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Santander Bank Polska (FRA:BZI) Cyclically Adjusted FCF per Share : €20.78 (As of Mar. 2025)


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What is Santander Bank Polska Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Santander Bank Polska's adjusted free cash flow per share for the three months ended in Mar. 2025 was €14.574. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €20.78 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Santander Bank Polska's average Cyclically Adjusted FCF Growth Rate was 26.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 19.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 34.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Santander Bank Polska was 241.80% per year. The lowest was 19.10% per year. And the median was 51.60% per year.

As of today (2025-05-23), Santander Bank Polska's current stock price is €119.70. Santander Bank Polska's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €20.78. Santander Bank Polska's Cyclically Adjusted Price-to-FCF of today is 5.76.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Santander Bank Polska was 575.32. The lowest was 3.27. And the median was 7.29.


Santander Bank Polska Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Santander Bank Polska's Cyclically Adjusted FCF per Share 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.

Santander Bank Polska Cyclically Adjusted FCF per Share Chart

Santander Bank Polska Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.53 9.35 13.32 17.13 17.24

Santander Bank Polska Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share 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 15.71 17.79 15.65 17.24 20.78

Competitive Comparison of Santander Bank Polska's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Santander Bank Polska'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.


Santander Bank Polska's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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


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Santander Bank Polska Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Santander Bank Polska's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=14.574/157.0208*157.0208
=14.574

Current CPI (Mar. 2025) = 157.0208.

Santander Bank Polska Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 2.038 100.448 3.186
201509 -1.894 99.634 -2.985
201512 2.268 99.471 3.580
201603 -13.802 98.983 -21.895
201606 3.549 99.552 5.598
201609 -0.872 99.064 -1.382
201612 14.573 100.366 22.799
201703 -10.395 101.018 -16.158
201706 -1.292 101.180 -2.005
201709 4.264 101.343 6.607
201712 -2.418 102.564 -3.702
201803 4.182 102.564 6.402
201806 7.682 103.378 11.668
201809 0.338 103.378 0.513
201812 15.590 103.785 23.587
201903 -8.982 104.274 -13.526
201906 1.150 105.983 1.704
201909 0.566 105.983 0.839
201912 14.489 107.123 21.238
202003 -2.684 109.076 -3.864
202006 30.213 109.402 43.364
202009 3.543 109.320 5.089
202012 16.407 109.565 23.513
202103 14.840 112.658 20.684
202106 -12.323 113.960 -16.979
202109 4.523 115.588 6.144
202112 15.215 119.088 20.061
202203 -0.765 125.031 -0.961
202206 -12.834 131.705 -15.301
202209 31.723 135.531 36.753
202212 0.985 139.113 1.112
202303 -10.226 145.950 -11.002
202306 9.072 147.009 9.690
202309 25.878 146.113 27.810
202312 -4.779 147.741 -5.079
202403 -3.391 149.044 -3.572
202406 -2.324 150.997 -2.417
202409 -8.891 153.439 -9.099
202412 20.563 154.660 20.877
202503 14.574 157.021 14.574

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Santander Bank Polska  (FRA:BZI) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Santander Bank Polska's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=119.70/20.78
=5.76

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Santander Bank Polska was 575.32. The lowest was 3.27. And the median was 7.29.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Santander Bank Polska Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Santander Bank Polska's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Santander Bank Polska Business Description

Industry
Traded in Other Exchanges
Address
al. Jana Pawla II 17, Warszawa, POL, 00-854
Santander Bank Polska SA is a commercial bank. It provides financial products and services for individuals, small and medium enterprises, and corporate clients. Its products include personal accounts, credit, savings, investment, settlement, insurance, card products, and others. The group has been divided into five segments: Retail Banking, Business & Corporate Banking, Corporate & Investment Banking, ALM (Assets and Liabilities Management) and Centre, and Santander Consumer. It generates the majority of its revenue from the Retail Banking segment.

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