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Banco Bilbao Vizcaya Argentaria (Banco Bilbao Vizcaya Argentaria) Cyclically Adjusted Price-to-FCF : 9.81 (As of Apr. 28, 2024)


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What is Banco Bilbao Vizcaya Argentaria Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Banco Bilbao Vizcaya Argentaria's current share price is $11.58. Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.18. Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted Price-to-FCF for today is 9.81.

The historical rank and industry rank for Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BBVA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.33   Med: 6.91   Max: 15.84
Current: 10.3

During the past years, Banco Bilbao Vizcaya Argentaria's highest Cyclically Adjusted Price-to-FCF was 15.84. The lowest was 2.33. And the median was 6.91.

BBVA's Cyclically Adjusted Price-to-FCF is ranked worse than
69.47% of 832 companies
in the Banks industry
Industry Median: 7.405 vs BBVA: 10.30

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.

Banco Bilbao Vizcaya Argentaria's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.874. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Bilbao Vizcaya Argentaria Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted Price-to-FCF 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.

Banco Bilbao Vizcaya Argentaria Cyclically Adjusted Price-to-FCF Chart

Banco Bilbao Vizcaya Argentaria Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.43 7.11 4.04 7.71

Banco Bilbao Vizcaya Argentaria Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF 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 4.04 4.51 7.30 10.12 7.71

Competitive Comparison of Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, Banco Bilbao Vizcaya Argentaria'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.


Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted Price-to-FCF falls into.



Banco Bilbao Vizcaya Argentaria Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.58/1.18
=9.81

* 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.

Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Banco Bilbao Vizcaya Argentaria'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)
=1.874/121.2698*121.2698
=1.874

Current CPI (Dec. 2023) = 121.2698.

Banco Bilbao Vizcaya Argentaria Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.000 100.139 0.000
201406 0.000 101.081 0.000
201409 0.000 100.441 0.000
201412 0.000 100.251 0.000
201503 0.000 99.474 0.000
201506 0.000 101.138 0.000
201509 0.000 99.559 0.000
201512 0.000 100.268 0.000
201603 0.000 98.638 0.000
201606 0.000 100.333 0.000
201609 0.000 99.737 0.000
201612 0.000 101.842 0.000
201703 0.000 100.896 0.000
201706 0.000 101.848 0.000
201709 0.000 101.524 0.000
201712 0.000 102.975 0.000
201803 0.147 102.122 0.175
201806 -1.123 104.165 -1.307
201809 0.000 103.818 0.000
201812 0.000 104.193 0.000
201903 -1.560 103.488 -1.828
201906 -0.755 104.612 -0.875
201909 0.000 103.905 0.000
201912 0.000 105.015 0.000
202003 1.566 103.469 1.835
202006 2.552 104.254 2.969
202009 1.134 103.521 1.328
202012 0.709 104.456 0.823
202103 -1.521 104.857 -1.759
202106 -0.226 107.102 -0.256
202109 0.325 107.669 0.366
202112 1.101 111.298 1.200
202203 0.570 115.153 0.600
202206 2.442 118.044 2.509
202209 1.208 117.221 1.250
202212 -0.862 117.650 -0.889
202303 0.588 118.948 0.599
202306 -2.090 120.278 -2.107
202309 -0.807 121.343 -0.807
202312 1.874 121.270 1.874

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


Banco Bilbao Vizcaya Argentaria  (NYSE:BBVA) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Banco Bilbao Vizcaya Argentaria Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Banco Bilbao Vizcaya Argentaria (Banco Bilbao Vizcaya Argentaria) Business Description

Address
Calle Azul, 4, Madrid, ESP, 28050
Despite its Spanish origins, BBVA generates only around a quarter of its profits in Spain. We expect that on a normalised basis, BBVA's market-leading Mexican bank should contribute half of its earnings, while its Turkish operation should account for another 15%. The balance of BBVA's earnings comes from smaller operations in South America. BBVA is overwhelmingly a retail and commercial bank, with corporate and investment banking forming a minor part of the overall business. BBVA also offers insurance and investment products through its banking networks.