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Bank Bradesco (STU:BRE) Cyclically Adjusted Price-to-FCF : (As of May. 30, 2024)


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What is Bank Bradesco Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank Bradesco Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bank Bradesco'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.

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Bank Bradesco Cyclically Adjusted Price-to-FCF Chart

Bank Bradesco Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Bank Bradesco Quarterly Data
Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Bank Bradesco's Cyclically Adjusted Price-to-FCF

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

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

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



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

For example, Bank Bradesco'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)
=0.277/159.3724*159.3724
=0.277

Current CPI (Mar. 2024) = 159.3724.

Bank Bradesco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200503 -0.038 56.654 -0.107
200506 -0.016 57.416 -0.044
200509 -0.082 57.859 -0.226
200512 0.323 58.824 0.875
200603 0.001 59.670 0.003
200606 -0.262 59.729 -0.699
200609 -0.304 59.998 -0.808
200612 0.009 60.672 0.024
200703 -0.182 61.434 -0.472
200706 -0.048 61.933 -0.124
200709 -0.742 62.486 -1.893
200712 1.633 63.377 4.106
200803 -0.215 64.339 -0.533
200806 -1.601 65.686 -3.884
200812 0.000 67.118 0.000
200912 0.000 70.012 0.000
201012 0.000 74.149 0.000
201112 0.000 78.971 0.000
201212 0.000 83.581 0.000
201312 0.000 88.522 0.000
201412 0.000 94.194 0.000
201512 0.000 104.247 0.000
201612 0.000 110.802 0.000
201712 0.000 114.068 0.000
201812 0.000 118.340 0.000
201912 0.000 123.436 0.000
202012 0.000 129.012 0.000
202103 -0.132 131.660 -0.160
202106 -0.380 133.871 -0.452
202109 0.054 137.913 0.062
202112 -1.089 141.992 -1.222
202203 0.455 146.537 0.495
202206 -0.009 149.784 -0.010
202209 0.713 147.800 0.769
202212 -0.457 150.207 -0.485
202303 0.311 153.352 0.323
202306 -0.354 154.519 -0.365
202309 1.306 155.464 1.339
202312 -1.496 157.148 -1.517
202403 0.277 159.372 0.277

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 Bradesco  (STU:BRE) 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 Bradesco Cyclically Adjusted Price-to-FCF Related Terms

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


Bank Bradesco (STU:BRE) Business Description

Industry
Address
Cidade de Deus S/N, Vila Yara, Osasco, SP, BRA, 06029?900
Banco Bradesco is Brazil's second-largest private bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation—a private nonprofit institution focused on education. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. The bank is also a major asset manager with high-single-digit market share. In 2016, Bradesco acquired the Brazilian operations of HSBC.

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