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PKO Bank Polski (PKO Bank Polski) Cyclically Adjusted FCF per Share : $1.51 (As of Dec. 2023)


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What is PKO Bank Polski 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.

PKO Bank Polski's adjusted free cash flow per share for the three months ended in Dec. 2023 was $3.744. 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 $1.51 for the trailing ten years ended in Dec. 2023.

During the past 12 months, PKO Bank Polski's average Cyclically Adjusted FCF Growth Rate was 35.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 34.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 38.10% 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 PKO Bank Polski was 41.10% per year. The lowest was 31.50% per year. And the median was 37.05% per year.

As of today (2024-04-28), PKO Bank Polski's current stock price is $4.25. PKO Bank Polski's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.51. PKO Bank Polski's Cyclically Adjusted Price-to-FCF of today is 2.81.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PKO Bank Polski was 19.02. The lowest was 1.65. And the median was 4.67.


PKO Bank Polski Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PKO Bank Polski'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.

PKO Bank Polski Cyclically Adjusted FCF per Share Chart

PKO Bank Polski 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 1.44 1.36 2.35 1.86 1.51

PKO Bank Polski 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 1.86 2.15 1.82 1.96 1.51

Competitive Comparison of PKO Bank Polski's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, PKO Bank Polski'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.


PKO Bank Polski's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



PKO Bank Polski 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, PKO Bank Polski'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)
=3.744/147.5783*147.5783
=3.744

Current CPI (Dec. 2023) = 147.5783.

PKO Bank Polski Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.217 101.262 1.774
201406 -1.490 101.180 -2.173
201409 0.198 100.611 0.290
201412 0.315 100.122 0.464
201503 0.318 100.041 0.469
201506 0.959 100.448 1.409
201509 -0.330 99.634 -0.489
201512 1.939 99.471 2.877
201603 0.997 98.983 1.486
201606 -0.265 99.552 -0.393
201609 0.248 99.064 0.369
201612 0.276 100.366 0.406
201703 0.346 101.018 0.505
201706 -0.040 101.180 -0.058
201709 0.738 101.343 1.075
201712 2.349 102.564 3.380
201803 -1.183 102.564 -1.702
201806 -0.373 103.378 -0.532
201809 0.558 103.378 0.797
201812 2.956 103.785 4.203
201903 -0.940 104.274 -1.330
201906 -0.371 105.983 -0.517
201909 0.898 105.983 1.250
201912 1.166 107.123 1.606
202003 1.302 109.076 1.762
202006 3.869 109.402 5.219
202009 0.301 109.320 0.406
202012 0.794 109.565 1.069
202103 1.253 112.658 1.641
202106 1.167 113.960 1.511
202109 0.778 115.588 0.993
202112 3.097 119.088 3.838
202203 -0.359 125.031 -0.424
202206 1.544 131.705 1.730
202209 2.060 135.531 2.243
202212 0.223 139.113 0.237
202303 0.337 145.950 0.341
202306 2.294 147.009 2.303
202309 2.564 146.113 2.590
202312 3.744 147.578 3.744

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


PKO Bank Polski  (OTCPK:PSZKF) 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.

PKO Bank Polski's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.25/1.51
=2.81

* 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 PKO Bank Polski was 19.02. The lowest was 1.65. And the median was 4.67.


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.


PKO Bank Polski Cyclically Adjusted FCF per Share Related Terms

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


PKO Bank Polski (PKO Bank Polski) Business Description

Industry
Traded in Other Exchanges
Address
Pu?awska street 15, Warsaw, POL, 02-515
PKO Bank Polski SA is a universal banking group operating primarily in Poland, with subsidiaries in the Ukraine and Sweden. The bank's corporate strategy places a premium on organic growth and acquisitions. It has a strong presence in retail deposits, mortgage loans, consumer finance, corporate deposits, corporate loans, and asset management. Majority of its net revenue is net interest income, overwhelmingly derived from customer loans. Net fees and commissions, in contrast, are diversified across loans and insurance, mutual funds and brokerage, cards, and customer accounts. The bank has an appreciably large portion of its deposit base originating from retail clients in relation to competitors.