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MK Restaurant Group PCL (BKK:M) Cyclically Adjusted Price-to-FCF : 9.84 (As of May. 27, 2024)


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What is MK Restaurant Group PCL Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), MK Restaurant Group PCL's current share price is ฿31.50. MK Restaurant Group PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿3.20. MK Restaurant Group PCL's Cyclically Adjusted Price-to-FCF for today is 9.84.

The historical rank and industry rank for MK Restaurant Group PCL's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BKK:M' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.84   Med: 18.66   Max: 22.16
Current: 9.84

During the past years, MK Restaurant Group PCL's highest Cyclically Adjusted Price-to-FCF was 22.16. The lowest was 9.84. And the median was 18.66.

BKK:M's Cyclically Adjusted Price-to-FCF is ranked better than
70.73% of 123 companies
in the Restaurants industry
Industry Median: 15.67 vs BKK:M: 9.84

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.

MK Restaurant Group PCL's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ฿0.385. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ฿3.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MK Restaurant Group PCL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MK Restaurant Group 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.

* Premium members only.

MK Restaurant Group PCL Cyclically Adjusted Price-to-FCF Chart

MK Restaurant Group PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 19.78 21.27 12.72

MK Restaurant 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 Price-to-FCF 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 17.52 15.38 14.70 12.72 11.01

Competitive Comparison of MK Restaurant Group PCL's Cyclically Adjusted Price-to-FCF

For the Restaurants subindustry, MK Restaurant 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.


MK Restaurant Group PCL's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, MK Restaurant Group PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



MK Restaurant Group 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.

MK Restaurant Group PCL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=31.50/3.2
=9.84

* 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.

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

For example, MK Restaurant 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)
=0.385/131.7762*131.7762
=0.385

Current CPI (Mar. 2024) = 131.7762.

MK Restaurant Group PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.489 100.560 0.641
201409 0.494 100.428 0.648
201412 0.721 99.070 0.959
201503 0.614 99.621 0.812
201506 0.456 100.684 0.597
201509 0.412 100.392 0.541
201512 0.591 99.792 0.780
201603 0.635 100.470 0.833
201606 0.458 101.688 0.594
201609 0.739 101.861 0.956
201612 0.802 101.863 1.038
201703 0.454 102.862 0.582
201706 0.910 103.349 1.160
201709 1.154 104.136 1.460
201712 0.658 104.011 0.834
201803 0.768 105.290 0.961
201806 0.880 106.317 1.091
201809 0.677 106.507 0.838
201812 1.105 105.998 1.374
201903 0.429 107.251 0.527
201906 0.813 108.070 0.991
201909 0.597 108.329 0.726
201912 1.151 108.420 1.399
202003 -0.023 108.902 -0.028
202006 -0.125 108.767 -0.151
202009 1.188 109.815 1.426
202012 0.876 109.897 1.050
202103 0.425 111.754 0.501
202106 -0.044 114.631 -0.051
202109 0.053 115.734 0.060
202112 1.066 117.630 1.194
202203 0.665 121.301 0.722
202206 0.964 125.017 1.016
202209 0.822 125.227 0.865
202212 1.053 125.222 1.108
202303 0.825 127.348 0.854
202306 0.956 128.729 0.979
202309 0.715 129.860 0.726
202312 1.009 129.419 1.027
202403 0.385 131.776 0.385

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.


MK Restaurant Group PCL  (BKK:M) 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.


MK Restaurant Group PCL Cyclically Adjusted Price-to-FCF Related Terms

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


MK Restaurant Group PCL (BKK:M) Business Description

Traded in Other Exchanges
N/A
Address
1200 Debaratna Road, Bangnatai, Bangna, Bangkok, THA, 10260
MK Restaurant Group PCL operates nearly 703 Suki, Thai, and Japanese restaurants in Thailand under brand names including MK, Siam, Yayoi, Miyazaki, and Hakata. The company also has a franchise agreement with Plenus-MK Limited for that company to operate franchised Sukiyaki restaurants in Japan. In addition to the restaurants, MK Restaurant Group has a smaller training service provider segment that provides management service and training to other companies. More than 90% of the company's revenue comes from Thailand.