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Banca Sistema SpA (LTS:0R9H) Cyclically Adjusted Price-to-FCF : 5.22 (As of Sep. 21, 2024)


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What is Banca Sistema SpA Cyclically Adjusted Price-to-FCF?

As of today (2024-09-21), Banca Sistema SpA's current share price is €1.462. Banca Sistema SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was €0.28. Banca Sistema SpA's Cyclically Adjusted Price-to-FCF for today is 5.22.

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

LTS:0R9H' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.27   Med: 5.44   Max: 5.9
Current: 5.31

During the past years, Banca Sistema SpA's highest Cyclically Adjusted Price-to-FCF was 5.90. The lowest was 5.27. And the median was 5.44.

LTS:0R9H's Cyclically Adjusted Price-to-FCF is ranked better than
68.89% of 871 companies
in the Banks industry
Industry Median: 8.6 vs LTS:0R9H: 5.31

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.

Banca Sistema SpA's adjusted free cash flow per share data for the three months ended in Jun. 2024 was €0.287. 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 €0.28 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banca Sistema SpA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Banca Sistema SpA'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.

Banca Sistema SpA Cyclically Adjusted Price-to-FCF Chart

Banca Sistema SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Banca Sistema SpA Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - - - - 5.24

Competitive Comparison of Banca Sistema SpA's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Banca Sistema SpA'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.


Banca Sistema SpA's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Banca Sistema SpA's Cyclically Adjusted Price-to-FCF falls into.



Banca Sistema SpA 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.

Banca Sistema SpA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.462/0.28
=5.22

* 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.

Banca Sistema SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Banca Sistema SpA's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.287/120.7000*120.7000
=0.287

Current CPI (Jun. 2024) = 120.7000.

Banca Sistema SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.000 99.814 0.000
201412 0.001 99.721 0.001
201503 0.025 99.814 0.030
201506 -0.454 100.279 -0.546
201509 -0.001 100.000 -0.001
201512 0.002 99.814 0.002
201603 -0.001 99.600 -0.001
201606 0.022 99.900 0.027
201609 0.001 100.100 0.001
201612 -0.001 100.300 -0.001
201703 0.000 101.000 0.000
201706 0.081 101.100 0.097
201709 0.000 101.200 0.000
201712 0.000 101.200 0.000
201803 0.002 101.800 0.002
201806 0.101 102.400 0.119
201809 0.002 102.600 0.002
201812 -0.017 102.300 -0.020
201903 -0.022 102.800 -0.026
201906 0.077 103.100 0.090
201909 0.006 102.900 0.007
201912 0.021 102.800 0.025
202003 0.000 102.900 0.000
202006 0.001 102.900 0.001
202009 0.075 102.300 0.088
202012 0.091 102.600 0.107
202103 -0.066 103.700 -0.077
202106 -0.583 104.200 -0.675
202109 -0.128 104.900 -0.147
202112 1.814 106.600 2.054
202203 0.563 110.400 0.616
202206 -1.805 112.500 -1.937
202209 0.983 114.200 1.039
202212 -0.263 119.000 -0.267
202303 -0.917 118.800 -0.932
202306 1.536 119.700 1.549
202309 -0.268 120.300 -0.269
202312 1.191 119.700 1.201
202403 -0.054 120.200 -0.054
202406 0.287 120.700 0.287

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.


Banca Sistema SpA  (LTS:0R9H) 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.


Banca Sistema SpA Cyclically Adjusted Price-to-FCF Related Terms

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


Banca Sistema SpA Business Description

Industry
Traded in Other Exchanges
Address
Largo Augusto 1/A, At the corner of Via Verziere 13, Milan, ITA, 20122
Banca Sistema SpA provides factoring and banking services. It is specialized in the acquisition, management, and financing of receivables. The firm's products and services comprise current accounts, time deposits, funding for SME, non-recourse factoring, credit management, and payment services. Segment reporting of the company includes following divisions: Factoring Division includes the business related to the origination of trade and tax receivables with and without recourse and the management. CQ Division, which includes the business related to the purchase of salary- and pension-backed loans. Collateralized Lending Division includes the business related to collateral backed loans. Corporate Division includes activities related to the management of the Group's financial resources.

Banca Sistema SpA Headlines

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