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Security Bank (Security Bank) Cyclically Adjusted FCF per Share : $0.62 (As of Dec. 2023)


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What is Security Bank 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.

Security Bank's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.444. 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 $0.62 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Security Bank's average Cyclically Adjusted FCF Growth Rate was -21.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 19.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 50.00% 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 Security Bank was 115.50% per year. The lowest was 19.60% per year. And the median was 80.35% per year.

As of today (2024-04-28), Security Bank's current stock price is $1.31. Security Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.62. Security Bank's Cyclically Adjusted Price-to-FCF of today is 2.11.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Security Bank was 224.56. The lowest was 2.01. And the median was 15.39.


Security Bank Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Security Bank'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.

Security Bank Cyclically Adjusted FCF per Share Chart

Security Bank 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 0.10 0.37 0.61 0.73 0.62

Security Bank 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 0.73 0.56 0.56 0.53 0.62

Competitive Comparison of Security Bank's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Security Bank'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.


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

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

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



Security Bank 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, Security Bank'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)
=0.444/129.4194*129.4194
=0.444

Current CPI (Dec. 2023) = 129.4194.

Security Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.166 99.695 0.215
201406 0.061 100.560 0.079
201409 -0.101 100.428 -0.130
201412 0.192 99.070 0.251
201503 0.044 99.621 0.057
201506 0.081 100.684 0.104
201509 0.237 100.392 0.306
201512 -0.076 99.792 -0.099
201603 -0.274 100.470 -0.353
201606 -0.142 101.688 -0.181
201609 -0.151 101.861 -0.192
201612 0.749 101.863 0.952
201703 0.531 102.862 0.668
201706 -0.952 103.349 -1.192
201709 0.634 104.136 0.788
201712 -0.492 104.011 -0.612
201803 0.253 105.290 0.311
201806 0.084 106.317 0.102
201809 0.226 106.507 0.275
201812 0.147 105.998 0.179
201903 -0.422 107.251 -0.509
201906 -0.593 108.070 -0.710
201909 0.433 108.329 0.517
201912 0.032 108.420 0.038
202003 -0.389 108.902 -0.462
202006 0.507 108.767 0.603
202009 -1.329 109.815 -1.566
202012 3.202 109.897 3.771
202103 2.171 111.754 2.514
202106 0.145 114.631 0.164
202109 -0.126 115.734 -0.141
202112 -0.310 117.630 -0.341
202203 -0.095 121.301 -0.101
202206 0.319 125.017 0.330
202209 0.353 125.227 0.365
202212 0.182 125.222 0.188
202303 -1.616 127.348 -1.642
202306 0.379 128.729 0.381
202309 0.448 129.860 0.446
202312 0.444 129.419 0.444

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


Security Bank  (OTCPK:SYBJF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1.31/0.62
=2.11

* 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 Security Bank was 224.56. The lowest was 2.01. And the median was 15.39.


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.


Security Bank Cyclically Adjusted FCF per Share Related Terms

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


Security Bank (Security Bank) Business Description

Industry
Traded in Other Exchanges
Address
6776 Ayala Avenue, Security Bank Centre, Makati, PHL, 0719
Security Bank Corp is a company that is principally engaged in banking. It operates in four segments; Financial Markets Segment focuses on providing the money market, foreign exchange, financial derivatives, securities distribution, asset management, trust, and fiduciary services, Wholesale Banking Segment addresses the corporate, institutional, and public sector markets and commercial clients. Services include relationship management, lending and other credit facilities, trade, cash management, deposit-taking, and leasing services, Retail Banking Segment addresses individual, retail, and small businesses. It covers deposit-taking and servicing, consumer loans, credit card facilities, and bancassurance, and All Other Segments include other support services.

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