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FS Bancorp (FS Bancorp) Cyclically Adjusted Price-to-FCF : 6.68 (As of Apr. 27, 2024)


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What is FS Bancorp Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), FS Bancorp's current share price is $31.47. FS Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.71. FS Bancorp's Cyclically Adjusted Price-to-FCF for today is 6.68.

The historical rank and industry rank for FS Bancorp's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FSBW' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.32   Med: 12.57   Max: 255.86
Current: 6.67

During the past years, FS Bancorp's highest Cyclically Adjusted Price-to-FCF was 255.86. The lowest was 6.32. And the median was 12.57.

FSBW's Cyclically Adjusted Price-to-FCF is ranked better than
57.21% of 832 companies
in the Banks industry
Industry Median: 7.405 vs FSBW: 6.67

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.

FS Bancorp's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.586. 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 $4.71 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


FS Bancorp Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for FS Bancorp'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.

FS Bancorp Cyclically Adjusted Price-to-FCF Chart

FS Bancorp 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 90.62 - 28.19 9.06 7.84

FS Bancorp 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 9.06 7.16 6.96 6.50 7.84

Competitive Comparison of FS Bancorp's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, FS Bancorp'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.


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

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

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



FS Bancorp 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.

FS Bancorp's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=31.47/4.71
=6.68

* 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.

FS Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, FS Bancorp'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)
=1.586/129.4194*129.4194
=1.586

Current CPI (Dec. 2023) = 129.4194.

FS Bancorp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.080 99.695 0.104
201406 -0.187 100.560 -0.241
201409 -0.228 100.428 -0.294
201412 -0.497 99.070 -0.649
201503 -1.251 99.621 -1.625
201506 -0.658 100.684 -0.846
201509 -1.142 100.392 -1.472
201512 1.570 99.792 2.036
201603 -3.498 100.470 -4.506
201606 0.762 101.688 0.970
201609 -1.514 101.861 -1.924
201612 4.259 101.863 5.411
201703 3.179 102.862 4.000
201706 -2.918 103.349 -3.654
201709 -0.150 104.136 -0.186
201712 1.823 104.011 2.268
201803 0.803 105.290 0.987
201806 0.624 106.317 0.760
201809 0.703 106.507 0.854
201812 0.192 105.998 0.234
201903 0.668 107.251 0.806
201906 -1.401 108.070 -1.678
201909 0.117 108.329 0.140
201912 1.365 108.420 1.629
202003 -3.412 108.902 -4.055
202006 -0.807 108.767 -0.960
202009 -7.341 109.815 -8.652
202012 8.045 109.897 9.474
202103 2.082 111.754 2.411
202106 6.286 114.631 7.097
202109 3.081 115.734 3.445
202112 1.163 117.630 1.280
202203 11.964 121.301 12.765
202206 3.899 125.017 4.036
202209 4.499 125.227 4.650
202212 2.601 125.222 2.688
202303 2.252 127.348 2.289
202306 3.037 128.729 3.053
202309 2.904 129.860 2.894
202312 1.586 129.419 1.586

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.


FS Bancorp  (NAS:FSBW) 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.


FS Bancorp Cyclically Adjusted Price-to-FCF Related Terms

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


FS Bancorp (FS Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
6920 220th Street South West, Mountlake Terrace, WA, USA, 98043
FS Bancorp Inc is the holding company of 1st Security Bank, a diversified lender with a focus on the origination of commercial real estate, one-to-four-family, and home equity loans, consumer loans, including a variety of indirect home improvement (fixture secured loans), and marine loans, and commercial business loans. It has two operating segments; The commercial and consumer banking segment provides diversified financial products and services to its commercial and consumer customers through Bank branches, automated teller machines, online banking platforms, mobile banking apps, and telephone banking, and The home lending segment originates one-to-four-family residential mortgage loans for sale in the secondary markets as well as loans held for investment.
Executives
Robert B Fuller officer: Chief Credit Officer 111 NORTH WALL STREET, SPOKANE WA 99201
Stephanie Nicklaus officer: Chief Credit Officer 6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Pamela Marie Andrews director 6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Fs Bancorp, Inc. officer: Chief Credit Officer 6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Ben Crowl officer: Chief Lending Officer 6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Shana Allen officer: EVP, Chief Information Officer 6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Joseph P. Zavaglia director C/O FS BANCORP, INC., 6920 220TH STREET SW, SUITE 300, MOUNTLAKE TERRACE WA 98043
Mark Tueffers director, other: Director of the Bank 6920 220TH STREET, SUITE 300, MOUNT LAKE TERRACE WA 98043
Margaret R. Piesik director C/O FS BANCORP, INC., 6920 220TH STREET SW, SUITE 300, MOUNTLAKE TERRACE WA 98043
Dennis V O'leary officer: Chief Lending Officer 6920 220TH STREET, SW, MOUNT LAKE TERRACE WA 98043
Donn C Costa officer: Executive VP Home Lending 6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Joseph C. Adams director, officer: Chief Executive Officer C/O FS BANCORP, INC., 6920 220TH STREET SW, SUITE 300, MOUNTLAKE TERRACE WA 98043
Lisa Cleary officer: Chief Operating Officer 6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043
Marina Cofer-wildsmith director C/O FS BANCORP, INC., 6920 220TH STREET SW, SUITE 300, MOUNTLAKE TERRACE WA 98043
Erin Burr officer: CRO, CRA Officer, EVP 6920 220TH STREET SW, MOUNTLAKE TERRACE WA 98043