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Svenska Handelsbanken AB (OSTO:SHB A) Cyclically Adjusted Price-to-FCF : 14.64 (As of May. 21, 2024)


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

As of today (2024-05-21), Svenska Handelsbanken AB's current share price is kr99.40. Svenska Handelsbanken AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr6.79. Svenska Handelsbanken AB's Cyclically Adjusted Price-to-FCF for today is 14.64.

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

OSTO:SHB A' 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.

OSTO:SHB A's Cyclically Adjusted Price-to-FCF is ranked worse than
82.97% of 834 companies
in the Banks industry
Industry Median: 7.51 vs OSTO:SHB A: 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 kr51.538. 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 kr6.79 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
=99.40/6.79
=14.64

* 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)
=51.538/132.2054*132.2054
=51.538

Current CPI (Mar. 2024) = 132.2054.

Svenska Handelsbanken AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 21.450 100.432 28.236
201409 -18.522 100.161 -24.448
201412 13.021 100.225 17.176
201503 -0.580 99.950 -0.767
201506 -12.772 99.995 -16.886
201509 -1.021 100.228 -1.347
201512 -124.318 100.276 -163.903
201603 146.364 100.751 192.058
201606 7.803 101.019 10.212
201609 -75.648 101.138 -98.886
201612 -76.867 102.022 -99.609
201703 95.623 102.022 123.914
201706 36.512 102.752 46.978
201709 -30.978 103.279 -39.654
201712 -81.678 103.793 -104.037
201803 23.526 103.962 29.917
201806 42.891 104.875 54.069
201809 -8.850 105.679 -11.071
201812 -19.498 105.912 -24.339
201903 25.588 105.886 31.948
201906 -42.139 106.742 -52.192
201909 16.629 107.214 20.505
201912 10.093 107.766 12.382
202003 138.553 106.563 171.894
202006 20.370 107.498 25.052
202009 -41.080 107.635 -50.457
202012 -74.650 108.296 -91.131
202103 141.808 108.360 173.015
202106 -37.262 108.928 -45.225
202109 5.646 110.338 6.765
202112 -86.128 112.486 -101.227
202203 59.718 114.825 68.757
202206 31.780 118.384 35.490
202209 -27.543 122.296 -29.775
202212 -84.053 126.365 -87.938
202303 -2.786 127.042 -2.899
202306 17.719 129.407 18.102
202309 -12.948 130.224 -13.145
202312 8.791 131.912 8.811
202403 51.538 132.205 51.538

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  (OSTO:SHB A) 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 (OSTO:SHB A) 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 (OSTO:SHB A) Headlines

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