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Alpha Services and Holdings (ATH:ALPHA) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is Alpha Services and Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Alpha Services and Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Alpha Services and Holdings'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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Alpha Services and Holdings Cyclically Adjusted Price-to-FCF Chart

Alpha Services and Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Alpha Services and Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Alpha Services and Holdings's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Alpha Services and Holdings'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.


Alpha Services and Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Alpha Services and Holdings's Cyclically Adjusted Price-to-FCF falls into.



Alpha Services and Holdings 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.

Alpha Services and Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Alpha Services and Holdings'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)
=-0.668/116.4647*116.4647
=-0.668

Current CPI (Dec. 2023) = 116.4647.

Alpha Services and Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -6.417 102.748 -7.274
201406 -2.108 103.060 -2.382
201409 3.409 102.624 3.869
201412 -1.257 100.254 -1.460
201503 0.326 100.549 0.378
201506 0.566 100.838 0.654
201509 -0.939 100.856 -1.084
201512 -0.911 100.087 -1.060
201603 -0.268 99.041 -0.315
201606 -0.328 100.121 -0.382
201609 -0.321 99.878 -0.374
201612 -0.991 100.110 -1.153
201703 -0.129 100.770 -0.149
201706 -0.412 101.138 -0.474
201709 -0.700 100.882 -0.808
201712 -0.511 100.762 -0.591
201803 -0.535 100.534 -0.620
201806 0.080 102.121 0.091
201809 0.912 101.982 1.042
201812 0.633 101.330 0.728
201903 0.403 101.482 0.462
201906 0.379 101.837 0.433
201909 -0.678 101.906 -0.775
201912 1.031 102.120 1.176
202003 0.461 101.479 0.529
202006 1.954 100.239 2.270
202009 -0.209 99.886 -0.244
202012 1.426 99.751 1.665
202103 0.875 99.817 1.021
202106 0.782 101.270 0.899
202109 0.566 102.095 0.646
202112 -0.069 104.853 -0.077
202203 -0.212 108.651 -0.227
202206 0.568 113.517 0.583
202209 0.619 114.371 0.630
202212 0.103 112.428 0.107
202303 -1.562 113.620 -1.601
202306 -0.587 115.515 -0.592
202309 0.538 116.234 0.539
202312 -0.668 116.465 -0.668

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.


Alpha Services and Holdings  (ATH:ALPHA) 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.


Alpha Services and Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Alpha Services and Holdings (ATH:ALPHA) Business Description

Traded in Other Exchanges
Address
40 Stadiou Street, Athens, GRC, 102 52
Alpha Services and Holdings SA formerly Alpha Bank AE is the parent company of the Alpha Bank Group, which offers a diverse range of financial and non-financial services, including corporate and retail banking, investment banking, brokerage services, insurance services, real estate management, and hotel services. Alpha Brank primarily operates in Greece but generates some substantive revenue from Southeastern Europe. The vast majority of the group's income is generated by its retail banking and investment banking segments, mostly through net interest income. The bank's retail banking portfolio primarily includes home mortgages, as well as consumer loans, and loans to small businesses.

Alpha Services and Holdings (ATH:ALPHA) Headlines

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