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TISCO Financial Group PCL (BKK:TISCO) Cyclically Adjusted FCF per Share : ฿9.45 (As of Mar. 2024)


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What is TISCO Financial Group 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.

TISCO Financial Group PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿6.632. 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 ฿9.45 for the trailing ten years ended in Mar. 2024.

During the past 12 months, TISCO Financial Group PCL's average Cyclically Adjusted FCF Growth Rate was 18.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -0.10% 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 TISCO Financial Group PCL was 152.80% per year. The lowest was -0.10% per year. And the median was 76.35% per year.

As of today (2024-05-24), TISCO Financial Group PCL's current stock price is ฿98.25. TISCO Financial Group PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿9.45. TISCO Financial Group PCL's Cyclically Adjusted Price-to-FCF of today is 10.40.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of TISCO Financial Group PCL was 315.63. The lowest was 8.52. And the median was 10.75.


TISCO Financial Group PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for TISCO Financial Group 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.

TISCO Financial Group PCL Cyclically Adjusted FCF per Share Chart

TISCO Financial Group 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 0.53 9.04 9.07 8.56 9.02

TISCO Financial Group 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 7.96 9.43 9.64 9.02 9.45

Competitive Comparison of TISCO Financial Group PCL's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, TISCO Financial Group 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.


TISCO Financial Group PCL's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, TISCO Financial Group PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



TISCO Financial Group 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, TISCO Financial Group 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)
=6.632/131.7762*131.7762
=6.632

Current CPI (Mar. 2024) = 131.7762.

TISCO Financial Group PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 8.444 100.560 11.065
201409 -7.517 100.428 -9.863
201412 3.678 99.070 4.892
201503 0.604 99.621 0.799
201506 -6.205 100.684 -8.121
201509 -16.507 100.392 -21.667
201512 -3.499 99.792 -4.620
201603 -14.974 100.470 -19.640
201606 -3.695 101.688 -4.788
201609 -0.948 101.861 -1.226
201612 0.337 101.863 0.436
201703 9.273 102.862 11.880
201706 -1.170 103.349 -1.492
201709 3.057 104.136 3.868
201712 24.827 104.011 31.454
201803 -2.090 105.290 -2.616
201806 -5.933 106.317 -7.354
201809 -0.527 106.507 -0.652
201812 3.018 105.998 3.752
201903 10.608 107.251 13.034
201906 28.661 108.070 34.948
201909 5.103 108.329 6.207
201912 1.749 108.420 2.126
202003 2.133 108.902 2.581
202006 19.300 108.767 23.383
202009 4.565 109.815 5.478
202012 -2.619 109.897 -3.140
202103 -2.250 111.754 -2.653
202106 4.789 114.631 5.505
202109 4.542 115.734 5.172
202112 -3.540 117.630 -3.966
202203 1.187 121.301 1.290
202206 5.372 125.017 5.662
202209 -0.957 125.227 -1.007
202212 -2.037 125.222 -2.144
202303 0.798 127.348 0.826
202306 6.228 128.729 6.375
202309 3.704 129.860 3.759
202312 -1.647 129.419 -1.677
202403 6.632 131.776 6.632

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


TISCO Financial Group PCL  (BKK:TISCO) 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.

TISCO Financial Group PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=98.25/9.45
=10.40

* 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 TISCO Financial Group PCL was 315.63. The lowest was 8.52. And the median was 10.75.


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.


TISCO Financial Group PCL Cyclically Adjusted FCF per Share Related Terms

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


TISCO Financial Group PCL (BKK:TISCO) Business Description

Traded in Other Exchanges
Address
No. 48/49, North Sathorn Road, TISCO Tower, 21st Floor, Silom Sub-district, Bangrak District, Bangkok, THA, 10500
TISCO Financial Group PCL is a bank that provides commercial banking products and services. The company is headquartered in Thailand and generates revenue domestically. The bank separates itself into four segments: commercial banking and lending business, securities business, asset management, and support business. Of these, commercial banking provides the largest percentage of revenue. Services include deposits, accounts, car and home loans, investment services, insurance, business finance, capital markets, mergers and acquisitions, and debt restructuring.

TISCO Financial Group PCL (BKK:TISCO) Headlines

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