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CIMB Thai Bank (BKK:CIMBT) Cyclically Adjusted FCF per Share : ฿-0.12 (As of Mar. 2024)


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What is CIMB Thai Bank 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.

CIMB Thai Bank's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿-0.017. 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 ฿-0.12 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 46.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 42.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of CIMB Thai Bank was 46.90% per year. The lowest was 32.50% per year. And the median was 37.20% per year.

As of today (2024-05-23), CIMB Thai Bank's current stock price is ฿0.56. CIMB Thai Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿-0.12. CIMB Thai Bank's Cyclically Adjusted Price-to-FCF of today is .


CIMB Thai Bank Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CIMB Thai Bank'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.

CIMB Thai Bank Cyclically Adjusted FCF per Share Chart

CIMB Thai Bank 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 -0.24 -0.20 -0.16 -0.05 -0.03

CIMB Thai Bank 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 -0.09 -0.10 -0.14 -0.03 -0.12

Competitive Comparison of CIMB Thai Bank's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, CIMB Thai Bank'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.


CIMB Thai Bank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, CIMB Thai Bank's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where CIMB Thai Bank's Cyclically Adjusted Price-to-FCF falls into.



CIMB Thai Bank 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, CIMB Thai Bank'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)
=-0.017/131.7762*131.7762
=-0.017

Current CPI (Mar. 2024) = 131.7762.

CIMB Thai Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.685 100.560 -0.898
201409 0.021 100.428 0.028
201412 0.115 99.070 0.153
201503 0.186 99.621 0.246
201506 -0.319 100.684 -0.418
201509 -0.285 100.392 -0.374
201512 -0.217 99.792 -0.287
201603 -0.199 100.470 -0.261
201606 0.021 101.688 0.027
201609 -0.016 101.861 -0.021
201612 -0.251 101.863 -0.325
201703 -0.158 102.862 -0.202
201706 -0.507 103.349 -0.646
201709 -0.309 104.136 -0.391
201712 0.035 104.011 0.044
201803 -0.123 105.290 -0.154
201806 0.305 106.317 0.378
201809 0.003 106.507 0.004
201812 0.227 105.998 0.282
201903 -0.027 107.251 -0.033
201906 -0.465 108.070 -0.567
201909 0.107 108.329 0.130
201912 0.125 108.420 0.152
202003 0.103 108.902 0.125
202006 0.008 108.767 0.010
202009 -0.035 109.815 -0.042
202012 0.129 109.897 0.155
202103 0.092 111.754 0.108
202106 -0.033 114.631 -0.038
202109 -0.055 115.734 -0.063
202112 0.418 117.630 0.468
202203 0.338 121.301 0.367
202206 0.464 125.017 0.489
202209 -0.258 125.227 -0.271
202212 0.421 125.222 0.443
202303 -0.669 127.348 -0.692
202306 0.235 128.729 0.241
202309 -0.277 129.860 -0.281
202312 0.934 129.419 0.951
202403 -0.017 131.776 -0.017

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


CIMB Thai Bank  (BKK:CIMBT) 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.


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.


CIMB Thai Bank Cyclically Adjusted FCF per Share Related Terms

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


CIMB Thai Bank (BKK:CIMBT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
44 Langsuan Road, Lumpini, Pathumwan, Bangkok, THA, 10330
CIMB Thai Bank PLC is a financial service provider in Thailand. It provides consumer banking, commercial banking, investment banking, Islamic banking, asset management and insurance products and services. The bank has a presence in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, and Laos. It operates through CIMB Bank, CIMB Investment Bank, and CIMB Islamic. Its segments are Consumer Banking, Wholesale Banking, and Others, out of which it earns its maximum revenue from consumer banking.

CIMB Thai Bank (BKK:CIMBT) Headlines

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