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Stanbic IBTC Holdings (NSA:STANBIC) Cyclically Adjusted FCF per Share : ₦11.14 (As of Mar. 2024)


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What is Stanbic IBTC Holdings 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.

Stanbic IBTC Holdings's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₦60.039. 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 ₦11.14 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Stanbic IBTC Holdings's average Cyclically Adjusted FCF Growth Rate was 104.40% 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.

As of today (2024-06-10), Stanbic IBTC Holdings's current stock price is ₦52.20. Stanbic IBTC Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₦11.14. Stanbic IBTC Holdings's Cyclically Adjusted Price-to-FCF of today is 4.69.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Stanbic IBTC Holdings was 23.37. The lowest was 3.16. And the median was 6.25.


Stanbic IBTC Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Stanbic IBTC Holdings'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.

Stanbic IBTC Holdings Cyclically Adjusted FCF per Share Chart

Stanbic IBTC Holdings 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 - - 6.48 4.37 2.91

Stanbic IBTC Holdings 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 5.45 5.87 8.44 2.91 11.14

Competitive Comparison of Stanbic IBTC Holdings's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Stanbic IBTC Holdings'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.


Stanbic IBTC Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Stanbic IBTC Holdings 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, Stanbic IBTC Holdings'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)
=60.039/131.7762*131.7762
=60.039

Current CPI (Mar. 2024) = 131.7762.

Stanbic IBTC Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 0.000 99.621 0.000
201506 0.000 100.684 0.000
201509 0.000 100.392 0.000
201512 0.000 99.792 0.000
201603 0.000 100.470 0.000
201606 0.000 101.688 0.000
201609 0.000 101.861 0.000
201612 0.000 101.863 0.000
201703 2.368 102.862 3.034
201706 2.268 103.349 2.892
201709 8.160 104.136 10.326
201712 -1.954 104.011 -2.476
201803 -0.356 105.290 -0.446
201806 -4.358 106.317 -5.402
201809 3.917 106.507 4.846
201812 9.508 105.998 11.820
201903 -12.178 107.251 -14.963
201906 -8.210 108.070 -10.011
201909 -11.523 108.329 -14.017
201912 8.034 108.420 9.765
202003 3.139 108.902 3.798
202006 10.630 108.767 12.879
202009 3.732 109.815 4.478
202012 11.763 109.897 14.105
202103 0.850 111.754 1.002
202106 2.819 114.631 3.241
202109 -1.362 115.734 -1.551
202112 2.635 117.630 2.952
202203 8.968 121.301 9.742
202206 4.993 125.017 5.263
202209 -18.049 125.227 -18.993
202212 -4.453 125.222 -4.686
202303 7.394 127.348 7.651
202306 3.692 128.729 3.779
202309 18.509 129.860 18.782
202312 -36.440 129.419 -37.104
202403 60.039 131.776 60.039

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


Stanbic IBTC Holdings  (NSA:STANBIC) 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.

Stanbic IBTC Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=52.20/11.14
=4.69

* 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 Stanbic IBTC Holdings was 23.37. The lowest was 3.16. And the median was 6.25.


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.


Stanbic IBTC Holdings Cyclically Adjusted FCF per Share Related Terms

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


Stanbic IBTC Holdings (NSA:STANBIC) Business Description

Traded in Other Exchanges
N/A
Address
Walter Carrington Crescent, IBTC Place, P.O. Box 71707, Victoria Island, Lagos, NGA
Stanbic IBTC Holdings PLC provides banking services. The company's operating segment includes Business and Commercial Clients; Wholesale Clients and Consumer and High Net Worth Clients. It generates maximum revenue from the Consumer and High Net Worth Clients segment. The Consumer and High Net Worth (CHNW) client segment is responsible for the end-to-end lifecycle of clients.

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