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LCNB (LCNB) Cyclically Adjusted Price-to-FCF : 9.71 (As of Apr. 27, 2024)


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What is LCNB Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), LCNB's current share price is $15.24. LCNB's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.57. LCNB's Cyclically Adjusted Price-to-FCF for today is 9.71.

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

LCNB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.61   Med: 12.19   Max: 18.63
Current: 9.73

During the past years, LCNB's highest Cyclically Adjusted Price-to-FCF was 18.63. The lowest was 7.61. And the median was 12.19.

LCNB's Cyclically Adjusted Price-to-FCF is ranked worse than
66.11% of 832 companies
in the Banks industry
Industry Median: 7.405 vs LCNB: 9.73

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.

LCNB's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.611. 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 $1.57 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


LCNB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for LCNB'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.

LCNB Cyclically Adjusted Price-to-FCF Chart

LCNB 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 13.35 11.03 13.88 11.89 10.07

LCNB 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 11.89 10.46 9.49 9.14 10.07

Competitive Comparison of LCNB's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, LCNB'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.


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

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

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



LCNB 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.24/1.57
=9.71

* 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.

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

For example, LCNB'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)
=0.611/129.4194*129.4194
=0.611

Current CPI (Dec. 2023) = 129.4194.

LCNB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.084 99.695 0.109
201406 0.307 100.560 0.395
201409 0.477 100.428 0.615
201412 0.715 99.070 0.934
201503 0.050 99.621 0.065
201506 0.440 100.684 0.566
201509 0.346 100.392 0.446
201512 0.448 99.792 0.581
201603 0.166 100.470 0.214
201606 0.171 101.688 0.218
201609 0.234 101.861 0.297
201612 0.034 101.863 0.043
201703 -0.130 102.862 -0.164
201706 0.357 103.349 0.447
201709 0.419 104.136 0.521
201712 0.504 104.011 0.627
201803 0.133 105.290 0.163
201806 0.426 106.317 0.519
201809 0.363 106.507 0.441
201812 0.620 105.998 0.757
201903 0.150 107.251 0.181
201906 0.382 108.070 0.457
201909 0.396 108.329 0.473
201912 0.456 108.420 0.544
202003 0.051 108.902 0.061
202006 0.206 108.767 0.245
202009 0.295 109.815 0.348
202012 0.292 109.897 0.344
202103 0.292 111.754 0.338
202106 0.227 114.631 0.256
202109 0.559 115.734 0.625
202112 0.186 117.630 0.205
202203 0.384 121.301 0.410
202206 0.574 125.017 0.594
202209 0.597 125.227 0.617
202212 0.586 125.222 0.606
202303 0.170 127.348 0.173
202306 0.361 128.729 0.363
202309 0.419 129.860 0.418
202312 0.611 129.419 0.611

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.


LCNB  (NAS:LCNB) 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.


LCNB Cyclically Adjusted Price-to-FCF Related Terms

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


LCNB (LCNB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » LCNB Corp (NAS:LCNB) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
2 North Broadway, P.O. Box 59, Lebanon, OH, USA, 45036
LCNB Corp operates within the financial sector in the United States. As the holding company of the National Bank, it conducts the business of providing commercial and personal banking services. Its suite of banking products includes commercial and industrial loans, consumer loans, safe deposit boxes, night depositories, cashier's checks, utility bill collections, and notary public service. Besides, it provides the avenue of United States Treasury notes, the United States agency notes, certificates of deposit and equity securities.
Executives
Takeitha W Lawson director 7313 ENGLISH GARDEN LANE, ANDERSON TOWNSHIP OH 45230
Anne E Krehbiel director 7709 CHUMANI LANE, CINCINNATI OH 45243
Craig Millis Johnson director 3436 WHITFIELD AVE, CINCINNATI OH 45220
Michael Robert Miller officer: Exec. Vice President 8368 SQUIRRELL RIDGE DR, CINCINNATI OH 45243
Eric J Meilstrup officer: EVP/Cashier 225 DICKENS COURT, LEBANON OH 45036
Mulligan Lawrence P Jr. officer: Executive Vice President 218 S MAIN ST, MIDDLETOWN OH 45044
Steve P Foster director, officer: Chief Executive Officer 1017 COUNTRY CREEK DR, LEBONON OH 45036
Mary E Bradford director 4962 THUNDER RD, CLEVES OH 45002
William H Kaufman director 1017 COUNTRY CREEK DR, LEBONON OH 45036
William G Huddle director 9394 DIN EIDYN DR, DUBLIN OH 43017
Stephen P Wilson director, officer: President & CEO
John F Smiley officer: Exec Vice President 7119 COVENTRY WOODS DRIVE, DUBLIN OH 43017
Michael J Johrendt director 434 TARPON BLVD, FRIPP ISLAND SC 29920
Bradley Austin Ruppert officer: Executive Vice President 180 LAKEVIEW DR, FRANKLIN OH 45005
Leroy F Mckay officer: Executive Vice President 257 MECHANIC STREET, LEBANON OH 45036