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Fidelity Bank (NSA:FBP) Cyclically Adjusted Price-to-FCF : 6.10 (As of Sep. 21, 2024)


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What is Fidelity Bank Cyclically Adjusted Price-to-FCF?

As of today (2024-09-21), Fidelity Bank's current share price is ₦13.60. Fidelity Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₦2.23. Fidelity Bank's Cyclically Adjusted Price-to-FCF for today is 6.10.

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

NSA:FBP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.51   Med: 3.18   Max: 7.99
Current: 4.9

During the past years, Fidelity Bank's highest Cyclically Adjusted Price-to-FCF was 7.99. The lowest was 1.51. And the median was 3.18.

NSA:FBP's Cyclically Adjusted Price-to-FCF is ranked better than
71.87% of 871 companies
in the Banks industry
Industry Median: 8.6 vs NSA:FBP: 4.90

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.

Fidelity Bank's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₦-7.016. 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 ₦2.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fidelity Bank Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fidelity Bank'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.

Fidelity Bank Cyclically Adjusted Price-to-FCF Chart

Fidelity Bank 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 - - 6.24 2.82 3.42

Fidelity Bank 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 1.59 2.79 2.83 3.42 4.48

Competitive Comparison of Fidelity Bank's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Fidelity Bank'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.


Fidelity Bank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Fidelity Bank 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.

Fidelity Bank's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=13.60/2.23
=6.10

* 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.

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

For example, Fidelity Bank'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)
=-7.016/131.7762*131.7762
=-7.016

Current CPI (Mar. 2024) = 131.7762.

Fidelity Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.643 100.560 -3.463
201409 0.346 100.428 0.454
201412 1.310 99.070 1.742
201503 2.214 99.621 2.929
201506 -7.361 100.684 -9.634
201509 4.808 100.392 6.311
201512 0.000 99.792 0.000
201603 0.521 100.470 0.683
201606 -1.554 101.688 -2.014
201609 -1.089 101.861 -1.409
201612 -2.282 101.863 -2.952
201703 -1.352 102.862 -1.732
201706 1.201 103.349 1.531
201709 0.502 104.136 0.635
201712 -1.703 104.011 -2.158
201803 4.071 105.290 5.095
201806 -1.596 106.317 -1.978
201809 1.897 106.507 2.347
201812 1.316 105.998 1.636
201903 3.104 107.251 3.814
201906 -4.493 108.070 -5.479
201909 1.054 108.329 1.282
201912 -0.802 108.420 -0.975
202003 0.296 108.902 0.358
202006 0.277 108.767 0.336
202009 0.802 109.815 0.962
202012 6.491 109.897 7.783
202103 -0.867 111.754 -1.022
202106 -0.327 114.631 -0.376
202109 1.314 115.734 1.496
202112 -3.980 117.630 -4.459
202203 5.798 121.301 6.299
202206 1.755 125.017 1.850
202209 -1.143 125.227 -1.203
202212 3.227 125.222 3.396
202303 15.981 127.348 16.537
202306 -7.210 128.729 -7.381
202309 4.356 129.860 4.420
202312 3.083 129.419 3.139
202403 -7.016 131.776 -7.016

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.


Fidelity Bank  (NSA:FBP) 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.


Fidelity Bank Cyclically Adjusted Price-to-FCF Related Terms

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


Fidelity Bank Business Description

Industry
Traded in Other Exchanges
N/A
Address
2 Kofo Abayomi Street, Fidelity Place, Victoria Island, Lagos, NGA
Fidelity Bank PLC is a Nigerian based bank that offers banking and other financial services to corporate and individual customers. It operates through segments including Retail banking that offers retail, personal and commercial services to individuals, small and medium business customers and E-Business products to serve retail banking. Its Corporate Banking segment offers commercial and corporate banking services to corporate business customers, it covers the Power and Infrastructure, Oil and Gas Upstream and downstream, Real Estate, Agro-Allied, and other industries. Investment banking segment is involved in the funding and management of the bank's securities, trading, and investment decisions.