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Mizrahi Tefahot Bank (XTAE:MZTF) Cyclically Adjusted Price-to-FCF : 9.58 (As of May. 22, 2024)


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What is Mizrahi Tefahot Bank Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Mizrahi Tefahot Bank's current share price is ₪135.30. Mizrahi Tefahot Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2023 was ₪14.13. Mizrahi Tefahot Bank's Cyclically Adjusted Price-to-FCF for today is 9.58.

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

XTAE:MZTF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.26   Med: 7.71   Max: 10.16
Current: 9.43

During the past years, Mizrahi Tefahot Bank's highest Cyclically Adjusted Price-to-FCF was 10.16. The lowest was 5.26. And the median was 7.71.

XTAE:MZTF's Cyclically Adjusted Price-to-FCF is ranked worse than
63.64% of 836 companies
in the Banks industry
Industry Median: 7.425 vs XTAE:MZTF: 9.43

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.

Mizrahi Tefahot Bank's adjusted free cash flow per share data for the three months ended in Jun. 2023 was ₪13.872. 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 ₪14.13 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mizrahi Tefahot Bank Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mizrahi Tefahot 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.

Mizrahi Tefahot Bank Cyclically Adjusted Price-to-FCF Chart

Mizrahi Tefahot 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 - 6.07 9.05 6.73 -

Mizrahi Tefahot Bank Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 7.37 6.73 7.01 8.73 -

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

For the Banks - Regional subindustry, Mizrahi Tefahot 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.


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

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

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



Mizrahi Tefahot 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=135.30/14.13
=9.58

* 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.

Mizrahi Tefahot Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Mizrahi Tefahot Bank's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=13.872/128.7287*128.7287
=13.872

Current CPI (Jun. 2023) = 128.7287.

Mizrahi Tefahot Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201309 -8.413 98.790 -10.963
201312 15.439 98.326 20.213
201403 15.833 99.695 20.444
201406 -0.507 100.560 -0.649
201409 -2.234 100.428 -2.864
201412 4.747 99.070 6.168
201503 -10.860 99.621 -14.033
201506 1.041 100.684 1.331
201509 -20.813 100.392 -26.688
201512 34.343 99.792 44.301
201603 -1.059 100.470 -1.357
201606 1.440 101.688 1.823
201609 6.306 101.861 7.969
201612 4.203 101.863 5.312
201703 5.008 102.862 6.267
201706 -1.941 103.349 -2.418
201709 2.644 104.136 3.268
201712 3.170 104.011 3.923
201803 2.232 105.290 2.729
201806 2.343 106.317 2.837
201809 4.037 106.507 4.879
201812 2.975 105.998 3.613
201903 3.829 107.251 4.596
201906 2.562 108.070 3.052
201909 3.817 108.329 4.536
201912 0.756 108.420 0.898
202003 0.271 108.902 0.320
202006 6.930 108.767 8.202
202009 1.463 109.815 1.715
202012 10.675 109.897 12.504
202103 3.773 111.754 4.346
202106 5.013 114.631 5.629
202109 -6.797 115.734 -7.560
202112 12.504 117.630 13.684
202203 -1.090 121.301 -1.157
202206 13.559 125.017 13.962
202209 -6.055 125.227 -6.224
202212 4.286 125.222 4.406
202303 -11.453 127.348 -11.577
202306 13.872 128.729 13.872

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.


Mizrahi Tefahot Bank  (XTAE:MZTF) 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.


Mizrahi Tefahot Bank Cyclically Adjusted Price-to-FCF Related Terms

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


Mizrahi Tefahot Bank (XTAE:MZTF) Business Description

Traded in Other Exchanges
Address
7 Jabotinsky Street, P.O. Box 3450, Ramat Gan, ISR, 5252007
Mizrahi Tefahot Bank Ltd offers commercial and personal banking services. The company reports seven core segments: household, consisting of individuals with assets less than ILS 3 million in assets; private banking, consisting of individuals with financial assets greater than ILS 3 million; micro and small business; medium business; large business; institutional investor, servicing asset managers, fund managers, and insurance companies; and financial management, including trade operations, asset, and liability management, and miscellaneous investments. Approximately half of the company's total revenue comes from the household segment. The company operates through a branch network spanning Israel, Europe, and the Americas.

Mizrahi Tefahot Bank (XTAE:MZTF) Headlines

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