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THFF (First Financial) Cyclically Adjusted FCF per Share : $5.26 (As of Dec. 2024)


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What is First 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.

First Financial's adjusted free cash flow per share for the three months ended in Dec. 2024 was $1.253. 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 $5.26 for the trailing ten years ended in Dec. 2024.

During the past 12 months, First Financial's average Cyclically Adjusted FCF Growth Rate was 1.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 5.50% 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 First Financial was 12.10% per year. The lowest was 1.00% per year. And the median was 5.80% per year.

As of today (2025-04-13), First Financial's current stock price is $42.72. First Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was $5.26. First Financial's Cyclically Adjusted Price-to-FCF of today is 8.12.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of First Financial was 15.69. The lowest was 6.02. And the median was 10.11.


First Financial Cyclically Adjusted FCF per Share Historical Data

The historical data trend for First 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.

First Financial Cyclically Adjusted FCF per Share Chart

First Financial 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 4.15 4.44 4.94 5.19 5.26

First Financial Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.19 5.24 5.27 5.33 5.26

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

For the Banks - Regional subindustry, First 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.


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

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

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


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First 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, First Financial's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.253/133.1571*133.1571
=1.253

Current CPI (Dec. 2024) = 133.1571.

First Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 1.003 99.621 1.341
201506 0.484 100.684 0.640
201509 0.920 100.392 1.220
201512 0.533 99.792 0.711
201603 0.959 100.470 1.271
201606 -0.099 101.688 -0.130
201609 1.160 101.861 1.516
201612 1.073 101.863 1.403
201703 0.826 102.862 1.069
201706 0.228 103.349 0.294
201709 1.793 104.136 2.293
201712 1.010 104.011 1.293
201803 0.702 105.290 0.888
201806 1.053 106.317 1.319
201809 1.509 106.507 1.887
201812 1.258 105.998 1.580
201903 1.117 107.251 1.387
201906 1.073 108.070 1.322
201909 0.814 108.329 1.001
201912 0.815 108.420 1.001
202003 1.756 108.902 2.147
202006 0.931 108.767 1.140
202009 0.891 109.815 1.080
202012 1.782 109.897 2.159
202103 1.000 111.754 1.192
202106 0.736 114.631 0.855
202109 1.149 115.734 1.322
202112 1.006 117.630 1.139
202203 1.508 121.301 1.655
202206 0.964 125.017 1.027
202209 1.611 125.227 1.713
202212 2.266 125.222 2.410
202303 1.700 127.348 1.778
202306 1.134 128.729 1.173
202309 2.250 129.860 2.307
202312 1.584 129.419 1.630
202403 0.972 131.776 0.982
202406 0.714 132.554 0.717
202409 1.654 133.029 1.656
202412 1.253 133.157 1.253

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


First Financial  (NAS:THFF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=42.72/5.26
=8.12

* 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 First Financial was 15.69. The lowest was 6.02. And the median was 10.11.


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.


First Financial Cyclically Adjusted FCF per Share Related Terms

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


First Financial Business Description

Industry
Traded in Other Exchanges
N/A
Address
One First Financial Plaza, Terre Haute, IN, USA, 47807
First Financial Corp operates as a financial holding company, which is engaged in the provision of financial services in the United States. The company offers a wide variety of financial services including commercial, mortgage, and consumer lending, lease financing, trust account services, depositor services and insurance services, through its subsidiaries. Its primary source of revenue is derived from loans to customers and investment activities.
Executives
William Curtis Brighton director INDIANAPOLIS MOTOR SPEEDWAY, 4790 WEST 16TH STREET, INDIANAPOLIS IN 46222
James O Mcdonald director 8305 N COAL CREEK PLACE, WEST TERRE HAUTE IN 47885
Susan M Jensen director 3935 NORTH RANDALL STREET, TERRE HAUTE IN 47805
Mark Allen Franklin officer: Chief Lending Officer 2600 S ROBINS BOW, BLOOMINGTON IN 47401
Blade Mark Jason Sr director 3755 NORTH ANDERSON DRIVE, TERRE HAUTE IN 47803
Pierson Paul Joseph Ii director 1214 LADBROOKE DRIVE, EVANSVILLE IN 47725
Thomas T Dinkel director 100 HAMILTON DR, TERRE HAUTE IN 47803
William Randolph Krieble director 6158 BIG STONE DR., INDIANAPOLIS IN 46234
Tina Jane Maher director 2000 BOLTON ROAD, WEST TERRE HAUTE IN 47885
Thomas Craig Martin director 2609 STERLING AVENUE, BLOOMINGTON IN 47401
Michael A Carty director 322 S WASHINGTON ST, CLINTON IN 47842
Richard Jerome Shagley director 1924 S FRUITRIDGE AVENUE, TERRE HAUTE IN 47803
Gregory L Gibson director 12081 EAST RIO GRANDE, BRAZIL IN 47834
Norman L Lowery director, officer: President & C.E.O. 93 ALLENDALE, TERRE HAUTE IN 47802
Norman D Lowery officer: Chief Operations Officer ONE FIRST FINANCIAL PLAZA, TERRE HAUTE X1 47807