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Itau Unibanco Holding (MEX:ITUB N) Cyclically Adjusted FCF per Share : MXN18.17 (As of Mar. 2025)


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What is Itau Unibanco Holding 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.

Itau Unibanco Holding's adjusted free cash flow per share for the three months ended in Mar. 2025 was MXN-4.718. 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 MXN18.17 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Itau Unibanco Holding's average Cyclically Adjusted FCF Growth Rate was -10.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -2.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 14.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 13.00% 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 Itau Unibanco Holding was 95.60% per year. The lowest was -2.00% per year. And the median was 20.00% per year.

As of today (2025-06-28), Itau Unibanco Holding's current stock price is MXN124.36. Itau Unibanco Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN18.17. Itau Unibanco Holding's Cyclically Adjusted Price-to-FCF of today is 6.84.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Itau Unibanco Holding was 22.79. The lowest was 3.57. And the median was 7.53.


Itau Unibanco Holding Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Itau Unibanco Holding'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.

Itau Unibanco Holding Cyclically Adjusted FCF per Share Chart

Itau Unibanco Holding 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 14.22 17.04 20.03 20.67 15.08

Itau Unibanco Holding 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 18.34 20.06 20.07 15.08 18.17

Competitive Comparison of Itau Unibanco Holding's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Itau Unibanco Holding'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.


Itau Unibanco Holding's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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


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Itau Unibanco Holding 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, Itau Unibanco Holding'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)
=-4.718/168.1016*168.1016
=-4.718

Current CPI (Mar. 2025) = 168.1016.

Itau Unibanco Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -6.015 100.006 -10.111
201509 3.748 101.392 6.214
201512 2.232 104.247 3.599
201603 14.340 106.979 22.533
201606 -0.576 108.851 -0.890
201609 9.329 109.986 14.258
201612 -14.170 110.802 -21.498
201703 -2.389 111.869 -3.590
201706 7.701 112.115 11.547
201709 5.088 112.777 7.584
201712 3.229 114.068 4.759
201803 -50.082 114.868 -73.292
201806 18.939 117.038 27.202
201809 9.142 117.881 13.037
201812 29.479 118.340 41.875
201903 3.350 120.124 4.688
201906 -0.671 120.977 -0.932
201909 -2.390 121.292 -3.312
201912 13.394 123.436 18.241
202003 12.920 124.092 17.502
202006 15.537 123.557 21.138
202009 -2.173 125.095 -2.920
202012 -2.405 129.012 -3.134
202103 -4.755 131.660 -6.071
202106 8.167 133.871 10.255
202109 4.351 137.913 5.303
202112 8.334 141.992 9.866
202203 8.818 146.537 10.116
202206 19.785 149.784 22.205
202209 14.317 147.800 16.284
202212 1.026 150.207 1.148
202303 13.673 153.352 14.988
202306 3.569 154.519 3.883
202309 17.100 155.464 18.490
202312 -12.084 157.148 -12.926
202403 14.297 159.372 15.080
202406 -0.772 161.052 -0.806
202409 -12.219 162.342 -12.652
202412 -2.198 164.740 -2.243
202503 -4.718 168.102 -4.718

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


Itau Unibanco Holding  (MEX:ITUB N) 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.

Itau Unibanco Holding's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=124.36/18.17
=6.84

* 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 Itau Unibanco Holding was 22.79. The lowest was 3.57. And the median was 7.53.


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.


Itau Unibanco Holding Cyclically Adjusted FCF per Share Related Terms

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


Itau Unibanco Holding Business Description

Address
Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 35% and 43% of the bank's total loans, respectively, while foreign loans account for 22% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.

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