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The Steel PCL (BKK:THE) Cyclically Adjusted FCF per Share : ฿0.22 (As of Dec. 2024)


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What is The Steel 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.

The Steel PCL's adjusted free cash flow per share for the three months ended in Dec. 2024 was ฿0.558. 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 ฿0.22 for the trailing ten years ended in Dec. 2024.

During the past 12 months, The Steel PCL's average Cyclically Adjusted FCF Growth Rate was 10.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.40% 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 The Steel PCL was -5.40% per year. The lowest was -5.40% per year. And the median was -5.40% per year.

As of today (2025-04-17), The Steel PCL's current stock price is ฿0.60. The Steel PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was ฿0.22. The Steel PCL's Cyclically Adjusted Price-to-FCF of today is 2.73.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of The Steel PCL was 166.00. The lowest was 2.66. And the median was 6.18.


The Steel PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for The Steel 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.

The Steel PCL Cyclically Adjusted FCF per Share Chart

The Steel PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 0.26 0.37 0.20 0.22

The Steel PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.20 0.17 0.16 0.17 0.22

Competitive Comparison of The Steel PCL's Cyclically Adjusted FCF per Share

For the Steel subindustry, The Steel 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.


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

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

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


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The Steel 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, The Steel PCL's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.558/133.1571*133.1571
=0.558

Current CPI (Dec. 2024) = 133.1571.

The Steel PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.243 99.621 0.325
201506 -0.452 100.684 -0.598
201509 0.317 100.392 0.420
201512 -0.495 99.792 -0.660
201603 -0.152 100.470 -0.201
201606 -0.409 101.688 -0.536
201609 0.664 101.861 0.868
201612 -0.254 101.863 -0.332
201703 0.332 102.862 0.430
201706 -0.767 103.349 -0.988
201709 0.681 104.136 0.871
201712 0.436 104.011 0.558
201803 -0.392 105.290 -0.496
201806 0.167 106.317 0.209
201809 -0.182 106.507 -0.228
201812 0.175 105.998 0.220
201903 0.729 107.251 0.905
201906 -0.120 108.070 -0.148
201909 -0.098 108.329 -0.120
201912 -0.311 108.420 -0.382
202003 0.014 108.902 0.017
202006 0.584 108.767 0.715
202009 0.326 109.815 0.395
202012 0.048 109.897 0.058
202103 0.149 111.754 0.178
202106 -0.916 114.631 -1.064
202109 -0.044 115.734 -0.051
202112 0.736 117.630 0.833
202203 0.108 121.301 0.119
202206 -0.722 125.017 -0.769
202209 0.101 125.227 0.107
202212 0.769 125.222 0.818
202303 0.145 127.348 0.152
202306 0.445 128.729 0.460
202309 -0.225 129.860 -0.231
202312 0.049 129.419 0.050
202403 0.103 131.776 0.104
202406 -0.129 132.554 -0.130
202409 -0.219 133.029 -0.219
202412 0.558 133.157 0.558

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


The Steel PCL  (BKK:THE) 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.

The Steel PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.60/0.22
=2.73

* 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 The Steel PCL was 166.00. The lowest was 2.66. And the median was 6.18.


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.


The Steel PCL Cyclically Adjusted FCF per Share Related Terms

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


The Steel PCL Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » The Steel PCL (BKK:THE) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
1401 Ekkachai Road, Bangbon Tai Sub-District, Bangbon District, Bangkok, THA, 10150
The Steel PCL supplies steel products and raw materials. Its products include hot-rolled coil, transformed steel such as coil slitting, steel sheets, hot-formed, cold-formed, steel rods, steel pipes, and other steel products. In addition, it is also involved in providing logistic services. The company operates in two reportable segments: Revenue from sales of steels, which accounts for a majority of its revenue, and Revenue from logistic services. Geographically, it is managed and operates principally in Thailand.

The Steel PCL Headlines

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