GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Airports Of Thailand PLC (BKK:AOT) » Definitions » Cyclically Adjusted FCF per Share

Airports Of Thailand (BKK:AOT) Cyclically Adjusted FCF per Share : ฿0.80 (As of Mar. 2024)


View and export this data going back to 2004. Start your Free Trial

What is Airports Of Thailand 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.

Airports Of Thailand's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿0.536. 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 ฿0.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Airports Of Thailand's average Cyclically Adjusted FCF Growth Rate was -3.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -12.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -10.40% 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 Airports Of Thailand was -0.30% per year. The lowest was -13.60% per year. And the median was -10.30% per year.

As of today (2024-05-22), Airports Of Thailand's current stock price is ฿67.00. Airports Of Thailand's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿0.80. Airports Of Thailand's Cyclically Adjusted Price-to-FCF of today is 83.75.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Airports Of Thailand was 88.82. The lowest was 38.26. And the median was 59.66.


Airports Of Thailand Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Airports Of Thailand'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.

Airports Of Thailand Cyclically Adjusted FCF per Share Chart

Airports Of Thailand Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.35 1.16 0.96 0.87 0.78

Airports Of Thailand Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.83 0.82 0.78 0.78 0.80

Competitive Comparison of Airports Of Thailand's Cyclically Adjusted FCF per Share

For the Airports & Air Services subindustry, Airports Of Thailand'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.


Airports Of Thailand's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Airports Of Thailand's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Airports Of Thailand's Cyclically Adjusted Price-to-FCF falls into.



Airports Of Thailand 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, Airports Of Thailand'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)
=0.536/131.7762*131.7762
=0.536

Current CPI (Mar. 2024) = 131.7762.

Airports Of Thailand Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.243 100.560 0.318
201409 0.111 100.428 0.146
201412 0.133 99.070 0.177
201503 0.413 99.621 0.546
201506 0.291 100.684 0.381
201509 0.452 100.392 0.593
201512 0.287 99.792 0.379
201603 0.543 100.470 0.712
201606 0.513 101.688 0.665
201609 0.440 101.861 0.569
201612 0.252 101.863 0.326
201703 0.493 102.862 0.632
201706 0.322 103.349 0.411
201709 0.457 104.136 0.578
201712 0.109 104.011 0.138
201803 0.574 105.290 0.718
201806 0.381 106.317 0.472
201809 0.619 106.507 0.766
201812 0.161 105.998 0.200
201903 0.644 107.251 0.791
201906 0.364 108.070 0.444
201909 0.450 108.329 0.547
201912 0.152 108.420 0.185
202003 0.063 108.902 0.076
202006 -0.575 108.767 -0.697
202009 -0.594 109.815 -0.713
202012 -0.676 109.897 -0.811
202103 -0.249 111.754 -0.294
202106 -0.235 114.631 -0.270
202109 -0.270 115.734 -0.307
202112 -0.446 117.630 -0.500
202203 -0.098 121.301 -0.106
202206 -0.094 125.017 -0.099
202209 -0.043 125.227 -0.045
202212 -0.013 125.222 -0.014
202303 0.145 127.348 0.150
202306 0.161 128.729 0.165
202309 0.074 129.860 0.075
202312 0.180 129.419 0.183
202403 0.536 131.776 0.536

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


Airports Of Thailand  (BKK:AOT) 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.

Airports Of Thailand's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=67.00/0.8
=83.75

* 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 Airports Of Thailand was 88.82. The lowest was 38.26. And the median was 59.66.


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.


Airports Of Thailand Cyclically Adjusted FCF per Share Related Terms

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


Airports Of Thailand (BKK:AOT) Business Description

Address
No. 333, Cherdwutagard Road, Srikan, Don Mueang, Bangkok, THA, 10210
Airports Of Thailand PLC operates airports and provides services related to air transportation. Its airports, located in Thailand, serve both domestic and international flights. Revenue is generated primarily from two sources: aeronautical and nonaeronautical. Aeronautical revenue is associated with air traffic, including landing and parking charges, and passenger and aircraft service charges. Nonaeronautical revenue primarily results from office and state property rents. Additionally, Airports of Thailand has invested in other companies to provide services and products related to its airports. Its investments are wide-ranging, including hotels, aviation fuel services, and catering services.

Airports Of Thailand (BKK:AOT) Headlines

No Headlines