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Bread Financial Holdings (FRA:LID) Cyclically Adjusted Price-to-FCF : 1.03 (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 €37.97. Bread Financial Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €36.74. Bread Financial Holdings's Cyclically Adjusted Price-to-FCF for today is 1.03.

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

FRA:LID' 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.

FRA:LID'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 FRA:LID: 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 €7.960. 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 €36.74 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
=37.97/36.74
=1.03

* 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)
=7.96/131.7762*131.7762
=7.960

Current CPI (Mar. 2024) = 131.7762.

Bread Financial Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.596 100.560 3.402
201409 4.441 100.428 5.827
201412 4.420 99.070 5.879
201503 1.922 99.621 2.542
201506 4.911 100.684 6.428
201509 5.989 100.392 7.861
201512 10.122 99.792 13.366
201603 3.359 100.470 4.406
201606 6.367 101.688 8.251
201609 8.379 101.861 10.840
201612 11.829 101.863 15.303
201703 7.017 102.862 8.989
201706 7.661 103.349 9.768
201709 10.207 104.136 12.916
201712 12.029 104.011 15.240
201803 8.812 105.290 11.029
201806 9.550 106.317 11.837
201809 10.172 106.507 12.585
201812 11.012 105.998 13.690
201903 9.517 107.251 11.693
201906 7.157 108.070 8.727
201909 7.450 108.329 9.062
201912 -6.374 108.420 -7.747
202003 10.564 108.902 12.783
202006 9.021 108.767 10.929
202009 7.270 109.815 8.724
202012 6.412 109.897 7.689
202103 8.518 111.754 10.044
202106 3.204 114.631 3.683
202109 7.667 115.734 8.730
202112 5.487 117.630 6.147
202203 8.662 121.301 9.410
202206 4.194 125.017 4.421
202209 12.084 125.227 12.716
202212 9.195 125.222 9.676
202303 7.215 127.348 7.466
202306 6.184 128.729 6.330
202309 11.577 129.860 11.748
202312 11.453 129.419 11.662
202403 7.960 131.776 7.960

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  (FRA:LID) 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 (FRA:LID) 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 (FRA:LID) Headlines

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