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Bank Leumi Le-Israel BM (XTAE:LUMI) Cyclically Adjusted FCF per Share : ₪4.99 (As of Dec. 2023)


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What is Bank Leumi Le-Israel BM 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.

Bank Leumi Le-Israel BM's adjusted free cash flow per share for the three months ended in Dec. 2023 was ₪-0.679. 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 ₪4.99 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Bank Leumi Le-Israel BM's average Cyclically Adjusted FCF Growth Rate was -2.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.40% 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 Bank Leumi Le-Israel BM was -1.40% per year. The lowest was -1.50% per year. And the median was -1.45% per year.

As of today (2024-04-28), Bank Leumi Le-Israel BM's current stock price is ₪28.69. Bank Leumi Le-Israel BM's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₪4.99. Bank Leumi Le-Israel BM's Cyclically Adjusted Price-to-FCF of today is 5.75.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bank Leumi Le-Israel BM was 6.80. The lowest was 3.10. And the median was 5.00.


Bank Leumi Le-Israel BM Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bank Leumi Le-Israel BM'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.

Bank Leumi Le-Israel BM Cyclically Adjusted FCF per Share Chart

Bank Leumi Le-Israel BM 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 5.34 5.20 5.34 5.10 4.99

Bank Leumi Le-Israel BM 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 5.10 5.57 5.87 5.84 4.99

Competitive Comparison of Bank Leumi Le-Israel BM's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Bank Leumi Le-Israel BM'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.


Bank Leumi Le-Israel BM's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Bank Leumi Le-Israel BM's Cyclically Adjusted Price-to-FCF falls into.



Bank Leumi Le-Israel BM 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, Bank Leumi Le-Israel BM'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)
=-0.679/129.4194*129.4194
=-0.679

Current CPI (Dec. 2023) = 129.4194.

Bank Leumi Le-Israel BM Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.755 99.695 -2.278
201406 -5.208 100.560 -6.703
201409 1.461 100.428 1.883
201412 6.216 99.070 8.120
201503 3.901 99.621 5.068
201506 -2.062 100.684 -2.651
201509 3.241 100.392 4.178
201512 8.222 99.792 10.663
201603 2.636 100.470 3.396
201606 3.659 101.688 4.657
201609 -1.682 101.861 -2.137
201612 -0.355 101.863 -0.451
201703 1.045 102.862 1.315
201706 -0.048 103.349 -0.060
201709 2.302 104.136 2.861
201712 0.714 104.011 0.888
201803 -0.190 105.290 -0.234
201806 -0.385 106.317 -0.469
201809 1.986 106.507 2.413
201812 -0.637 105.998 -0.778
201903 4.166 107.251 5.027
201906 1.637 108.070 1.960
201909 1.615 108.329 1.929
201912 0.545 108.420 0.651
202003 -6.181 108.902 -7.346
202006 3.359 108.767 3.997
202009 2.660 109.815 3.135
202012 3.627 109.897 4.271
202103 1.820 111.754 2.108
202106 0.706 114.631 0.797
202109 -0.856 115.734 -0.957
202112 1.531 117.630 1.684
202203 1.666 121.301 1.778
202206 -2.494 125.017 -2.582
202209 0.955 125.227 0.987
202212 3.285 125.222 3.395
202303 2.273 127.348 2.310
202306 -2.767 128.729 -2.782
202309 0.540 129.860 0.538
202312 -0.679 129.419 -0.679

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


Bank Leumi Le-Israel BM  (XTAE:LUMI) 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.

Bank Leumi Le-Israel BM's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=28.69/4.99
=5.75

* 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 Bank Leumi Le-Israel BM was 6.80. The lowest was 3.10. And the median was 5.00.


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.


Bank Leumi Le-Israel BM Cyclically Adjusted FCF per Share Related Terms

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


Bank Leumi Le-Israel BM (XTAE:LUMI) Business Description

Industry
Traded in Other Exchanges
Address
24-34 Yehuda Halevi Street, Tel Aviv, ISR, 65546
Bank Leumi Le-Israel BM is an Israeli banking and financial services company. The products and services offered by the company include consumer loans, mortgages, commercial banking services, and capital market services, among others. The company organizes itself into below operating segments: Banking; Mortgages; Commercial; Corporate banking; Real estate; Capital markets and Others. The company generates the majority of its revenue through the provision of banking and services to private customers and small businesses, and a vast majority of its revenue is earned in Israel.

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