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Synovus Financial (FRA:SYU1) Cyclically Adjusted FCF per Share : €4.43 (As of Mar. 2024)


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What is Synovus Financial Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Synovus Financial's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.035. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €4.43 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Synovus Financial's average Cyclically Adjusted FCF Growth Rate was 5.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -8.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Synovus Financial was 21.30% per year. The lowest was -16.00% per year. And the median was 4.60% per year.

As of today (2024-05-15), Synovus Financial's current stock price is €36.20. Synovus Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.43. Synovus Financial's Cyclically Adjusted Price-to-FCF of today is 8.17.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Synovus Financial was 13.79. The lowest was 1.61. And the median was 6.35.


Synovus Financial Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Synovus Financial's Cyclically Adjusted FCF per Share 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.

Synovus Financial Cyclically Adjusted FCF per Share Chart

Synovus Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.38 3.01 3.41 4.15 4.43

Synovus Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 4.12 4.46 4.51 4.43 4.43

Competitive Comparison of Synovus Financial's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Synovus Financial'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.


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

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

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



Synovus Financial Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Synovus Financial'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)
=0.035/129.4194*129.4194
=0.035

Current CPI (Mar. 2024) = 129.4194.

Synovus Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.269 100.560 0.346
201409 0.741 100.428 0.955
201412 0.499 99.070 0.652
201503 0.241 99.621 0.313
201506 0.474 100.684 0.609
201509 1.266 100.392 1.632
201512 0.856 99.792 1.110
201603 0.581 100.470 0.748
201606 0.717 101.688 0.913
201609 0.865 101.861 1.099
201612 0.983 101.863 1.249
201703 0.982 102.862 1.236
201706 0.717 103.349 0.898
201709 1.531 104.136 1.903
201712 0.910 104.011 1.132
201803 0.494 105.290 0.607
201806 0.945 106.317 1.150
201809 1.072 106.507 1.303
201812 0.999 105.998 1.220
201903 0.725 107.251 0.875
201906 0.505 108.070 0.605
201909 0.589 108.329 0.704
201912 1.430 108.420 1.707
202003 0.078 108.902 0.093
202006 -5.506 108.767 -6.551
202009 3.856 109.815 4.544
202012 1.205 109.897 1.419
202103 0.091 111.754 0.105
202106 2.261 114.631 2.553
202109 2.298 115.734 2.570
202112 -0.333 117.630 -0.366
202203 1.106 121.301 1.180
202206 0.136 125.017 0.141
202209 2.688 125.227 2.778
202212 3.685 125.222 3.809
202303 2.215 127.348 2.251
202306 2.226 128.729 2.238
202309 1.880 129.860 1.874
202312 1.589 129.419 1.589
202403 0.035 129.419 0.035

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Synovus Financial  (FRA:SYU1) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Synovus Financial's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=36.20/4.43
=8.17

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Synovus Financial was 13.79. The lowest was 1.61. And the median was 6.35.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Synovus Financial Cyclically Adjusted FCF per Share Related Terms

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


Synovus Financial (FRA:SYU1) Business Description

Industry
Traded in Other Exchanges
Address
1111 Bay Avenue, Suite 500, Columbus, GA, USA, 31901
Synovus Financial Corp provides commercial and consumer banking in addition to a full suite of specialized products & services such as private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, & international banking to clients through the wholly-owned subsidiary bank, Synovus Bank, and other offices in Alabama, Florida, Georgia, South Carolina, and Tennessee. It has four segments Wholesale Banking, Community Banking, Consumer Banking, and Financial Management Services, out of which the majority is from the Wholesale banking segment.

Synovus Financial (FRA:SYU1) Headlines

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