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B3 - Brasil Bolsa Balcao (BSP:B3SA3) Cyclically Adjusted Price-to-FCF : 17.92 (As of May. 23, 2024)


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What is B3 - Brasil Bolsa Balcao Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), B3 - Brasil Bolsa Balcao's current share price is R$11.11. B3 - Brasil Bolsa Balcao's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$0.62. B3 - Brasil Bolsa Balcao's Cyclically Adjusted Price-to-FCF for today is 17.92.

The historical rank and industry rank for B3 - Brasil Bolsa Balcao's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:B3SA3' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.69   Med: 31.24   Max: 55.85
Current: 18.49

During the past years, B3 - Brasil Bolsa Balcao's highest Cyclically Adjusted Price-to-FCF was 55.85. The lowest was 16.69. And the median was 31.24.

BSP:B3SA3's Cyclically Adjusted Price-to-FCF is ranked better than
50.22% of 229 companies
in the Capital Markets industry
Industry Median: 18.53 vs BSP:B3SA3: 18.49

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.

B3 - Brasil Bolsa Balcao's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.268. 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$0.62 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


B3 - Brasil Bolsa Balcao Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for B3 - Brasil Bolsa Balcao'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.

B3 - Brasil Bolsa Balcao Cyclically Adjusted Price-to-FCF Chart

B3 - Brasil Bolsa Balcao 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 37.49 52.30 25.66 22.41 24.31

B3 - Brasil Bolsa Balcao 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 16.57 23.01 19.78 24.31 19.41

Competitive Comparison of B3 - Brasil Bolsa Balcao's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, B3 - Brasil Bolsa Balcao'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.


B3 - Brasil Bolsa Balcao's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, B3 - Brasil Bolsa Balcao's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where B3 - Brasil Bolsa Balcao's Cyclically Adjusted Price-to-FCF falls into.



B3 - Brasil Bolsa Balcao 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.

B3 - Brasil Bolsa Balcao's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.11/0.62
=17.92

* 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.

B3 - Brasil Bolsa Balcao's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, B3 - Brasil Bolsa Balcao'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)
=0.268/159.3724*159.3724
=0.268

Current CPI (Mar. 2024) = 159.3724.

B3 - Brasil Bolsa Balcao Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.122 91.838 0.212
201409 0.036 92.602 0.062
201412 0.071 94.194 0.120
201503 0.038 97.799 0.062
201506 0.086 100.006 0.137
201509 -0.128 101.392 -0.201
201512 0.139 104.247 0.213
201603 -0.005 106.979 -0.007
201606 -0.797 108.851 -1.167
201609 0.044 109.986 0.064
201612 -0.596 110.802 -0.857
201703 0.066 111.869 0.094
201706 0.154 112.115 0.219
201709 0.137 112.777 0.194
201712 1.472 114.068 2.057
201803 0.083 114.868 0.115
201806 0.077 117.038 0.105
201809 0.078 117.881 0.105
201812 0.313 118.340 0.422
201903 0.087 120.124 0.115
201906 -0.115 120.977 -0.151
201909 0.122 121.292 0.160
201912 0.382 123.436 0.493
202003 0.161 124.092 0.207
202006 0.031 123.557 0.040
202009 -0.135 125.095 -0.172
202012 0.319 129.012 0.394
202103 0.269 131.660 0.326
202106 -0.115 133.871 -0.137
202109 -0.342 137.913 -0.395
202112 0.653 141.992 0.733
202203 0.270 146.537 0.294
202206 0.646 149.784 0.687
202209 0.398 147.800 0.429
202212 0.292 150.207 0.310
202303 0.226 153.352 0.235
202306 0.360 154.519 0.371
202309 0.218 155.464 0.223
202312 -0.197 157.148 -0.200
202403 0.268 159.372 0.268

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.


B3 - Brasil Bolsa Balcao  (BSP:B3SA3) 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.


B3 - Brasil Bolsa Balcao Cyclically Adjusted Price-to-FCF Related Terms

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B3 - Brasil Bolsa Balcao (BSP:B3SA3) Business Description

Traded in Other Exchanges
Address
Antonio Prado Square, 48 - Center, Rua XV de Novembro, 275, Sao Paulo, SP, BRA, 01010-901
B3 SA - Brasil Bolsa Balcao is a financial market exchange. Its services consist of trading, clearing, and other post-trade services. The company's activities are carried out through its trading systems and clearinghouses and include transactions with securities, interbank foreign exchange, and securities under custody in the special system for settlement and custody. It relies on technology to deliver its services.

B3 - Brasil Bolsa Balcao (BSP:B3SA3) Headlines

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