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First Foundation (FRA:8F1) Cyclically Adjusted Price-to-FCF : 5.00 (As of Jun. 09, 2024)


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What is First Foundation Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), First Foundation's current share price is €5.30. First Foundation's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.06. First Foundation's Cyclically Adjusted Price-to-FCF for today is 5.00.

The historical rank and industry rank for First Foundation's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:8F1' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.2   Med: 6.21   Max: 15.46
Current: 4.77

During the past years, First Foundation's highest Cyclically Adjusted Price-to-FCF was 15.46. The lowest was 3.20. And the median was 6.21.

FRA:8F1's Cyclically Adjusted Price-to-FCF is ranked better than
68.64% of 829 companies
in the Banks industry
Industry Median: 7.33 vs FRA:8F1: 4.77

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.

First Foundation's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.096. 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 €1.06 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Foundation Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Foundation'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.

First Foundation Cyclically Adjusted Price-to-FCF Chart

First Foundation 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 - - - 12.31 8.35

First Foundation 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 6.23 3.29 4.91 8.35 6.33

Competitive Comparison of First Foundation's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, First Foundation'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.


First Foundation's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



First Foundation 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.

First Foundation's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.30/1.06
=5.00

* 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.

First Foundation's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, First Foundation'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)
=0.096/131.7762*131.7762
=0.096

Current CPI (Mar. 2024) = 131.7762.

First Foundation Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.093 100.560 0.122
201409 0.127 100.428 0.167
201412 0.103 99.070 0.137
201503 0.092 99.621 0.122
201506 0.031 100.684 0.041
201509 0.134 100.392 0.176
201512 0.166 99.792 0.219
201603 0.042 100.470 0.055
201606 0.024 101.688 0.031
201609 0.192 101.861 0.248
201612 0.116 101.863 0.150
201703 0.132 102.862 0.169
201706 0.306 103.349 0.390
201709 0.219 104.136 0.277
201712 0.220 104.011 0.279
201803 0.192 105.290 0.240
201806 0.106 106.317 0.131
201809 0.494 106.507 0.611
201812 0.157 105.998 0.195
201903 0.204 107.251 0.251
201906 0.243 108.070 0.296
201909 0.458 108.329 0.557
201912 0.257 108.420 0.312
202003 -0.002 108.902 -0.002
202006 0.531 108.767 0.643
202009 0.405 109.815 0.486
202012 0.301 109.897 0.361
202103 0.597 111.754 0.704
202106 0.126 114.631 0.145
202109 0.543 115.734 0.618
202112 0.493 117.630 0.552
202203 0.628 121.301 0.682
202206 0.464 125.017 0.489
202209 0.526 125.227 0.554
202212 0.004 125.222 0.004
202303 0.121 127.348 0.125
202306 0.254 128.729 0.260
202309 0.188 129.860 0.191
202312 -0.594 129.419 -0.605
202403 0.096 131.776 0.096

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.


First Foundation  (FRA:8F1) 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.


First Foundation Cyclically Adjusted Price-to-FCF Related Terms

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


First Foundation (FRA:8F1) Business Description

Industry
Traded in Other Exchanges
Address
200 Crescent Court, Suite 1400, Dallas, TX, USA, 75201
First Foundation Inc is a financial services company. It is engaged in providing investment management and financial planning services for high net-worth individuals, retirement plans, charitable institutions, and private foundations. The company focuses on segments namely Banking and Wealth Management. It also offers loans to individuals and entities that own and operate multifamily residential and commercial real estate properties as well as business banking products and services to small to moderate-sized businesses, professional firms, and consumer banking products and services to individuals.

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