GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Renasant Corp (NYSE:RNST) » Definitions » Cyclically Adjusted FCF per Share

Renasant (Renasant) Cyclically Adjusted FCF per Share : $4.03 (As of Dec. 2023)


View and export this data going back to 1992. Start your Free Trial

What is Renasant 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.

Renasant's adjusted free cash flow per share for the three months ended in Dec. 2023 was $1.681. 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 $4.03 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Renasant's average Cyclically Adjusted FCF Growth Rate was -7.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -0.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -1.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 0.60% 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 Renasant was 18.90% per year. The lowest was -3.70% per year. And the median was 8.25% per year.

As of today (2024-04-27), Renasant's current stock price is $29.85. Renasant's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.03. Renasant's Cyclically Adjusted Price-to-FCF of today is 7.41.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Renasant was 11.60. The lowest was 4.72. And the median was 8.12.


Renasant Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Renasant'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.

Renasant Cyclically Adjusted FCF per Share Chart

Renasant 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 4.44 4.13 3.92 4.36 4.03

Renasant Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.20 4.13 4.00 4.03 -

Competitive Comparison of Renasant's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Renasant'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.


Renasant's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Renasant 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, Renasant'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)
=1.681/129.4194*129.4194
=1.681

Current CPI (Dec. 2023) = 129.4194.

Renasant Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.567 99.695 0.736
201406 1.128 100.560 1.452
201409 0.745 100.428 0.960
201412 0.787 99.070 1.028
201503 -2.150 99.621 -2.793
201506 0.778 100.684 1.000
201509 3.787 100.392 4.882
201512 2.904 99.792 3.766
201603 -1.068 100.470 -1.376
201606 0.743 101.688 0.946
201609 3.018 101.861 3.835
201612 0.806 101.863 1.024
201703 1.140 102.862 1.434
201706 -1.138 103.349 -1.425
201709 0.818 104.136 1.017
201712 3.101 104.011 3.859
201803 -1.324 105.290 -1.627
201806 -0.361 106.317 -0.439
201809 1.327 106.507 1.612
201812 1.247 105.998 1.523
201903 2.262 107.251 2.730
201906 -1.783 108.070 -2.135
201909 -0.385 108.329 -0.460
201912 2.139 108.420 2.553
202003 -2.203 108.902 -2.618
202006 3.125 108.767 3.718
202009 -0.245 109.815 -0.289
202012 0.297 109.897 0.350
202103 -1.051 111.754 -1.217
202106 1.696 114.631 1.915
202109 0.651 115.734 0.728
202112 0.875 117.630 0.963
202203 3.634 121.301 3.877
202206 2.493 125.017 2.581
202209 1.936 125.227 2.001
202212 1.903 125.222 1.967
202303 -0.278 127.348 -0.283
202306 -0.501 128.729 -0.504
202309 1.338 129.860 1.333
202312 1.681 129.419 1.681

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


Renasant  (NYSE:RNST) 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.

Renasant's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=29.85/4.03
=7.41

* 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 Renasant was 11.60. The lowest was 4.72. And the median was 8.12.


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.


Renasant Cyclically Adjusted FCF per Share Related Terms

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


Renasant (Renasant) Business Description

Industry
Traded in Other Exchanges
N/A
Address
209 Troy Street, Tupelo, MS, USA, 38804-4827
Renasant Corp operates as a holding company for Renasant Bank, a Mississippi banking corporation, and its subsidiary, Renasant Insurance, Inc. It has three reportable segments: community banks, insurance, and wealth management. With its community banks segment, the company provides a range of financial services to individuals and small businesses. Its insurance segment is an insurance agency providing commercial and personal insurance through third-party carriers. The wealth management segment provides a range of services including money management and retirement planning. The majority of the company's revenue is driven by lending activities in its community banks segment. Renasant Corporation operates in the southern United States.
Executives
Curtis J Perry officer: SEVP P.O. BOX 120, COLUMBUS GA 31902
John Foy director 1881 N PARC CIRCLE, TUPELO MS 38804
Rose J. Flenorl director 209 TROY STREET, TUPELO MS 38804
Holland Neal A Jr director PO BOX 1948, DECATUR AL 35602
Baxter Jimmy R. Iii officer: EVP/Chief Risk Officer 209 TROY ST, TUPELO MS 38804
James W Gray officer: Executive Vice President
John Creekmore director
Edward Robinson Mcgraw officer: CEO/Pres
Mabry James C. Iv officer: EVP and CFO 209 TROY STREET, TUPELO MS 38804
Kelly Hutcheson officer: EVP/Chief Accounting Officer 209 TROY STREET, TUPELO MS 38804
R Rick Hart director, officer: Sr Executive Vice President 916 CHANCERY LN, NASHVILLE TN 37205
Richard Heyer director
Gary D. Butler director 209 TROY STREET, TUPELO MS 38804
Bartow Jr Morgan officer: Executive Vice President 106 E CROGAN STREET, LAWRENCEVILLE GA 30046
Fred F Sharpe director C/O HERITAGE FINANCIAL GROUP, 721 N WESTOVER BOULEVARD, ALBANY GA 31707

Renasant (Renasant) Headlines

From GuruFocus

Renasant Bank Acquires Republic Business Credit

By Stock market mentor Stock market mentor 01-04-2023

Renasant Announces 2022 Fourth Quarter Webcast and Conference Call Information

By Stock market mentor Stock market mentor 01-12-2023

Renasant to Eliminate NSF and Certain Overdraft Fees

By GuruFocusNews GuruFocusNews 04-26-2022

Chapman Elected President of Renasant

By sperokesalga sperokesalga 05-04-2023

Zimmerman Joins Renasant as Brand Ambassador

By GuruFocusNews GuruFocusNews 04-28-2022

Renasant Named a Top Bank by Forbes

By GuruFocusNews GuruFocusNews 04-19-2022