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Banco Alfa de Investimento (BSP:BRIV4) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Banco Alfa de Investimento Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Alfa de Investimento Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Banco Alfa de Investimento'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 Alfa de Investimento Cyclically Adjusted Price-to-FCF Chart

Banco Alfa de Investimento 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 - 5.45 2.66 6.49 -

Banco Alfa de Investimento 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 6.49 - 18.40 13.71 -

Competitive Comparison of Banco Alfa de Investimento's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Banco Alfa de Investimento'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 Alfa de Investimento's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Banco Alfa de Investimento's Cyclically Adjusted Price-to-FCF falls into.



Banco Alfa de Investimento 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 Alfa de Investimento's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Banco Alfa de Investimento'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)
=-21.537/156.2729*156.2729
=-21.537

Current CPI (Dec. 2023) = 156.2729.

Banco Alfa de Investimento Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 8.925 90.447 15.420
201406 1.411 91.838 2.401
201409 0.614 92.602 1.036
201412 -8.280 94.194 -13.737
201503 -9.850 97.799 -15.739
201506 4.199 100.006 6.561
201509 -4.065 101.392 -6.265
201512 1.567 104.247 2.349
201603 -0.725 106.979 -1.059
201606 4.888 108.851 7.018
201609 1.346 109.986 1.912
201612 -1.358 110.802 -1.915
201703 -11.399 111.869 -15.924
201706 -1.548 112.115 -2.158
201709 5.539 112.777 7.675
201712 -5.274 114.068 -7.225
201803 17.582 114.868 23.920
201806 -12.711 117.038 -16.972
201809 22.197 117.881 29.426
201812 -21.801 118.340 -28.789
201903 3.092 120.124 4.022
201906 -1.485 120.977 -1.918
201909 -1.682 121.292 -2.167
201912 3.069 123.436 3.885
202003 0.326 124.092 0.411
202006 34.646 123.557 43.820
202009 -15.419 125.095 -19.262
202012 -1.185 129.012 -1.435
202103 -5.090 131.660 -6.042
202106 37.084 133.871 43.290
202109 -19.545 137.913 -22.147
202112 -8.472 141.992 -9.324
202203 -10.967 146.537 -11.696
202206 5.769 149.784 6.019
202209 11.930 147.800 12.614
202212 -6.037 150.207 -6.281
202303 -11.696 153.352 -11.919
202306 8.986 154.519 9.088
202309 -4.831 155.464 -4.856
202312 -21.537 156.273 -21.537

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 Alfa de Investimento  (BSP:BRIV4) 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 Alfa de Investimento Cyclically Adjusted Price-to-FCF Related Terms

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Banco Alfa de Investimento (BSP:BRIV4) Business Description

Traded in Other Exchanges
Address
Alameda Santos, 466, Ground Floor, Cerqueira Cesar, Sao Paulo, SP, BRA, 01418-000
Banco Alfa de Investimento SA and its subsidiaries offer financial services regarding credit facilities, treasury, and management of third-party resources. It also holds investments in non-financial areas.

Banco Alfa de Investimento (BSP:BRIV4) Headlines

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