Krung Thai Bank PCL (FRA:KTB1) Cyclically Adjusted FCF per Share : €0.02 (As of Mar. 2024)

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What is Krung Thai Bank 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.

Krung Thai Bank PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.168. 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 €0.02 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Krung Thai Bank PCL's average Cyclically Adjusted FCF Growth Rate was 26.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -30.50% 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 Krung Thai Bank PCL was 17.30% per year. The lowest was -33.00% per year. And the median was -30.50% per year.

As of today (2024-06-20), Krung Thai Bank PCL's current stock price is €0.402. Krung Thai Bank PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.02. Krung Thai Bank PCL's Cyclically Adjusted Price-to-FCF of today is 20.10.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Krung Thai Bank PCL was 179.00. The lowest was 3.99. And the median was 12.82.

Krung Thai Bank PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Krung Thai Bank 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.

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Krung Thai Bank PCL Cyclically Adjusted FCF per Share Chart

Krung Thai Bank PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted FCF per Share

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0.07

0.05

0.02

Krung Thai Bank 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															0.02	0.01	0.02	0.02	0.02

Competitive Comparison of Krung Thai Bank PCL's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Krung Thai Bank 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.

Krung Thai Bank PCL's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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

Krung Thai Bank PCL Cyclically Adjusted FCF per Share Calculation

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, Krung Thai Bank 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)
	=	0.168	/	131.7762	*	131.7762
	=	0.168

Current CPI (Mar. 2024) = 131.7762.

Krung Thai Bank PCL Quarterly Data

	Free Cash Flow per Share	CPI	Adj_FreeCashFlowPerShare
201406	-0.064	100.560	-0.084
201409	-0.004	100.428	-0.005
201412	0.081	99.070	0.108
201503	0.047	99.621	0.062
201506	0.019	100.684	0.025
201509	0.023	100.392	0.030
201512	-0.055	99.792	-0.073
201603	-0.045	100.470	-0.059
201606	0.026	101.688	0.034
201609	-0.017	101.861	-0.022
201612	0.014	101.863	0.018
201703	0.019	102.862	0.024
201706	-0.031	103.349	-0.040
201709	-0.002	104.136	-0.003
201712	0.017	104.011	0.022
201803	-0.063	105.290	-0.079
201806	0.000	106.317	0.000
201809	0.000	106.507	0.000
201812	0.000	105.998	0.000
201903	0.043	107.251	0.053
201906	0.075	108.070	0.091
201909	-0.041	108.329	-0.050
201912	0.237	108.420	0.288
202003	0.013	108.902	0.016
202006	-0.104	108.767	-0.126
202009	0.047	109.815	0.056
202012	0.037	109.897	0.044
202103	-0.179	111.754	-0.211
202106	-0.053	114.631	-0.061
202109	0.044	115.734	0.050
202112	0.143	117.630	0.160
202203	-0.192	121.301	-0.209
202206	-0.012	125.017	-0.013
202209	-0.002	125.227	-0.002
202212	0.073	125.222	0.077
202303	-0.129	127.348	-0.133
202306	0.062	128.729	0.063
202309	0.023	129.860	0.023
202312	0.011	129.419	0.011
202403	0.168	131.776	0.168

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

Krung Thai Bank PCL (FRA:KTB1) 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.

Krung Thai Bank PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF	=	Share Price	/	Cyclically Adjusted FCF per Share
	=	0.402	/	0.02
	=	20.10

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Krung Thai Bank PCL was 179.00. The lowest was 3.99. And the median was 12.82.

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.

Krung Thai Bank PCL Cyclically Adjusted FCF per Share Related Terms

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

Krung Thai Bank PCL (FRA:KTB1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Krung Thai Bank PCL (FRA:KTB1) » Definitions » Cyclically Adjusted FCF per Share

Comparable Companies

Traded in Other Exchanges

KTHAF:USA KGTFY:USA KTB-F:Thailand KTB:Thailand KTB1:Germany

Address

35 Sukhumvit Road, Klongtoey Nua Subdistrict, Wattana District, Bangkok, THA, 10110

Website

https://www.krungthai.com

Krung Thai Bank PCL engages in commercial banking business and conducts its business through a nationwide branch network and in certain centers of the world. The company has three segments which are Retail banking, Corporate banking and Treasury and investment. Majority of the revenue is earned from Retail banking segment.

Krung Thai Bank PCL (FRA:KTB1) Headlines

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