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Bread Financial Holdings (BSP:A1LL34) Cyclically Adjusted Price-to-FCF : 1.09 (As of Jun. 09, 2024)


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

As of today (2024-06-09), Bread Financial Holdings's current share price is R$54.35. Bread Financial Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$49.87. Bread Financial Holdings's Cyclically Adjusted Price-to-FCF for today is 1.09.

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

BSP:A1LL34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.69   Med: 6.19   Max: 26.17
Current: 1.03

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 6.19.

BSP:A1LL34's Cyclically Adjusted Price-to-FCF is ranked better than
92.38% of 105 companies
in the Credit Services industry
Industry Median: 9.61 vs BSP:A1LL34: 1.03

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 R$10.771. 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 R$49.87 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
=54.35/49.87
=1.09

* 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)
=10.771/131.7762*131.7762
=10.771

Current CPI (Mar. 2024) = 131.7762.

Bread Financial Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.972 100.560 2.584
201409 3.345 100.428 4.389
201412 3.600 99.070 4.788
201503 1.634 99.621 2.161
201506 4.288 100.684 5.612
201509 6.559 100.392 8.609
201512 10.697 99.792 14.125
201603 3.458 100.470 4.535
201606 6.123 101.688 7.935
201609 7.648 101.861 9.894
201612 10.462 101.863 13.534
201703 5.868 102.862 7.517
201706 7.091 103.349 9.041
201709 9.527 104.136 12.056
201712 11.727 104.011 14.857
201803 8.907 105.290 11.148
201806 10.518 106.317 13.037
201809 12.192 106.507 15.085
201812 12.162 105.998 15.120
201903 10.325 107.251 12.686
201906 7.796 108.070 9.506
201909 8.449 108.329 10.278
201912 -7.267 108.420 -8.832
202003 14.259 108.902 17.254
202006 13.178 108.767 15.966
202009 11.560 109.815 13.872
202012 10.032 109.897 12.029
202103 14.286 111.754 16.845
202106 4.853 114.631 5.579
202109 11.904 115.734 13.554
202112 8.765 117.630 9.819
202203 11.869 121.301 12.894
202206 5.595 125.017 5.898
202209 15.684 125.227 16.504
202212 12.773 125.222 13.442
202303 10.059 127.348 10.409
202306 8.130 128.729 8.322
202309 15.255 129.860 15.480
202312 15.299 129.419 15.578
202403 10.771 131.776 10.771

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  (BSP:A1LL34) 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 (BSP:A1LL34) 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.

Bread Financial Holdings (BSP:A1LL34) Headlines

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