First Commonwealth Financial (First Commonwealth Financial) Intrinsic Value: Projected FCF

: $23.17 (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), First Commonwealth Financial's Intrinsic Value: Projected FCF is $23.17. The stock price of First Commonwealth Financial is $13.59. Therefore, First Commonwealth Financial's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.

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

FCF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.57 Med: 0.69 Max: 0.94
Current: 0.59

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of First Commonwealth Financial was 0.94. The lowest was 0.57. And the median was 0.69.

FCF's Price-to-Projected-FCF is ranked worse than
68.58% of 1219 companies
in the Banks industry
Industry Median: 0.44 vs FCF: 0.59

First Commonwealth Financial Intrinsic Value: Projected FCF Historical Data

The historical data trend for First Commonwealth Financial'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.

First Commonwealth Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intrinsic Value: Projected FCF

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18.17

19.30

21.39

22.12

23.17

First Commonwealth Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Intrinsic Value: Projected FCF	Get a 7-Day Free Trial															22.12	22.25	21.96	22.15	23.17

Competitive Comparison

For the Banks - Regional subindustry, First Commonwealth Financial'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.

First Commonwealth Financial Price-to-Projected-FCF Distribution

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

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

First Commonwealth Financial 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 First Commonwealth Financial's Free Cash Flow(6 year avg) = $121.56.

First Commonwealth Financial'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 (Dec23)	*	0.8)	/	Shares Outstanding (Diluted Average)
	=	(10.844211261935	*	121.5616	+	1314.274	*	0.8)	/	102.264
	=	23.17

First Commonwealth Financial (NYSE:FCF) 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.

First Commonwealth Financial's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF	=	Share Price	/	Intrinsic Value: Projected FCF
	=	13.59	/	23.171975198885
	=	0.59

First Commonwealth Financial Intrinsic Value: Projected FCF Related Terms

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First Commonwealth Financial (First Commonwealth Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Commonwealth Financial Corp (NYSE:FCF) » Definitions » Intrinsic Value: Projected FCF

Comparable Companies

Traded in Other Exchanges

FCF:Germany

Address

601 Philadelphia Street, Indiana, PA, USA, 15701

Website

https://www.fcbanking.com

First Commonwealth Financial Corp functions in the financial services sector in the United States. Through its subsidiary, it offers a range of consumer and commercial banking services such as personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, investment certificates, fixed & variable rate certificates of deposit, and various kinds of loans. It also provides trust and wealth management services and offers insurance products through the Bank. The company earns the majority of its revenue through net interest income.

Executives

Carrie L Riggle	officer: EVP/Human Resources	601 PHILADELPHIA STREET, INDIANA PA 15701
Ray T Charley	director	22 N 6TH ST, INDIANA PA 15701
Patricia A. Husic	director	601 PHILADELPHIA STREET, INDIANA PA 15701
Matthew C Tomb	officer: EVP/Chief Risk Officer	601 PHILADELPHIA STREET, INDIANA PA 15701
Brian G Karrip	officer: EVP/Chief Credit Officer	601 PHILADELPHIA STREET, INDIANA PA 15701
Norman J Montgomery	officer: EVP/Business Integration	601 PHILADELPHIA STREET, INDIANA PA 15701
James R Reske	officer: EVP/Chief Financial Officer	601 PHILADELPHIA STREET, INDIANA PA 15701
Leonard V Lombardi	officer: EVP/Chief Audit Executive	601 PHILADELPHIA STREET, INDIANA PA 15701
T Michael Price	director, officer: President & CEO	601 PHILADELPHIA STREET, INDIANA PA 15701
Robert J Ventura	director	601 PHILADELPHIA STREET, INDIANA PA 15701
Gary R Claus	director	601 PHILADELPHIA STREET, INDIANA PA 15701
Jane Grebenc	director, officer: EVP/Chief Revenue Officer	601 PHILADELPHIA STREET, INDIANA PA 15701
Stephen A Wolfe	director	601 PHILADELPHIA STREET, INDIANA PA 15701
Aradhna M Oliphant	director	601 PHILADELPHIA STREET, INDIANA PA 15701
David W Greenfield	director	601 PHILADELHIA STREET, INDIANA PA 15701