.433 104.070 0.563
201801 -0.363 104.578 -0.470
201804 0.495 105.708 0.634
201807 0.288 106.324 0.367
201810 0.400 106.695 0.507
201901 -0.123 106.200 -0.157
201904 -0.429 107.818 -0.539
201907 -0.010 108.250 -0.013
201910 -0.200 108.577 -0.249
202001 0.257 108.841 0.320
202004 -0.036 108.173 -0.045
202007 -0.226 109.318 -0.280
202010 0.028 109.861 0.034
202101 0.129 110.364 0.158
202104 -0.314 112.673 -0.377
202107 -0.086 115.183 -0.101
202110 0.027 116.696 0.031
202201 -0.014 118.619 -0.016
202204 0.076 121.978 0.084
202207 -0.014 125.002 -0.015
202210 -0.209 125.734 -0.225
202301 0.304 126.223 0.326
202304 -0.190 127.992 -0.201
202307 0.413 128.974 0.433
202310 -0.102 129.810 -0.106
202401 0.386 130.124 0.401
202404 -0.052 132.289 -0.053
202407 0.160 132.708 0.163
202410 -0.022 133.182 -0.022
202501 -0.117 134.029 -0.118
202504 -0.039 135.347 -0.039

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


Pico (Thailand) PCL  (BKK:PICO-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.

Pico (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
=3.30/0.21
=15.71

* 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 Pico (Thailand) PCL was 77.14. The lowest was 9.69. And the median was 19.90.


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.


Pico (Thailand) PCL Cyclically Adjusted FCF per Share Related Terms

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


Pico (Thailand) PCL Business Description

Traded in Other Exchanges
Address
Sukhumvit Road, 10 Soi Lasalle 56, Bangna Tai, Bang Na District, Bangkok, THA, 10260
Pico (Thailand) PCL offers experiential marketing services. The company along with its subsidiaries operates in five segments including, the exhibition business, event marketing business, learning center and museum business, knowledge communication business, and other businesses. The company derives maximum revenue from the Event Marketing segment. These operations are mainly carried out in Thailand.

Pico (Thailand) PCL Headlines

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