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Bangchak PCL (BKK:BCP) Cyclically Adjusted FCF per Share : ฿5.66 (As of Mar. 2024)


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What is Bangchak 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.

Bangchak PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿1.143. 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 ฿5.66 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bangchak PCL's average Cyclically Adjusted FCF Growth Rate was 91.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 64.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 23.20% 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 Bangchak PCL was 64.00% per year. The lowest was -18.80% per year. And the median was 11.85% per year.

As of today (2024-06-06), Bangchak PCL's current stock price is ฿37.75. Bangchak PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿5.66. Bangchak PCL's Cyclically Adjusted Price-to-FCF of today is 6.67.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bangchak PCL was 31.33. The lowest was 6.80. And the median was 17.30.


Bangchak PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bangchak 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.

Bangchak PCL Cyclically Adjusted FCF per Share Chart

Bangchak 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 1.44 1.05 1.99 2.24 4.63

Bangchak 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 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 2.95 3.85 4.50 4.63 5.66

Competitive Comparison of Bangchak PCL's Cyclically Adjusted FCF per Share

For the Oil & Gas Refining & Marketing subindustry, Bangchak 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.


Bangchak PCL's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bangchak PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Bangchak 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, Bangchak 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)
=1.143/131.7762*131.7762
=1.143

Current CPI (Mar. 2024) = 131.7762.

Bangchak PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.365 100.560 3.099
201409 0.735 100.428 0.964
201412 1.901 99.070 2.529
201503 4.409 99.621 5.832
201506 0.638 100.684 0.835
201509 0.588 100.392 0.772
201512 -0.630 99.792 -0.832
201603 2.831 100.470 3.713
201606 1.535 101.688 1.989
201609 -3.118 101.861 -4.034
201612 0.913 101.863 1.181
201703 -0.234 102.862 -0.300
201706 0.726 103.349 0.926
201709 1.825 104.136 2.309
201712 2.857 104.011 3.620
201803 -1.689 105.290 -2.114
201806 -2.092 106.317 -2.593
201809 -0.877 106.507 -1.085
201812 2.563 105.998 3.186
201903 -0.238 107.251 -0.292
201906 -0.673 108.070 -0.821
201909 0.801 108.329 0.974
201912 -1.157 108.420 -1.406
202003 -3.935 108.902 -4.762
202006 3.670 108.767 4.446
202009 -0.265 109.815 -0.318
202012 0.829 109.897 0.994
202103 0.564 111.754 0.665
202106 0.423 114.631 0.486
202109 -3.251 115.734 -3.702
202112 6.750 117.630 7.562
202203 0.555 121.301 0.603
202206 2.699 125.017 2.845
202209 -4.914 125.227 -5.171
202212 8.686 125.222 9.141
202303 8.062 127.348 8.342
202306 3.927 128.729 4.020
202309 5.398 129.860 5.478
202312 6.230 129.419 6.343
202403 1.143 131.776 1.143

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


Bangchak PCL  (BKK:BCP) 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.

Bangchak PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=37.75/5.66
=6.67

* 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 Bangchak PCL was 31.33. The lowest was 6.80. And the median was 17.30.


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.


Bangchak PCL Cyclically Adjusted FCF per Share Related Terms

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


Bangchak PCL (BKK:BCP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bangchak Corp PCL (BKK:BCP) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
Sukhumvit Road, 2098 M Tower Building, 8th Floor, Phra Kanong Tai, Phra Kanong, Bangkok, THA, 10260
Bangchak Corp PCL is a Thailand-based energy company that engages in petroleum refining. Crude oil for refining can be gathered from both domestic and international sources, and processed into a variety of petroleum products. Gasoline and diesel fuels are marketed to customers in the industrial, transport, aviation, marine, construction, and agriculture sectors. The company also offers petroleum products at its line of retail stations around Thailand. In addition to its refinery business, Bangchak produces power from solar farms, biomass energy, and petroleum exploration and production.

Bangchak PCL (BKK:BCP) Headlines

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