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Bank of the Philippine Islands (PHS:BPI) Cyclically Adjusted Price-to-FCF : 23.16 (As of May. 25, 2024)


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What is Bank of the Philippine Islands Cyclically Adjusted Price-to-FCF?

As of today (2024-05-25), Bank of the Philippine Islands's current share price is ₱123.00. Bank of the Philippine Islands's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱5.31. Bank of the Philippine Islands's Cyclically Adjusted Price-to-FCF for today is 23.16.

The historical rank and industry rank for Bank of the Philippine Islands's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

PHS:BPI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.6   Med: 8.32   Max: 25.47
Current: 23.34

During the past years, Bank of the Philippine Islands's highest Cyclically Adjusted Price-to-FCF was 25.47. The lowest was 5.60. And the median was 8.32.

PHS:BPI's Cyclically Adjusted Price-to-FCF is ranked worse than
92.7% of 836 companies
in the Banks industry
Industry Median: 7.43 vs PHS:BPI: 23.34

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 of the Philippine Islands's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₱-1.944. 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 ₱5.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of the Philippine Islands Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bank of the Philippine Islands'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.

Bank of the Philippine Islands Cyclically Adjusted Price-to-FCF Chart

Bank of the Philippine Islands 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 8.95 13.67 7.42 10.14 21.67

Bank of the Philippine Islands 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 9.69 13.58 21.02 21.67 22.23

Competitive Comparison of Bank of the Philippine Islands's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Bank of the Philippine Islands'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 of the Philippine Islands's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Bank of the Philippine Islands's Cyclically Adjusted Price-to-FCF falls into.



Bank of the Philippine Islands 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.

Bank of the Philippine Islands's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=123.00/5.31
=23.16

* 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.

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

For example, Bank of the Philippine Islands'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)
=-1.944/131.7762*131.7762
=-1.944

Current CPI (Mar. 2024) = 131.7762.

Bank of the Philippine Islands Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 6.053 100.560 7.932
201409 -5.804 100.428 -7.616
201412 10.023 99.070 13.332
201503 14.541 99.621 19.234
201506 2.776 100.684 3.633
201509 -10.844 100.392 -14.234
201512 6.129 99.792 8.093
201603 6.401 100.470 8.396
201606 -1.268 101.688 -1.643
201609 -6.215 101.861 -8.040
201612 1.172 101.863 1.516
201703 5.169 102.862 6.622
201706 -5.895 103.349 -7.516
201709 3.382 104.136 4.280
201712 -2.004 104.011 -2.539
201803 0.111 105.290 0.139
201806 -11.818 106.317 -14.648
201809 -7.950 106.507 -9.836
201812 -2.668 105.998 -3.317
201903 3.813 107.251 4.685
201906 7.929 108.070 9.668
201909 -5.946 108.329 -7.233
201912 -1.733 108.420 -2.106
202003 5.920 108.902 7.163
202006 14.055 108.767 17.028
202009 -5.562 109.815 -6.674
202012 0.959 109.897 1.150
202103 -1.586 111.754 -1.870
202106 2.319 114.631 2.666
202109 19.030 115.734 21.668
202112 21.086 117.630 23.622
202203 -10.049 121.301 -10.917
202206 5.995 125.017 6.319
202209 -1.511 125.227 -1.590
202212 -3.284 125.222 -3.456
202303 -3.564 127.348 -3.688
202306 -12.642 128.729 -12.941
202309 4.277 129.860 4.340
202312 3.392 129.419 3.454
202403 -1.944 131.776 -1.944

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.


Bank of the Philippine Islands  (PHS:BPI) 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.


Bank of the Philippine Islands Cyclically Adjusted Price-to-FCF Related Terms

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


Bank of the Philippine Islands (PHS:BPI) Business Description

Traded in Other Exchanges
Address
Ayala Avenue Corner Salcedo Street, Ayala North Exchange Tower 1, Legaspi Village, Metro Manila, Makati City, PHL, 1229
Bank of the Philippine Islands is a universal bank offering a range of financial products and solutions for both retail and corporate customers. BPI's services include consumer banking and lending, asset management, insurance, securities brokerage and distribution, foreign exchange, leasing, and corporate and investment banking. The bank has a wide network and operates almost entirely in the Philippines with some exposure to Hong Kong and Europe. The bank's primary shareholder for decades has been the Ayala Corporation, a large Filipino conglomerate that holds about half of the bank's outstanding shares. It has also long been associated with the Catholic Church and its charities and endowments. Large corporate customers constitute the majority of the bank's loan portfolio.

Bank of the Philippine Islands (PHS:BPI) Headlines

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