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Bank of the Philippine Islands (Bank of the Philippine Islands) Cyclically Adjusted FCF per Share : $0.09 (As of Mar. 2024)


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What is Bank of the Philippine Islands 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.

Bank of the Philippine Islands's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-0.033. 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 $0.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bank of the Philippine Islands's average Cyclically Adjusted FCF Growth Rate was -49.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -4.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -7.50% 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 Bank of the Philippine Islands was 5.50% per year. The lowest was -25.50% per year. And the median was -1.75% per year.

As of today (2024-05-21), Bank of the Philippine Islands's current stock price is $2.003. Bank of the Philippine Islands's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.09. Bank of the Philippine Islands's Cyclically Adjusted Price-to-FCF of today is 22.26.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bank of the Philippine Islands was 25.47. The lowest was 5.60. And the median was 8.29.


Bank of the Philippine Islands Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bank of the Philippine Islands'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.

Bank of the Philippine Islands Cyclically Adjusted FCF per Share Chart

Bank of the Philippine Islands 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 0.17 0.11 0.22 0.13 0.09

Bank of the Philippine Islands 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 0.18 0.13 0.09 0.09 0.09

Competitive Comparison of Bank of the Philippine Islands's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Bank of the Philippine Islands'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.


Bank of the Philippine Islands's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Bank of the Philippine Islands's Cyclically Adjusted Price-to-FCF falls into.



Bank of the Philippine Islands 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, Bank of the Philippine Islands'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)
=-0.033/131.7762*131.7762
=-0.033

Current CPI (Mar. 2024) = 131.7762.

Bank of the Philippine Islands Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.104 100.560 0.136
201409 -0.100 100.428 -0.131
201412 0.172 99.070 0.229
201503 0.250 99.621 0.331
201506 0.048 100.684 0.063
201509 -0.187 100.392 -0.245
201512 0.105 99.792 0.139
201603 0.110 100.470 0.144
201606 -0.022 101.688 -0.029
201609 -0.107 101.861 -0.138
201612 0.020 101.863 0.026
201703 0.089 102.862 0.114
201706 -0.101 103.349 -0.129
201709 0.058 104.136 0.073
201712 -0.034 104.011 -0.043
201803 0.002 105.290 0.003
201806 -0.203 106.317 -0.252
201809 -0.137 106.507 -0.170
201812 -0.046 105.998 -0.057
201903 0.066 107.251 0.081
201906 0.136 108.070 0.166
201909 -0.102 108.329 -0.124
201912 -0.030 108.420 -0.036
202003 0.102 108.902 0.123
202006 0.242 108.767 0.293
202009 -0.096 109.815 -0.115
202012 0.016 109.897 0.019
202103 -0.027 111.754 -0.032
202106 0.040 114.631 0.046
202109 0.327 115.734 0.372
202112 0.363 117.630 0.407
202203 -0.173 121.301 -0.188
202206 0.103 125.017 0.109
202209 -0.026 125.227 -0.027
202212 -0.056 125.222 -0.059
202303 -0.061 127.348 -0.063
202306 -0.218 128.729 -0.223
202309 0.074 129.860 0.075
202312 0.058 129.419 0.059
202403 -0.033 131.776 -0.033

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


Bank of the Philippine Islands  (OTCPK:BPHLF) 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.

Bank of the Philippine Islands's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.003/0.09
=22.26

* 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 Bank of the Philippine Islands was 25.47. The lowest was 5.60. And the median was 8.29.


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.


Bank of the Philippine Islands Cyclically Adjusted FCF per Share Related Terms

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


Bank of the Philippine Islands (Bank of the Philippine Islands) Business Description

Traded in Other Exchanges
Address
Ayala Avenue Corner Salcedo Street, Ayala North Exchange Tower 1, Legaspi Village, Metro Manila, Makati City, PHL, 1229
Bank of the Philippine Islands is a universal bank offering a range of financial products and solutions for both retail and corporate customers. BPI's services include consumer banking and lending, asset management, insurance, securities brokerage and distribution, foreign exchange, leasing, and corporate and investment banking. The bank has a wide network and operates almost entirely in the Philippines with some exposure to Hong Kong and Europe. The bank's primary shareholder for decades has been the Ayala Corporation, a large Filipino conglomerate that holds about half of the bank's outstanding shares. It has also long been associated with the Catholic Church and its charities and endowments. Large corporate customers constitute the majority of the bank's loan portfolio.

Bank of the Philippine Islands (Bank of the Philippine Islands) Headlines