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Turkiye Kalkinma Bankasi AS (IST:KLNMA) Cyclically Adjusted Price-to-FCF : 35.54 (As of Jun. 08, 2024)


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What is Turkiye Kalkinma Bankasi AS Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Turkiye Kalkinma Bankasi AS's current share price is ₺16.35. Turkiye Kalkinma Bankasi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₺0.46. Turkiye Kalkinma Bankasi AS's Cyclically Adjusted Price-to-FCF for today is 35.54.

The historical rank and industry rank for Turkiye Kalkinma Bankasi AS's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

IST:KLNMA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.69   Med: 39.15   Max: 194.59
Current: 36.64

During the past years, Turkiye Kalkinma Bankasi AS's highest Cyclically Adjusted Price-to-FCF was 194.59. The lowest was 13.69. And the median was 39.15.

IST:KLNMA's Cyclically Adjusted Price-to-FCF is ranked worse than
95.9% of 829 companies
in the Banks industry
Industry Median: 7.33 vs IST:KLNMA: 36.64

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.

Turkiye Kalkinma Bankasi AS's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₺0.002. 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 ₺0.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Turkiye Kalkinma Bankasi AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Turkiye Kalkinma Bankasi AS'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.

Turkiye Kalkinma Bankasi AS Cyclically Adjusted Price-to-FCF Chart

Turkiye Kalkinma Bankasi AS 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 - 101.92 66.24 20.52 30.48

Turkiye Kalkinma Bankasi AS 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 14.46 18.20 31.54 30.48 33.19

Competitive Comparison of Turkiye Kalkinma Bankasi AS's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Turkiye Kalkinma Bankasi AS'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.


Turkiye Kalkinma Bankasi AS's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Turkiye Kalkinma Bankasi AS's Cyclically Adjusted Price-to-FCF falls into.



Turkiye Kalkinma Bankasi AS 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.

Turkiye Kalkinma Bankasi AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=16.35/0.46
=35.54

* 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.

Turkiye Kalkinma Bankasi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Turkiye Kalkinma Bankasi AS'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)
=0.002/131.7762*131.7762
=0.002

Current CPI (Mar. 2024) = 131.7762.

Turkiye Kalkinma Bankasi AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.004 100.560 0.005
201409 0.026 100.428 0.034
201412 0.034 99.070 0.045
201503 -0.028 99.621 -0.037
201506 0.049 100.684 0.064
201509 0.001 100.392 0.001
201512 -0.007 99.792 -0.009
201603 -0.015 100.470 -0.020
201606 0.015 101.688 0.019
201609 0.039 101.861 0.050
201612 0.334 101.863 0.432
201703 -0.086 102.862 -0.110
201706 0.006 103.349 0.008
201709 -0.011 104.136 -0.014
201712 0.093 104.011 0.118
201803 -0.005 105.290 -0.006
201806 -0.091 106.317 -0.113
201809 0.039 106.507 0.048
201812 0.033 105.998 0.041
201903 0.007 107.251 0.009
201906 0.049 108.070 0.060
201909 0.037 108.329 0.045
201912 0.076 108.420 0.092
202003 0.024 108.902 0.029
202006 0.005 108.767 0.006
202009 0.016 109.815 0.019
202012 0.306 109.897 0.367
202103 -0.101 111.754 -0.119
202106 0.155 114.631 0.178
202109 0.107 115.734 0.122
202112 -0.060 117.630 -0.067
202203 0.448 121.301 0.487
202206 0.770 125.017 0.812
202209 0.027 125.227 0.028
202212 1.093 125.222 1.150
202303 0.014 127.348 0.014
202306 -0.447 128.729 -0.458
202309 0.871 129.860 0.884
202312 0.414 129.419 0.422
202403 0.002 131.776 0.002

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.


Turkiye Kalkinma Bankasi AS  (IST:KLNMA) 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.


Turkiye Kalkinma Bankasi AS Cyclically Adjusted Price-to-FCF Related Terms

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Turkiye Kalkinma Bankasi AS (IST:KLNMA) Business Description

Traded in Other Exchanges
N/A
Address
Necatibey Caddesi No. 98, Kizilay, Ankara, TUR, 06100
Turkiye Kalkinma Bankasi AS is a Turkish banking service provider, which specializes in investment banking and financing activities primarily to the industrial, tourism and energy sectors. Under the investment banking division, the company provides places activities such as investment services, which cover treasury bills, repo, Kalkinma funds, money transfer, and apex banking activities. It also conducts certain activities under financing services such as Kalkinma working capital loan, World bank renewable energy and energy efficiency loan, European investment bank small and medium enterprises (SME) development loan, Islamic development bank investment loan and world bank SME-II Apex loan.

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