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AIRA Capital PCL (BKK:AIRA) Cyclically Adjusted Price-to-FCF : (As of Jun. 13, 2024)


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What is AIRA Capital PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


AIRA Capital PCL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AIRA Capital PCL's Cyclically Adjusted Price-to-FCF 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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AIRA Capital PCL Cyclically Adjusted Price-to-FCF Chart

AIRA Capital PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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AIRA Capital PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of AIRA Capital PCL's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, AIRA Capital 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.


AIRA Capital PCL's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

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

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



AIRA Capital PCL Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

AIRA Capital PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, AIRA Capital 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)
=-0.015/131.7762*131.7762
=-0.015

Current CPI (Mar. 2024) = 131.7762.

AIRA Capital PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.022 100.560 -0.029
201409 0.073 100.428 0.096
201412 -0.364 99.070 -0.484
201503 0.292 99.621 0.386
201506 -0.139 100.684 -0.182
201509 0.080 100.392 0.105
201512 -0.055 99.792 -0.073
201603 -0.067 100.470 -0.088
201606 0.042 101.688 0.054
201609 0.068 101.861 0.088
201612 -0.147 101.863 -0.190
201703 -0.026 102.862 -0.033
201706 0.084 103.349 0.107
201709 -0.050 104.136 -0.063
201712 -0.033 104.011 -0.042
201803 -0.070 105.290 -0.088
201806 0.041 106.317 0.051
201809 -0.019 106.507 -0.024
201812 -0.039 105.998 -0.048
201903 0.045 107.251 0.055
201906 -0.016 108.070 -0.020
201909 -0.006 108.329 -0.007
201912 -0.032 108.420 -0.039
202003 0.064 108.902 0.077
202006 0.105 108.767 0.127
202009 -0.109 109.815 -0.131
202012 -0.055 109.897 -0.066
202103 0.015 111.754 0.018
202106 -0.126 114.631 -0.145
202109 0.013 115.734 0.015
202112 -0.113 117.630 -0.127
202203 -0.002 121.301 -0.002
202206 0.039 125.017 0.041
202209 0.024 125.227 0.025
202212 0.002 125.222 0.002
202303 -0.061 127.348 -0.063
202306 0.060 128.729 0.061
202309 0.087 129.860 0.088
202312 -0.091 129.419 -0.093
202403 -0.015 131.776 -0.015

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


AIRA Capital PCL  (BKK:AIRA) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


AIRA Capital PCL Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of AIRA Capital PCL's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


AIRA Capital PCL (BKK:AIRA) Business Description

Traded in Other Exchanges
N/A
Address
Phayathai Road, No. 319, Chamchuri Square, 12th Floor, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330
AIRA Capital PCL is an investment firm providing a range of financial products under the approved licenses. It operates with five business segments namely Securities and investment business segment, which services a securities and derivatives brokerage, securities trading and investment; Advisory and investment banking segment, which services an investment and financial advisory, underwriting and private fund management; Factoring segment, which purchases account receivables; Rental and service business segment, which engages in finance lease, hire purchase and operating lease for industrial equipment and machines and property development which involves the development of properties. It derives majority income from brokerage fees, management fees and interest and dividends on investment.

AIRA Capital PCL (BKK:AIRA) Headlines

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