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PTT Global Chemical PCL (BKK:PTTGC-F) Cyclically Adjusted FCF per Share : ฿5.32 (As of Dec. 2023)


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What is PTT Global Chemical 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.

PTT Global Chemical PCL's adjusted free cash flow per share for the three months ended in Dec. 2023 was ฿0.918. 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 ฿5.32 for the trailing ten years ended in Dec. 2023.

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.

As of today (2024-04-28), PTT Global Chemical PCL's current stock price is ฿36.75. PTT Global Chemical PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ฿5.32. PTT Global Chemical PCL's Cyclically Adjusted Price-to-FCF of today is 6.91.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PTT Global Chemical PCL was 10.34. The lowest was 6.09. And the median was 7.18.


PTT Global Chemical PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PTT Global Chemical 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.

PTT Global Chemical PCL Cyclically Adjusted FCF per Share Chart

PTT Global Chemical 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 - - 7.79 5.46 5.32

PTT Global Chemical 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 5.46 6.24 5.36 6.29 5.32

Competitive Comparison of PTT Global Chemical PCL's Cyclically Adjusted FCF per Share

For the Chemicals subindustry, PTT Global Chemical 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.


PTT Global Chemical PCL's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, PTT Global Chemical PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PTT Global Chemical 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, PTT Global Chemical 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)
=0.918/129.4194*129.4194
=0.918

Current CPI (Dec. 2023) = 129.4194.

PTT Global Chemical PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.838 99.695 2.386
201406 1.521 100.560 1.958
201409 1.586 100.428 2.044
201412 1.168 99.070 1.526
201503 3.135 99.621 4.073
201506 2.785 100.684 3.580
201509 0.230 100.392 0.297
201512 0.915 99.792 1.187
201603 2.224 100.470 2.865
201606 1.752 101.688 2.230
201609 0.458 101.861 0.582
201612 1.808 101.863 2.297
201703 3.151 102.862 3.965
201706 2.024 103.349 2.535
201709 2.429 104.136 3.019
201712 2.586 104.011 3.218
201803 2.601 105.290 3.197
201806 -0.434 106.317 -0.528
201809 3.438 106.507 4.178
201812 -0.093 105.998 -0.114
201903 0.774 107.251 0.934
201906 -0.377 108.070 -0.451
201909 -2.004 108.329 -2.394
201912 -0.755 108.420 -0.901
202003 -1.594 108.902 -1.894
202006 0.669 108.767 0.796
202009 -0.416 109.815 -0.490
202012 0.691 109.897 0.814
202103 0.162 111.754 0.188
202106 1.869 114.631 2.110
202109 4.258 115.734 4.761
202112 5.400 117.630 5.941
202203 0.038 121.301 0.041
202206 -1.787 125.017 -1.850
202209 -1.477 125.227 -1.526
202212 -2.274 125.222 -2.350
202303 2.950 127.348 2.998
202306 1.016 128.729 1.021
202309 1.470 129.860 1.465
202312 0.918 129.419 0.918

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


PTT Global Chemical PCL  (BKK:PTTGC-F) 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.

PTT Global Chemical PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=36.75/5.32
=6.91

* 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 PTT Global Chemical PCL was 10.34. The lowest was 6.09. And the median was 7.18.


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.


PTT Global Chemical PCL Cyclically Adjusted FCF per Share Related Terms

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


PTT Global Chemical PCL (BKK:PTTGC-F) Business Description

Traded in Other Exchanges
Address
Vibhavadi-Rangsit Road, 555/1, Energy Complex, Building A, 14th - 18th Floor, Chatuchak, Bangkok, THA, 10900
PTT Global Chemical PCL is a Thailand-based company. The reportable segments of the company are Upstream (including Refinery, Aromatics and Olefins), Intermediates (including EO-Based Performance, Phenol and others) Polymers and Chemicals, Bio and Circularity, Performance Chemicals, Service and Others. The majority of revenue is earned in Thailand.

PTT Global Chemical PCL (BKK:PTTGC-F) Headlines

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