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Bank Handlowy w Warszawie (WAR:BHW) Cyclically Adjusted FCF per Share : zł7.70 (As of Mar. 2024)


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What is Bank Handlowy w Warszawie 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 Handlowy w Warszawie's adjusted free cash flow per share for the three months ended in Mar. 2024 was zł-1.281. 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 zł7.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bank Handlowy w Warszawie's average Cyclically Adjusted FCF Growth Rate was -20.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.00% 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 Handlowy w Warszawie was 25.90% per year. The lowest was 6.80% per year. And the median was 8.30% per year.

As of today (2024-06-07), Bank Handlowy w Warszawie's current stock price is zł103.00. Bank Handlowy w Warszawie's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was zł7.70. Bank Handlowy w Warszawie's Cyclically Adjusted Price-to-FCF of today is 13.38.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bank Handlowy w Warszawie was 25.24. The lowest was 2.64. And the median was 7.82.


Bank Handlowy w Warszawie Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bank Handlowy w Warszawie'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 Handlowy w Warszawie Cyclically Adjusted FCF per Share Chart

Bank Handlowy w Warszawie 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 5.96 6.83 10.91 7.55 8.71

Bank Handlowy w Warszawie 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 9.72 10.63 6.74 8.71 7.70

Competitive Comparison of Bank Handlowy w Warszawie's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Bank Handlowy w Warszawie'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 Handlowy w Warszawie's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Bank Handlowy w Warszawie 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 Handlowy w Warszawie'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)
=-1.281/149.0435*149.0435
=-1.281

Current CPI (Mar. 2024) = 149.0435.

Bank Handlowy w Warszawie Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -4.913 101.180 -7.237
201409 4.816 100.611 7.134
201412 5.575 100.122 8.299
201503 -5.739 100.041 -8.550
201506 36.170 100.448 53.669
201509 -24.653 99.634 -36.879
201512 7.841 99.471 11.749
201603 -9.012 98.983 -13.570
201606 -0.064 99.552 -0.096
201609 4.860 99.064 7.312
201612 -3.065 100.366 -4.552
201703 13.040 101.018 19.240
201706 -12.851 101.180 -18.930
201709 6.653 101.343 9.784
201712 -2.078 102.564 -3.020
201803 0.320 102.564 0.465
201806 4.507 103.378 6.498
201809 1.461 103.378 2.106
201812 52.188 103.785 74.946
201903 -52.493 104.274 -75.031
201906 3.337 105.983 4.693
201909 24.340 105.983 34.229
201912 1.054 107.123 1.466
202003 -22.040 109.076 -30.116
202006 11.343 109.402 15.453
202009 2.078 109.320 2.833
202012 15.025 109.565 20.439
202103 82.883 112.658 109.652
202106 -1.962 113.960 -2.566
202109 3.354 115.588 4.325
202112 -67.071 119.088 -83.942
202203 -25.941 125.031 -30.923
202206 9.642 131.705 10.911
202209 43.686 135.531 48.041
202212 -65.940 139.113 -70.647
202303 14.886 145.950 15.201
202306 11.143 147.009 11.297
202309 -16.354 146.113 -16.682
202312 1.232 147.741 1.243
202403 -1.281 149.044 -1.281

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


Bank Handlowy w Warszawie  (WAR:BHW) 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 Handlowy w Warszawie's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=103.00/7.7
=13.38

* 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 Handlowy w Warszawie was 25.24. The lowest was 2.64. And the median was 7.82.


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 Handlowy w Warszawie Cyclically Adjusted FCF per Share Related Terms

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


Bank Handlowy w Warszawie (WAR:BHW) Business Description

Traded in Other Exchanges
Address
Senatorska 16 Street, Warsaw, POL, 00-923
Bank Handlowy w Warszawie SA is the parent company of the Bank Handlowy w Warszawie S.A. Group that operates in Poland. The parent company's principal shareholder is the U.S.-based Citibank Overseas Investment Corporation, which owns the vast majority of its outstanding shares. The subsidiary group's operations include traditional retail, commercial, and investment banking, as well as leasing activities. The group's earning assets are mostly split between loans and advances from customers and debt securities available-for-sale. A majority of the bank's loan portfolio consists of loans made to institutional clients. Its loan book is well diversified with notable exposure to the wholesale trade industry and the utility sector.

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