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First Financial Holding Co (TPE:2892) Cyclically Adjusted Price-to-FCF : 27.83 (As of Jun. 04, 2024)


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What is First Financial Holding Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), First Financial Holding Co's current share price is NT$27.55. First Financial Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.99. First Financial Holding Co's Cyclically Adjusted Price-to-FCF for today is 27.83.

The historical rank and industry rank for First Financial Holding Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TPE:2892' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.64   Med: 19.6   Max: 30.85
Current: 27.76

During the past years, First Financial Holding Co's highest Cyclically Adjusted Price-to-FCF was 30.85. The lowest was 12.64. And the median was 19.60.

TPE:2892's Cyclically Adjusted Price-to-FCF is ranked worse than
94.56% of 827 companies
in the Banks industry
Industry Median: 7.43 vs TPE:2892: 27.76

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.

First Financial Holding Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-4.127. 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 NT$0.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Financial Holding Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Financial Holding Co'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.

First Financial Holding Co Cyclically Adjusted Price-to-FCF Chart

First Financial Holding Co 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 16.09 20.87 14.87 13.47 16.40

First Financial Holding Co 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 19.03 20.17 22.92 16.40 27.96

Competitive Comparison of First Financial Holding Co's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, First Financial Holding Co'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.


First Financial Holding Co's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where First Financial Holding Co's Cyclically Adjusted Price-to-FCF falls into.



First Financial Holding Co 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.

First Financial Holding Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=27.55/0.99
=27.83

* 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.

First Financial Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, First Financial Holding Co'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)
=-4.127/131.7762*131.7762
=-4.127

Current CPI (Mar. 2024) = 131.7762.

First Financial Holding Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.101 100.560 2.753
201409 -2.501 100.428 -3.282
201412 0.184 99.070 0.245
201503 2.055 99.621 2.718
201506 3.358 100.684 4.395
201509 -0.574 100.392 -0.753
201512 -0.893 99.792 -1.179
201603 -2.198 100.470 -2.883
201606 -1.048 101.688 -1.358
201609 1.095 101.861 1.417
201612 0.343 101.863 0.444
201703 -1.545 102.862 -1.979
201706 -0.738 103.349 -0.941
201709 0.389 104.136 0.492
201712 1.081 104.011 1.370
201803 -1.381 105.290 -1.728
201806 6.993 106.317 8.668
201809 -2.885 106.507 -3.569
201812 -1.776 105.998 -2.208
201903 -1.065 107.251 -1.309
201906 -0.318 108.070 -0.388
201909 2.531 108.329 3.079
201912 4.204 108.420 5.110
202003 -5.743 108.902 -6.949
202006 -1.049 108.767 -1.271
202009 5.153 109.815 6.184
202012 -2.178 109.897 -2.612
202103 2.315 111.754 2.730
202106 -1.445 114.631 -1.661
202109 1.074 115.734 1.223
202112 3.979 117.630 4.458
202203 -0.965 121.301 -1.048
202206 -1.657 125.017 -1.747
202209 1.196 125.227 1.259
202212 3.343 125.222 3.518
202303 -2.757 127.348 -2.853
202306 -1.275 128.729 -1.305
202309 -0.510 129.860 -0.518
202312 5.417 129.419 5.516
202403 -4.127 131.776 -4.127

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.


First Financial Holding Co  (TPE:2892) 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.


First Financial Holding Co Cyclically Adjusted Price-to-FCF Related Terms

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First Financial Holding Co (TPE:2892) Business Description

Traded in Other Exchanges
N/A
Address
No. 30, Chongqing South Road, 18th Floor, Section 1, Taipei, TWN, 100
First Financial Holding Co Ltd is a financial services holding company that consists of various subsidiaries. Most of the company's activities are overwhelmingly concentrated in Taiwan. Its largest revenue-contributing subsidiary, First Bank, derives most of its net revenue from net interest income. First Bank's expansion strategy targets China and Southeast Asia, as well as developed economies across the globe. First Bank emphasizes distribution chain financing and has adjusted its loan portfolio away from capital-intensive lending, together with a focus on fee-based businesses. The company also engages in asset management, securities trading, brokerage services, insurance, venture capital, consulting, and distressed asset investing.

First Financial Holding Co (TPE:2892) Headlines

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