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Svenska Handelsbanken AB (FRA:SVHG) Cyclically Adjusted Price-to-FCF : 14.15 (As of May. 25, 2024)


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What is Svenska Handelsbanken AB Cyclically Adjusted Price-to-FCF?

As of today (2024-05-25), Svenska Handelsbanken AB's current share price is €10.33. Svenska Handelsbanken AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.73. Svenska Handelsbanken AB's Cyclically Adjusted Price-to-FCF for today is 14.15.

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

FRA:SVHG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.46   Med: 7.45   Max: 89.71
Current: 14.56

During the past years, Svenska Handelsbanken AB's highest Cyclically Adjusted Price-to-FCF was 89.71. The lowest was 2.46. And the median was 7.45.

FRA:SVHG's Cyclically Adjusted Price-to-FCF is ranked worse than
84.15% of 833 companies
in the Banks industry
Industry Median: 7.38 vs FRA:SVHG: 14.56

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.

Svenska Handelsbanken AB's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €4.554. 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 €0.73 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Svenska Handelsbanken AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Svenska Handelsbanken AB'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.

Svenska Handelsbanken AB Cyclically Adjusted Price-to-FCF Chart

Svenska Handelsbanken AB 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 8.50 5.24 10.09 11.79 35.08

Svenska Handelsbanken AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.71 7.45 80.28 35.08 15.95

Competitive Comparison of Svenska Handelsbanken AB's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, Svenska Handelsbanken AB'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.


Svenska Handelsbanken AB's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Svenska Handelsbanken AB's Cyclically Adjusted Price-to-FCF falls into.



Svenska Handelsbanken AB 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.

Svenska Handelsbanken AB's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.33/0.73
=14.15

* 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.

Svenska Handelsbanken AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Svenska Handelsbanken AB's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=4.554/132.2054*132.2054
=4.554

Current CPI (Mar. 2024) = 132.2054.

Svenska Handelsbanken AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.361 100.432 3.108
201409 -2.016 100.161 -2.661
201412 1.384 100.225 1.826
201503 -0.063 99.950 -0.083
201506 -1.377 99.995 -1.821
201509 -0.109 100.228 -0.144
201512 -13.436 100.276 -17.714
201603 15.761 100.751 20.682
201606 0.836 101.019 1.094
201609 -7.901 101.138 -10.328
201612 -7.915 102.022 -10.257
201703 10.029 102.022 12.996
201706 3.745 102.752 4.818
201709 -3.245 103.279 -4.154
201712 -8.224 103.793 -10.475
201803 2.315 103.962 2.944
201806 4.172 104.875 5.259
201809 -0.848 105.679 -1.061
201812 -1.898 105.912 -2.369
201903 2.437 105.886 3.043
201906 -3.964 106.742 -4.910
201909 1.555 107.214 1.917
201912 0.963 107.766 1.181
202003 12.738 106.563 15.803
202006 1.943 107.498 2.390
202009 -3.939 107.635 -4.838
202012 -7.337 108.296 -8.957
202103 13.943 108.360 17.011
202106 -3.683 108.928 -4.470
202109 0.555 110.338 0.665
202112 -8.386 112.486 -9.856
202203 5.669 114.825 6.527
202206 2.996 118.384 3.346
202209 -2.550 122.296 -2.757
202212 -7.646 126.365 -7.999
202303 -0.248 127.042 -0.258
202306 1.519 129.407 1.552
202309 -1.094 130.224 -1.111
202312 0.786 131.912 0.788
202403 4.554 132.205 4.554

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.


Svenska Handelsbanken AB  (FRA:SVHG) 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.


Svenska Handelsbanken AB Cyclically Adjusted Price-to-FCF Related Terms

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Svenska Handelsbanken AB (FRA:SVHG) Business Description

Address
Kungstradgardsgatan 2, Stockholm, SWE, SE-106 70
Handelsbanken is one of the largest Swedish banks with significant exposure to the Swedish mortgage market; about 44% of total loans are tied to the Swedish real estate market. Outside of Sweden, the bank operates primarily in the U.K. and Netherlands. Handelsbanken generates about three fourths of its income through its interest spread-based business, including mortgages, household loans, and corporate loans to large and small enterprises. The bank increasingly offers asset-management, mutual fund and private banking services to its clients.

Svenska Handelsbanken AB (FRA:SVHG) Headlines

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