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BCO Mercantil de Investimentos (BSP:BMIN4) Cyclically Adjusted FCF per Share : R$-1.21 (As of Mar. 2024)


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What is BCO Mercantil de Investimentos 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.

BCO Mercantil de Investimentos's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$0.942. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$-1.21 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 36.80% 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 BCO Mercantil de Investimentos was 36.80% per year. The lowest was 25.80% per year. And the median was 31.30% per year.

As of today (2024-05-26), BCO Mercantil de Investimentos's current stock price is R$16.20. BCO Mercantil de Investimentos's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$-1.21. BCO Mercantil de Investimentos's Cyclically Adjusted Price-to-FCF of today is .


BCO Mercantil de Investimentos Cyclically Adjusted FCF per Share Historical Data

The historical data trend for BCO Mercantil de Investimentos'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.

BCO Mercantil de Investimentos Cyclically Adjusted FCF per Share Chart

BCO Mercantil de Investimentos 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 -6.81 -5.35 -0.49 -1.58 -1.12

BCO Mercantil de Investimentos 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 -1.60 -1.55 -1.33 -1.12 -1.21

Competitive Comparison of BCO Mercantil de Investimentos's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, BCO Mercantil de Investimentos'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.


BCO Mercantil de Investimentos's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, BCO Mercantil de Investimentos's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where BCO Mercantil de Investimentos's Cyclically Adjusted Price-to-FCF falls into.



BCO Mercantil de Investimentos 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, BCO Mercantil de Investimentos'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)
=0.942/159.3724*159.3724
=0.942

Current CPI (Mar. 2024) = 159.3724.

BCO Mercantil de Investimentos Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.613 91.838 -1.064
201409 -3.764 92.602 -6.478
201412 1.782 94.194 3.015
201503 4.704 97.799 7.666
201506 3.028 100.006 4.825
201509 2.842 101.392 4.467
201512 3.613 104.247 5.524
201603 -0.181 106.979 -0.270
201606 0.399 108.851 0.584
201609 -0.006 109.986 -0.009
201612 0.048 110.802 0.069
201703 -0.149 111.869 -0.212
201706 -14.231 112.115 -20.230
201709 -12.679 112.777 -17.917
201712 -7.612 114.068 -10.635
201803 0.297 114.868 0.412
201806 -1.708 117.038 -2.326
201809 -4.021 117.881 -5.436
201812 5.109 118.340 6.880
201903 0.476 120.124 0.632
201906 5.005 120.977 6.593
201909 6.453 121.292 8.479
201912 -3.234 123.436 -4.176
202003 2.083 124.092 2.675
202006 6.196 123.557 7.992
202009 -5.401 125.095 -6.881
202012 -3.439 129.012 -4.248
202103 -3.603 131.660 -4.361
202106 5.616 133.871 6.686
202109 -1.330 137.913 -1.537
202112 7.408 141.992 8.315
202203 4.755 146.537 5.171
202206 -5.139 149.784 -5.468
202209 -4.891 147.800 -5.274
202212 -4.288 150.207 -4.550
202303 -1.035 153.352 -1.076
202306 4.926 154.519 5.081
202309 0.263 155.464 0.270
202312 0.767 157.148 0.778
202403 0.942 159.372 0.942

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


BCO Mercantil de Investimentos  (BSP:BMIN4) 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.


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.


BCO Mercantil de Investimentos Cyclically Adjusted FCF per Share Related Terms

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


BCO Mercantil de Investimentos (BSP:BMIN4) Business Description

Traded in Other Exchanges
Address
Rua Rio de Janeiro 654, 6 Andar, Belo Horizonte, MG, BRA, 30160912
BCO Mercantil de Investimentos SA provides capital financing for productive activities in short, medium and long term projects. It operates as a subsidiary of Banco Mercantil do Brasil S.A.

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