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Chiangmai Frozen Foods PCL (BKK:CM) Cyclically Adjusted FCF per Share : ฿0.17 (As of Dec. 2023)


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What is Chiangmai Frozen Foods PCL Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Chiangmai Frozen Foods PCL's adjusted free cash flow per share for the three months ended in Dec. 2023 was ฿0.165. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ฿0.17 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -10.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -13.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Chiangmai Frozen Foods PCL was -10.90% per year. The lowest was -16.20% per year. And the median was -15.30% per year.

As of today (2024-04-29), Chiangmai Frozen Foods PCL's current stock price is ฿2.36. Chiangmai Frozen Foods PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ฿0.17. Chiangmai Frozen Foods PCL's Cyclically Adjusted Price-to-FCF of today is 13.88.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Chiangmai Frozen Foods PCL was 20.56. The lowest was 6.71. And the median was 12.24.


Chiangmai Frozen Foods PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Chiangmai Frozen Foods PCL's Cyclically Adjusted FCF per Share 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.

Chiangmai Frozen Foods PCL Cyclically Adjusted FCF per Share Chart

Chiangmai Frozen Foods PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 0.24 0.20 0.17 0.17

Chiangmai Frozen Foods PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 0.17 0.15 0.21 0.17 0.17

Competitive Comparison of Chiangmai Frozen Foods PCL's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Chiangmai Frozen Foods 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.


Chiangmai Frozen Foods PCL's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chiangmai Frozen Foods PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Chiangmai Frozen Foods PCL Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Chiangmai Frozen Foods PCL'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)
=0.165/129.4194*129.4194
=0.165

Current CPI (Dec. 2023) = 129.4194.

Chiangmai Frozen Foods PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.159 98.326 0.209
201403 -0.152 99.695 -0.197
201406 0.162 100.560 0.208
201409 0.034 100.428 0.044
201412 -0.077 99.070 -0.101
201503 -0.122 99.621 -0.158
201506 0.282 100.684 0.362
201509 0.064 100.392 0.083
201512 0.212 99.792 0.275
201606 0.000 101.688 0.000
201609 0.119 101.861 0.151
201612 0.340 101.863 0.432
201703 -0.285 102.862 -0.359
201706 0.203 103.349 0.254
201709 -0.102 104.136 -0.127
201712 0.233 104.011 0.290
201803 -0.288 105.290 -0.354
201806 0.055 106.317 0.067
201809 -0.251 106.507 -0.305
201812 0.132 105.998 0.161
201903 -0.031 107.251 -0.037
201906 0.113 108.070 0.135
201909 0.113 108.329 0.135
201912 0.101 108.420 0.121
202003 -0.051 108.902 -0.061
202006 0.215 108.767 0.256
202009 -0.130 109.815 -0.153
202012 0.063 109.897 0.074
202103 -0.346 111.754 -0.401
202106 0.105 114.631 0.119
202109 0.011 115.734 0.012
202112 -0.064 117.630 -0.070
202203 -0.089 121.301 -0.095
202206 0.121 125.017 0.125
202209 -0.039 125.227 -0.040
202212 0.096 125.222 0.099
202303 0.079 127.348 0.080
202306 0.187 128.729 0.188
202309 0.076 129.860 0.076
202312 0.165 129.419 0.165

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Chiangmai Frozen Foods PCL  (BKK:CM) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Chiangmai Frozen Foods PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.36/0.17
=13.88

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Chiangmai Frozen Foods PCL was 20.56. The lowest was 6.71. And the median was 12.24.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Chiangmai Frozen Foods PCL Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Chiangmai Frozen Foods PCL's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Chiangmai Frozen Foods PCL (BKK:CM) Business Description

Traded in Other Exchanges
N/A
Address
Surawongse road, 149/34, Floor 3rd-4th, Soi Anglo Plaza, Surawongse, Bangrak, Bangkok, THA, 10500
Chiangmai Frozen Foods PCL is a Thailand-based company. It is engaged in the business of manufacturing and exporting frozen vegetables. Its product line consists of Soybeans, Green beans, Sweet corn, Baby corn, and Mixed vegetables. Geographically, the company sells its products in Thailand and also exports it to other countries, of which key revenue is generated from the export sales.