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Bank Of China (Bank Of China) Cyclically Adjusted FCF per Share : $2.51 (As of Dec. 2023)


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What is Bank Of China 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 Of China's adjusted free cash flow per share for the three months ended in Dec. 2023 was $3.736. 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 $2.51 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Bank Of China's average Cyclically Adjusted FCF Growth Rate was 15.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.00% 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 Of China was 23.50% per year. The lowest was -4.60% per year. And the median was 7.60% per year.

As of today (2024-04-28), Bank Of China's current stock price is $10.976. Bank Of China's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.51. Bank Of China's Cyclically Adjusted Price-to-FCF of today is 4.37.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bank Of China was 9.58. The lowest was 2.82. And the median was 3.84.


Bank Of China Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bank Of China'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 Of China Cyclically Adjusted FCF per Share Chart

Bank Of China 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 2.79 2.26 3.04 2.62 2.51

Bank Of China Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.62 3.16 2.99 2.36 2.51

Competitive Comparison of Bank Of China's Cyclically Adjusted FCF per Share

For the Banks - Diversified subindustry, Bank Of China'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 China's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Bank Of China 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 Of China'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)
=3.736/114.6694*114.6694
=3.736

Current CPI (Dec. 2023) = 114.6694.

Bank Of China Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 5.793 98.600 6.737
201406 0.358 98.200 0.418
201409 -0.477 98.900 -0.553
201412 -4.177 99.000 -4.838
201503 5.561 99.900 6.383
201506 3.468 99.500 3.997
201509 -1.608 100.500 -1.835
201512 1.530 100.600 1.744
201603 -1.910 102.200 -2.143
201606 2.381 101.400 2.693
201609 -0.994 102.400 -1.113
201612 2.565 102.600 2.867
201703 4.403 103.200 4.892
201706 2.955 103.100 3.287
201709 -2.691 104.100 -2.964
201712 0.029 104.500 0.032
201803 4.863 105.300 5.296
201806 -0.456 104.900 -0.498
201809 2.186 106.600 2.351
201812 0.887 106.500 0.955
201903 -3.006 107.700 -3.201
201906 1.692 107.700 1.801
201909 -5.204 109.800 -5.435
201912 0.694 111.200 0.716
202003 4.920 112.300 5.024
202006 -3.387 110.400 -3.518
202009 -1.055 111.700 -1.083
202012 0.077 111.500 0.079
202103 7.340 112.662 7.471
202106 1.235 111.769 1.267
202109 -3.215 112.215 -3.285
202112 4.829 113.108 4.896
202203 -4.264 114.335 -4.276
202206 2.000 114.558 2.002
202209 -2.321 115.339 -2.308
202212 3.211 115.116 3.199
202303 5.792 115.116 5.770
202306 1.395 114.558 1.396
202309 -1.844 115.339 -1.833
202312 3.736 114.669 3.736

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


Bank Of China  (OTCPK:BACHY) 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 Of China's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.976/2.51
=4.37

* 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 Of China was 9.58. The lowest was 2.82. And the median was 3.84.


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 Of China Cyclically Adjusted FCF per Share Related Terms

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


Bank Of China (Bank Of China) Business Description

Industry
Address
No. 1 Fuxingmen Nei Dajie, Xicheng District, Beijing, CHN, 100818
Bank of China was founded in 1912 with headquarter in Beijing. The bank has evolved as a central bank, international exchange bank, and state-owned bank specializing in foreign trade business. BOC was listed on the Hong Kong and Shanghai stock exchanges in 2006. It provides a comprehensive range of financial services to customers across greater China and overseas. Central Huijin, a Chinese state-owned investment company and BOC's largest shareholder, controls 64%.

Bank Of China (Bank Of China) Headlines

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