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Banco Comercial Portugues (CHIX:BCPU) Cyclically Adjusted Price-to-FCF : (As of Dec. 15, 2024)


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What is Banco Comercial Portugues Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Comercial Portugues Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Banco Comercial Portugues'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.

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Banco Comercial Portugues Cyclically Adjusted Price-to-FCF Chart

Banco Comercial Portugues 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 0.22 - 0.16 0.24 0.68

Banco Comercial Portugues Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.78 0.68 0.68 0.98 -

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

For the Banks - Regional subindustry, Banco Comercial Portugues'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 Comercial Portugues's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Banco Comercial Portugues 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 Comercial Portugues's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Banco Comercial Portugues's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0/121.5743*121.5743
=0.000

Current CPI (Sep. 2024) = 121.5743.

Banco Comercial Portugues Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.155 99.723 0.189
201503 -0.171 100.097 -0.208
201506 0.603 100.769 0.727
201509 -0.095 100.489 -0.115
201512 -0.096 100.119 -0.117
201603 1.029 100.547 1.244
201606 0.161 101.319 0.193
201609 0.228 101.122 0.274
201612 0.002 100.998 0.002
201703 -0.008 101.924 -0.010
201706 0.103 102.240 0.122
201709 0.045 102.527 0.053
201712 -0.110 102.479 -0.130
201803 0.064 102.626 0.076
201806 0.074 103.790 0.087
201809 0.005 103.960 0.006
201812 0.114 103.159 0.134
201903 -0.029 103.495 -0.034
201906 -0.014 104.192 -0.016
201909 0.022 103.844 0.026
201912 0.049 103.592 0.058
202003 0.000 103.544 0.000
202006 0.000 104.323 0.000
202009 0.000 103.699 0.000
202012 0.000 103.354 0.000
202103 0.151 104.014 0.176
202106 0.030 104.852 0.035
202109 0.007 105.232 0.008
202112 0.099 106.191 0.113
202203 0.108 109.559 0.120
202206 0.053 114.003 0.057
202209 -0.348 114.999 -0.368
202212 0.141 116.377 0.147
202303 -0.060 117.701 -0.062
202306 0.112 117.872 0.116
202309 0.041 119.111 0.042
202312 0.161 118.032 0.166
202403 0.139 120.396 0.140
202406 0.094 121.165 0.094
202409 0.000 121.574 0.000

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 Comercial Portugues  (CHIX:BCPu) 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 Comercial Portugues Cyclically Adjusted Price-to-FCF Related Terms

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Banco Comercial Portugues Business Description

Address
Praca D. Joao I, 28, Porto, PRT, 4000-295
Banco Comercial Portugues SA or Millennium BCP, is a Portuguese bank operating in Portugal, as well as Poland, Mozambique, and Angola. The bank offers a wide range of retail and corporate banking products and services. The bank's distribution network includes traditional branches, as well as online banking, call centers, mobile banking, ATMs, and point of sale systems. In addition to its emphasis on financial technology, BCP's business model has shifted focus to high-net worth individuals, business lending with growth potential, as well as divestiture of noncore assets in its portfolio. The bank's net revenue is mostly net interest income, with notable net commission and net trading income. Most of BCP's earning assets are loans split nearly evenly between retail and corporate.

Banco Comercial Portugues Headlines

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