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Shinhan Financial Group Co (Shinhan Financial Group Co) Cyclically Adjusted Price-to-FCF : 15.73 (As of May. 20, 2024)


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What is Shinhan Financial Group Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Shinhan Financial Group Co's current share price is $35.56. Shinhan Financial Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.26. Shinhan Financial Group Co's Cyclically Adjusted Price-to-FCF for today is 15.73.

The historical rank and industry rank for Shinhan Financial Group Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.9   Med: 13.24   Max: 30.1
Current: 16.27

During the past years, Shinhan Financial Group Co's highest Cyclically Adjusted Price-to-FCF was 30.10. The lowest was 5.90. And the median was 13.24.

SHG's Cyclically Adjusted Price-to-FCF is ranked worse than
88.74% of 835 companies
in the Banks industry
Industry Median: 7.52 vs SHG: 16.27

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.

Shinhan Financial Group Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-2.084. 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 $2.26 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shinhan Financial Group Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shinhan Financial Group Co'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.

Shinhan Financial Group Co Cyclically Adjusted Price-to-FCF Chart

Shinhan Financial Group Co 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 14.18 12.83 12.31 16.30 15.44

Shinhan Financial Group Co 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 8.43 6.17 8.97 15.44 15.69

Competitive Comparison of Shinhan Financial Group Co's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Shinhan Financial Group Co'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.


Shinhan Financial Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Shinhan Financial Group Co's Cyclically Adjusted Price-to-FCF falls into.



Shinhan Financial Group Co 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.

Shinhan Financial Group Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=35.56/2.26
=15.73

* 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.

Shinhan Financial Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Shinhan Financial Group Co'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)
=-2.084/118.8477*118.8477
=-2.084

Current CPI (Mar. 2024) = 118.8477.

Shinhan Financial Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.584 99.353 3.091
201409 -2.672 99.608 -3.188
201412 0.277 99.098 0.332
201503 -5.334 99.720 -6.357
201506 2.580 100.050 3.065
201509 3.592 100.110 4.264
201512 3.874 100.220 4.594
201603 -0.138 100.560 -0.163
201606 2.578 100.790 3.040
201609 1.412 101.460 1.654
201612 2.436 101.560 2.851
201703 1.042 102.850 1.204
201706 -3.547 102.610 -4.108
201709 -0.347 103.490 -0.398
201712 4.446 102.990 5.131
201803 -0.201 104.100 -0.229
201806 -4.981 104.130 -5.685
201809 3.222 105.650 3.624
201812 -10.652 104.350 -12.132
201903 2.920 104.490 3.321
201906 3.267 104.880 3.702
201909 8.876 105.200 10.027
201912 -3.390 105.120 -3.833
202003 -0.647 105.540 -0.729
202006 0.675 104.870 0.765
202009 -2.446 106.200 -2.737
202012 -0.482 105.765 -0.542
202103 6.151 107.357 6.809
202106 -0.790 107.579 -0.873
202109 9.819 108.759 10.730
202112 -9.614 109.676 -10.418
202203 1.961 111.806 2.085
202206 0.991 114.083 1.032
202209 4.240 114.831 4.388
202212 1.692 115.200 1.746
202303 5.251 116.550 5.355
202306 11.105 117.140 11.267
202309 -9.199 119.111 -9.179
202312 -7.372 118.848 -7.372
202403 -2.084 118.848 -2.084

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.


Shinhan Financial Group Co  (NYSE:SHG) 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.


Shinhan Financial Group Co Cyclically Adjusted Price-to-FCF Related Terms

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Shinhan Financial Group Co (Shinhan Financial Group Co) Business Description

Traded in Other Exchanges
Address
20, Sejong-daero 9-gil, Jung-gu, Seoul, KOR, 04513
Shinhan Financial is Korea's largest banking group. Its 11.2% market share of loans trails KB's 12.8%, but Shinhan has more contribution from nonbank and overseas businesses than rivals. Nonbank units include Shinhan Card, the country's largest credit card company, brokerage firm Shinhan Securities, and a top-five presence in life insurance. It also owns leasing firm Shinhan Capital, Shinhan Asset Management, and regional bank Jeju Bank, among others. Unlike KB, whose predecessor banks were originally founded by the government, Shinhan has always been a private-sector bank, having grown to the top spot organically and through M&A after having been only a second-tier player before the Asian financial crisis.