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Thai Industrial Fund 1 (BKK:TIF1) Cyclically Adjusted Price-to-FCF : 12.38 (As of May. 23, 2024)


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What is Thai Industrial Fund 1 Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), Thai Industrial Fund 1's current share price is ฿7.80. Thai Industrial Fund 1's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ฿0.63. Thai Industrial Fund 1's Cyclically Adjusted Price-to-FCF for today is 12.38.

The historical rank and industry rank for Thai Industrial Fund 1's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BKK:TIF1' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.3   Med: 14.66   Max: 17.2
Current: 12.44

During the past years, Thai Industrial Fund 1's highest Cyclically Adjusted Price-to-FCF was 17.20. The lowest was 12.30. And the median was 14.66.

BKK:TIF1's Cyclically Adjusted Price-to-FCF is ranked better than
62.32% of 499 companies
in the Asset Management industry
Industry Median: 20.09 vs BKK:TIF1: 12.44

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.

Thai Industrial Fund 1's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ฿0.140. 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 ฿0.63 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Industrial Fund 1 Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Thai Industrial Fund 1'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.

Thai Industrial Fund 1 Cyclically Adjusted Price-to-FCF Chart

Thai Industrial Fund 1 Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.28 13.58 16.72 13.57 14.03

Thai Industrial Fund 1 Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 14.17 14.03 14.06 13.85 13.80

Competitive Comparison of Thai Industrial Fund 1's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Thai Industrial Fund 1'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.


Thai Industrial Fund 1's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Thai Industrial Fund 1's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Thai Industrial Fund 1's Cyclically Adjusted Price-to-FCF falls into.



Thai Industrial Fund 1 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.

Thai Industrial Fund 1's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.80/0.63
=12.38

* 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.

Thai Industrial Fund 1's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Thai Industrial Fund 1's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.14/129.4194*129.4194
=0.140

Current CPI (Dec. 2023) = 129.4194.

Thai Industrial Fund 1 Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.143 99.695 0.186
201406 0.183 100.560 0.236
201409 0.062 100.428 0.080
201412 0.162 99.070 0.212
201503 0.231 99.621 0.300
201506 0.022 100.684 0.028
201509 0.018 100.392 0.023
201512 0.142 99.792 0.184
201603 0.122 100.470 0.157
201606 0.170 101.688 0.216
201609 0.100 101.861 0.127
201612 0.257 101.863 0.327
201703 -0.175 102.862 -0.220
201706 0.219 103.349 0.274
201709 0.089 104.136 0.111
201712 0.159 104.011 0.198
201803 0.170 105.290 0.209
201806 0.111 106.317 0.135
201809 0.102 106.507 0.124
201812 0.115 105.998 0.140
201903 0.157 107.251 0.189
201906 0.183 108.070 0.219
201909 0.131 108.329 0.157
201912 0.153 108.420 0.183
202003 0.133 108.902 0.158
202006 0.185 108.767 0.220
202009 0.114 109.815 0.134
202012 0.165 109.897 0.194
202103 0.131 111.754 0.152
202106 0.238 114.631 0.269
202109 0.027 115.734 0.030
202112 0.164 117.630 0.180
202203 0.173 121.301 0.185
202206 0.131 125.017 0.136
202209 0.107 125.227 0.111
202212 0.151 125.222 0.156
202303 0.140 127.348 0.142
202306 0.088 128.729 0.088
202309 0.180 129.860 0.179
202312 0.140 129.419 0.140

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.


Thai Industrial Fund 1  (BKK:TIF1) 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.


Thai Industrial Fund 1 Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Thai Industrial Fund 1's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Thai Industrial Fund 1 (BKK:TIF1) Business Description

Traded in Other Exchanges
N/A
Address
Rama 1 Road, Floor 9th, 24th, No. 989 Siam Piwat Tower, Patumwan District, Bangkok, THA, 10330
Thai Industrial Fund 1 is an asset management company. The objective of the fund is to raise funds from general investors and to use the proceeds from such fundraising for the purchase and/or lease of immovable properties or property lease rights. It invests in land and factory buildings, industrial parks, and industrial promotion zone in Thailand.

Thai Industrial Fund 1 (BKK:TIF1) Headlines

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