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Chow Steel Industries PCL (BKK:CHOW) Cyclically Adjusted Price-to-FCF : (As of Jun. 23, 2024)


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What is Chow Steel Industries PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Chow Steel Industries PCL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Chow Steel Industries 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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Chow Steel Industries PCL Cyclically Adjusted Price-to-FCF Chart

Chow Steel Industries PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Chow Steel Industries 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 Chow Steel Industries PCL's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Chow Steel Industries 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.


Chow Steel Industries PCL's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chow Steel Industries PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Chow Steel Industries PCL's Cyclically Adjusted Price-to-FCF falls into.



Chow Steel Industries 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.

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

For example, Chow Steel Industries 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)
=0.212/131.7762*131.7762
=0.212

Current CPI (Mar. 2024) = 131.7762.

Chow Steel Industries PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.263 100.560 -0.345
201409 -0.914 100.428 -1.199
201412 -1.293 99.070 -1.720
201503 -0.776 99.621 -1.026
201506 0.318 100.684 0.416
201509 -1.320 100.392 -1.733
201512 -0.621 99.792 -0.820
201603 -0.903 100.470 -1.184
201606 -0.431 101.688 -0.559
201609 -0.632 101.861 -0.818
201612 -1.198 101.863 -1.550
201703 0.013 102.862 0.017
201706 1.818 103.349 2.318
201709 -2.247 104.136 -2.843
201712 2.860 104.011 3.623
201803 -0.500 105.290 -0.626
201806 -0.874 106.317 -1.083
201809 -0.083 106.507 -0.103
201812 0.030 105.998 0.037
201903 0.028 107.251 0.034
201906 -0.013 108.070 -0.016
201909 0.141 108.329 0.172
201912 0.029 108.420 0.035
202003 0.091 108.902 0.110
202006 0.010 108.767 0.012
202009 0.132 109.815 0.158
202012 0.110 109.897 0.132
202103 0.149 111.754 0.176
202106 -0.003 114.631 -0.003
202109 0.052 115.734 0.059
202112 -0.066 117.630 -0.074
202203 -0.906 121.301 -0.984
202206 -0.727 125.017 -0.766
202209 0.077 125.227 0.081
202212 0.115 125.222 0.121
202303 -0.013 127.348 -0.013
202306 -0.048 128.729 -0.049
202309 0.012 129.860 0.012
202312 -0.156 129.419 -0.159
202403 0.212 131.776 0.212

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.


Chow Steel Industries PCL  (BKK:CHOW) 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.


Chow Steel Industries PCL Cyclically Adjusted Price-to-FCF Related Terms

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


Chow Steel Industries PCL (BKK:CHOW) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2525 FYI Center, Rama 4 Road, Tower 2, 10th Floor, Unit 2/1007-1008, Khlongtoei Sub-district, Khlongtoei District, Bangkok, THA, 10110
Chow Steel Industries PCL is engaged in the business of manufacturing and distribution of steel billet and renewable energy. Its products are used for the production of round bars, deformed bars, and wire rods. Geographically all the business activity functions through Thailand. The business activity of the company is operated through six segments which are Original Equipment Manufacturer (OEM) business, Trading of steel billets business, Investment in renewable power plant business, Consultancy on investments related to the renewable energy business, Cryptocurrency business and Other businesses. The company offers its products to both Thailand and overseas markets.

Chow Steel Industries PCL (BKK:CHOW) Headlines

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