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Thai Rayon PCL (BKK:TR) Cyclically Adjusted Price-to-FCF : (As of Jun. 04, 2024)


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What is Thai Rayon PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Rayon PCL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Thai Rayon 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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Thai Rayon PCL Cyclically Adjusted Price-to-FCF Chart

Thai Rayon PCL Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.75 - - 53.94 -

Thai Rayon 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 53.94 47.29 33.91 38.76 -

Competitive Comparison of Thai Rayon PCL's Cyclically Adjusted Price-to-FCF

For the Textile Manufacturing subindustry, Thai Rayon 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.


Thai Rayon PCL's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Rayon PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Thai Rayon 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.

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

For example, Thai Rayon 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)
=-1.377/131.7762*131.7762
=-1.377

Current CPI (Mar. 2024) = 131.7762.

Thai Rayon PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -3.158 100.560 -4.138
201409 -0.127 100.428 -0.167
201412 -1.444 99.070 -1.921
201503 1.079 99.621 1.427
201506 0.018 100.684 0.024
201509 0.331 100.392 0.434
201512 0.211 99.792 0.279
201603 0.219 100.470 0.287
201606 5.543 101.688 7.183
201609 2.075 101.861 2.684
201612 2.000 101.863 2.587
201703 -0.786 102.862 -1.007
201706 2.329 103.349 2.970
201709 1.488 104.136 1.883
201712 1.130 104.011 1.432
201803 1.794 105.290 2.245
201806 1.189 106.317 1.474
201809 0.340 106.507 0.421
201812 1.315 105.998 1.635
201903 -0.243 107.251 -0.299
201906 -0.088 108.070 -0.107
201909 0.169 108.329 0.206
201912 -0.342 108.420 -0.416
202003 0.703 108.902 0.851
202006 0.128 108.767 0.155
202009 -0.398 109.815 -0.478
202012 0.911 109.897 1.092
202103 -2.802 111.754 -3.304
202106 -1.436 114.631 -1.651
202109 3.247 115.734 3.697
202112 0.021 117.630 0.024
202203 -0.382 121.301 -0.415
202206 -0.929 125.017 -0.979
202209 -1.207 125.227 -1.270
202212 -0.839 125.222 -0.883
202303 0.013 127.348 0.013
202306 0.839 128.729 0.859
202309 2.821 129.860 2.863
202312 -2.436 129.419 -2.480
202403 -1.377 131.776 -1.377

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 Rayon PCL  (BKK:TR) 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 Rayon PCL Cyclically Adjusted Price-to-FCF Related Terms

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


Thai Rayon PCL (BKK:TR) Business Description

Traded in Other Exchanges
N/A
Address
Ploenchit Road, 16th Floor, 888/160-1 Mahatun Plaza Building, Lumpini, Pathumwan, Bangkok, THA, 10330
Thai Rayon PCL is a Thailand-based company principally engaged in the manufacture of viscose rayon staple fibre and anhydrous sodium sulphate for sales to both domestic and export markets. The company also produces Anhydrous Sodium Sulphate as its by-product, which is widely used in the Thai market by detergent, pulp, glass, leather, and textile industries. Thai Rayon has investments in backward and forward integration projects in Thailand, Indonesia, Laos, China, and Canada, as well as several diversification projects in Thailand and overseas.