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Akbank TAS (IST:AKBNK) Cyclically Adjusted Price-to-FCF : 14.50 (As of Jun. 03, 2024)


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What is Akbank TAS Cyclically Adjusted Price-to-FCF?

As of today (2024-06-03), Akbank TAS's current share price is ₺66.40. Akbank TAS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₺4.58. Akbank TAS's Cyclically Adjusted Price-to-FCF for today is 14.50.

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

IST:AKBNK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.77   Med: 9.79   Max: 118
Current: 14.49

During the past years, Akbank TAS's highest Cyclically Adjusted Price-to-FCF was 118.00. The lowest was 4.77. And the median was 9.79.

IST:AKBNK's Cyclically Adjusted Price-to-FCF is ranked worse than
83.8% of 827 companies
in the Banks industry
Industry Median: 7.43 vs IST:AKBNK: 14.49

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.

Akbank TAS's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ₺0.529. 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 ₺4.58 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Akbank TAS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Akbank TAS'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.

Akbank TAS Cyclically Adjusted Price-to-FCF Chart

Akbank TAS 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 23.54 36.37 5.88 10.60 7.97

Akbank TAS 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 10.60 5.71 4.76 7.45 7.97

Competitive Comparison of Akbank TAS's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Akbank TAS'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.


Akbank TAS's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Akbank TAS 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.

Akbank TAS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=66.40/4.58
=14.50

* 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.

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

For example, Akbank TAS'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)
=0.529/129.4194*129.4194
=0.529

Current CPI (Dec. 2023) = 129.4194.

Akbank TAS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.207 99.695 0.269
201406 0.217 100.560 0.279
201409 -0.495 100.428 -0.638
201412 0.237 99.070 0.310
201503 0.023 99.621 0.030
201506 0.383 100.684 0.492
201509 0.048 100.392 0.062
201512 0.978 99.792 1.268
201603 -0.446 100.470 -0.575
201606 -0.582 101.688 -0.741
201609 2.271 101.861 2.885
201612 -0.818 101.863 -1.039
201703 -0.747 102.862 -0.940
201706 -0.010 103.349 -0.013
201709 -1.014 104.136 -1.260
201712 2.140 104.011 2.663
201803 -0.884 105.290 -1.087
201806 2.351 106.317 2.862
201809 3.926 106.507 4.771
201812 -6.304 105.998 -7.697
201903 2.453 107.251 2.960
201906 -3.629 108.070 -4.346
201909 3.797 108.329 4.536
201912 -0.005 108.420 -0.006
202003 1.751 108.902 2.081
202006 -2.195 108.767 -2.612
202009 1.030 109.815 1.214
202012 -1.799 109.897 -2.119
202103 2.975 111.754 3.445
202106 0.430 114.631 0.485
202109 0.998 115.734 1.116
202112 4.153 117.630 4.569
202203 1.413 121.301 1.508
202206 0.927 125.017 0.960
202209 0.281 125.227 0.290
202212 2.510 125.222 2.594
202303 9.675 127.348 9.832
202306 14.274 128.729 14.351
202309 2.546 129.860 2.537
202312 0.529 129.419 0.529

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.


Akbank TAS  (IST:AKBNK) 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.


Akbank TAS Cyclically Adjusted Price-to-FCF Related Terms

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


Akbank TAS (IST:AKBNK) Business Description

Industry
Traded in Other Exchanges
Address
Akbank Sabanci Center, 4. Levent, Istanbul, TUR, 34330
Akbank TAS is a Turkish bank whose core business activities include consumer and private, commercial, small to midsize enterprise, and corporate and investment banking services. Other activities include foreign exchange, money markets, and securities transactions. In addition to traditional banking activities, the company provides insurance intermediary services. Approximately half of the bank's outstanding shares are owned by Sabanci Holding, a large Turkish financial conglomerate, and its affiliates. Net interest income contributes to the vast majority of net revenue, followed by net fees and commissions. The banks gives credit exposure to the services industry.

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