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Hilltop Holdings (Hilltop Holdings) Cyclically Adjusted FCF per Share : $2.56 (As of Mar. 2024)


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What is Hilltop Holdings 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.

Hilltop Holdings's adjusted free cash flow per share for the three months ended in Mar. 2024 was $1.049. 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 $2.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hilltop Holdings's average Cyclically Adjusted FCF Growth Rate was 21.90% 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 Hilltop Holdings was 74.00% per year. The lowest was -15.00% per year. And the median was 39.40% per year.

As of today (2024-04-30), Hilltop Holdings's current stock price is $29.705. Hilltop Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.56. Hilltop Holdings's Cyclically Adjusted Price-to-FCF of today is 11.60.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hilltop Holdings was 1224.00. The lowest was 9.00. And the median was 43.68.


Hilltop Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hilltop Holdings'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.

Hilltop Holdings Cyclically Adjusted FCF per Share Chart

Hilltop Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.28 -0.02 0.93 2.47 2.66

Hilltop Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.10 2.01 2.16 2.66 2.56

Competitive Comparison of Hilltop Holdings's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Hilltop Holdings'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.


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

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

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



Hilltop Holdings 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, Hilltop Holdings's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.049/129.4194*129.4194
=1.049

Current CPI (Mar. 2024) = 129.4194.

Hilltop Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -5.048 100.560 -6.497
201409 2.528 100.428 3.258
201412 -0.574 99.070 -0.750
201503 -1.234 99.621 -1.603
201506 0.562 100.684 0.722
201509 0.429 100.392 0.553
201512 0.297 99.792 0.385
201603 -0.001 100.470 -0.001
201606 -3.998 101.688 -5.088
201609 1.242 101.861 1.578
201612 0.696 101.863 0.884
201703 3.487 102.862 4.387
201706 -8.327 103.349 -10.428
201709 -0.280 104.136 -0.348
201712 1.565 104.011 1.947
201803 1.885 105.290 2.317
201806 -5.378 106.317 -6.547
201809 6.236 106.507 7.578
201812 0.674 105.998 0.823
201903 3.391 107.251 4.092
201906 -4.959 108.070 -5.939
201909 -3.988 108.329 -4.764
201912 0.402 108.420 0.480
202003 -6.632 108.902 -7.882
202006 4.978 108.767 5.923
202009 2.229 109.815 2.627
202012 2.240 109.897 2.638
202103 3.696 111.754 4.280
202106 -7.885 114.631 -8.902
202109 14.826 115.734 16.579
202112 -1.393 117.630 -1.533
202203 4.880 121.301 5.207
202206 4.792 125.017 4.961
202209 7.537 125.227 7.789
202212 -0.753 125.222 -0.778
202303 -1.687 127.348 -1.714
202306 -3.345 128.729 -3.363
202309 7.695 129.860 7.669
202312 4.002 129.419 4.002
202403 1.049 129.419 1.049

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


Hilltop Holdings  (NYSE:HTH) 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.

Hilltop Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=29.705/2.56
=11.60

* 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 Hilltop Holdings was 1224.00. The lowest was 9.00. And the median was 43.68.


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.


Hilltop Holdings Cyclically Adjusted FCF per Share Related Terms

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


Hilltop Holdings (Hilltop Holdings) Business Description

Industry
Traded in Other Exchanges
Address
6565 Hillcrest Avenue, Dallas, TX, USA, 75205
Hilltop Holdings Inc is a Dallas-based financial holding company. Its primary line of business is to provide business and consumer banking services from offices throughout Texas through PlainsCapital Bank. Hilltop's broker-dealer subsidiaries, Hilltop Securities Inc. and Momentum Independent Network Inc. provide a full complement of securities brokerage, institutional and investment banking services in addition to clearing services and retail financial advisory. Its business units are comprised of three reportable business segments such as banking, broker-dealer, and mortgage origination. The company generates revenue from banking activities. Hilltop operated around 410 locations in 47 states.
Executives
Keith E. Bornemann officer: Principal Accounting Officer 3322 WEST END AVENUE, NASHVILLE TN 37203
Nichols W Robert Iii director 200 CRESCENT COURT, SUITE 1330, DALLAS TX 75201
Hill A Feinberg director, officer: CEO First Southwest Holdings 3131 MAPLE AVENUE #14-E, DALLAS TX 75201-1206
Jerry Schaffner officer: Pres & CEO, PlainsCapital Bank C/O PLAINSCAPITAL CORPORATION, 2323 VICTORY AVENUE, SUITE 1400, DALLAS TX 75219
Martin Bradley Winges officer: Hilltop Securities CEO 800 NICOLLET MALL, MINNEAPOLIS MN MN
Lee Lewis director C/O PLAINSCAPITAL CORPORATION, 2323 VICTORY AVENUE, SUITE 1400, DALLAS TX 75219
Tom C Nichols director 4500 MERCANTILE PLAZA DRIVE, SUITE 300, FORT WORTH TX 76137
Darren E Parmenter officer: Vice President - Finance 200 CRESCENT COURT, SUITE 1330, DALLAS TX 75201
Jonathan S Sobel director, officer: Hilltop Securities Chairman C/O GOLDMAN SACHS, 85 BROAD STREET, NEW YORK NY 10004
Alan B White director, officer: CEO, PlainsCapital Corp. C/O PLAINSCAPITAL CORPORATION, 2323 VICTORY AVENUE, SUITE 1400, DALLAS TX 75219
Gerald J Ford director 200 CRESCENT CT STE 1350, DALLAS TX 75201
Diamond Hth Stock Co Gp, Llc 10 percent owner 200 CRESCENT COURT, SUITE 1350, DALLAS TX 75201
Turtle Creek Revocable Trust 10 percent owner 200 CRESCENT COURT, SUITE 1350, DALLAS TX 75201
Diamond Hth Stock Company, Lp 10 percent owner 200 CRESCENT COURT, SUITE 1350, DALLAS TX 75201
Charles Clifton Robinson director 900 AUSTIN AVENUE, 12TH FLOOR, WACO TX 76701