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Carabao Group PCL (BKK:CBG-F) Cyclically Adjusted FCF per Share : ฿0.83 (As of Mar. 2024)


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What is Carabao Group 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.

Carabao Group PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿1.021. 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 ฿0.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Carabao Group PCL's average Cyclically Adjusted FCF Growth Rate was 73.70% 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.

As of today (2024-06-04), Carabao Group PCL's current stock price is ฿53.25. Carabao Group PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿0.83. Carabao Group PCL's Cyclically Adjusted Price-to-FCF of today is 64.16.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Carabao Group PCL was 210.00. The lowest was 62.37. And the median was 115.18.


Carabao Group PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Carabao Group 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.

Carabao Group PCL Cyclically Adjusted FCF per Share Chart

Carabao Group 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 - - - 0.54 0.97

Carabao Group 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 0.62 1.03 0.88 0.97 0.83

Competitive Comparison of Carabao Group PCL's Cyclically Adjusted FCF per Share

For the Beverages - Non-Alcoholic subindustry, Carabao Group 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.


Carabao Group PCL's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Carabao Group PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Carabao Group 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, Carabao Group 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)
=1.021/131.7762*131.7762
=1.021

Current CPI (Mar. 2024) = 131.7762.

Carabao Group PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.259 100.560 0.339
201409 -0.269 100.428 -0.353
201412 0.226 99.070 0.301
201503 0.090 99.621 0.119
201506 0.487 100.684 0.637
201509 0.436 100.392 0.572
201512 0.406 99.792 0.536
201603 0.303 100.470 0.397
201606 0.336 101.688 0.435
201609 0.420 101.861 0.543
201612 -1.651 101.863 -2.136
201703 -0.452 102.862 -0.579
201706 -0.536 103.349 -0.683
201709 -1.457 104.136 -1.844
201712 -0.303 104.011 -0.384
201803 -0.835 105.290 -1.045
201806 -0.129 106.317 -0.160
201809 -0.131 106.507 -0.162
201812 0.317 105.998 0.394
201903 0.364 107.251 0.447
201906 0.482 108.070 0.588
201909 0.157 108.329 0.191
201912 1.638 108.420 1.991
202003 1.177 108.902 1.424
202006 0.813 108.767 0.985
202009 0.141 109.815 0.169
202012 -0.172 109.897 -0.206
202103 0.933 111.754 1.100
202106 -0.176 114.631 -0.202
202109 0.124 115.734 0.141
202112 0.407 117.630 0.456
202203 0.811 121.301 0.881
202206 0.399 125.017 0.421
202209 -0.067 125.227 -0.071
202212 0.542 125.222 0.570
202303 0.706 127.348 0.731
202306 0.833 128.729 0.853
202309 0.470 129.860 0.477
202312 1.034 129.419 1.053
202403 1.021 131.776 1.021

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


Carabao Group PCL  (BKK:CBG-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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=53.25/0.83
=64.16

* 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 12 years, the highest Cyclically Adjusted Price-to-FCF of Carabao Group PCL was 210.00. The lowest was 62.37. And the median was 115.18.


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.


Carabao Group PCL Cyclically Adjusted FCF per Share Related Terms

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


Carabao Group PCL (BKK:CBG-F) Business Description

Traded in Other Exchanges
Address
Silom Road, Silom, 393 Silom Building, 393, 7th - 10th Floor, Bangrak, Bangkok, THA, 10500
Carabao Group PCL through its subsidiaries manufactures and distributes energy drinks, water, and coffee, under brand names including Carabao and Start. It operates in three segments: Manufacture and Distribution of Energy Drinks, Distribution of OEM products under Group's trademark, and Distribution of Other Products. Only the Manufacture and Distribution of Energy Drinks and Distribution of Other Products segments sell to external customers. The two segments account for roughly 30% and 70% of external sales, respectively. Geographically, it derives the majority of revenue from Thailand.

Carabao Group PCL (BKK:CBG-F) Headlines

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