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Aapico Hitech PCL (BKK:AH) Cyclically Adjusted FCF per Share : ฿2.85 (As of Mar. 2024)


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What is Aapico Hitech 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.

Aapico Hitech PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿-0.353. 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 ฿2.85 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Aapico Hitech PCL's average Cyclically Adjusted FCF Growth Rate was -7.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 23.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 25.10% 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 Aapico Hitech PCL was 33.60% per year. The lowest was 23.00% per year. And the median was 29.10% per year.

As of today (2024-06-06), Aapico Hitech PCL's current stock price is ฿21.80. Aapico Hitech PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿2.85. Aapico Hitech PCL's Cyclically Adjusted Price-to-FCF of today is 7.65.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Aapico Hitech PCL was 33.15. The lowest was 4.27. And the median was 10.63.


Aapico Hitech PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Aapico Hitech 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.

Aapico Hitech PCL Cyclically Adjusted FCF per Share Chart

Aapico Hitech 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 1.23 1.57 2.41 2.93 2.92

Aapico Hitech 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 3.09 3.29 3.26 2.92 2.85

Competitive Comparison of Aapico Hitech PCL's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, Aapico Hitech 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.


Aapico Hitech PCL's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aapico Hitech PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Aapico Hitech 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, Aapico Hitech 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)
=-0.353/131.7762*131.7762
=-0.353

Current CPI (Mar. 2024) = 131.7762.

Aapico Hitech PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.457 100.560 0.599
201409 1.564 100.428 2.052
201412 0.581 99.070 0.773
201503 0.151 99.621 0.200
201506 0.281 100.684 0.368
201509 0.812 100.392 1.066
201512 0.600 99.792 0.792
201603 0.227 100.470 0.298
201606 0.315 101.688 0.408
201609 1.376 101.861 1.780
201612 1.068 101.863 1.382
201703 0.408 102.862 0.523
201706 0.609 103.349 0.777
201709 1.508 104.136 1.908
201712 0.448 104.011 0.568
201803 0.739 105.290 0.925
201806 1.244 106.317 1.542
201809 0.388 106.507 0.480
201812 -0.510 105.998 -0.634
201903 -0.532 107.251 -0.654
201906 1.688 108.070 2.058
201909 0.133 108.329 0.162
201912 0.112 108.420 0.136
202003 -0.235 108.902 -0.284
202006 -1.978 108.767 -2.396
202009 1.115 109.815 1.338
202012 0.192 109.897 0.230
202103 1.276 111.754 1.505
202106 -0.288 114.631 -0.331
202109 1.965 115.734 2.237
202112 2.124 117.630 2.379
202203 1.301 121.301 1.413
202206 0.061 125.017 0.064
202209 0.830 125.227 0.873
202212 0.739 125.222 0.778
202303 1.729 127.348 1.789
202306 2.164 128.729 2.215
202309 1.139 129.860 1.156
202312 -1.578 129.419 -1.607
202403 -0.353 131.776 -0.353

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


Aapico Hitech PCL  (BKK:AH) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=21.80/2.85
=7.65

* 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 Aapico Hitech PCL was 33.15. The lowest was 4.27. And the median was 10.63.


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.


Aapico Hitech PCL Cyclically Adjusted FCF per Share Related Terms

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


Aapico Hitech PCL (BKK:AH) Business Description

Traded in Other Exchanges
Address
Tambol Ban Lane, 99 Moo 1 Hitech Industrial Estate, Ampur Bang Pa-in, Ayutthya, THA, 13160
Aapico Hitech PCL is a manufacturing company. The business activity of the firm is organized into business units based on their products and services and has three reported segments which are the Manufacture of auto parts; Sales of automobiles and the provision of automobile repair service; and Others. It manufactures products such as Jigs, Stamping dies, and Original equipment manufacturing auto parts, including Floor parts, Cross members, Pillars, Brackets, Clips, and Fuel tanks. Geographically the firm has its presence in the region of Thailand, China, Malaysia, and Portugal from which it derives the majority of its revenue from Thailand. Most of its revenue is derived from the Manufacture of automobiles assembly tools and parts segment.

Aapico Hitech PCL (BKK:AH) Headlines

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