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SouthState (FRA:FJ5) Cyclically Adjusted FCF per Share : €7.84 (As of Sep. 2024)


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What is SouthState 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.

SouthState's adjusted free cash flow per share for the three months ended in Sep. 2024 was €-2.982. 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 €7.84 for the trailing ten years ended in Sep. 2024.

During the past 12 months, SouthState's average Cyclically Adjusted FCF Growth Rate was -8.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% 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 SouthState was 45.00% per year. The lowest was 2.00% per year. And the median was 8.35% per year.

As of today (2024-11-10), SouthState's current stock price is €99.00. SouthState's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was €7.84. SouthState's Cyclically Adjusted Price-to-FCF of today is 12.63.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SouthState was 14.36. The lowest was 5.37. And the median was 9.97.


SouthState Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SouthState'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.

SouthState Cyclically Adjusted FCF per Share Chart

SouthState 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 - 6.44 7.02 8.88 8.13

SouthState Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 9.06 8.13 8.48 8.50 7.84

Competitive Comparison of SouthState's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, SouthState'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.


SouthState's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



SouthState 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, SouthState's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-2.982/133.0289*133.0289
=-2.982

Current CPI (Sep. 2024) = 133.0289.

SouthState Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.708 99.070 0.951
201503 0.532 99.621 0.710
201506 1.843 100.684 2.435
201509 2.719 100.392 3.603
201512 1.269 99.792 1.692
201603 1.525 100.470 2.019
201606 0.712 101.688 0.931
201609 1.238 101.861 1.617
201612 0.706 101.863 0.922
201703 1.188 102.862 1.536
201706 0.971 103.349 1.250
201709 1.991 104.136 2.543
201712 1.166 104.011 1.491
201803 2.245 105.290 2.836
201806 1.177 106.317 1.473
201809 1.425 106.507 1.780
201812 1.326 105.998 1.664
201903 0.847 107.251 1.051
201906 1.456 108.070 1.792
201909 0.636 108.329 0.781
201912 1.299 108.420 1.594
202003 1.041 108.902 1.272
202006 0.449 108.767 0.549
202009 3.372 109.815 4.085
202012 2.038 109.897 2.467
202103 3.448 111.754 4.104
202106 -0.729 114.631 -0.846
202109 2.069 115.734 2.378
202112 -0.193 117.630 -0.218
202203 7.225 121.301 7.924
202206 4.769 125.017 5.075
202209 8.026 125.227 8.526
202212 1.861 125.222 1.977
202303 0.633 127.348 0.661
202306 3.682 128.729 3.805
202309 5.361 129.860 5.492
202312 -3.435 129.419 -3.531
202403 3.266 131.776 3.297
202406 1.423 132.554 1.428
202409 -2.982 133.029 -2.982

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


SouthState  (FRA:FJ5) 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.

SouthState's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=99.00/7.84
=12.63

* 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 SouthState was 14.36. The lowest was 5.37. And the median was 9.97.


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.


SouthState Cyclically Adjusted FCF per Share Related Terms

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


SouthState Business Description

Industry
Traded in Other Exchanges
Address
1101 First Street South, Suite 202, Winter Haven, FL, USA, 33880
SouthState Corp is a United States-based bank holding company. It provides a wide range of banking services and products to its customers through a wholly-owned bank subsidiary, South State Bank. The Bank provides retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans through financial centers in Alabama, Florida, Georgia, North Carolina, South Carolina, and Virginia. These services include demand, time and savings deposits, lending and credit cards servicing, ATM processing, and wealth management and trust services.

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