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STP&I PCL (BKK:STPI) Cyclically Adjusted FCF per Share : ฿0.43 (As of Mar. 2024)


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What is STP&I 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.

STP&I PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿0.146. 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 ฿0.43 for the trailing ten years ended in Mar. 2024.

During the past 12 months, STP&I PCL's average Cyclically Adjusted FCF Growth Rate was 87.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.50% 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 STP&I PCL was 7.20% per year. The lowest was -13.90% per year. And the median was -5.60% per year.

As of today (2024-06-19), STP&I PCL's current stock price is ฿3.16. STP&I PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿0.43. STP&I PCL's Cyclically Adjusted Price-to-FCF of today is 7.35.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of STP&I PCL was 25.38. The lowest was 6.67. And the median was 12.67.


STP&I PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for STP&I 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.

STP&I PCL Cyclically Adjusted FCF per Share Chart

STP&I 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 0.38 0.30 0.38 0.25 0.37

STP&I 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 0.23 0.32 0.32 0.37 0.43

Competitive Comparison of STP&I PCL's Cyclically Adjusted FCF per Share

For the Metal Fabrication subindustry, STP&I 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.


STP&I PCL's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, STP&I PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



STP&I 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, STP&I 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)
=0.146/131.7762*131.7762
=0.146

Current CPI (Mar. 2024) = 131.7762.

STP&I PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.399 100.560 0.523
201409 -0.324 100.428 -0.425
201412 0.819 99.070 1.089
201503 -0.867 99.621 -1.147
201506 0.261 100.684 0.342
201509 -0.074 100.392 -0.097
201512 0.471 99.792 0.622
201603 0.426 100.470 0.559
201606 0.163 101.688 0.211
201609 0.575 101.861 0.744
201612 -0.008 101.863 -0.010
201703 -0.230 102.862 -0.295
201706 0.231 103.349 0.295
201709 -0.132 104.136 -0.167
201712 0.393 104.011 0.498
201803 -0.163 105.290 -0.204
201806 -0.053 106.317 -0.066
201809 -0.204 106.507 -0.252
201812 -0.245 105.998 -0.305
201903 1.514 107.251 1.860
201906 -0.666 108.070 -0.812
201909 0.725 108.329 0.882
201912 -0.190 108.420 -0.231
202003 -0.479 108.902 -0.580
202006 0.041 108.767 0.050
202009 0.016 109.815 0.019
202012 -0.022 109.897 -0.026
202103 0.161 111.754 0.190
202106 -0.134 114.631 -0.154
202109 -0.070 115.734 -0.080
202112 0.742 117.630 0.831
202203 -0.108 121.301 -0.117
202206 0.045 125.017 0.047
202209 0.005 125.227 0.005
202212 -0.148 125.222 -0.156
202303 0.421 127.348 0.436
202306 -0.096 128.729 -0.098
202309 -0.042 129.860 -0.043
202312 0.208 129.419 0.212
202403 0.146 131.776 0.146

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


STP&I PCL  (BKK:STPI) 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.

STP&I PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.16/0.43
=7.35

* 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 STP&I PCL was 25.38. The lowest was 6.67. And the median was 12.67.


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.


STP&I PCL Cyclically Adjusted FCF per Share Related Terms

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


STP&I PCL (BKK:STPI) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Sukhumvit 21 Road (Asoke), 32/24, 3rd Floor, Sino-Thai Tower, Kwaeng Klongtoey Nua, Khet Wattana, Bangkok, THA, 10110
STP&I PCL is engaged in steel fabrication work, and the manufacture of boilers and pressure vessels. Its products include Steel structure, Piping, Module providing services to engineering, fabrication and construction sectors. The company operates in six reportable segments namely, the fabrication work for construction and industrial purpose, sale of construction machines, and servicing of machinery and maintenance, sale of electricity, rental of property, operation of community automated gas stations and production and distribution of hemp products. It has a business presence in Thailand, Spain, Japan, England, Sri Lanka and other countries, of which a majority of revenue is derived from Thailand.

STP&I PCL (BKK:STPI) Headlines

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