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Banco Comercial Portugues (Banco Comercial Portugues) Cyclically Adjusted FCF per Share : $0.40 (As of Dec. 2023)


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What is Banco Comercial Portugues Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Banco Comercial Portugues's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.176. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.40 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Banco Comercial Portugues's average Cyclically Adjusted FCF Growth Rate was -35.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Banco Comercial Portugues was -5.80% per year. The lowest was -12.00% per year. And the median was -8.90% per year.

As of today (2024-04-30), Banco Comercial Portugues's current stock price is $0.323. Banco Comercial Portugues's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.40. Banco Comercial Portugues's Cyclically Adjusted Price-to-FCF of today is 0.81.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Banco Comercial Portugues was 0.96. The lowest was 0.11. And the median was 0.22.


Banco Comercial Portugues Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Banco Comercial Portugues's Cyclically Adjusted FCF per Share 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.

Banco Comercial Portugues Cyclically Adjusted FCF per Share Chart

Banco Comercial Portugues Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 - 1.17 0.51 0.40

Banco Comercial Portugues Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 0.51 0.53 0.36 0.35 0.40

Competitive Comparison of Banco Comercial Portugues's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Banco Comercial Portugues'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.


Banco Comercial Portugues's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Banco Comercial Portugues's Cyclically Adjusted Price-to-FCF falls into.



Banco Comercial Portugues Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Banco Comercial Portugues's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.176/118.0324*118.0324
=0.176

Current CPI (Dec. 2023) = 118.0324.

Banco Comercial Portugues Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.353 99.788 -0.418
201406 1.298 99.967 1.533
201409 -0.257 99.617 -0.305
201412 0.191 99.723 0.226
201503 -0.186 100.097 -0.219
201506 0.676 100.769 0.792
201509 -0.106 100.489 -0.125
201512 -0.105 100.119 -0.124
201603 1.146 100.547 1.345
201606 0.181 101.319 0.211
201609 0.255 101.122 0.298
201612 0.002 100.998 0.002
201703 -0.008 101.924 -0.009
201706 0.116 102.240 0.134
201709 0.053 102.527 0.061
201712 -0.130 102.479 -0.150
201803 0.078 102.626 0.090
201806 0.087 103.790 0.099
201809 0.006 103.960 0.007
201812 0.130 103.159 0.149
201903 -0.032 103.495 -0.036
201906 -0.016 104.192 -0.018
201909 0.024 103.844 0.027
201912 0.054 103.592 0.062
202003 0.000 103.544 0.000
202006 0.000 104.323 0.000
202009 0.000 103.699 0.000
202012 0.000 103.354 0.000
202103 0.180 104.014 0.204
202106 0.036 104.852 0.041
202109 0.008 105.232 0.009
202112 0.112 106.191 0.124
202203 0.119 109.559 0.128
202206 0.056 114.003 0.058
202209 -0.345 114.999 -0.354
202212 0.149 116.377 0.151
202303 -0.064 117.701 -0.064
202306 0.121 117.872 0.121
202309 0.044 119.111 0.044
202312 0.176 118.032 0.176

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Banco Comercial Portugues  (OTCPK:BPCGF) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Banco Comercial Portugues's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.323/0.4
=0.81

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Banco Comercial Portugues was 0.96. The lowest was 0.11. And the median was 0.22.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Banco Comercial Portugues Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Banco Comercial Portugues's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Banco Comercial Portugues (Banco Comercial Portugues) Business Description

Traded in Other Exchanges
Address
Praca D. Joao I, 28, Porto, PRT, 4000-295
Banco Comercial Portugues SA or Millennium BCP, is a Portuguese bank operating primarily in Portugal, as well as Poland, Mozambique, and Angola. The bank offers a wide range of retail and corporate banking products and services. The bank's distribution network includes traditional branches, as well as online banking, call centers, mobile banking, ATMs, and point of sale systems. In addition to its emphasis on financial technology, BCP's business model has shifted focus to high-net worth individuals, business lending with growth potential, as well as divestiture of noncore assets in its portfolio. The bank's net revenue is mostly net interest income, with notable net commission and net trading income. Most of BCP's earning assets are loans split nearly evenly between retail and corporate.

Banco Comercial Portugues (Banco Comercial Portugues) Headlines