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Stock Yards Bancorp (Stock Yards Bancorp) Cyclically Adjusted Price-to-FCF : 14.46 (As of Jun. 05, 2024)


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What is Stock Yards Bancorp Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), Stock Yards Bancorp's current share price is $45.85. Stock Yards Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.17. Stock Yards Bancorp's Cyclically Adjusted Price-to-FCF for today is 14.46.

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

SYBT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.1   Med: 18.52   Max: 30.35
Current: 14.33

During the past years, Stock Yards Bancorp's highest Cyclically Adjusted Price-to-FCF was 30.35. The lowest was 12.10. And the median was 18.52.

SYBT's Cyclically Adjusted Price-to-FCF is ranked worse than
83.56% of 827 companies
in the Banks industry
Industry Median: 7.38 vs SYBT: 14.33

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.

Stock Yards Bancorp's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.531. 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 $3.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stock Yards Bancorp Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Stock Yards Bancorp'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.

Stock Yards Bancorp Cyclically Adjusted Price-to-FCF Chart

Stock Yards Bancorp 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 19.62 17.91 24.56 21.62 16.61

Stock Yards Bancorp 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 18.71 14.87 12.80 16.61 15.43

Competitive Comparison of Stock Yards Bancorp's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Stock Yards Bancorp'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.


Stock Yards Bancorp's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Stock Yards Bancorp's Cyclically Adjusted Price-to-FCF falls into.



Stock Yards Bancorp 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.

Stock Yards Bancorp's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=45.85/3.17
=14.46

* 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.

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

For example, Stock Yards Bancorp'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)
=0.531/131.7762*131.7762
=0.531

Current CPI (Mar. 2024) = 131.7762.

Stock Yards Bancorp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.603 100.560 0.790
201409 0.387 100.428 0.508
201412 0.397 99.070 0.528
201503 0.220 99.621 0.291
201506 0.325 100.684 0.425
201509 0.844 100.392 1.108
201512 0.378 99.792 0.499
201603 0.729 100.470 0.956
201606 0.570 101.688 0.739
201609 0.618 101.861 0.799
201612 0.583 101.863 0.754
201703 0.664 102.862 0.851
201706 0.574 103.349 0.732
201709 0.843 104.136 1.067
201712 0.133 104.011 0.169
201803 0.443 105.290 0.554
201806 1.011 106.317 1.253
201809 0.435 106.507 0.538
201812 0.675 105.998 0.839
201903 0.395 107.251 0.485
201906 0.415 108.070 0.506
201909 0.741 108.329 0.901
201912 0.785 108.420 0.954
202003 0.490 108.902 0.593
202006 0.661 108.767 0.801
202009 0.332 109.815 0.398
202012 1.665 109.897 1.996
202103 1.167 111.754 1.376
202106 0.769 114.631 0.884
202109 0.541 115.734 0.616
202112 1.403 117.630 1.572
202203 0.094 121.301 0.102
202206 0.192 125.017 0.202
202209 1.620 125.227 1.705
202212 1.171 125.222 1.232
202303 0.270 127.348 0.279
202306 1.107 128.729 1.133
202309 1.038 129.860 1.053
202312 0.958 129.419 0.975
202403 0.531 131.776 0.531

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.


Stock Yards Bancorp  (NAS:SYBT) 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.


Stock Yards Bancorp Cyclically Adjusted Price-to-FCF Related Terms

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


Stock Yards Bancorp (Stock Yards Bancorp) Business Description

Traded in Other Exchanges
Address
1040 East Main Street, Louisville, KY, USA, 40206
Stock Yards Bancorp Inc operates as a bank. The bank has two reportable operating segments namely Commercial Banking and Wealth management and trust. Its services include loan and deposit services, cash management services, securities brokerage activities, mortgage origination, and others. It generates a majority of its revenue from the Commercial Banking segment.
Executives
Kathy C Thompson director, officer: Executive Vice President PO BOX 32890, LOUISVILLE KY 40232-2890
Allison Donovan director PO BOX 32890, LOUISVILLE KY 40232
James A Hillebrand officer: Executive Vice President 13308 LONGWOOD LANE, GOSHEN KY 40026
David P Heintzman director, officer: President PO BOX 32890, LOUISVILLE KY 40232-2890
Shannon Bishop Arvin director PO BOX 157, PARIS KY 40362-0157
Richard A Lechleiter director PO BOX 32890, LOUISVILLE KY 40232-2890
John Schutte director 9707 SHELBYVILLE ROAD, LOUISVILLE KY 40233
Carl G Herde director 8210 LIMEHOUSE LANE, LOUISVILLE KY 40220
Michael Croce officer: Executive Vice President PO BOX 32890, LOUISVILLE KY 40232-2890
Michael Rehm officer: Executive Vice President PO BOX 32890, LOUISVILLE KY 40232
Philip Poindexter officer: Executive Vice President 320 MOCKINGBIRD HILL ROAD, LOUISVILLE KY 40207
Laura L Wells director PO BOX 32890, LOUISVILLE KY 40232
Bickel Paul J Iii director PO BOX 32890, LOUISVILLE KY 40232
Stephen M Priebe director PO BOX 32890, LOUISVILLE KY 40232-2890
William Dishman officer: Executive Vice President PO BOX 32890, LOUISVILLE KY 40232-2890

Stock Yards Bancorp (Stock Yards Bancorp) Headlines