GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bay National Corp (GREY:BAYN) » Definitions » Cyclically Adjusted Price-to-FCF

Bay National (Bay National) Cyclically Adjusted Price-to-FCF : (As of May. 15, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Bay National Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bay National Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bay National'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.

Bay National Cyclically Adjusted Price-to-FCF Chart

Bay National Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Bay National Quarterly Data
Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10
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 - - - - -

Competitive Comparison of Bay National's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Bay National'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.


Bay National's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Bay National 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.

Bay National's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2010 is calculated as:

For example, Bay National's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2010 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2010 (Change)*Current CPI (Mar. 2010)
=-1.743/91.8208*91.8208
=-1.743

Current CPI (Mar. 2010) = 91.8208.

Bay National Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200006 -0.489 72.737 -0.617
200009 -0.351 73.286 -0.440
200012 -0.508 73.413 -0.635
200103 -1.138 74.341 -1.406
200106 0.225 75.100 0.275
200109 -0.507 75.227 -0.619
200112 0.109 74.552 0.134
200203 -0.291 75.438 -0.354
200206 -0.683 75.902 -0.826
200209 -0.492 76.366 -0.592
200212 -0.471 76.324 -0.567
200303 -1.045 77.716 -1.235
200306 1.159 77.505 1.373
200309 0.249 78.138 0.293
200312 0.529 77.758 0.625
200403 -0.024 79.066 -0.028
200406 -6.838 80.037 -7.845
200409 4.347 80.121 4.982
200412 -0.858 80.290 -0.981
200503 0.957 81.555 1.077
200506 -3.963 82.062 -4.434
200509 -0.492 83.876 -0.539
200512 1.091 83.032 1.206
200603 6.298 84.298 6.860
200606 -1.048 85.606 -1.124
200609 0.515 85.606 0.552
200612 4.061 85.142 4.380
200703 -2.378 86.640 -2.520
200706 -3.608 87.906 -3.769
200709 4.649 87.964 4.853
200712 -2.738 88.616 -2.837
200803 2.908 90.090 2.964
200806 0.290 92.320 0.288
200809 0.750 92.307 0.746
200812 0.476 88.697 0.493
200903 -0.741 89.744 -0.758
200906 1.162 91.003 1.172
200909 -0.078 91.120 -0.079
200912 0.861 91.111 0.868
201003 -1.743 91.821 -1.743

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.


Bay National  (GREY:BAYN) 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.


Bay National Cyclically Adjusted Price-to-FCF Related Terms

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


Bay National (Bay National) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2328 West Joppa Road, Lutherville, MD, USA, 21093
Bay National Corp is a bank holding company, which through National Bank, offers a complete range of commercial, private, cash management, retail, and residential mortgage banking services.

Bay National (Bay National) Headlines