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Heartland Financial USA (Heartland Financial USA) Cyclically Adjusted Price-to-FCF : 5.36 (As of Apr. 28, 2024)


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What is Heartland Financial USA Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Heartland Financial USA's current share price is $35.72. Heartland Financial USA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $6.66. Heartland Financial USA's Cyclically Adjusted Price-to-FCF for today is 5.36.

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

HTLF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.86   Med: 9.55   Max: 13.52
Current: 5.37

During the past years, Heartland Financial USA's highest Cyclically Adjusted Price-to-FCF was 13.52. The lowest was 3.86. And the median was 9.55.

HTLF's Cyclically Adjusted Price-to-FCF is ranked better than
67.07% of 832 companies
in the Banks industry
Industry Median: 7.405 vs HTLF: 5.37

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.

Heartland Financial USA's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-2.756. 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 $6.66 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heartland Financial USA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Heartland Financial USA'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.

Heartland Financial USA Cyclically Adjusted Price-to-FCF Chart

Heartland Financial USA 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 9.82 8.09 8.88 6.93 5.65

Heartland Financial USA 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 6.93 5.53 3.96 4.07 5.65

Competitive Comparison of Heartland Financial USA's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Heartland Financial USA'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.


Heartland Financial USA's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Heartland Financial USA 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.

Heartland Financial USA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=35.72/6.66
=5.36

* 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.

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

For example, Heartland Financial USA'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)
=-2.756/129.4194*129.4194
=-2.756

Current CPI (Dec. 2023) = 129.4194.

Heartland Financial USA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.467 99.695 0.606
201406 -0.290 100.560 -0.373
201409 1.070 100.428 1.379
201412 2.690 99.070 3.514
201503 -1.028 99.621 -1.335
201506 1.248 100.684 1.604
201509 2.091 100.392 2.696
201512 2.115 99.792 2.743
201603 0.975 100.470 1.256
201606 0.827 101.688 1.053
201609 1.774 101.861 2.254
201612 1.936 101.863 2.460
201703 1.133 102.862 1.426
201706 1.337 103.349 1.674
201709 1.897 104.136 2.358
201712 0.822 104.011 1.023
201803 1.850 105.290 2.274
201806 0.829 106.317 1.009
201809 2.060 106.507 2.503
201812 2.152 105.998 2.628
201903 0.949 107.251 1.145
201906 0.710 108.070 0.850
201909 0.818 108.329 0.977
201912 1.481 108.420 1.768
202003 0.361 108.902 0.429
202006 0.272 108.767 0.324
202009 1.257 109.815 1.481
202012 2.644 109.897 3.114
202103 1.483 111.754 1.717
202106 1.871 114.631 2.112
202109 1.771 115.734 1.980
202112 2.157 117.630 2.373
202203 1.910 121.301 2.038
202206 2.327 125.017 2.409
202209 2.827 125.227 2.922
202212 1.693 125.222 1.750
202303 1.736 127.348 1.764
202306 2.514 128.729 2.527
202309 4.898 129.860 4.881
202312 -2.756 129.419 -2.756

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.


Heartland Financial USA  (NAS:HTLF) 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.


Heartland Financial USA Cyclically Adjusted Price-to-FCF Related Terms

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


Heartland Financial USA (Heartland Financial USA) Business Description

Traded in Other Exchanges
Address
1800 Larimer Street, Suite 1800, Denver, CO, USA, 80202
Heartland Financial USA Inc is a multi-bank holding company that offers a wide range of commercial, small business, and consumer banking services to businesses, including public sector and non-profit entities, and individuals. It also provides traditional and non-traditional service channels including online banking, mobile/remote banking, and telephone banking. The company's business lines are Commercial Banking, Agricultural Loans, Small Business Banking, Residential Real Estate Mortgage Lending, Consumer Banking, and Wealth Management and Retirement Plan Services.
Executives
Kevin C Karrels officer: EVP, Head of Consumer, Retail 1800 LARIMER ST., SUITE 1800, DENVER CO 80202
Robert S Kahn officer: EVP, Chief Strategy Officer 1800 LARIMER ST., SUITE 1800, DENVER CO 80202
Bruce K Lee director, officer: PRESIDENT 1800 LARIMER ST., SUITE 1800, DENVER CO 80202
Deborah K Deters officer: EVP, Chief HR Officer 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Margaret Lazo director 1800 LARIMER ST., SUITE 1800, DENVER CO 80202
Opal Perry director HERTZ GLOBAL HOLDINGS, INC., ESTERO FL 33928
Robert B Engel director C/O ALLIED MOTION TECHNOLOGIES INC., 495 COMMERCE DRIVE, AMHERST NY 14228
Martin J Schmitz director 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Kevin G Quinn officer: EVP Chief Banking Officer 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Mark E Frank officer: SVP, Regional Operations 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Kathryn G Unger director 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Christopher Hylen director 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Lynn B Fuller director, officer: President & CEO 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Jay Kim officer: EVP & General Counsel 1800 LARIMER ST., SUITE 1800, DENVER CO 80202
Nathan R Jones officer: EVP, Chief Credit Officer 1800 LARIMER ST., SUITE 1800, DENVER CO 80202

Heartland Financial USA (Heartland Financial USA) Headlines