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True PCL (FRA:TAF1) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is True PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


True PCL Cyclically Adjusted Price-to-FCF Historical Data

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

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

For the Telecom Services subindustry, True 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.


True PCL's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, True PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



True 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.

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

For example, True 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)
=0.001/131.7762*131.7762
=0.001

Current CPI (Mar. 2024) = 131.7762.

True PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.011 100.560 -0.014
201409 -0.003 100.428 -0.004
201412 -0.011 99.070 -0.015
201503 0.004 99.621 0.005
201506 -0.009 100.684 -0.012
201509 -0.009 100.392 -0.012
201512 -0.036 99.792 -0.048
201603 -0.016 100.470 -0.021
201606 -0.009 101.688 -0.012
201609 -0.005 101.861 -0.006
201612 -0.004 101.863 -0.005
201703 -0.014 102.862 -0.018
201706 -0.006 103.349 -0.008
201709 -0.005 104.136 -0.006
201712 -0.008 104.011 -0.010
201803 -0.011 105.290 -0.014
201806 0.021 106.317 0.026
201809 -0.006 106.507 -0.007
201812 -0.028 105.998 -0.035
201903 -0.009 107.251 -0.011
201906 -0.010 108.070 -0.012
201909 -0.004 108.329 -0.005
201912 -0.006 108.420 -0.007
202003 -0.030 108.902 -0.036
202006 0.008 108.767 0.010
202009 0.003 109.815 0.004
202012 -0.010 109.897 -0.012
202103 -0.013 111.754 -0.015
202106 -0.005 114.631 -0.006
202109 0.000 115.734 0.000
202112 -0.003 117.630 -0.003
202203 -0.010 121.301 -0.011
202206 0.000 125.017 0.000
202209 -0.004 125.227 -0.004
202212 -0.003 125.222 -0.003
202303 -0.007 127.348 -0.007
202306 -0.004 128.729 -0.004
202309 0.002 129.860 0.002
202312 0.000 129.419 0.000
202403 0.001 131.776 0.001

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.


True PCL  (FRA:TAF1) 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.


True PCL Cyclically Adjusted Price-to-FCF Related Terms

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


True PCL (FRA:TAF1) Business Description

Traded in Other Exchanges
Address
18 True Tower, Ratchadaphisek Road, Huai Khwang, Bangkok, THA, 10310
True Corp PCL is a triple-play telecommunications company. It operates through three business segments: TrueOnline, TrueMove H, and TrueVisions. The majority of revenue is derived from TrueMove H, the company's mobile services product offering. The majority of the company's customer base in its mobile services division is considered prepaid. TrueOnline comprises the company's fixed-line telephone and public phone services, Internet, and business data services. TrueVisions is the group's pay-TV service. It is delivered via digital direct-to-home satellite and hybrid fibre-coaxial cable network platforms. It operates in a single geographical area, which is Thailand.

True PCL (FRA:TAF1) Headlines

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