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Customers Bancorp (FRA:334) Cyclically Adjusted FCF per Share : €-0.55 (As of Dec. 2023)


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What is Customers Bancorp 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.

Customers Bancorp's adjusted free cash flow per share for the three months ended in Dec. 2023 was €-3.917. 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 €-0.55 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Customers Bancorp's average Cyclically Adjusted FCF Growth Rate was -121.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 53.00% 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 Customers Bancorp was 53.00% per year. The lowest was 53.00% per year. And the median was 53.00% per year.

As of today (2024-04-28), Customers Bancorp's current stock price is €46.20. Customers Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €-0.55. Customers Bancorp's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Customers Bancorp was 115.24. The lowest was 6.62. And the median was 13.23.


Customers Bancorp Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Customers Bancorp'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.

Customers Bancorp Cyclically Adjusted FCF per Share Chart

Customers Bancorp 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 - -4.51 -5.00 2.57 -0.55

Customers Bancorp 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 2.57 1.97 2.53 0.44 -0.55

Competitive Comparison of Customers Bancorp's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Customers Bancorp'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.


Customers Bancorp's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Customers Bancorp's Cyclically Adjusted Price-to-FCF falls into.



Customers Bancorp 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, Customers Bancorp'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)
=-3.917/129.4194*129.4194
=-3.917

Current CPI (Dec. 2023) = 129.4194.

Customers Bancorp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 2.140 99.695 2.778
201406 -10.074 100.560 -12.965
201409 -4.649 100.428 -5.991
201412 -2.937 99.070 -3.837
201503 -10.605 99.621 -13.777
201506 -8.060 100.684 -10.360
201509 8.742 100.392 11.270
201512 11.619 99.792 15.069
201603 -5.526 100.470 -7.118
201606 -10.055 101.688 -12.797
201609 -0.558 101.861 -0.709
201612 18.558 101.863 23.578
201703 0.548 102.862 0.689
201706 -0.236 103.349 -0.296
201709 0.464 104.136 0.577
201712 0.240 104.011 0.299
201803 0.762 105.290 0.937
201806 0.742 106.317 0.903
201809 0.406 106.507 0.493
201812 -0.458 105.998 -0.559
201903 -0.392 107.251 -0.473
201906 0.141 108.070 0.169
201909 0.314 108.329 0.375
201912 0.739 108.420 0.882
202003 -1.200 108.902 -1.426
202006 2.020 108.767 2.404
202009 0.734 109.815 0.865
202012 1.687 109.897 1.987
202103 4.411 111.754 5.108
202106 2.095 114.631 2.365
202109 -0.577 115.734 -0.645
202112 0.093 117.630 0.102
202203 3.009 121.301 3.210
202206 0.654 125.017 0.677
202209 1.541 125.227 1.593
202212 -9.186 125.222 -9.494
202303 0.443 127.348 0.450
202306 2.239 128.729 2.251
202309 3.904 129.860 3.891
202312 -3.917 129.419 -3.917

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


Customers Bancorp  (FRA:334) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Customers Bancorp was 115.24. The lowest was 6.62. And the median was 13.23.


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.


Customers Bancorp Cyclically Adjusted FCF per Share Related Terms

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


Customers Bancorp (FRA:334) Business Description

Industry
Traded in Other Exchanges
Address
701 Reading Avenue, West Reading, PA, USA, 19611
Customers Bancorp Inc is a bank holding company engaged in banking activities. It provides financial products and services to small and middle-market businesses, not-for-profits, and consumers. The company operates in Lending Activities, Commercial Lending, Consumer Lending, Private Banking, Deposit Products, Other Funding Sources, and Financial Products and Services. The majority of revenue is derived from commercial lending.

Customers Bancorp (FRA:334) Headlines

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