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Rizal Commercial Banking (PHS:RCB) Cyclically Adjusted FCF per Share : ₱17.54 (As of Mar. 2024)


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What is Rizal Commercial Banking 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.

Rizal Commercial Banking's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱-4.195. 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 ₱17.54 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Rizal Commercial Banking's average Cyclically Adjusted FCF Growth Rate was -14.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 52.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 37.10% 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 Rizal Commercial Banking was 74.30% per year. The lowest was -15.60% per year. And the median was 13.00% per year.

As of today (2024-06-09), Rizal Commercial Banking's current stock price is ₱21.75. Rizal Commercial Banking's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱17.54. Rizal Commercial Banking's Cyclically Adjusted Price-to-FCF of today is 1.24.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Rizal Commercial Banking was 9.88. The lowest was 1.13. And the median was 3.59.


Rizal Commercial Banking Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Rizal Commercial Banking'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.

Rizal Commercial Banking Cyclically Adjusted FCF per Share Chart

Rizal Commercial Banking 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 3.35 4.97 8.44 17.74 17.59

Rizal Commercial Banking 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 20.44 19.23 17.86 17.59 17.54

Competitive Comparison of Rizal Commercial Banking's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Rizal Commercial Banking'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.


Rizal Commercial Banking's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Rizal Commercial Banking 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, Rizal Commercial Banking'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)
=-4.195/131.7762*131.7762
=-4.195

Current CPI (Mar. 2024) = 131.7762.

Rizal Commercial Banking Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 8.965 100.560 11.748
201409 -9.884 100.428 -12.969
201412 14.721 99.070 19.581
201503 -3.384 99.621 -4.476
201506 0.923 100.684 1.208
201509 0.234 100.392 0.307
201512 3.443 99.792 4.546
201603 -18.334 100.470 -24.047
201606 -4.078 101.688 -5.285
201609 15.885 101.861 20.550
201612 1.984 101.863 2.567
201703 11.720 102.862 15.014
201706 5.079 103.349 6.476
201709 -13.335 104.136 -16.874
201712 -0.906 104.011 -1.148
201803 -5.188 105.290 -6.493
201806 10.121 106.317 12.545
201809 -2.694 106.507 -3.333
201812 -5.540 105.998 -6.887
201903 -2.210 107.251 -2.715
201906 -3.023 108.070 -3.686
201909 -7.401 108.329 -9.003
201912 9.252 108.420 11.245
202003 6.274 108.902 7.592
202006 12.210 108.767 14.793
202009 -2.550 109.815 -3.060
202012 15.155 109.897 18.172
202103 1.616 111.754 1.906
202106 18.694 114.631 21.490
202109 1.972 115.734 2.245
202112 13.323 117.630 14.925
202203 3.571 121.301 3.879
202206 33.707 125.017 35.529
202209 20.982 125.227 22.079
202212 23.232 125.222 24.448
202303 -2.961 127.348 -3.064
202306 10.830 128.729 11.086
202309 -15.499 129.860 -15.728
202312 14.159 129.419 14.417
202403 -4.195 131.776 -4.195

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


Rizal Commercial Banking  (PHS:RCB) 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.

Rizal Commercial Banking's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=21.75/17.54
=1.24

* 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 Rizal Commercial Banking was 9.88. The lowest was 1.13. And the median was 3.59.


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.


Rizal Commercial Banking Cyclically Adjusted FCF per Share Related Terms

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


Rizal Commercial Banking (PHS:RCB) Business Description

Traded in Other Exchanges
N/A
Address
6819 Ayala Avenue Corner Sen Gil Puyat Avenue, 12th Floor, Yuchengco Tower, RCBC Plaza, Makati, PHL, 1200
Rizal Commercial Banking Corporation is a bank based in Makati City, the Philippines. The company provides banking and financial products and services to its customers in the Philippines but also in Asia, Europe, and the United States. The bank operates in the below segments: Retail, Corporate, Small and Medium enterprises, Treasury, and Others. Of these segments, the contributor to revenue is the retail banking function, followed by corporate banking. Services provided to clients include checking and savings accounts, deposits, credit cards, consumer and commercial loans, money market and trading services, investment banking, foreign exchange, wealth management, economic and investment research, syndicated loans, and wholesale lending.

Rizal Commercial Banking (PHS:RCB) Headlines

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