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Bread Financial Holdings (Bread Financial Holdings) Cyclically Adjusted Price-to-FCF : 1.05 (As of May. 18, 2024)


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What is Bread Financial Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-18), Bread Financial Holdings's current share price is $41.56. Bread Financial Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $39.77. Bread Financial Holdings's Cyclically Adjusted Price-to-FCF for today is 1.05.

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

BFH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.69   Med: 6.95   Max: 26.17
Current: 1.02

During the past years, Bread Financial Holdings's highest Cyclically Adjusted Price-to-FCF was 26.17. The lowest was 0.69. And the median was 6.95.

BFH's Cyclically Adjusted Price-to-FCF is ranked better than
91.43% of 105 companies
in the Credit Services industry
Industry Median: 9.72 vs BFH: 1.02

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.

Bread Financial Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $8.652. 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 $39.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bread Financial Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bread Financial Holdings'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.

Bread Financial Holdings Cyclically Adjusted Price-to-FCF Chart

Bread Financial Holdings 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 3.40 2.06 2.10 1.07 0.85

Bread Financial Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.84 0.85 0.90 0.85 0.94

Competitive Comparison of Bread Financial Holdings's Cyclically Adjusted Price-to-FCF

For the Credit Services subindustry, Bread Financial Holdings'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.


Bread Financial Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

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

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



Bread Financial Holdings 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.

Bread Financial Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=41.56/39.77
=1.05

* 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.

Bread Financial Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bread Financial Holdings's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=8.652/131.7762*131.7762
=8.652

Current CPI (Mar. 2024) = 131.7762.

Bread Financial Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.527 100.560 4.622
201409 5.723 100.428 7.509
201412 5.450 99.070 7.249
201503 2.080 99.621 2.751
201506 5.512 100.684 7.214
201509 6.722 100.392 8.823
201512 11.026 99.792 14.560
201603 3.741 100.470 4.907
201606 7.154 101.688 9.271
201609 9.404 101.861 12.166
201612 12.478 101.863 16.142
201703 7.504 102.862 9.613
201706 8.608 103.349 10.976
201709 12.165 104.136 15.394
201712 14.236 104.011 18.036
201803 10.865 105.290 13.598
201806 11.157 106.317 13.829
201809 11.869 106.507 14.685
201812 12.528 105.998 15.575
201903 10.754 107.251 13.213
201906 8.087 108.070 9.861
201909 8.204 108.329 9.980
201912 -7.082 108.420 -8.608
202003 11.673 108.902 14.125
202006 10.159 108.767 12.308
202009 8.563 109.815 10.275
202012 7.800 109.897 9.353
202103 10.141 111.754 11.958
202106 3.860 114.631 4.437
202109 9.020 115.734 10.270
202112 6.200 117.630 6.946
202203 9.540 121.301 10.364
202206 4.433 125.017 4.673
202209 11.964 125.227 12.590
202212 9.740 125.222 10.250
202303 7.725 127.348 7.994
202306 6.700 128.729 6.859
202309 12.355 129.860 12.537
202312 12.490 129.419 12.717
202403 8.652 131.776 8.652

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.


Bread Financial Holdings  (NYSE:BFH) 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.


Bread Financial Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Bread Financial Holdings (Bread Financial Holdings) Business Description

Traded in Other Exchanges
Address
3075 Loyalty Circle, Columbus, OH, USA, 43219
Formed by a combination of JCPenney's credit card processing unit and The Limited's credit card bank business, Bread Financial is a provider of private label and co-branded credit cards, loyalty programs, and marketing services. The company's most financially significant unit is its credit card business that partners with retailers to jointly market Bread's credit cards to their customers. The company also retains minority interest in its recently spun-off LoyaltyOne division, which operates the largest airline miles loyalty program in Canada and offers marketing services to grocery chains in Europe and Asia.
Executives
Turtle Creek Asset Management Inc. 10 percent owner SCOTIA PLAZA, 40 KING STREET WEST, SUITE 5100, TORONTO A6 M5H 3Y2
Roger H Ballou director C/O CDI CORP, 1717 ARCH ST 35TH FL, PHILADELPHIA PA 19103
Clair Joyce St director 50 S LA SALLE ST, CHICAGO IL 60603
Valerie E Greer officer: EVP, Chief Comm'l Off'r, Card 7500 DALLAS PARKWAY, SUITE 700, PLANO TX 75024
Perry S Beberman officer: EVP, Chief Financial Officer 7500 DALLAS PARKWAY, SUITE 700, PLANO TX 75024
Ralph J Andretta director, officer: President and CEO 7500 DALLAS PARKWAY, SUITE 700, PLANO TX 75024
Timothy J Theriault director 50 LA SALLE STREET, CHICAGO IL 60675
John C Gerspach director C/O CORPORATE LAW DEP'T, CITIGOUP INC., 388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10013
Jonathan Bryan Campbell officer: SVP, Chief Acctg. Officer 7500 DALLAS PARKWAY, SUITE 700, PLANO TX 75024
Laurie Anne Tucker director 65 MARYS CREEK COVE NORTH, EADS TN 38028
Rajesh Natarajan director 7500 DALLAS PARKWAY, SUITE 700, PLANO TX 75024
Sharen J Turney director THREE LIMITED PARKWAY, COLUMBUS OH 43230
Karin Kimbrough director C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Charles L Horn officer: EVP & Senior Advisor BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201
Laura Santillan officer: SVP, Chief Acctg. Officer 17655 WATERVIEW PARKWAY, DALLAS TX 75252