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BDO Unibank (PHS:BDO) Cyclically Adjusted FCF per Share : ₱15.88 (As of Mar. 2024)


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What is BDO Unibank 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.

BDO Unibank's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱2.394. 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 ₱15.88 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BDO Unibank's average Cyclically Adjusted FCF Growth Rate was -20.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.30% 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 BDO Unibank was 27.40% per year. The lowest was -9.70% per year. And the median was 5.10% per year.

As of today (2024-05-31), BDO Unibank's current stock price is ₱130.00. BDO Unibank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱15.88. BDO Unibank's Cyclically Adjusted Price-to-FCF of today is 8.19.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of BDO Unibank was 15.12. The lowest was 5.61. And the median was 8.89.


BDO Unibank Cyclically Adjusted FCF per Share Historical Data

The historical data trend for BDO Unibank'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.

BDO Unibank Cyclically Adjusted FCF per Share Chart

BDO Unibank 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 8.68 8.80 12.32 17.94 13.59

BDO Unibank 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 19.87 17.91 15.17 13.59 15.88

Competitive Comparison of BDO Unibank's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, BDO Unibank'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.


BDO Unibank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



BDO Unibank 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, BDO Unibank'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)
=2.394/131.7762*131.7762
=2.394

Current CPI (Mar. 2024) = 131.7762.

BDO Unibank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.337 100.560 0.442
201409 2.350 100.428 3.084
201412 2.355 99.070 3.132
201503 1.083 99.621 1.433
201506 -0.839 100.684 -1.098
201509 -1.390 100.392 -1.825
201512 -0.290 99.792 -0.383
201603 12.169 100.470 15.961
201606 -4.104 101.688 -5.318
201609 0.684 101.861 0.885
201612 4.290 101.863 5.550
201703 -2.225 102.862 -2.850
201706 -0.621 103.349 -0.792
201709 11.196 104.136 14.168
201712 -10.622 104.011 -13.457
201803 9.190 105.290 11.502
201806 2.132 106.317 2.643
201809 -1.995 106.507 -2.468
201812 6.081 105.998 7.560
201903 -6.263 107.251 -7.695
201906 3.252 108.070 3.965
201909 1.562 108.329 1.900
201912 -11.857 108.420 -14.411
202003 12.598 108.902 15.244
202006 6.696 108.767 8.112
202009 5.841 109.815 7.009
202012 -3.438 109.897 -4.122
202103 14.538 111.754 17.143
202106 6.679 114.631 7.678
202109 2.650 115.734 3.017
202112 -0.803 117.630 -0.900
202203 5.345 121.301 5.807
202206 16.876 125.017 17.788
202209 0.374 125.227 0.394
202212 23.974 125.222 25.229
202303 13.240 127.348 13.700
202306 -1.797 128.729 -1.840
202309 16.073 129.860 16.310
202312 3.855 129.419 3.925
202403 2.394 131.776 2.394

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


BDO Unibank  (PHS:BDO) 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.

BDO Unibank's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=130.00/15.88
=8.19

* 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 BDO Unibank was 15.12. The lowest was 5.61. And the median was 8.89.


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.


BDO Unibank Cyclically Adjusted FCF per Share Related Terms

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


BDO Unibank (PHS:BDO) Business Description

Industry
Traded in Other Exchanges
Address
7899 Makati Avenue, BDO Corporate Center, Makati, PHL, 0726
BDO Unibank Inc is a full-service universal bank in the Philippines. The company provides a variety of banking products and services, including corporate and consumer lending, deposit-taking, foreign exchange, brokering, trust and investments, credit cards, corporate cash management, and remittances. It also offers leasing and financing, investment banking, private banking, rural banking, bancassurance, and insurance and stock brokerage services through its various local subsidiaries. It has a large distribution network of operating branches and ATMs. Most of its earning assets are loans and other receivables.

BDO Unibank (PHS:BDO) Headlines

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