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SouthState (SouthState) Cyclically Adjusted Price-to-FCF : 8.74 (As of Apr. 27, 2024)


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What is SouthState Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), SouthState's current share price is $77.95. SouthState's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $8.92. SouthState's Cyclically Adjusted Price-to-FCF for today is 8.74.

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

SSB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.37   Med: 10.61   Max: 14.36
Current: 8.85

During the past years, SouthState's highest Cyclically Adjusted Price-to-FCF was 14.36. The lowest was 5.37. And the median was 10.61.

SSB's Cyclically Adjusted Price-to-FCF is ranked worse than
59.98% of 832 companies
in the Banks industry
Industry Median: 7.405 vs SSB: 8.85

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.

SouthState's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-3.745. 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 $8.92 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


SouthState Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SouthState'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.

SouthState Cyclically Adjusted Price-to-FCF Chart

SouthState 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 11.01 8.96 10.04 8.10 9.46

SouthState 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 8.10 7.50 6.94 6.96 9.46

Competitive Comparison of SouthState's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, SouthState'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.


SouthState's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



SouthState 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.

SouthState's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=77.95/8.92
=8.74

* 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.

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

For example, SouthState'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)
=-3.745/129.4194*129.4194
=-3.745

Current CPI (Dec. 2023) = 129.4194.

SouthState Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.091 99.695 1.416
201406 1.136 100.560 1.462
201409 1.145 100.428 1.476
201412 0.873 99.070 1.140
201503 0.576 99.621 0.748
201506 2.068 100.684 2.658
201509 3.052 100.392 3.934
201512 1.382 99.792 1.792
201603 1.698 100.470 2.187
201606 0.800 101.688 1.018
201609 1.389 101.861 1.765
201612 0.745 101.863 0.947
201703 1.271 102.862 1.599
201706 1.092 103.349 1.367
201709 2.373 104.136 2.949
201712 1.380 104.011 1.717
201803 2.768 105.290 3.402
201806 1.375 106.317 1.674
201809 1.663 106.507 2.021
201812 1.509 105.998 1.842
201903 0.957 107.251 1.155
201906 1.645 108.070 1.970
201909 0.701 108.329 0.837
201912 1.444 108.420 1.724
202003 1.150 108.902 1.367
202006 0.505 108.767 0.601
202009 3.972 109.815 4.681
202012 2.480 109.897 2.921
202103 4.105 111.754 4.754
202106 -0.878 114.631 -0.991
202109 2.435 115.734 2.723
202112 -0.218 117.630 -0.240
202203 7.957 121.301 8.490
202206 5.041 125.017 5.219
202209 7.947 125.227 8.213
202212 1.971 125.222 2.037
202303 0.677 127.348 0.688
202306 3.990 128.729 4.011
202309 5.721 129.860 5.702
202312 -3.745 129.419 -3.745

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.


SouthState  (NYSE:SSB) 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.


SouthState Cyclically Adjusted Price-to-FCF Related Terms

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


SouthState (SouthState) Business Description

Industry
Traded in Other Exchanges
Address
1101 First Street South, Suite 202, Winter Haven, FL, USA, 33880
SouthState Corp is a United States-based bank holding company. It provides a wide range of banking services and products to its customers through a wholly-owned bank subsidiary, South State Bank. The Bank provides retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans through financial centers in Alabama, Florida, Georgia, North Carolina, South Carolina, and Virginia. These services include demand, time and savings deposits, lending and credit card servicing, ATM processing, and wealth management and trust services.
Executives
Greg A Lapointe officer: President of SSB 520 GERVAIS STREET, COLUMBIA SC 29201
Page G Ruffner Jr director
Douglas Lloyd Williams officer: President, Atlanta Banking Grp 3280 PEACHTREE ROAD NE, SUITE 1600, ATLANTA GA 30305
John C Pollok officer: Executive Vice President C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Hill Robert R Jr officer: President & CEO C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Robert R Horger director, officer: Chairman C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Renee R Brooks officer: CHIEF ADMINISTRATIVE OFFICER C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Ronald M. Cofield director 1101 FIRST STREET SOUTH, WINTER HAVEN FL 33880
Shantella E. Cooper director 241 RALPH MCGILL BLVD., NW, ATLANTA GA 30308
Douglas J. Hertz director 3280 PEACHTREE ROAD NE, SUITE 1600, ATLANTA GA 30305
Ernest S Pinner director
Matthews William E V officer: Chief Financial Officer
John C Corbett director, officer: CEO 1101 FIRST STREET SOUTH, SUITE 202, WINTER HAVEN FL 33880
Stephen Dean Young officer: Chief Strategy Officer 42745 U.S. HIGWAY 27, DAVENPORT FL 33837
David G Salyers director 1101 FIRST STREET SOUTH, SUITE 202, WINTER HAVEN FL 33880