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Banco Pan (BSP:BPAN4) Cyclically Adjusted Price-to-FCF : 48.21 (As of Apr. 30, 2024)


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What is Banco Pan Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Banco Pan's current share price is R$9.16. Banco Pan's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$0.19. Banco Pan's Cyclically Adjusted Price-to-FCF for today is 48.21.

The historical rank and industry rank for Banco Pan's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:BPAN4' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.19   Med: 43.58   Max: 108.75
Current: 48.73

During the past years, Banco Pan's highest Cyclically Adjusted Price-to-FCF was 108.75. The lowest was 13.19. And the median was 43.58.

BSP:BPAN4's Cyclically Adjusted Price-to-FCF is ranked worse than
96.66% of 839 companies
in the Banks industry
Industry Median: 7.42 vs BSP:BPAN4: 48.73

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.

Banco Pan's adjusted free cash flow per share data for the three months ended in Dec. 2023 was R$0.407. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$0.19 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Pan Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Banco Pan's Cyclically Adjusted Price-to-FCF 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.

Banco Pan Cyclically Adjusted Price-to-FCF Chart

Banco Pan Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 30.46 45.96

Banco Pan Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF 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 30.46 13.61 33.10 97.82 45.96

Competitive Comparison of Banco Pan's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Banco Pan'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.


Banco Pan's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Banco Pan Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Banco Pan's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.16/0.19
=48.21

* 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.

Banco Pan's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Banco Pan's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.407/156.2729*156.2729
=0.407

Current CPI (Dec. 2023) = 156.2729.

Banco Pan Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.943 90.447 -1.629
201406 1.448 91.838 2.464
201409 -0.550 92.602 -0.928
201412 -1.679 94.194 -2.786
201503 0.172 97.799 0.275
201506 1.051 100.006 1.642
201509 0.570 101.392 0.879
201512 0.385 104.247 0.577
201603 0.935 106.979 1.366
201606 0.057 108.851 0.082
201609 0.089 109.986 0.126
201612 -0.043 110.802 -0.061
201703 0.372 111.869 0.520
201706 0.340 112.115 0.474
201709 0.042 112.777 0.058
201712 -0.204 114.068 -0.279
201803 0.033 114.868 0.045
201806 0.611 117.038 0.816
201809 0.730 117.881 0.968
201812 -1.031 118.340 -1.361
201903 0.125 120.124 0.163
201906 -0.178 120.977 -0.230
201909 -0.533 121.292 -0.687
201912 1.068 123.436 1.352
202003 -0.528 124.092 -0.665
202006 0.873 123.557 1.104
202009 0.247 125.095 0.309
202012 -0.496 129.012 -0.601
202103 -0.565 131.660 -0.671
202106 -3.574 133.871 -4.172
202109 0.807 137.913 0.914
202112 1.452 141.992 1.598
202203 0.785 146.537 0.837
202206 1.140 149.784 1.189
202209 -0.031 147.800 -0.033
202212 0.354 150.207 0.368
202303 0.940 153.352 0.958
202306 0.133 154.519 0.135
202309 -3.624 155.464 -3.643
202312 0.407 156.273 0.407

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


Banco Pan  (BSP:BPAN4) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Banco Pan Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Banco Pan's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Banco Pan (BSP:BPAN4) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Avenue Paulista 1374, 12th Floor, Sao Paulo, SP, BRA, 1310300
Banco Pan SA is a Brazil-based company engaged in operating in the banking industry. It is principally engaged in the business activity of providing financial services such as vehicle financing, consumer lending, debts renegotiation, insurance services, credit card and others.

Banco Pan (BSP:BPAN4) Headlines

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