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1st Source (1st Source) Cyclically Adjusted Price-to-FCF : 9.50 (As of May. 18, 2024)


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What is 1st Source Cyclically Adjusted Price-to-FCF?

As of today (2024-05-18), 1st Source's current share price is $52.72. 1st Source's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $5.55. 1st Source's Cyclically Adjusted Price-to-FCF for today is 9.50.

The historical rank and industry rank for 1st Source's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SRCE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.33   Med: 11.42   Max: 21.57
Current: 9.49

During the past years, 1st Source's highest Cyclically Adjusted Price-to-FCF was 21.57. The lowest was 6.33. And the median was 11.42.

SRCE's Cyclically Adjusted Price-to-FCF is ranked worse than
63.35% of 835 companies
in the Banks industry
Industry Median: 7.52 vs SRCE: 9.49

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.

1st Source's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.692. 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 $5.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


1st Source Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for 1st Source'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.

1st Source Cyclically Adjusted Price-to-FCF Chart

1st Source 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 14.30 10.62 11.94 11.22 10.28

1st Source 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 8.74 8.25 8.00 10.28 9.44

Competitive Comparison of 1st Source's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, 1st Source'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.


1st Source's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, 1st Source's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where 1st Source's Cyclically Adjusted Price-to-FCF falls into.



1st Source 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.

1st Source's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=52.72/5.55
=9.50

* 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.

1st Source's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, 1st Source'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)
=1.692/131.7762*131.7762
=1.692

Current CPI (Mar. 2024) = 131.7762.

1st Source Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.002 100.560 0.003
201409 0.821 100.428 1.077
201412 0.111 99.070 0.148
201503 0.175 99.621 0.231
201506 0.295 100.684 0.386
201509 0.713 100.392 0.936
201512 0.215 99.792 0.284
201603 0.705 100.470 0.925
201606 0.175 101.688 0.227
201609 0.537 101.861 0.695
201612 0.863 101.863 1.116
201703 0.774 102.862 0.992
201706 -0.042 103.349 -0.054
201709 1.200 104.136 1.519
201712 1.472 104.011 1.865
201803 0.837 105.290 1.048
201806 1.158 106.317 1.435
201809 0.768 106.507 0.950
201812 2.465 105.998 3.064
201903 1.122 107.251 1.379
201906 1.182 108.070 1.441
201909 1.718 108.329 2.090
201912 2.002 108.420 2.433
202003 1.240 108.902 1.500
202006 0.414 108.767 0.502
202009 2.066 109.815 2.479
202012 2.222 109.897 2.664
202103 1.662 111.754 1.960
202106 1.731 114.631 1.990
202109 0.725 115.734 0.825
202112 2.430 117.630 2.722
202203 1.685 121.301 1.831
202206 1.811 125.017 1.909
202209 1.787 125.227 1.880
202212 1.731 125.222 1.822
202303 1.865 127.348 1.930
202306 1.781 128.729 1.823
202309 2.075 129.860 2.106
202312 1.669 129.419 1.699
202403 1.692 131.776 1.692

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.


1st Source  (NAS:SRCE) 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.


1st Source Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of 1st Source's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


1st Source (1st Source) Business Description

Industry
Traded in Other Exchanges
N/A
Address
100 North Michigan Street, South Bend, IN, USA, 46601
1st Source Corp along with its subsidiary offers banking services. The bank provides Commercial, Agricultural, and Real Estate Loans which are given to privately owned business clients mainly located within regional market area, Consumer Services that consists of full range of consumer banking products and services, Trust and Wealth Advisory Services which includes wide range of trust, investment, agency, and custodial services for individual, corporate, and not-for-profit clients, and Specialty Finance Group Services that provide a broad range of comprehensive equipment loan and lease products addressing the financing needs of a broad array of companies.
Executives
Daniel B Fitzpatrick director 4220 EDISON LAKES PKWY, C/O QUALITY DINING INC, MISHAWAKA IN 46545
Mark D Schwabero director BRUNSWICK CORPORATION, 1 N FIELD COURT, LAKE FOREST IL 60045
Isaac P. Torres director P O BOX 1602, SOUTH BEND IN 46634
Brett A. Bauer officer: Treasurer and CFO P O BOX 1602, SOUTH BEND IN 46634
Andrea G Short officer: Treasurer and CFO PO BOX 1602, SOUTH BEND IN 46634
Weybright Ronda Shrewsbury director P O BOX 1602, SOUTH BEND IN 46634
Tracy D Graham director PO BOX 1602, SOUTH BEND IN 46634
John T Phair director P.O. BOX 1602, SOUTH BEND IN 46634
Melody Birmingham-byrd director PO BOX 1602, SOUTH BEND IN 46634
Todd F. Schurz director P O BOX 1602, SOUTH BEND IN 46634
Murphy Christopher J Iii director, officer: Chairman, CEO P O BOX 1602, SOUTH BEND IN 46634
Carmen C Murphy 10 percent owner 1237 EAST JEFFERSON BOULEVARD, SOUTH BEND IN 46617
John B Griffith officer: Sr. VP/Secy. 1st Source Bank P O BOX 1602, SOUTH BEND IN 46634
John Afleck-graves director 3820 EDISON LAKES PARKWAY, MISHAWAKA IN 46545
Jeffrey L Buhr officer: Senior Vice President PO BOX 1602, SOUTH BEND IN 46634

1st Source (1st Source) Headlines