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Security Bank (PHS:SECB) Cyclically Adjusted FCF per Share : ₱50.80 (As of Mar. 2025)


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What is Security Bank 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.

Security Bank's adjusted free cash flow per share for the three months ended in Mar. 2025 was ₱111.006. 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 ₱50.80 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Security Bank's average Cyclically Adjusted FCF Growth Rate was 39.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 39.90% 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 Security Bank was 115.50% per year. The lowest was 7.10% per year. And the median was 63.70% per year.

As of today (2025-05-23), Security Bank's current stock price is ₱61.60. Security Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ₱50.80. Security Bank's Cyclically Adjusted Price-to-FCF of today is 1.21.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Security Bank was 224.56. The lowest was 1.22. And the median was 3.65.


Security Bank Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Security Bank'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.

Security Bank Cyclically Adjusted FCF per Share Chart

Security Bank 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 19.61 32.16 42.45 34.05 39.52

Security Bank 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 36.45 36.74 39.19 39.52 50.80

Competitive Comparison of Security Bank's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Security Bank'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.


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

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

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


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Security Bank 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, Security Bank'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)
=111.006/134.9266*134.9266
=111.006

Current CPI (Mar. 2025) = 134.9266.

Security Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 4.653 100.684 6.235
201509 13.667 100.392 18.369
201512 -4.388 99.792 -5.933
201603 -15.774 100.470 -21.184
201606 -8.175 101.688 -10.847
201609 -8.707 101.861 -11.533
201612 43.146 101.863 57.151
201703 30.611 102.862 40.153
201706 -54.897 103.349 -71.670
201709 36.563 104.136 47.374
201712 -28.379 104.011 -36.814
201803 14.593 105.290 18.701
201806 4.862 106.317 6.170
201809 13.048 106.507 16.530
201812 8.446 105.998 10.751
201903 -24.311 107.251 -30.584
201906 -34.207 108.070 -42.708
201909 24.939 108.329 31.062
201912 1.827 108.420 2.274
202003 -22.397 108.902 -27.749
202006 29.251 108.767 36.286
202009 -76.608 109.815 -94.126
202012 184.532 109.897 226.561
202103 125.150 111.754 151.100
202106 8.347 114.631 9.825
202109 -7.277 115.734 -8.484
202112 -17.894 117.630 -20.525
202203 -5.456 121.301 -6.069
202206 18.363 125.017 19.819
202209 20.331 125.227 21.906
202212 10.350 125.222 11.152
202303 -87.833 127.348 -93.060
202306 22.809 128.729 23.907
202309 24.864 129.860 25.834
202312 25.610 129.419 26.700
202403 30.485 131.776 31.214
202406 5.436 132.554 5.533
202409 15.486 133.029 15.707
202412 17.722 133.157 17.958
202503 111.006 134.927 111.006

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


Security Bank  (PHS:SECB) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=61.60/50.80
=1.21

* 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 Security Bank was 224.56. The lowest was 1.22. And the median was 3.65.


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.


Security Bank Cyclically Adjusted FCF per Share Related Terms

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


Security Bank Business Description

Industry
Traded in Other Exchanges
Address
6776 Ayala Avenue, Security Bank Centre, Makati, PHL, 0719
Security Bank Corp is engaged in banking. It operates in four segments; the Financial Markets Segment focuses on providing the money market, foreign exchange, financial derivatives, securities distribution, asset management, trust, and fiduciary services; the Wholesale Banking Segment addresses the corporate, institutional, and public sector markets and commercial clients. Services include relationship management, lending and other credit facilities, trade, cash management, deposit-taking, and leasing services; the Retail Banking Segment addresses individual, retail, and small businesses; the Business banking segment covers deposit-taking and servicing, consumer loans, credit card facilities, and bancassurance, and All Other Segments include other support services.

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