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Habib Bank (KAR:HBL) Cyclically Adjusted FCF per Share : ₨158.78 (As of Mar. 2024)


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What is Habib Bank 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.

Habib Bank's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₨8.656. 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 ₨158.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Habib Bank's average Cyclically Adjusted FCF Growth Rate was 26.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.40% 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 Habib Bank was 4.40% per year. The lowest was 4.40% per year. And the median was 4.40% per year.

As of today (2024-06-08), Habib Bank's current stock price is ₨106.85. Habib Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₨158.78. Habib Bank's Cyclically Adjusted Price-to-FCF of today is 0.67.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Habib Bank was 1.19. The lowest was 0.48. And the median was 0.72.


Habib Bank Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Habib Bank'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.

Habib Bank Cyclically Adjusted FCF per Share Chart

Habib Bank 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 - 139.46 136.05 110.64 158.65

Habib Bank 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 125.14 138.29 174.26 158.65 158.78

Competitive Comparison of Habib Bank's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Habib Bank'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.


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

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

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



Habib Bank 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, Habib Bank'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)
=8.656/131.7762*131.7762
=8.656

Current CPI (Mar. 2024) = 131.7762.

Habib Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -62.575 100.560 -82.000
201409 -7.572 100.428 -9.936
201412 103.472 99.070 137.632
201503 91.958 99.621 121.640
201506 52.667 100.684 68.931
201509 -6.854 100.392 -8.997
201512 97.525 99.792 128.782
201603 32.514 100.470 42.645
201606 22.621 101.688 29.314
201609 18.057 101.861 23.360
201612 41.808 101.863 54.086
201703 -47.841 102.862 -61.289
201706 43.012 103.349 54.843
201709 -36.641 104.136 -46.367
201712 79.149 104.011 100.277
201803 -176.204 105.290 -220.530
201806 70.685 106.317 87.612
201809 3.803 106.507 4.705
201812 181.701 105.998 225.890
201903 -367.981 107.251 -452.130
201906 302.280 108.070 368.590
201909 -160.959 108.329 -195.797
201912 78.788 108.420 95.761
202003 -63.034 108.902 -76.274
202006 287.498 108.767 348.316
202009 122.876 109.815 147.449
202012 146.262 109.897 175.381
202103 -226.653 111.754 -267.260
202106 216.830 114.631 249.260
202109 -60.553 115.734 -68.946
202112 94.709 117.630 106.099
202203 30.733 121.301 33.387
202206 165.965 125.017 174.938
202209 -149.285 125.227 -157.093
202212 -32.624 125.222 -34.332
202303 184.924 127.348 191.355
202306 121.167 128.729 124.035
202309 254.586 129.860 258.344
202312 -90.867 129.419 -92.522
202403 8.656 131.776 8.656

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


Habib Bank  (KAR:HBL) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=106.85/158.78
=0.67

* 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 Habib Bank was 1.19. The lowest was 0.48. And the median was 0.72.


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.


Habib Bank Cyclically Adjusted FCF per Share Related Terms

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


Habib Bank (KAR:HBL) Business Description

Industry
Traded in Other Exchanges
N/A
Address
HBL Tower, Plot No. G-4, KDA Scheme 5, Block 7 Clifton, Karachi, PAK, 75650
Habib Bank Ltd is engaged in commercial banking related services in Pakistan and overseas. The operating business segments are Branch banking, Consumer, SME and rural banking, Islamic banking, Corporate, commercial and investment banking, International and correspondent banking, Treasury, Asset management, Microfinance and Head Office / Others. The company operates in Pakistan, the Middle East, Asia and Africa, and Europe and North America. The branch banking segment derives maximum revenue for the company.

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