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Fine Metal Technologies PCL (BKK:FMT) Cyclically Adjusted Price-to-FCF : 8.22 (As of Jun. 09, 2024)


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What is Fine Metal Technologies PCL Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Fine Metal Technologies PCL's current share price is ฿36.00. Fine Metal Technologies PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿4.38. Fine Metal Technologies PCL's Cyclically Adjusted Price-to-FCF for today is 8.22.

The historical rank and industry rank for Fine Metal Technologies PCL's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BKK:FMT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.48   Med: 6.46   Max: 10.9
Current: 8.21

During the past years, Fine Metal Technologies PCL's highest Cyclically Adjusted Price-to-FCF was 10.90. The lowest was 4.48. And the median was 6.46.

BKK:FMT's Cyclically Adjusted Price-to-FCF is ranked better than
92.15% of 1032 companies
in the Industrial Products industry
Industry Median: 32.78 vs BKK:FMT: 8.21

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.

Fine Metal Technologies PCL's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ฿5.944. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ฿4.38 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fine Metal Technologies PCL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fine Metal Technologies 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.

* Premium members only.

Fine Metal Technologies PCL Cyclically Adjusted Price-to-FCF Chart

Fine Metal Technologies PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.54 4.54 7.06 8.29 9.07

Fine Metal Technologies 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 Price-to-FCF 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 9.14 10.49 10.21 9.07 7.87

Competitive Comparison of Fine Metal Technologies PCL's Cyclically Adjusted Price-to-FCF

For the Metal Fabrication subindustry, Fine Metal Technologies 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.


Fine Metal Technologies PCL's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fine Metal Technologies PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fine Metal Technologies PCL's Cyclically Adjusted Price-to-FCF falls into.



Fine Metal Technologies 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.

Fine Metal Technologies PCL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=36.00/4.38
=8.22

* 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.

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

For example, Fine Metal Technologies 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)
=5.944/131.7762*131.7762
=5.944

Current CPI (Mar. 2024) = 131.7762.

Fine Metal Technologies PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.898 100.560 3.798
201409 0.101 100.428 0.133
201412 2.543 99.070 3.383
201503 2.396 99.621 3.169
201506 1.201 100.684 1.572
201509 -0.722 100.392 -0.948
201512 4.632 99.792 6.117
201603 0.417 100.470 0.547
201606 4.544 101.688 5.889
201609 1.901 101.861 2.459
201612 1.712 101.863 2.215
201703 -4.172 102.862 -5.345
201706 -2.091 103.349 -2.666
201709 0.315 104.136 0.399
201712 -0.645 104.011 -0.817
201803 3.064 105.290 3.835
201806 4.367 106.317 5.413
201809 -6.150 106.507 -7.609
201812 3.840 105.998 4.774
201903 -0.647 107.251 -0.795
201906 -0.028 108.070 -0.034
201909 0.943 108.329 1.147
201912 3.040 108.420 3.695
202003 -4.570 108.902 -5.530
202006 3.808 108.767 4.614
202009 -3.430 109.815 -4.116
202012 0.822 109.897 0.986
202103 -2.715 111.754 -3.201
202106 4.529 114.631 5.206
202109 -1.686 115.734 -1.920
202112 0.868 117.630 0.972
202203 1.743 121.301 1.894
202206 -1.580 125.017 -1.665
202209 6.377 125.227 6.711
202212 0.838 125.222 0.882
202303 -7.027 127.348 -7.271
202306 3.062 128.729 3.134
202309 1.930 129.860 1.958
202312 4.815 129.419 4.903
202403 5.944 131.776 5.944

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.


Fine Metal Technologies PCL  (BKK:FMT) 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.


Fine Metal Technologies PCL Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Fine Metal Technologies PCL's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Fine Metal Technologies PCL (BKK:FMT) Business Description

Traded in Other Exchanges
N/A
Address
Rajdamri Road, 183 Regent House Building, 14th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330
Fine Metal Technologies PCL is engaged in the manufacturing and distribution of a seamless copper tube, which is an important component for air-conditioners and refrigerator equipment. Its products include Smooth Tube, Multi Groove Tube, Accumulator Tube, and Capillary Tube. Geographically, the company operates in Thailand, Malaysia, Japan, Singapore and Othercountries.

Fine Metal Technologies PCL (BKK:FMT) Headlines

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