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Krung Thai Bank PCL (BKK:KTB) Cyclically Adjusted FCF per Share : ฿0.96 (As of Mar. 2024)


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What is Krung Thai Bank 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.

Krung Thai Bank PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿6.555. 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 ฿0.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Krung Thai Bank PCL's average Cyclically Adjusted FCF Growth Rate was 26.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -30.50% 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 Krung Thai Bank PCL was 17.30% per year. The lowest was -33.00% per year. And the median was -30.50% per year.

As of today (2024-05-26), Krung Thai Bank PCL's current stock price is ฿17.00. Krung Thai Bank PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿0.96. Krung Thai Bank PCL's Cyclically Adjusted Price-to-FCF of today is 17.71.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Krung Thai Bank PCL was 179.00. The lowest was 3.99. And the median was 12.72.


Krung Thai Bank PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Krung Thai Bank 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.

Krung Thai Bank PCL Cyclically Adjusted FCF per Share Chart

Krung Thai Bank 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 2.23 2.00 1.87 0.67 0.67

Krung Thai Bank 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 0.76 0.55 0.62 0.67 0.96

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

For the Banks - Regional subindustry, Krung Thai Bank 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.


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

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

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



Krung Thai Bank 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, Krung Thai Bank 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)
=6.555/131.7762*131.7762
=6.555

Current CPI (Mar. 2024) = 131.7762.

Krung Thai Bank PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.837 100.560 -3.718
201409 -0.169 100.428 -0.222
201412 3.304 99.070 4.395
201503 1.664 99.621 2.201
201506 0.735 100.684 0.962
201509 0.950 100.392 1.247
201512 -2.153 99.792 -2.843
201603 -1.778 100.470 -2.332
201606 1.032 101.688 1.337
201609 -0.648 101.861 -0.838
201612 0.533 101.863 0.690
201703 0.711 102.862 0.911
201706 -1.181 103.349 -1.506
201709 -0.065 104.136 -0.082
201712 0.658 104.011 0.834
201803 -2.440 105.290 -3.054
201806 0.000 106.317 0.000
201809 0.000 106.507 0.000
201812 0.000 105.998 0.000
201903 1.552 107.251 1.907
201906 2.623 108.070 3.198
201909 -1.365 108.329 -1.660
201912 7.953 108.420 9.666
202003 0.449 108.902 0.543
202006 -3.647 108.767 -4.418
202009 1.732 109.815 2.078
202012 1.357 109.897 1.627
202103 -6.567 111.754 -7.744
202106 -2.019 114.631 -2.321
202109 1.703 115.734 1.939
202112 5.432 117.630 6.085
202203 -7.043 121.301 -7.651
202206 -0.461 125.017 -0.486
202209 -0.062 125.227 -0.065
202212 2.682 125.222 2.822
202303 -4.742 127.348 -4.907
202306 2.360 128.729 2.416
202309 0.900 129.860 0.913
202312 0.429 129.419 0.437
202403 6.555 131.776 6.555

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


Krung Thai Bank PCL  (BKK:KTB) 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.

Krung Thai Bank PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=17.00/0.96
=17.71

* 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 Krung Thai Bank PCL was 179.00. The lowest was 3.99. And the median was 12.72.


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.


Krung Thai Bank PCL Cyclically Adjusted FCF per Share Related Terms

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


Krung Thai Bank PCL (BKK:KTB) Business Description

Industry
Address
35 Sukhumvit Road, Klongtoey Nua Subdistrict, Wattana District, Bangkok, THA, 10110
Krung Thai Bank PCL engages in commercial banking business and conducts its business through a nationwide branch network and in certain centers of the world. The company has three segments which are Retail banking, Corporate banking and Treasury and investment. Majority of the revenue is earned from Retail banking segment.