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Thanachart Capital PCL (BKK:TCAP-P-R) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2024)


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

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


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

The historical data trend for Thanachart 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.

* Premium members only.

Thanachart Capital PCL Cyclically Adjusted Price-to-FCF Chart

Thanachart Capital 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 4.19 1.93 1.41 4.00 4.26

Thanachart Capital 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 4.08 3.75 4.31 4.26 4.18

Competitive Comparison of Thanachart Capital PCL's Cyclically Adjusted Price-to-FCF

For the Financial Conglomerates subindustry, Thanachart 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.


Thanachart Capital PCL's Cyclically Adjusted Price-to-FCF Distribution in the Diversified Financial Services Industry

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

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



Thanachart 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.

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

For example, Thanachart 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)
=-2.595/131.7762*131.7762
=-2.595

Current CPI (Mar. 2024) = 131.7762.

Thanachart Capital PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.671 100.560 3.500
201409 -11.909 100.428 -15.626
201412 33.091 99.070 44.016
201503 -6.687 99.621 -8.845
201506 -6.860 100.684 -8.978
201509 25.754 100.392 33.805
201512 21.680 99.792 28.629
201603 -8.461 100.470 -11.097
201606 31.123 101.688 40.332
201609 -6.089 101.861 -7.877
201612 3.721 101.863 4.814
201703 15.112 102.862 19.360
201706 -16.883 103.349 -21.527
201709 -9.926 104.136 -12.561
201712 12.297 104.011 15.580
201803 -19.081 105.290 -23.881
201806 3.407 106.317 4.223
201809 5.089 106.507 6.296
201812 6.216 105.998 7.728
201903 -22.279 107.251 -27.374
201906 -6.363 108.070 -7.759
201909 -21.830 108.329 -26.555
201912 60.194 108.420 73.161
202003 3.026 108.902 3.662
202006 -15.230 108.767 -18.452
202009 6.137 109.815 7.364
202012 18.469 109.897 22.146
202103 -0.105 111.754 -0.124
202106 1.028 114.631 1.182
202109 -0.763 115.734 -0.869
202112 0.138 117.630 0.155
202203 -3.586 121.301 -3.896
202206 -0.109 125.017 -0.115
202209 0.491 125.227 0.517
202212 4.928 125.222 5.186
202303 1.909 127.348 1.975
202306 -3.260 128.729 -3.337
202309 -0.872 129.860 -0.885
202312 1.294 129.419 1.318
202403 -2.595 131.776 -2.595

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.


Thanachart Capital PCL  (BKK:TCAP-P-R) 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.


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

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


Thanachart Capital PCL (BKK:TCAP-P-R) Business Description

Traded in Other Exchanges
Address
Phayathai Road, 444, 16-17th Floor, MBK Tower, Wangmai, Pathumwan, Bangkok, THA, 10330
Thanachart Capital PCL is an investment holding company domiciled in Thailand. Through its subsidiaries, the company offers banking products such as deposits and credit cards; personal, housing, business and corporate loans; funds transfer and Western Union services; and transaction accounts. Thanachart Capital provides securities services such as brokerage, proprietary trading, security borrowing, and lending and investment advisory services. In addition to banking and securities services, the company provides life insurance, health protection, and general insurance products to individuals, institutions, and organizations. The company derives almost all of its revenue domestically.

Thanachart Capital PCL (BKK:TCAP-P-R) Headlines

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