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BancFirst (BancFirst) Intrinsic Value: Projected FCF

: $91.33 (As of Today)
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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-23), BancFirst's Intrinsic Value: Projected FCF is $91.33. The stock price of BancFirst is $92.82. Therefore, BancFirst's Price-to-Intrinsic-Value-Projected-FCF of today is 1.0.

The historical rank and industry rank for BancFirst's Intrinsic Value: Projected FCF or its related term are showing as below:

BANF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.78   Med: 1.04   Max: 1.23
Current: 1.02

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of BancFirst was 1.23. The lowest was 0.78. And the median was 1.04.

BANF's Price-to-Projected-FCF is ranked worse than
86.55% of 1219 companies
in the Banks industry
Industry Median: 0.44 vs BANF: 1.02

BancFirst Intrinsic Value: Projected FCF Historical Data

The historical data trend for BancFirst's Intrinsic Value: Projected 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.

BancFirst Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.73 58.05 68.97 79.12 91.33

BancFirst Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Intrinsic Value: Projected 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 83.69 86.38 88.87 91.33 -

Competitive Comparison

For the Banks - Regional subindustry, BancFirst's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.


BancFirst Price-to-Projected-FCF Distribution

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

* The bar in red indicates where BancFirst's Price-to-Projected-FCF falls into.



BancFirst Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get BancFirst's Free Cash Flow(6 year avg) = $144.35.

BancFirst's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar24)*0.8)/Shares Outstanding (Diluted Average)
=(12.87061389047*144.3472+1469.312*0.8)/33.513
=90.51

* 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.


BancFirst  (NAS:BANF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

BancFirst's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=92.82/90.510747392667
=1.03

* 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.


BancFirst Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of BancFirst's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


BancFirst (BancFirst) Business Description

Industry
Traded in Other Exchanges
N/A
Address
101 North Broadway Avenue, Oklahoma City, OK, USA, 73102
BancFirst Corp is engaged in providing banking services. The company's business unit includes metropolitan banks, community banks, Pegasus Bank, Worthington, other financial services and executive, operations and support. Metropolitan banks, community banks, Pegasus and Worthington offer traditional banking products such as commercial and retail lending, and a full line of deposit accounts. Other financial services are specialty product business units including guaranteed small business lending, residential mortgage lending, trust services, securities brokerage, electronic banking, and insurance. It derives a majority of interest income from Community Banks.
Executives
Darryl Schmidt officer: Executive Vice President 100 N BROADWAY, OKLAHOMA CITY OK 73102
Kevin Lawrence officer: Executive Vice President 100 N BROADWAY, OKLAHOMA CITY OK 73102
Mautra Staley Jones director, Director 101 N. BROADWAY, OKLAHOMA CITY OK 73102
Leslie Jeannine Rainbolt director, 10 percent owner 100 N. BROADWAY, OKLAHOMA CITY OK 73102
Robin Noel Smith director, Director 100 N BROADWAY, OKLAHOMA CITY OK 73102
Joe Goyne director, officer: Director 100 N BROADWAY, OKLAHOMA CITY OK 73102
Dennis L Brand director, officer: Executive Vice President 100 N BROADWAY, OKLAHOMA CITY OK 73102
H E Rainbolt director, officer: Chairman 100 N BROADWAY, OKLAHOMA CITY OK 73102
Dennis Jay Hannah officer: Executive Vice President 100 N BROADWAY, OKLAHOMA CITY OK 73120
Dave R Lopez director 100 N BROADWAY, OKLAHOMA CITY OK 73102
Craig C L Jr director 100 N. BROADWAY, OKLAHOMA CITY OK 73102
David E Rainbolt director, 10 percent owner, officer: President and CEO C/O BANCFIRST CORP, 100 N BROADWAY, OKLAHOMA CITY OK 73102
Scott Copeland officer: Executive Vice President 100 N BROADWAY, OKLAHOMA CITY OK 73102
Bf Bank Partners Lp 10 percent owner 100 N BROADWAY, OKLAHOMA CITY OK 73102
Main Street Banking Partners Lp 10 percent owner 100 N BROADWAY, OKLAHOMA CITY OK 73102