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PTT Exploration & Production PCL (BKK:PTTEP) Cyclically Adjusted FCF per Share : ฿16.07 (As of Mar. 2024)


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What is PTT Exploration & Production 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.

PTT Exploration & Production PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿10.105. 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 ฿16.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PTT Exploration & Production PCL's average Cyclically Adjusted FCF Growth Rate was 4.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.90% 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 PTT Exploration & Production PCL was 17.60% per year. The lowest was 10.20% per year. And the median was 14.10% per year.

As of today (2024-05-16), PTT Exploration & Production PCL's current stock price is ฿154.50. PTT Exploration & Production PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿16.07. PTT Exploration & Production PCL's Cyclically Adjusted Price-to-FCF of today is 9.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PTT Exploration & Production PCL was 20.45. The lowest was 5.70. And the median was 10.49.


PTT Exploration & Production PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PTT Exploration & Production 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.

PTT Exploration & Production PCL Cyclically Adjusted FCF per Share Chart

PTT Exploration & Production 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 11.10 11.88 13.50 15.22 15.89

PTT Exploration & Production 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 15.37 15.98 15.40 15.89 16.07

Competitive Comparison of PTT Exploration & Production PCL's Cyclically Adjusted FCF per Share

For the Oil & Gas E&P subindustry, PTT Exploration & Production 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.


PTT Exploration & Production PCL's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PTT Exploration & Production PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PTT Exploration & Production PCL's Cyclically Adjusted Price-to-FCF falls into.



PTT Exploration & Production 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, PTT Exploration & Production 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)
=10.105/131.7762*131.7762
=10.105

Current CPI (Mar. 2024) = 131.7762.

PTT Exploration & Production PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.082 100.560 -2.728
201409 6.229 100.428 8.173
201412 3.581 99.070 4.763
201503 4.194 99.621 5.548
201506 -3.059 100.684 -4.004
201509 2.960 100.392 3.885
201512 4.505 99.792 5.949
201603 4.049 100.470 5.311
201606 -0.166 101.688 -0.215
201609 3.968 101.861 5.133
201612 3.209 101.863 4.151
201703 3.717 102.862 4.762
201706 0.882 103.349 1.125
201709 2.757 104.136 3.489
201712 3.932 104.011 4.982
201803 5.635 105.290 7.053
201806 -0.793 106.317 -0.983
201809 6.039 106.507 7.472
201812 6.229 105.998 7.744
201903 4.651 107.251 5.715
201906 0.762 108.070 0.929
201909 5.853 108.329 7.120
201912 6.506 108.420 7.908
202003 5.399 108.902 6.533
202006 -0.907 108.767 -1.099
202009 4.773 109.815 5.728
202012 2.936 109.897 3.521
202103 3.055 111.754 3.602
202106 2.478 114.631 2.849
202109 4.414 115.734 5.026
202112 4.300 117.630 4.817
202203 6.972 121.301 7.574
202206 0.582 125.017 0.613
202209 0.507 125.227 0.534
202212 7.294 125.222 7.676
202303 6.948 127.348 7.190
202306 -2.077 128.729 -2.126
202309 0.292 129.860 0.296
202312 7.221 129.419 7.352
202403 10.105 131.776 10.105

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


PTT Exploration & Production PCL  (BKK:PTTEP) 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.

PTT Exploration & Production PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=154.50/16.07
=9.61

* 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 PTT Exploration & Production PCL was 20.45. The lowest was 5.70. And the median was 10.49.


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.


PTT Exploration & Production PCL Cyclically Adjusted FCF per Share Related Terms

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


PTT Exploration & Production PCL (BKK:PTTEP) Business Description

Address
Vibhavadi-Rangsit Road, 555/1 Energy Complex Building A, 6th and 19th –36th Floor, Chatuchak, Bangkok, THA, 10900
PTT Exploration & Production PCL operates oil and gas production, development, and exploration projects globally. Projects are composed of both onshore and offshore operations and are sometimes underpinned by partnerships with other producers. Traditionally, natural gas has been the leading revenue generator for the group, however, sales have also been generated from crude oil, liquefied petroleum gas, condensate and bitumen. Alongside exploration and production activities, the company also engages in technology services, property leasing, gas transmission, and other businesses through subsidiaries.

PTT Exploration & Production PCL (BKK:PTTEP) Headlines

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