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Home BancShares (Home BancShares) Cyclically Adjusted FCF per Share : $1.92 (As of Dec. 2023)


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What is Home BancShares 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.

Home BancShares's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.563. 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 $1.92 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Home BancShares's average Cyclically Adjusted FCF Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 14.50% 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 Home BancShares was 21.40% per year. The lowest was 12.20% per year. And the median was 13.90% per year.

As of today (2024-04-27), Home BancShares's current stock price is $24.42. Home BancShares's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.92. Home BancShares's Cyclically Adjusted Price-to-FCF of today is 12.72.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Home BancShares was 38.74. The lowest was 8.83. And the median was 19.51.


Home BancShares Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Home BancShares'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.

Home BancShares Cyclically Adjusted FCF per Share Chart

Home BancShares 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 1.21 1.36 1.60 1.80 1.92

Home BancShares Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.83 1.83 1.86 1.92 -

Competitive Comparison of Home BancShares's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Home BancShares'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.


Home BancShares's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Home BancShares 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, Home BancShares'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)
=0.563/129.4194*129.4194
=0.563

Current CPI (Dec. 2023) = 129.4194.

Home BancShares Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.572 99.695 0.743
201406 0.502 100.560 0.646
201409 0.318 100.428 0.410
201412 0.459 99.070 0.600
201503 0.509 99.621 0.661
201506 0.244 100.684 0.314
201509 0.165 100.392 0.213
201512 0.497 99.792 0.645
201603 0.531 100.470 0.684
201606 0.158 101.688 0.201
201609 0.454 101.861 0.577
201612 0.085 101.863 0.108
201703 0.402 102.862 0.506
201706 0.165 103.349 0.207
201709 -0.053 104.136 -0.066
201712 0.352 104.011 0.438
201803 0.508 105.290 0.624
201806 0.390 106.317 0.475
201809 0.544 106.507 0.661
201812 0.256 105.998 0.313
201903 0.453 107.251 0.547
201906 0.223 108.070 0.267
201909 0.385 108.329 0.460
201912 0.323 108.420 0.386
202003 0.648 108.902 0.770
202006 0.105 108.767 0.125
202009 0.394 109.815 0.464
202012 0.547 109.897 0.644
202103 0.713 111.754 0.826
202106 0.534 114.631 0.603
202109 0.530 115.734 0.593
202112 0.522 117.630 0.574
202203 0.532 121.301 0.568
202206 0.042 125.017 0.043
202209 0.824 125.227 0.852
202212 0.681 125.222 0.704
202303 0.567 127.348 0.576
202306 0.237 128.729 0.238
202309 0.463 129.860 0.461
202312 0.563 129.419 0.563

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


Home BancShares  (NYSE:HOMB) 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.

Home BancShares's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=24.42/1.92
=12.72

* 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 Home BancShares was 38.74. The lowest was 8.83. And the median was 19.51.


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.


Home BancShares Cyclically Adjusted FCF per Share Related Terms

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


Home BancShares (Home BancShares) Business Description

Industry
Traded in Other Exchanges
N/A
Address
719 Harkrider, Suite 100, Conway, AR, USA, 72032
Home BancShares Inc is a bank holding company that primarily operates through its wholly owned community bank subsidiary, Centennial Bank. The bank provides a broad range of commercial and retail banking, as well as related financial services, to a diverse customer base. Its customer base includes businesses, real estate developers and investors, individuals, and municipalities. The company's loan portfolio, while diversified, is typically between half and two thirds in commercial real estate loans. The company's strategy emphasizes growth, both through strategic acquisitions and organically within its existing markets. The bank also emphasizes attracting experienced bankers, strong credit quality, and a solid balance sheet. The bank's main source of net revenue is net interest income.
Executives
James Pat Hickman director P.O. BOX 966, CONWAY AR 72033
Adcock Robert H Jr director P O BOX 966, CONWAY AR 72033
Tracy French director, officer: Centennial Bank CEO/ President 78 GREYSTONE BLVD, CABOT AR 72023
Carter Russell Davis Iii officer: Executive Vice President 15 GETTYSBURG SOUTH, CABOT AR 72023
Williamson Kenneth Mikel Jr officer: Centennial Bank Regional Pres. P.O. BOX 966, CONWAY AR 72033
Larry W Ross director P.O. BOX 966, CONWAY AR 72033
Richard H Ashley director 2851 LAKEWOOD VILLAGE DR., NORTH LITTLE ROCK AR 72116
Brian Davis director, officer: Chief Financial Officer 6 GATEWOOD CV, LITTLE ROCK AR 72206
Jim Rankin director P.O. BOX 966, CONWAY AR 72033
Alex R Lieblong director 210 E. ELM STREET, P. O. BOX 7200, EL DORADO AR 71730
John Stephen Tipton officer: Chief Operating Officer P.O. BOX 966, CONWAY AR 72033
Jack Engelkes director P O BOX 1167, CONWAY AR 72032
Jennifer C. Floyd officer: Chief Accounting Officer P.O. BOX 966, CONWAY AR 72033
John W Allison director, officer: Chairman
James G Hinkle director P.O. BOX 1228, MOUNTAIN VIEW AR 72560