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Banco Mercantil do Brasil (BSP:BMEB3) Cyclically Adjusted Price-to-FCF : 19.29 (As of May. 27, 2024)


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What is Banco Mercantil do Brasil Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), Banco Mercantil do Brasil's current share price is R$24.50. Banco Mercantil do Brasil's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$1.27. Banco Mercantil do Brasil's Cyclically Adjusted Price-to-FCF for today is 19.29.

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

BSP:BMEB3' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.6   Med: 1.56   Max: 58.05
Current: 19.35

During the past years, Banco Mercantil do Brasil's highest Cyclically Adjusted Price-to-FCF was 58.05. The lowest was 0.60. And the median was 1.56.

BSP:BMEB3's Cyclically Adjusted Price-to-FCF is ranked worse than
90.01% of 831 companies
in the Banks industry
Industry Median: 7.36 vs BSP:BMEB3: 19.35

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.

Banco Mercantil do Brasil's adjusted free cash flow per share data for the three months ended in Dec. 2023 was R$-2.252. 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$1.27 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Mercantil do Brasil Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Banco Mercantil do Brasil'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.

Banco Mercantil do Brasil Cyclically Adjusted Price-to-FCF Chart

Banco Mercantil do Brasil 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 1.11 1.35 15.49 48.66 16.17

Banco Mercantil do Brasil Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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 41.59 48.66 - 20.55 16.17

Competitive Comparison of Banco Mercantil do Brasil's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Banco Mercantil do Brasil'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.


Banco Mercantil do Brasil's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Banco Mercantil do Brasil's Cyclically Adjusted Price-to-FCF falls into.



Banco Mercantil do Brasil 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.

Banco Mercantil do Brasil's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=24.50/1.27
=19.29

* 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.

Banco Mercantil do Brasil's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Banco Mercantil do Brasil's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-2.252/157.1481*157.1481
=-2.252

Current CPI (Dec. 2023) = 157.1481.

Banco Mercantil do Brasil Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 2.967 88.522 5.267
201403 0.000 90.447 0.000
201406 0.000 91.838 0.000
201409 0.000 92.602 0.000
201412 0.000 94.194 0.000
201503 -0.465 97.799 -0.747
201506 -0.454 100.006 -0.713
201509 -1.291 101.392 -2.001
201512 4.969 104.247 7.491
201603 -0.320 106.979 -0.470
201606 1.028 108.851 1.484
201609 0.779 109.986 1.113
201612 0.734 110.802 1.041
201703 -1.159 111.869 -1.628
201706 -0.074 112.115 -0.104
201709 3.086 112.777 4.300
201712 -4.248 114.068 -5.852
201803 -3.989 114.868 -5.457
201806 0.354 117.038 0.475
201809 6.199 117.881 8.264
201812 -0.761 118.340 -1.011
201903 0.582 120.124 0.761
201906 1.821 120.977 2.365
201909 2.959 121.292 3.834
201912 2.595 123.436 3.304
202003 -2.405 124.092 -3.046
202006 5.264 123.557 6.695
202009 -1.262 125.095 -1.585
202012 -3.046 129.012 -3.710
202103 -4.719 131.660 -5.633
202106 1.122 133.871 1.317
202109 0.583 137.913 0.664
202112 -4.912 141.992 -5.436
202203 -1.505 146.537 -1.614
202206 8.924 149.784 9.363
202209 -4.506 147.800 -4.791
202212 -0.946 150.207 -0.990
202306 0.000 154.519 0.000
202309 0.377 155.464 0.381
202312 -2.252 157.148 -2.252

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.


Banco Mercantil do Brasil  (BSP:BMEB3) 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.


Banco Mercantil do Brasil Cyclically Adjusted Price-to-FCF Related Terms

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


Banco Mercantil do Brasil (BSP:BMEB3) Business Description

Traded in Other Exchanges
Address
R Rio de Janeiro 654, Belo Horizonte,, MG, BRA, 30160912
Banco Mercantil do Brasil SA offers commercial banking services. It offers personal and corporate credit cards, lease financing, business financing services, Internet banking, and other financial services. The company offers checking and savings accounts, and time deposits and funds; payroll-deductible loans, personal loans, overdraft facilities, credit cards, and vehicle financing services; private pension, insurance, and capitalization products and services; and collection, payment of taxes and fees to individuals.

Banco Mercantil do Brasil (BSP:BMEB3) Headlines

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