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ForteBank JSC (XKAZ:ASBN) Cyclically Adjusted FCF per Share : ₸1.83 (As of Dec. 2024)


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What is ForteBank JSC 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.

ForteBank JSC's adjusted free cash flow per share for the three months ended in Dec. 2024 was ₸-0.573. 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 ₸1.83 for the trailing ten years ended in Dec. 2024.

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.

As of today (2025-05-30), ForteBank JSC's current stock price is ₸7.52. ForteBank JSC's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was ₸1.83. ForteBank JSC's Cyclically Adjusted Price-to-FCF of today is 4.11.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ForteBank JSC was 4.33. The lowest was 2.94. And the median was 3.89.


ForteBank JSC Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ForteBank JSC'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.

ForteBank JSC Cyclically Adjusted FCF per Share Chart

ForteBank JSC 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 - - -60.05 -55.58 1.83

ForteBank JSC 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 -55.58 -56.28 -56.55 1.73 1.83

Competitive Comparison of ForteBank JSC's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, ForteBank JSC'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.


ForteBank JSC's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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


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ForteBank JSC 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, ForteBank JSC'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)
=-0.573/133.1571*133.1571
=-0.573

Current CPI (Dec. 2024) = 133.1571.

ForteBank JSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -0.201 99.621 -0.269
201506 -0.632 100.684 -0.836
201509 -0.165 100.392 -0.219
201512 -0.139 99.792 -0.185
201603 -0.876 100.470 -1.161
201606 -0.059 101.688 -0.077
201609 0.482 101.861 0.630
201612 0.272 101.863 0.356
201703 0.661 102.862 0.856
201706 -0.478 103.349 -0.616
201709 1.118 104.136 1.430
201712 0.068 104.011 0.087
201803 0.476 105.290 0.602
201806 -0.907 106.317 -1.136
201809 -0.578 106.507 -0.723
201812 0.491 105.998 0.617
201903 0.148 107.251 0.184
201906 0.915 108.070 1.127
201909 0.168 108.329 0.207
201912 1.861 108.420 2.286
202003 -0.375 108.902 -0.459
202006 0.021 108.767 0.026
202009 1.195 109.815 1.449
202012 -0.222 109.897 -0.269
202103 2.591 111.754 3.087
202106 -0.667 114.631 -0.775
202109 1.561 115.734 1.796
202112 0.458 117.630 0.518
202203 0.865 121.301 0.950
202206 -0.886 125.017 -0.944
202209 0.333 125.227 0.354
202212 0.341 125.222 0.363
202303 -0.053 127.348 -0.055
202306 1.251 128.729 1.294
202309 -0.792 129.860 -0.812
202312 2.308 129.419 2.375
202403 3.288 131.776 3.322
202406 0.896 132.554 0.900
202409 2.568 133.029 2.570
202412 -0.573 133.157 -0.573

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


ForteBank JSC  (XKAZ:ASBN) 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.

ForteBank JSC's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=7.52/1.83
=4.11

* 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 ForteBank JSC was 4.33. The lowest was 2.94. And the median was 3.89.


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.


ForteBank JSC Cyclically Adjusted FCF per Share Related Terms

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


ForteBank JSC Business Description

Industry
Traded in Other Exchanges
N/A
Address
Dostyk Street, 8/1, Astana, KAZ, 010017
ForteBank JSC is a commercial bank based in Kazakhstan. It is a result of the merger of OJSC Semipalatinsk Municipal Joint Stock Bank and OJSC Irtyshbusinessbank. ForteBank's core services involve the provision of banking services to individuals and corporates. Its customers can also avail insurance coverage for deposits, depending upon a number of deposits. The group's primary business is related to commercial banking activities, granting of loans and guarantees, accepting deposits, exchanging foreign currencies, dealing with securities, transferring cash payments, as well as providing other banking services.

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