GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bulgarian Stock Exchange AD (XBUL:BSE) » Definitions » Cyclically Adjusted Price-to-FCF

Bulgarian Stock Exchange AD (XBUL:BSE) Cyclically Adjusted Price-to-FCF : 2.84 (As of Jun. 05, 2024)


View and export this data going back to 2011. Start your Free Trial

What is Bulgarian Stock Exchange AD Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), Bulgarian Stock Exchange AD's current share price is лв14.70. Bulgarian Stock Exchange AD's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was лв5.18. Bulgarian Stock Exchange AD's Cyclically Adjusted Price-to-FCF for today is 2.84.

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

XBUL:BSE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.68   Med: 2.87   Max: 5
Current: 2.8

During the past years, Bulgarian Stock Exchange AD's highest Cyclically Adjusted Price-to-FCF was 5.00. The lowest was 1.68. And the median was 2.87.

XBUL:BSE's Cyclically Adjusted Price-to-FCF is ranked better than
93.7% of 238 companies
in the Capital Markets industry
Industry Median: 18.385 vs XBUL:BSE: 2.80

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.

Bulgarian Stock Exchange AD's adjusted free cash flow per share data for the three months ended in Dec. 2023 was лв-4.226. 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 лв5.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bulgarian Stock Exchange AD Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bulgarian Stock Exchange AD'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.

Bulgarian Stock Exchange AD Cyclically Adjusted Price-to-FCF Chart

Bulgarian Stock Exchange AD 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 - - 2.04 2.32 2.32

Bulgarian Stock Exchange AD Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.32 1.83 1.87 1.70 2.32

Competitive Comparison of Bulgarian Stock Exchange AD's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, Bulgarian Stock Exchange AD'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.


Bulgarian Stock Exchange AD's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bulgarian Stock Exchange AD's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Bulgarian Stock Exchange AD's Cyclically Adjusted Price-to-FCF falls into.



Bulgarian Stock Exchange AD 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.

Bulgarian Stock Exchange AD's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.70/5.18
=2.84

* 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.

Bulgarian Stock Exchange AD's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Bulgarian Stock Exchange AD's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-4.226/129.4194*129.4194
=-4.226

Current CPI (Dec. 2023) = 129.4194.

Bulgarian Stock Exchange AD Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.019 99.695 0.025
201406 -0.010 100.560 -0.013
201409 -0.005 100.428 -0.006
201412 -0.049 99.070 -0.064
201503 0.006 99.621 0.008
201506 -0.065 100.684 -0.084
201509 -0.026 100.392 -0.034
201512 0.060 99.792 0.078
201603 -0.011 100.470 -0.014
201606 -0.036 101.688 -0.046
201609 0.010 101.861 0.013
201612 -0.034 101.863 -0.043
201703 -0.010 102.862 -0.013
201706 -0.002 103.349 -0.003
201709 0.007 104.136 0.009
201712 0.012 104.011 0.015
201803 -0.827 105.290 -1.017
201806 4.603 106.317 5.603
201809 -0.768 106.507 -0.933
201812 1.844 105.998 2.251
201903 -1.409 107.251 -1.700
201906 1.203 108.070 1.441
201909 2.651 108.329 3.167
201912 3.449 108.420 4.117
202003 -3.044 108.902 -3.618
202006 0.146 108.767 0.174
202009 4.100 109.815 4.832
202012 8.979 109.897 10.574
202103 -4.251 111.754 -4.923
202106 -0.083 114.631 -0.094
202109 5.485 115.734 6.134
202112 20.448 117.630 22.497
202203 -22.538 121.301 -24.046
202206 8.981 125.017 9.297
202209 -3.183 125.227 -3.290
202212 9.263 125.222 9.574
202303 7.263 127.348 7.381
202306 5.398 128.729 5.427
202309 3.330 129.860 3.319
202312 -4.226 129.419 -4.226

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.


Bulgarian Stock Exchange AD  (XBUL:BSE) 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.


Bulgarian Stock Exchange AD Cyclically Adjusted Price-to-FCF Related Terms

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


Bulgarian Stock Exchange AD (XBUL:BSE) Business Description

Traded in Other Exchanges
N/A
Address
10 Tri ushi Street, Sofia, BGR, 1301
Bulgarian Stock Exchange AD is functioning stock exchange in Bulgaria. The principal activity of the group is to organize trade in securities and other financial instruments; organize and maintain an information system for security deals; and establish and maintain a clearing system. It has aggregated its operations into three reportable segments - Trading in Financial Instruments, Information Services, and Registration of Issues for Trading. It offers a wide range of RSS information services to serve the corporate clients, such as data-vendors, investment intermediaries, and issuers. The group performs their activities in Bulgaria only.