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Turkiye Garanti Bankasi AS (STU:GBKB) Cyclically Adjusted FCF per Share : €0.19 (As of Mar. 2024)


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What is Turkiye Garanti Bankasi AS 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.

Turkiye Garanti Bankasi AS's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.088. 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 €0.19 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Turkiye Garanti Bankasi AS's average Cyclically Adjusted FCF Growth Rate was 66.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 163.50% 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 Turkiye Garanti Bankasi AS was 163.50% per year. The lowest was 75.50% per year. And the median was 119.50% per year.

As of today (2024-05-30), Turkiye Garanti Bankasi AS's current stock price is €3.04. Turkiye Garanti Bankasi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.19. Turkiye Garanti Bankasi AS's Cyclically Adjusted Price-to-FCF of today is 16.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Turkiye Garanti Bankasi AS was 517.00. The lowest was 5.98. And the median was 13.76.


Turkiye Garanti Bankasi AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Turkiye Garanti Bankasi AS'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.

Turkiye Garanti Bankasi AS Cyclically Adjusted FCF per Share Chart

Turkiye Garanti Bankasi AS 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 0.06 0.04 0.07 0.11 0.19

Turkiye Garanti Bankasi AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 0.18 0.17 0.21 0.19 0.19

Competitive Comparison of Turkiye Garanti Bankasi AS's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Turkiye Garanti Bankasi AS'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.


Turkiye Garanti Bankasi AS's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Turkiye Garanti Bankasi AS's Cyclically Adjusted Price-to-FCF falls into.



Turkiye Garanti Bankasi AS 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, Turkiye Garanti Bankasi AS'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)
=-0.088/131.7762*131.7762
=-0.088

Current CPI (Mar. 2024) = 131.7762.

Turkiye Garanti Bankasi AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.069 99.695 0.091
201406 -0.251 100.560 -0.329
201409 -0.310 100.428 -0.407
201412 0.618 99.070 0.822
201503 -0.318 99.621 -0.421
201506 -0.037 100.684 -0.048
201509 0.399 100.392 0.524
201512 0.046 99.792 0.061
201603 0.568 100.470 0.745
201606 -0.540 101.688 -0.700
201609 -0.143 101.861 -0.185
201612 0.193 101.863 0.250
201703 -0.102 102.862 -0.131
201706 -0.297 103.349 -0.379
201709 0.073 104.136 0.092
201712 -0.018 104.011 -0.023
201803 -0.427 105.290 -0.534
201806 0.305 106.317 0.378
201809 0.750 106.507 0.928
201812 -0.322 105.998 -0.400
201903 -0.011 107.251 -0.014
201906 -0.064 108.070 -0.078
201909 0.537 108.329 0.653
201912 0.061 108.420 0.074
202003 -0.444 108.902 -0.537
202006 0.160 108.767 0.194
202009 0.180 109.815 0.216
202012 0.006 109.897 0.007
202103 -0.077 111.754 -0.091
202109 0.000 115.734 0.000
202112 0.385 117.630 0.431
202203 0.225 121.301 0.244
202206 0.093 125.017 0.098
202209 0.367 125.227 0.386
202212 -0.078 125.222 -0.082
202303 0.821 127.348 0.850
202306 0.449 128.729 0.460
202309 0.467 129.860 0.474
202312 0.084 129.419 0.086
202403 -0.088 131.776 -0.088

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


Turkiye Garanti Bankasi AS  (STU:GBKB) 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.

Turkiye Garanti Bankasi AS's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.04/0.19
=16.00

* 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 Turkiye Garanti Bankasi AS was 517.00. The lowest was 5.98. And the median was 13.76.


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.


Turkiye Garanti Bankasi AS Cyclically Adjusted FCF per Share Related Terms

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


Turkiye Garanti Bankasi AS (STU:GBKB) Business Description

Traded in Other Exchanges
Address
Levent Nispetiye Mah. Aytar Cad. No: 2, Besiktas, Istanbul, TUR, 34340
Turkiye Garanti Bankasi AS is an integrated financial services group operating primarily in Turkey, but with subsidiaries in the Netherlands, Russia, and Romania. It is a full-service bank offering corporate, commercial, retail, private, small to midsize enterprise, and investment banking services. Other financial services include insurance, leasing, brokerage, and asset management services. The bank's strategy emphasizes customer service. Its vast majority of its earning assets consist of loans, with strong positioning in consumer loans, mortgages, and auto loans. The company loan portfolio is diversified across various industries, notably real estate and rental services, wholesale and retail trade, and the production industries.

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