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Vanachai Group PCL (BKK:VNG-F) Cyclically Adjusted FCF per Share : ฿1.12 (As of Mar. 2024)


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What is Vanachai 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.

Vanachai Group PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿0.279. 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 ฿1.12 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Vanachai Group PCL's average Cyclically Adjusted FCF Growth Rate was -5.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 16.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -4.40% 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 Vanachai Group PCL was 16.00% per year. The lowest was -32.10% per year. And the median was -7.45% per year.

As of today (2024-06-09), Vanachai Group PCL's current stock price is ฿12.63125. Vanachai Group PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿1.12. Vanachai Group PCL's Cyclically Adjusted Price-to-FCF of today is 11.28.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Vanachai Group PCL was 47.22. The lowest was 6.48. And the median was 17.11.


Vanachai Group PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Vanachai 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.

Vanachai Group PCL Cyclically Adjusted FCF per Share Chart

Vanachai 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 1.09 0.61 0.39 0.66 0.85

Vanachai 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 0.87 0.95 0.92 0.85 1.12

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

For the Lumber & Wood Production subindustry, Vanachai 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.


Vanachai Group PCL's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

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

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



Vanachai 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, Vanachai 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)
=0.279/131.7762*131.7762
=0.279

Current CPI (Mar. 2024) = 131.7762.

Vanachai Group PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.097 100.560 0.127
201409 0.405 100.428 0.531
201412 0.287 99.070 0.382
201503 0.104 99.621 0.138
201506 0.393 100.684 0.514
201509 0.316 100.392 0.415
201512 -0.093 99.792 -0.123
201603 0.085 100.470 0.111
201606 0.364 101.688 0.472
201609 0.355 101.861 0.459
201612 0.001 101.863 0.001
201703 -0.229 102.862 -0.293
201706 0.186 103.349 0.237
201709 0.267 104.136 0.338
201712 -0.283 104.011 -0.359
201803 -0.246 105.290 -0.308
201806 -0.113 106.317 -0.140
201809 -0.267 106.507 -0.330
201812 -0.494 105.998 -0.614
201903 -0.314 107.251 -0.386
201906 -0.136 108.070 -0.166
201909 -0.135 108.329 -0.164
201912 -0.023 108.420 -0.028
202003 -0.180 108.902 -0.218
202006 0.039 108.767 0.047
202009 -0.256 109.815 -0.307
202012 -0.008 109.897 -0.010
202103 0.244 111.754 0.288
202106 0.346 114.631 0.398
202109 0.202 115.734 0.230
202112 0.156 117.630 0.175
202203 0.239 121.301 0.260
202206 -0.069 125.017 -0.073
202209 0.419 125.227 0.441
202212 0.190 125.222 0.200
202303 0.292 127.348 0.302
202306 -0.036 128.729 -0.037
202309 0.097 129.860 0.098
202312 0.261 129.419 0.266
202403 0.279 131.776 0.279

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


Vanachai Group PCL  (BKK:VNG-F) 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.

Vanachai 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
=12.63125/1.12
=11.28

* 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 Vanachai Group PCL was 47.22. The lowest was 6.48. And the median was 17.11.


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.


Vanachai Group PCL Cyclically Adjusted FCF per Share Related Terms

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


Vanachai Group PCL (BKK:VNG-F) Business Description

Traded in Other Exchanges
Address
2/1 Wongsawang Road, Wongsawang, Bangsue, Bangkok, THA, 10800
Vanachai Group PCL is a building materials company that manufactures and distributes wood-based products. The company's primary products include board panels, particle boards, and wood substitutes. The company creates wood-based goods such as particleboards, medium density fiberboards (MDF boards), Doorskin and melamine laminated particleboards, which are distributed to both domestic and international markets. Vanachai also sells finished products that include melamine doors, door frames, resins, formaldehyde adhesives, and finished flooring. The company generates the vast majority of its revenue in Thailand.

Vanachai Group PCL (BKK:VNG-F) Headlines

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