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Apex Development PCL (BKK:APEX) Cyclically Adjusted Price-to-FCF : (As of Jun. 23, 2024)


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What is Apex Development PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Apex Development PCL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Apex Development 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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Apex Development PCL Cyclically Adjusted Price-to-FCF Chart

Apex Development PCL Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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Apex Development PCL Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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Competitive Comparison of Apex Development PCL's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Apex Development 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.


Apex Development PCL's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Apex Development PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Apex Development 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.

Apex Development PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2022 is calculated as:

For example, Apex Development PCL's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2022 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=0.002/125.2218*125.2218
=0.002

Current CPI (Dec. 2022) = 125.2218.

Apex Development PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201303 -0.017 98.209 -0.022
201306 -0.039 98.518 -0.050
201309 -0.020 98.790 -0.025
201312 -0.077 98.326 -0.098
201403 -0.020 99.695 -0.025
201406 -0.019 100.560 -0.024
201409 0.217 100.428 0.271
201412 -0.054 99.070 -0.068
201503 -0.018 99.621 -0.023
201506 -0.027 100.684 -0.034
201509 0.026 100.392 0.032
201512 -0.138 99.792 -0.173
201603 -0.005 100.470 -0.006
201606 0.017 101.688 0.021
201609 0.020 101.861 0.025
201612 -0.004 101.863 -0.005
201703 -0.010 102.862 -0.012
201706 -0.006 103.349 -0.007
201709 0.006 104.136 0.007
201712 -0.090 104.011 -0.108
201803 -0.059 105.290 -0.070
201806 -0.158 106.317 -0.186
201809 -0.007 106.507 -0.008
201812 -0.009 105.998 -0.011
201903 -0.034 107.251 -0.040
201906 -0.167 108.070 -0.194
201909 -0.040 108.329 -0.046
201912 -0.026 108.420 -0.030
202003 -0.014 108.902 -0.016
202006 -0.008 108.767 -0.009
202009 0.001 109.815 0.001
202012 -0.005 109.897 -0.006
202103 0.078 111.754 0.087
202106 -0.003 114.631 -0.003
202109 -0.001 115.734 -0.001
202112 0.005 117.630 0.005
202203 0.002 121.301 0.002
202206 0.000 125.017 0.000
202209 0.000 125.227 0.000
202212 0.002 125.222 0.002

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.


Apex Development PCL  (BKK:APEX) 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.


Apex Development PCL Cyclically Adjusted Price-to-FCF Related Terms

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Apex Development PCL (BKK:APEX) Business Description

Industry
Traded in Other Exchanges
N/A
Address
18th floor, Zone A, Ploenjit Road, 900 Tonson tower, Lumpini, Pathumwan, Bangkok, THA, 10330
Apex Development PCL develops real estate for sale and operation for types of condominiums and hotels and operation of rental management. The company develops and sells residential properties, commercial buildings, hotels, retirement, and medical care resorts, and shopping complexes to investors and individual buyers. A majority of the revenue is derived from the real estate development business. Moreover, APEX provides service for the customer to operate apartments and villas for rent, whereas APEX will charge a management fee and pay the investment return to the customer as a contract.