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Thai Nippon Rubber Industry PCL (BKK:TNR) Cyclically Adjusted FCF per Share : ฿0.45 (As of Mar. 2024)


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What is Thai Nippon Rubber Industry 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.

Thai Nippon Rubber Industry PCL's adjusted free cash flow per share for the three months ended in Mar. 2024 was ฿0.435. 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 ฿0.45 for the trailing ten years ended in Mar. 2024.

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 (2024-06-10), Thai Nippon Rubber Industry PCL's current stock price is ฿10.60. Thai Nippon Rubber Industry PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿0.45. Thai Nippon Rubber Industry PCL's Cyclically Adjusted Price-to-FCF of today is 23.56.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Thai Nippon Rubber Industry PCL was 25.11. The lowest was 20.56. And the median was 22.50.


Thai Nippon Rubber Industry PCL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Thai Nippon Rubber Industry 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.

Thai Nippon Rubber Industry PCL Cyclically Adjusted FCF per Share Chart

Thai Nippon Rubber Industry PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
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Thai Nippon Rubber Industry 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 - - - - 0.45

Competitive Comparison of Thai Nippon Rubber Industry PCL's Cyclically Adjusted FCF per Share

For the Household & Personal Products subindustry, Thai Nippon Rubber Industry 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.


Thai Nippon Rubber Industry PCL's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Nippon Rubber Industry PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Thai Nippon Rubber Industry 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, Thai Nippon Rubber Industry 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)
=0.435/131.7762*131.7762
=0.435

Current CPI (Mar. 2024) = 131.7762.

Thai Nippon Rubber Industry PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 0.000 96.871 0.000
201312 0.000 98.326 0.000
201412 0.000 99.070 0.000
201503 0.328 99.621 0.434
201506 0.057 100.684 0.075
201509 0.559 100.392 0.734
201512 -0.005 99.792 -0.007
201603 0.271 100.470 0.355
201606 0.194 101.688 0.251
201609 0.203 101.861 0.263
201612 -0.123 101.863 -0.159
201703 0.171 102.862 0.219
201706 0.434 103.349 0.553
201709 0.179 104.136 0.227
201712 0.329 104.011 0.417
201803 0.191 105.290 0.239
201806 -1.506 106.317 -1.867
201809 -0.060 106.507 -0.074
201812 0.355 105.998 0.441
201903 -0.178 107.251 -0.219
201906 -0.212 108.070 -0.259
201909 0.012 108.329 0.015
201912 0.093 108.420 0.113
202003 0.109 108.902 0.132
202006 0.233 108.767 0.282
202009 0.084 109.815 0.101
202012 0.313 109.897 0.375
202103 -0.126 111.754 -0.149
202106 0.051 114.631 0.059
202109 0.214 115.734 0.244
202112 -0.165 117.630 -0.185
202203 -0.080 121.301 -0.087
202206 0.368 125.017 0.388
202209 0.105 125.227 0.110
202212 0.018 125.222 0.019
202303 0.059 127.348 0.061
202306 0.257 128.729 0.263
202309 0.105 129.860 0.107
202312 0.288 129.419 0.293
202403 0.435 131.776 0.435

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


Thai Nippon Rubber Industry PCL  (BKK:TNR) 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.

Thai Nippon Rubber Industry PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.60/0.45
=23.56

* 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 Thai Nippon Rubber Industry PCL was 25.11. The lowest was 20.56. And the median was 22.50.


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.


Thai Nippon Rubber Industry PCL Cyclically Adjusted FCF per Share Related Terms

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Thai Nippon Rubber Industry PCL (BKK:TNR) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Charoen Rat Road, Thung Wat Don Subdistrict, Sathon District, Bangkok, THA, 10120
Thai Nippon Rubber Industry PCL provides personal care products. The company's operating segments are Condoms and lubricating gels and Paper boxes. Nippon derives its revenues by retailing and distributing condoms and lubricant gel that are branded under the ONETOUCH, Niptex, and others.

Thai Nippon Rubber Industry PCL (BKK:TNR) Headlines

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