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CVB Financial (CVB Financial) Cyclically Adjusted FCF per Share : $1.57 (As of Dec. 2023)


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What is CVB Financial 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.

CVB Financial's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.340. 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 $1.57 for the trailing ten years ended in Dec. 2023.

During the past 12 months, CVB Financial's average Cyclically Adjusted FCF Growth Rate was 8.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 4.60% 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 CVB Financial was 18.60% per year. The lowest was 0.30% per year. And the median was 7.40% per year.

As of today (2024-05-07), CVB Financial's current stock price is $17.26. CVB Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.57. CVB Financial's Cyclically Adjusted Price-to-FCF of today is 10.99.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CVB Financial was 22.65. The lowest was 7.32. And the median was 16.58.


CVB Financial Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CVB Financial'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.

CVB Financial Cyclically Adjusted FCF per Share Chart

CVB Financial 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 1.23 1.27 1.36 1.45 1.57

CVB Financial 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 1.52 1.54 1.59 1.57 -

Competitive Comparison of CVB Financial's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, CVB Financial'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.


CVB Financial's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



CVB Financial 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, CVB Financial's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.34/129.4194*129.4194
=0.340

Current CPI (Dec. 2023) = 129.4194.

CVB Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.271 99.695 0.352
201406 0.025 100.560 0.032
201409 0.315 100.428 0.406
201412 0.201 99.070 0.263
201503 0.264 99.621 0.343
201506 0.200 100.684 0.257
201509 0.329 100.392 0.424
201512 0.185 99.792 0.240
201603 0.285 100.470 0.367
201606 0.239 101.688 0.304
201609 0.359 101.861 0.456
201612 0.148 101.863 0.188
201703 0.516 102.862 0.649
201706 0.054 103.349 0.068
201709 0.373 104.136 0.464
201712 0.276 104.011 0.343
201803 0.411 105.290 0.505
201806 0.198 106.317 0.241
201809 0.362 106.507 0.440
201812 0.340 105.998 0.415
201903 0.379 107.251 0.457
201906 0.193 108.070 0.231
201909 0.460 108.329 0.550
201912 0.417 108.420 0.498
202003 0.536 108.902 0.637
202006 0.155 108.767 0.184
202009 0.296 109.815 0.349
202012 0.332 109.897 0.391
202103 0.342 111.754 0.396
202106 0.163 114.631 0.184
202109 0.487 115.734 0.545
202112 0.416 117.630 0.458
202203 0.510 121.301 0.544
202206 0.372 125.017 0.385
202209 0.522 125.227 0.539
202212 0.499 125.222 0.516
202303 0.502 127.348 0.510
202306 0.650 128.729 0.653
202309 0.609 129.860 0.607
202312 0.340 129.419 0.340

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


CVB Financial  (NAS:CVBF) 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.

CVB Financial's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=17.26/1.57
=10.99

* 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 CVB Financial was 22.65. The lowest was 7.32. And the median was 16.58.


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.


CVB Financial Cyclically Adjusted FCF per Share Related Terms

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


CVB Financial (CVB Financial) Business Description

Industry
Traded in Other Exchanges
Address
701 N. Haven Avenue, Suite 350, Ontario, CA, USA, 91764
CVB Financial Corp is the holding company for Citizens Business Bank. Citizens Business Bank offers banking, lending, and investing services through approximately 58 banking centers and three trust office locations serving the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California.
Executives
Borba George A Jr director 701 N HAVEN AVE, ONTARIO CA 91764
Richard H Wohl officer: EVP & General Counsel 888 EAST WALNUT ST., PASADENA CA 91101
Yamynn Deangelis officer: EVP Chief Risk Officer 701 N. HAVEN AVE., ONTARIO CA 91764
David F Farnsworth officer: EVP & CCO 701 N. HAVEN AVE., ONTARIO CA 91764
Anna Kan director 701 N. HAVEN AVE., ONTARIO CA 91764
Kimberly H. Sheehy director C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118
Jane Olvera director 701 N HAVEN AVE, ONTARIO CA 91764
O Brien Raymond V Iii director 701 N HAVEN AVENUE, ONTARIO CA 91764
Del Guercio Stephen A director 701 N HAVEN AVE, ONTARIO CA 91764
Hal W Oswalt director 701 N HAVEN AVE, ONTARIO CA 91764
David C Harvey officer: EVP Chief Operations Officer 701 N. HAVEN AVENUE #350, ONTARIO CA 91764
E Allen Nicholson officer: EVP & CFO 701 N. HAVEN AVE., ONTARIO CA 91764
David A. Brager officer: EVP Sales Division Manager 701 N. HAVEN AVE. #350, ONTARIO CA 91764
Kristina M Leslie director DREAMWORKS ANIMATION SKG, INC., 1000 FLOWER STREET, GLENDALE CA 91201
Francene Lapoint officer: SVP Chief Accounting Officer 1551 NORTH TUSTIN AVENUE, SUITE 300, SANTA ANA CA 92705

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