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Itau Unibanco Holding (FRA:BVXB) Cyclically Adjusted Price-to-FCF : 4.80 (As of May. 20, 2024)


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What is Itau Unibanco Holding Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Itau Unibanco Holding's current share price is €5.90. Itau Unibanco Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €1.23. Itau Unibanco Holding's Cyclically Adjusted Price-to-FCF for today is 4.80.

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

FRA:BVXB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.57   Med: 8.93   Max: 23
Current: 5.07

During the past years, Itau Unibanco Holding's highest Cyclically Adjusted Price-to-FCF was 23.00. The lowest was 3.57. And the median was 8.93.

FRA:BVXB's Cyclically Adjusted Price-to-FCF is ranked better than
68.59% of 834 companies
in the Banks industry
Industry Median: 7.51 vs FRA:BVXB: 5.07

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.

Itau Unibanco Holding's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €-0.341. 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 €1.23 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Itau Unibanco Holding Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Itau Unibanco Holding'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.

Itau Unibanco Holding Cyclically Adjusted Price-to-FCF Chart

Itau Unibanco Holding 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 14.06 7.86 4.14 4.17 5.10

Itau Unibanco Holding 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 4.17 3.62 4.53 4.00 5.10

Competitive Comparison of Itau Unibanco Holding's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Itau Unibanco Holding'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.


Itau Unibanco Holding's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Itau Unibanco Holding's Cyclically Adjusted Price-to-FCF falls into.



Itau Unibanco Holding 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.

Itau Unibanco Holding's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.90/1.23
=4.80

* 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.

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

For example, Itau Unibanco Holding'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)
=-0.341/157.1481*157.1481
=-0.341

Current CPI (Dec. 2023) = 157.1481.

Itau Unibanco Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.199 90.447 2.083
201406 -0.242 91.838 -0.414
201409 -0.099 92.602 -0.168
201412 1.942 94.194 3.240
201503 -1.147 97.799 -1.843
201506 -0.376 100.006 -0.591
201509 0.217 101.392 0.336
201512 0.131 104.247 0.197
201603 0.823 106.979 1.209
201606 -0.030 108.851 -0.043
201609 0.473 109.986 0.676
201612 -0.717 110.802 -1.017
201703 -0.131 111.869 -0.184
201706 0.417 112.115 0.584
201709 0.259 112.777 0.361
201712 0.153 114.068 0.211
201803 -2.459 114.868 -3.364
201806 0.908 117.038 1.219
201809 0.461 117.881 0.615
201812 1.452 118.340 1.928
201903 0.168 120.124 0.220
201906 -0.034 120.977 -0.044
201909 -0.121 121.292 -0.157
201912 0.703 123.436 0.895
202003 0.549 124.092 0.695
202006 0.658 123.557 0.837
202009 -0.092 125.095 -0.116
202012 -0.109 129.012 -0.133
202103 -0.215 131.660 -0.257
202106 0.375 133.871 0.440
202109 0.198 137.913 0.226
202112 0.396 141.992 0.438
202203 0.442 146.537 0.474
202206 1.023 149.784 1.073
202209 0.791 147.800 0.841
202212 0.055 150.207 0.058
202303 0.779 153.352 0.798
202306 0.211 154.519 0.215
202309 0.628 155.464 0.635
202312 -0.341 157.148 -0.341

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.


Itau Unibanco Holding  (FRA:BVXB) 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.


Itau Unibanco Holding Cyclically Adjusted Price-to-FCF Related Terms

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


Itau Unibanco Holding (FRA:BVXB) Business Description

Address
Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 33% and 44%% of the bank's total loans, respectively, while foreign loans account for 23% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.

Itau Unibanco Holding (FRA:BVXB) Headlines

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