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Cho Thavee PCL (BKK:CHO) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is Cho Thavee PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cho Thavee PCL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cho Thavee PCL's Cyclically Adjusted Price-to-FCF 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.

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Cho Thavee PCL Cyclically Adjusted Price-to-FCF Chart

Cho Thavee PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Cho Thavee PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Cho Thavee PCL's Cyclically Adjusted Price-to-FCF

For the Farm & Heavy Construction Machinery subindustry, Cho Thavee 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.


Cho Thavee PCL's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Cho Thavee PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Cho Thavee PCL Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Cho Thavee PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Cho Thavee 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)
=-0.347/131.7762*131.7762
=-0.347

Current CPI (Mar. 2024) = 131.7762.

Cho Thavee PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.328 100.560 -0.430
201409 -0.258 100.428 -0.339
201412 0.199 99.070 0.265
201503 0.156 99.621 0.206
201506 -0.810 100.684 -1.060
201509 -0.499 100.392 -0.655
201512 0.421 99.792 0.556
201603 0.092 100.470 0.121
201606 -0.117 101.688 -0.152
201609 -0.457 101.861 -0.591
201612 0.589 101.863 0.762
201703 -0.414 102.862 -0.530
201706 -0.476 103.349 -0.607
201709 -0.515 104.136 -0.652
201712 -0.014 104.011 -0.018
201803 -1.303 105.290 -1.631
201806 -0.522 106.317 -0.647
201809 0.010 106.507 0.012
201812 -0.167 105.998 -0.208
201903 -0.241 107.251 -0.296
201906 1.164 108.070 1.419
201909 -0.387 108.329 -0.471
201912 0.236 108.420 0.287
202003 -0.370 108.902 -0.448
202006 0.067 108.767 0.081
202009 0.362 109.815 0.434
202012 -0.188 109.897 -0.225
202103 0.073 111.754 0.086
202106 -0.157 114.631 -0.180
202109 -0.105 115.734 -0.120
202112 -0.011 117.630 -0.012
202203 -0.141 121.301 -0.153
202206 0.074 125.017 0.078
202209 0.135 125.227 0.142
202212 -0.015 125.222 -0.016
202303 -0.685 127.348 -0.709
202306 0.021 128.729 0.021
202309 -0.059 129.860 -0.060
202312 0.287 129.419 0.292
202403 -0.347 131.776 -0.347

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


Cho Thavee PCL  (BKK:CHO) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Cho Thavee PCL Cyclically Adjusted Price-to-FCF Related Terms

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Cho Thavee PCL (BKK:CHO) Business Description

Traded in Other Exchanges
N/A
Address
265 Moo 4, Klang Muang Road, Tambol Muang Khao, Amphur Muang, Khon Kaen, THA, 40000
Cho Thavee PCL along with its subsidiaries engages in the manufacturing, selling and providing service of trailer assembly, vehicles, and special equipment. The company's products comprise standard products, which include trucks, semi-trailer, full-trailer; and other related products. Its segments include deriving revenue from contracts such as standard products, special products and project contract; revenue from sales such as the sale of spare parts and vehicle prototype; and revenue from service such as maintenance service centre. The group has a business presence in Thailand and other countries, of which a majority of revenue is derived from Thailand.

Cho Thavee PCL (BKK:CHO) Headlines

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