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Oversea-Chinese Banking (SGX:O39) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is Oversea-Chinese Banking Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Oversea-Chinese Banking Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Oversea-Chinese Banking'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.

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Oversea-Chinese Banking Cyclically Adjusted Price-to-FCF Chart

Oversea-Chinese Banking Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Oversea-Chinese Banking Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Oversea-Chinese Banking's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Oversea-Chinese Banking'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.


Oversea-Chinese Banking's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Oversea-Chinese Banking's Cyclically Adjusted Price-to-FCF falls into.



Oversea-Chinese Banking 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.

Oversea-Chinese Banking's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Oversea-Chinese Banking'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)
=0/129.4194*129.4194
=0.000

Current CPI (Dec. 2023) = 129.4194.

Oversea-Chinese Banking Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.839 99.695 -1.089
201406 0.318 100.560 0.409
201409 0.814 100.428 1.049
201412 0.992 99.070 1.296
201503 0.064 99.621 0.083
201506 -1.273 100.684 -1.636
201509 2.306 100.392 2.973
201512 -0.357 99.792 -0.463
201603 -0.245 100.470 -0.316
201606 -0.612 101.688 -0.779
201609 0.510 101.861 0.648
201612 -0.393 101.863 -0.499
201703 -1.164 102.862 -1.465
201706 -1.427 103.349 -1.787
201709 -0.325 104.136 -0.404
201712 0.925 104.011 1.151
201803 1.148 105.290 1.411
201806 -0.936 106.317 -1.139
201809 0.334 106.507 0.406
201812 0.962 105.998 1.175
201903 0.295 107.251 0.356
201906 0.458 108.070 0.548
201909 0.916 108.329 1.094
201912 1.344 108.420 1.604
202003 0.000 108.902 0.000
202006 0.000 108.767 0.000
202009 0.000 109.815 0.000
202012 0.000 109.897 0.000
202103 0.000 111.754 0.000
202106 0.000 114.631 0.000
202109 0.000 115.734 0.000
202112 0.000 117.630 0.000
202203 0.000 121.301 0.000
202206 0.000 125.017 0.000
202209 0.000 125.227 0.000
202212 0.000 125.222 0.000
202303 0.000 127.348 0.000
202306 0.000 128.729 0.000
202309 0.000 129.860 0.000
202312 0.000 129.419 0.000

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.


Oversea-Chinese Banking  (SGX:O39) 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.


Oversea-Chinese Banking Cyclically Adjusted Price-to-FCF Related Terms

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Oversea-Chinese Banking (SGX:O39) Business Description

Traded in Other Exchanges
Address
63 Chulia Street, No. 10-00 OCBC Centre East, Singapore, SGP, 049514
Oversea-Chinese Banking, or OCBC, is the longest-established Singapore bank, founded by the merger of three local banks in 1932. The group's operations include consumer banking; wealth management and private banking (offering through its Bank of Singapore subsidiary); small to midsize enterprise and business banking; corporate and institutional banking; and insurance through majority owned Great Eastern.

Oversea-Chinese Banking (SGX:O39) Headlines

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