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Security Bank (PHS:SECB) Cyclically Adjusted Price-to-FCF : 1.95 (As of Jun. 10, 2024)


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What is Security Bank Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Security Bank's current share price is ₱70.00. Security Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱35.97. Security Bank's Cyclically Adjusted Price-to-FCF for today is 1.95.

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

PHS:SECB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.9   Med: 14.91   Max: 224.56
Current: 1.95

During the past years, Security Bank's highest Cyclically Adjusted Price-to-FCF was 224.56. The lowest was 1.90. And the median was 14.91.

PHS:SECB's Cyclically Adjusted Price-to-FCF is ranked better than
88.3% of 829 companies
in the Banks industry
Industry Median: 7.23 vs PHS:SECB: 1.95

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.

Security Bank's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₱30.981. 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 ₱35.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Security Bank Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Security Bank'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.

Security Bank Cyclically Adjusted Price-to-FCF Chart

Security Bank 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 35.15 6.83 3.70 2.05 2.13

Security Bank 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 2.87 2.97 2.49 2.13 1.91

Competitive Comparison of Security Bank's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Security Bank'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.


Security Bank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Security Bank 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.

Security Bank's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=70.00/35.97
=1.95

* 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.

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

For example, Security Bank'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)
=30.981/131.7762*131.7762
=30.981

Current CPI (Mar. 2024) = 131.7762.

Security Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.533 100.560 4.630
201409 -5.809 100.428 -7.622
201412 11.041 99.070 14.686
201503 2.540 99.621 3.360
201506 4.653 100.684 6.090
201509 13.667 100.392 17.940
201512 -4.388 99.792 -5.794
201603 -15.774 100.470 -20.689
201606 -8.175 101.688 -10.594
201609 -8.707 101.861 -11.264
201612 43.146 101.863 55.816
201703 30.611 102.862 39.216
201706 -54.897 103.349 -69.997
201709 36.563 104.136 46.268
201712 -28.379 104.011 -35.955
201803 14.593 105.290 18.264
201806 4.862 106.317 6.026
201809 13.048 106.507 16.144
201812 8.446 105.998 10.500
201903 -24.311 107.251 -29.870
201906 -34.207 108.070 -41.711
201909 24.939 108.329 30.337
201912 1.827 108.420 2.221
202003 -22.397 108.902 -27.101
202006 29.251 108.767 35.439
202009 -76.608 109.815 -91.928
202012 184.532 109.897 221.271
202103 125.150 111.754 147.572
202106 8.347 114.631 9.595
202109 -7.277 115.734 -8.286
202112 -17.894 117.630 -20.046
202203 -5.456 121.301 -5.927
202206 18.363 125.017 19.356
202209 20.331 125.227 21.394
202212 10.486 125.222 11.035
202303 -87.833 127.348 -90.887
202306 16.559 128.729 16.951
202309 25.811 129.860 26.192
202312 25.610 129.419 26.076
202403 30.981 131.776 30.981

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.


Security Bank  (PHS:SECB) 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.


Security Bank Cyclically Adjusted Price-to-FCF Related Terms

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


Security Bank (PHS:SECB) Business Description

Industry
Traded in Other Exchanges
Address
6776 Ayala Avenue, Security Bank Centre, Makati, PHL, 0719
Security Bank Corp is a company that is principally engaged in banking. It operates in four segments; Financial Markets Segment focuses on providing the money market, foreign exchange, financial derivatives, securities distribution, asset management, trust, and fiduciary services, Wholesale Banking Segment addresses the corporate, institutional, and public sector markets and commercial clients. Services include relationship management, lending and other credit facilities, trade, cash management, deposit-taking, and leasing services, Retail Banking Segment addresses individual, retail, and small businesses. It covers deposit-taking and servicing, consumer loans, credit card facilities, and bancassurance, and All Other Segments include other support services.

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