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Van Lanschot Kempen NV (STU:VA3) Cyclically Adjusted Price-to-FCF : 2.38 (As of Jun. 09, 2024)


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What is Van Lanschot Kempen NV Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Van Lanschot Kempen NV's current share price is €37.15. Van Lanschot Kempen NV's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was €15.58. Van Lanschot Kempen NV's Cyclically Adjusted Price-to-FCF for today is 2.38.

The historical rank and industry rank for Van Lanschot Kempen NV's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

STU:VA3' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.68   Med: 2.79   Max: 23.6
Current: 2.33

During the past 13 years, Van Lanschot Kempen NV's highest Cyclically Adjusted Price-to-FCF was 23.60. The lowest was 1.68. And the median was 2.79.

STU:VA3's Cyclically Adjusted Price-to-FCF is ranked better than
85.89% of 829 companies
in the Banks industry
Industry Median: 7.33 vs STU:VA3: 2.33

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.

Van Lanschot Kempen NV's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was €5.904. 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 €15.58 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Van Lanschot Kempen NV Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Van Lanschot Kempen NV'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.

Van Lanschot Kempen NV Cyclically Adjusted Price-to-FCF Chart

Van Lanschot Kempen NV 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 3.61 2.20 1.95 1.76 1.78

Van Lanschot Kempen NV Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 1.95 - 1.76 - 1.78

Competitive Comparison of Van Lanschot Kempen NV's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Van Lanschot Kempen NV'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.


Van Lanschot Kempen NV's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Van Lanschot Kempen NV's Cyclically Adjusted Price-to-FCF falls into.



Van Lanschot Kempen NV 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.

Van Lanschot Kempen NV's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=37.15/15.58
=2.38

* 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.

Van Lanschot Kempen NV's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Van Lanschot Kempen NV's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=5.904/126.4500*126.4500
=5.904

Current CPI (Dec23) = 126.4500.

Van Lanschot Kempen NV Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 32.970 99.050 42.090
201512 -0.472 99.730 -0.598
201612 2.446 100.710 3.071
201712 2.907 101.970 3.605
201812 14.372 103.970 17.479
201912 14.724 106.800 17.433
202012 27.748 107.850 32.533
202112 28.446 114.010 31.550
202212 5.160 124.940 5.222
202312 5.904 126.450 5.904

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.


Van Lanschot Kempen NV  (STU:VA3) 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.


Van Lanschot Kempen NV Cyclically Adjusted Price-to-FCF Related Terms

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


Van Lanschot Kempen NV (STU:VA3) Business Description

Industry
Traded in Other Exchanges
Address
Hooge Steenweg 29, 's-Hertogenbosch, NLD, 5211 JN
Van Lanschot Kempen NV is an independent wealth management bank operating primarily in the Netherlands. Its key areas of service include private banking, Evi, asset management, and merchant banking, which drive the vast majority of operating income. most of the bank's earning assets are loans and advances, a majority of which are mortgages. The bank seeks to differentiate itself from traditional competitors with its focus on niche markets and brand recognition. Private banking is the bank's largest core segment. Its private banking customers are mostly entrepreneurs, family businesses, business professionals, executives, and high-net-worth individuals. The most notable portion of the bank's corporate lending book is in the real estate industry.

Van Lanschot Kempen NV (STU:VA3) Headlines

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