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Charoen Pokphand Foods PCL (BKK:CPF) Cyclically Adjusted FCF per Share : ฿0.77 (As of Mar. 2024)


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What is Charoen Pokphand Foods 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.

Charoen Pokphand Foods PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿1.375. 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 ฿0.77 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Charoen Pokphand Foods PCL's average Cyclically Adjusted FCF Growth Rate was 352.90% 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 Charoen Pokphand Foods PCL was -3.00% per year. The lowest was -3.00% per year. And the median was -3.00% per year.

As of today (2024-05-26), Charoen Pokphand Foods PCL's current stock price is ฿23.20. Charoen Pokphand Foods PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿0.77. Charoen Pokphand Foods PCL's Cyclically Adjusted Price-to-FCF of today is 30.13.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Charoen Pokphand Foods PCL was 491.67. The lowest was 23.38. And the median was 108.92.


Charoen Pokphand Foods PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Charoen Pokphand Foods 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.

Charoen Pokphand Foods PCL Cyclically Adjusted FCF per Share Chart

Charoen Pokphand Foods 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 -0.47 - -0.35 0.05 0.45

Charoen Pokphand Foods 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 0.17 0.19 0.18 0.45 0.77

Competitive Comparison of Charoen Pokphand Foods PCL's Cyclically Adjusted FCF per Share

For the Farm Products subindustry, Charoen Pokphand Foods 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.


Charoen Pokphand Foods PCL's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Charoen Pokphand Foods PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Charoen Pokphand Foods 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, Charoen Pokphand Foods 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)
=1.375/131.7762*131.7762
=1.375

Current CPI (Mar. 2024) = 131.7762.

Charoen Pokphand Foods PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.610 100.560 0.799
201409 0.707 100.428 0.928
201412 -0.327 99.070 -0.435
201503 -1.255 99.621 -1.660
201506 -0.706 100.684 -0.924
201509 1.061 100.392 1.393
201512 0.244 99.792 0.322
201603 -0.028 100.470 -0.037
201606 1.707 101.688 2.212
201609 0.356 101.861 0.461
201612 -0.840 101.863 -1.087
201703 -1.002 102.862 -1.284
201706 0.391 103.349 0.499
201709 -0.106 104.136 -0.134
201712 -0.980 104.011 -1.242
201803 -1.233 105.290 -1.543
201806 -0.503 106.317 -0.623
201809 0.409 106.507 0.506
201812 -0.336 105.998 -0.418
201903 0.206 107.251 0.253
201906 0.400 108.070 0.488
201909 0.565 108.329 0.687
201912 0.618 108.420 0.751
202003 0.776 108.902 0.939
202006 0.425 108.767 0.515
202009 2.102 109.815 2.522
202012 2.016 109.897 2.417
202103 0.828 111.754 0.976
202106 -0.807 114.631 -0.928
202109 -1.386 115.734 -1.578
202112 -0.808 117.630 -0.905
202203 0.364 121.301 0.395
202206 0.232 125.017 0.245
202209 0.894 125.227 0.941
202212 -0.758 125.222 -0.798
202303 0.149 127.348 0.154
202306 -0.161 128.729 -0.165
202309 0.698 129.860 0.708
202312 0.994 129.419 1.012
202403 1.375 131.776 1.375

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


Charoen Pokphand Foods PCL  (BKK:CPF) 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.

Charoen Pokphand Foods PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=23.20/0.77
=30.13

* 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 Charoen Pokphand Foods PCL was 491.67. The lowest was 23.38. And the median was 108.92.


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.


Charoen Pokphand Foods PCL Cyclically Adjusted FCF per Share Related Terms

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


Charoen Pokphand Foods PCL (BKK:CPF) Business Description

Traded in Other Exchanges
Address
Silom Road, 313 C.P. Tower, Silom, Bangrak, Bangkok, THA, 10500
Charoen Pokphand Foods PCL operates in agro-industrial and integrated food businesses. The group's business operations are located throughout Thailand and overseas. The businesses are divided into two main segments namely the livestock business which comprises chicken, duck and pigs and the aquaculture business comprises shrimp and fish. The two main businesses are vertically integrated, starting from sourcing raw materials for animal feed production, manufacturing animal feed, breeding animals, farming animals for commercial purposes, primary processing meat, producing ready-to-eat food products, and including operating food retail outlets and restaurants.