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Sahamit Machinery PCL (BKK:SMIT) Cyclically Adjusted FCF per Share : ฿0.48 (As of Mar. 2024)


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What is Sahamit Machinery 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.

Sahamit Machinery PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿0.031. 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 ฿0.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sahamit Machinery PCL's average Cyclically Adjusted FCF Growth Rate was -4.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.40% 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 Sahamit Machinery PCL was 5.30% per year. The lowest was 2.20% per year. And the median was 4.60% per year.

As of today (2024-06-05), Sahamit Machinery PCL's current stock price is ฿4.48. Sahamit Machinery PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿0.48. Sahamit Machinery PCL's Cyclically Adjusted Price-to-FCF of today is 9.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sahamit Machinery PCL was 14.86. The lowest was 6.59. And the median was 9.40.


Sahamit Machinery PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sahamit Machinery 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.

Sahamit Machinery PCL Cyclically Adjusted FCF per Share Chart

Sahamit Machinery 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 0.42 0.45 0.49 0.48 0.48

Sahamit Machinery 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 0.50 0.50 0.51 0.48 0.48

Competitive Comparison of Sahamit Machinery PCL's Cyclically Adjusted FCF per Share

For the Steel subindustry, Sahamit Machinery 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.


Sahamit Machinery PCL's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Sahamit Machinery PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Sahamit Machinery 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, Sahamit Machinery 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)
=0.031/131.7762*131.7762
=0.031

Current CPI (Mar. 2024) = 131.7762.

Sahamit Machinery PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.066 100.560 0.086
201409 0.206 100.428 0.270
201412 0.071 99.070 0.094
201503 0.097 99.621 0.128
201506 0.066 100.684 0.086
201509 0.029 100.392 0.038
201512 0.176 99.792 0.232
201603 0.255 100.470 0.334
201606 -0.002 101.688 -0.003
201609 0.134 101.861 0.173
201612 0.225 101.863 0.291
201703 -0.033 102.862 -0.042
201706 0.015 103.349 0.019
201709 0.046 104.136 0.058
201712 0.022 104.011 0.028
201803 0.115 105.290 0.144
201806 0.075 106.317 0.093
201809 0.133 106.507 0.165
201812 0.007 105.998 0.009
201903 0.059 107.251 0.072
201906 0.104 108.070 0.127
201909 0.068 108.329 0.083
201912 0.153 108.420 0.186
202003 0.284 108.902 0.344
202006 0.083 108.767 0.101
202009 0.151 109.815 0.181
202012 0.130 109.897 0.156
202103 0.244 111.754 0.288
202106 0.057 114.631 0.066
202109 -0.094 115.734 -0.107
202112 -0.052 117.630 -0.058
202203 0.046 121.301 0.050
202206 0.137 125.017 0.144
202209 0.087 125.227 0.092
202212 0.191 125.222 0.201
202303 0.169 127.348 0.175
202306 0.181 128.729 0.185
202309 0.154 129.860 0.156
202312 0.078 129.419 0.079
202403 0.031 131.776 0.031

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


Sahamit Machinery PCL  (BKK:SMIT) 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.

Sahamit Machinery PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.48/0.48
=9.33

* 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 Sahamit Machinery PCL was 14.86. The lowest was 6.59. And the median was 9.40.


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.


Sahamit Machinery PCL Cyclically Adjusted FCF per Share Related Terms

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


Sahamit Machinery PCL (BKK:SMIT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
42, 48 Soi chokchaijongjumroen Rama 3 Road, Bangpongpang, Yannawa, Bangkok, THA, 10120
Sahamit Machinery PCL is a thailand-based company engaged in the distribution of industrial machinery and equipment. It operates in five product groups: special steels, machine tools and tooling, pulp and paper, machinery and equipment for wood processing, and electrical engineering. The business segments of the group are; Steel and Heat treatment, Machine tools and Tooling and Others. Steel and Heat treatment include special tool steels, carbonitriding, Annealing, machinery, and carbon steels contribute majority revenue of the firm. Machine tools and tooling products include electrical discharge machine, milling cutters, and inserts for milling. It mainly operates in Thailand, and derives main revenue from the Steel and Heat treatment segment.

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