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FinecoBank SpA (MIL:FBK) Cyclically Adjusted Price-to-FCF : (As of Apr. 30, 2024)


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What is FinecoBank SpA Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


FinecoBank SpA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for FinecoBank SpA'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.

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FinecoBank SpA Cyclically Adjusted Price-to-FCF Chart

FinecoBank SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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FinecoBank SpA Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Dec18 Jun19 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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Competitive Comparison of FinecoBank SpA's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, FinecoBank SpA'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.


FinecoBank SpA's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



FinecoBank SpA 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.

FinecoBank SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, FinecoBank SpA'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)
=0/119.5000*119.5000
=0.000

Current CPI (Dec. 2023) = 119.5000.

FinecoBank SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201012 0.000 93.755 0.000
201112 0.000 96.837 0.000
201212 0.000 99.070 0.000
201303 0.422 99.535 0.507
201306 1.778 99.814 2.129
201309 0.000 100.000 0.000
201312 0.000 99.721 0.000
201403 2.185 99.907 2.614
201406 -16.460 100.093 -19.651
201409 0.000 99.814 0.000
201412 0.000 99.721 0.000
201503 0.000 99.814 0.000
201506 0.000 100.279 0.000
201509 0.000 100.000 0.000
201512 0.000 99.814 0.000
201603 0.000 99.600 0.000
201606 0.000 99.900 0.000
201609 0.000 100.100 0.000
201612 0.000 100.300 0.000
201703 0.000 101.000 0.000
201706 0.000 101.100 0.000
201709 0.000 101.200 0.000
201712 0.000 101.200 0.000
201803 0.000 101.800 0.000
201806 0.000 102.400 0.000
201812 0.000 102.300 0.000
201906 0.000 103.100 0.000
201912 0.000 102.800 0.000
202003 0.000 102.900 0.000
202006 0.000 102.900 0.000
202012 0.000 102.600 0.000
202103 0.000 103.700 0.000
202106 0.000 104.200 0.000
202112 0.000 106.600 0.000
202206 0.000 112.500 0.000
202209 0.000 114.200 0.000
202212 0.000 119.000 0.000
202306 0.000 119.700 0.000
202309 0.000 120.300 0.000
202312 0.000 119.500 0.000

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.


FinecoBank SpA  (MIL:FBK) 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.


FinecoBank SpA Cyclically Adjusted Price-to-FCF Related Terms

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


FinecoBank SpA (MIL:FBK) Business Description

Industry
Traded in Other Exchanges
Address
Piazza Durante, 11, Milan, ITA, 20131
FinecoBank SpA is a FinTech bank in Europe. It offers a business model which combines platforms with a large network of financial advisors. It offers a single account with banking, trading and investment services, on transactional and advisory platforms developed with proprietary technologies. Fineco is a leading bank in brokerage in Europe, and an important player in private banking in Italy, offering advanced and tailor-made advisory services.

FinecoBank SpA (MIL:FBK) Headlines