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UMB Financial (FRA:UMB) Cyclically Adjusted FCF per Share : €7.19 (As of Dec. 2023)


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What is UMB Financial 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.

UMB Financial's adjusted free cash flow per share for the three months ended in Dec. 2023 was €1.524. 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 €7.19 for the trailing ten years ended in Dec. 2023.

During the past 12 months, UMB Financial's average Cyclically Adjusted FCF Growth Rate was 4.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.80% 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 UMB Financial was 18.10% per year. The lowest was -3.60% per year. And the median was 7.30% per year.

As of today (2024-04-28), UMB Financial's current stock price is €77.00. UMB Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €7.19. UMB Financial's Cyclically Adjusted Price-to-FCF of today is 10.71.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of UMB Financial was 20.13. The lowest was 7.19. And the median was 14.40.


UMB Financial Cyclically Adjusted FCF per Share Historical Data

The historical data trend for UMB Financial'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.

UMB Financial Cyclically Adjusted FCF per Share Chart

UMB Financial 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 4.50 4.34 5.52 7.09 7.19

UMB Financial 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 7.09 6.92 7.06 7.55 7.19

Competitive Comparison of UMB Financial's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, UMB Financial'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.


UMB Financial's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



UMB Financial 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, UMB Financial'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)
=1.524/129.4194*129.4194
=1.524

Current CPI (Dec. 2023) = 129.4194.

UMB Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.396 99.695 -0.514
201406 1.559 100.560 2.006
201409 1.282 100.428 1.652
201412 0.970 99.070 1.267
201503 0.152 99.621 0.197
201506 1.315 100.684 1.690
201509 1.001 100.392 1.290
201512 0.501 99.792 0.650
201603 0.352 100.470 0.453
201606 0.828 101.688 1.054
201609 1.191 101.861 1.513
201612 2.193 101.863 2.786
201703 0.219 102.862 0.276
201706 1.718 103.349 2.151
201709 1.879 104.136 2.335
201712 1.196 104.011 1.488
201803 0.178 105.290 0.219
201806 1.124 106.317 1.368
201809 1.901 106.507 2.310
201812 0.900 105.998 1.099
201903 0.653 107.251 0.788
201906 1.353 108.070 1.620
201909 0.585 108.329 0.699
201912 2.283 108.420 2.725
202003 -0.155 108.902 -0.184
202006 1.379 108.767 1.641
202009 1.804 109.815 2.126
202012 2.467 109.897 2.905
202103 1.904 111.754 2.205
202106 0.884 114.631 0.998
202109 3.135 115.734 3.506
202112 2.868 117.630 3.155
202203 3.485 121.301 3.718
202206 3.916 125.017 4.054
202209 4.190 125.227 4.330
202212 2.457 125.222 2.539
202303 -0.148 127.348 -0.150
202306 2.770 128.729 2.785
202309 4.346 129.860 4.331
202312 1.524 129.419 1.524

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


UMB Financial  (FRA:UMB) 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.

UMB Financial's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=77.00/7.19
=10.71

* 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 UMB Financial was 20.13. The lowest was 7.19. And the median was 14.40.


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.


UMB Financial Cyclically Adjusted FCF per Share Related Terms

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


UMB Financial (FRA:UMB) Business Description

Industry
Traded in Other Exchanges
Address
1010 Grand Boulevard, Kansas, MO, USA, 64106
UMB Financial Corp, or UMBF, is a financial services holding company offering a suite of banking, asset management, and health spending solutions. Its customer base includes commercial, institutional, and personal customers across the United States. The company's banking subsidiaries own and operate banking and wealth-management centres mostly throughout the Midwest and Southwest regions of the U.S. Subsidiaries of the holding company and its lead bank, UMB Bank, include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisory. The bank's revenue is split nearly evenly between interest income and noninterest income.

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