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SouthState (FRA:FJ5) Cyclically Adjusted Price-to-FCF : 8.49 (As of May. 23, 2024)


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What is SouthState Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), SouthState's current share price is €72.00. SouthState's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €8.48. SouthState's Cyclically Adjusted Price-to-FCF for today is 8.49.

The historical rank and industry rank for SouthState's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:FJ5' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.37   Med: 10.52   Max: 14.36
Current: 8.42

During the past years, SouthState's highest Cyclically Adjusted Price-to-FCF was 14.36. The lowest was 5.37. And the median was 10.52.

FRA:FJ5's Cyclically Adjusted Price-to-FCF is ranked worse than
57.78% of 836 companies
in the Banks industry
Industry Median: 7.485 vs FRA:FJ5: 8.42

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 adjusted free cash flow per share data for the three months ended in Mar. 2024 was €3.266. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €8.48 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SouthState Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SouthState's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

SouthState Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.01 8.96 10.04 8.10 9.46

SouthState Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 7.50 6.94 6.96 9.46 9.15

Competitive Comparison of SouthState's Cyclically Adjusted Price-to-FCF

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 Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=72.00/8.48
=8.49

* 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.

SouthState's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, SouthState'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)
=3.266/131.7762*131.7762
=3.266

Current CPI (Mar. 2024) = 131.7762.

SouthState Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.836 100.560 1.096
201409 0.889 100.428 1.167
201412 0.708 99.070 0.942
201503 0.532 99.621 0.704
201506 1.843 100.684 2.412
201509 2.719 100.392 3.569
201512 1.269 99.792 1.676
201603 1.525 100.470 2.000
201606 0.712 101.688 0.923
201609 1.238 101.861 1.602
201612 0.706 101.863 0.913
201703 1.188 102.862 1.522
201706 0.971 103.349 1.238
201709 1.991 104.136 2.519
201712 1.166 104.011 1.477
201803 2.245 105.290 2.810
201806 1.177 106.317 1.459
201809 1.425 106.507 1.763
201812 1.326 105.998 1.648
201903 0.847 107.251 1.041
201906 1.456 108.070 1.775
201909 0.636 108.329 0.774
201912 1.299 108.420 1.579
202003 1.041 108.902 1.260
202006 0.449 108.767 0.544
202009 3.372 109.815 4.046
202012 2.038 109.897 2.444
202103 3.448 111.754 4.066
202106 -0.729 114.631 -0.838
202109 2.069 115.734 2.356
202112 -0.193 117.630 -0.216
202203 7.225 121.301 7.849
202206 4.769 125.017 5.027
202209 8.026 125.227 8.446
202212 1.861 125.222 1.958
202303 0.633 127.348 0.655
202306 3.682 128.729 3.769
202309 5.361 129.860 5.440
202312 -3.435 129.419 -3.498
202403 3.266 131.776 3.266

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


SouthState  (FRA:FJ5) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


SouthState Cyclically Adjusted Price-to-FCF Related Terms

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


SouthState (FRA:FJ5) 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 card servicing, ATM processing, and wealth management and trust services.

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