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Bank Hapoalim BM (Bank Hapoalim BM) Cyclically Adjusted FCF per Share : $0.64 (As of Mar. 2024)


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What is Bank Hapoalim BM Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Bank Hapoalim BM's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-1.360. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.64 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bank Hapoalim BM's average Cyclically Adjusted FCF Growth Rate was -28.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -6.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Bank Hapoalim BM was 7.00% per year. The lowest was -6.60% per year. And the median was -3.90% per year.

As of today (2024-05-26), Bank Hapoalim BM's current stock price is $8.42. Bank Hapoalim BM's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.64. Bank Hapoalim BM's Cyclically Adjusted Price-to-FCF of today is 13.16.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bank Hapoalim BM was 12.52. The lowest was 5.03. And the median was 7.03.


Bank Hapoalim BM Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bank Hapoalim BM's Cyclically Adjusted FCF per Share 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.

Bank Hapoalim BM Cyclically Adjusted FCF per Share Chart

Bank Hapoalim BM Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 1.05 1.20 1.10 0.77

Bank Hapoalim BM Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 1.09 0.83 0.84 0.77 0.64

Competitive Comparison of Bank Hapoalim BM's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Bank Hapoalim BM'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.


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

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

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



Bank Hapoalim BM Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Bank Hapoalim BM'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)
=-1.36/131.7762*131.7762
=-1.360

Current CPI (Mar. 2024) = 131.7762.

Bank Hapoalim BM Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.872 100.560 -2.453
201409 1.945 100.428 2.552
201412 0.354 99.070 0.471
201503 0.645 99.621 0.853
201506 -1.103 100.684 -1.444
201509 0.546 100.392 0.717
201512 2.279 99.792 3.009
201603 -0.581 100.470 -0.762
201606 0.842 101.688 1.091
201609 -0.111 101.861 -0.144
201612 -0.180 101.863 -0.233
201703 0.638 102.862 0.817
201706 0.253 103.349 0.323
201709 0.426 104.136 0.539
201712 0.652 104.011 0.826
201803 -0.951 105.290 -1.190
201806 0.004 106.317 0.005
201809 1.310 106.507 1.621
201812 -0.663 105.998 -0.824
201903 0.882 107.251 1.084
201906 -0.208 108.070 -0.254
201909 0.457 108.329 0.556
201912 0.258 108.420 0.314
202003 -2.020 108.902 -2.444
202006 1.305 108.767 1.581
202009 -0.120 109.815 -0.144
202012 1.302 109.897 1.561
202103 0.481 111.754 0.567
202106 0.634 114.631 0.729
202109 -1.010 115.734 -1.150
202112 0.771 117.630 0.864
202203 0.605 121.301 0.657
202206 -1.161 125.017 -1.224
202209 0.397 125.227 0.418
202212 0.051 125.222 0.054
202303 -1.092 127.348 -1.130
202306 0.047 128.729 0.048
202309 0.083 129.860 0.084
202312 0.674 129.419 0.686
202403 -1.360 131.776 -1.360

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Bank Hapoalim BM  (OTCPK:BKHPF) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Bank Hapoalim BM's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=8.42/0.64
=13.16

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bank Hapoalim BM was 12.52. The lowest was 5.03. And the median was 7.03.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Bank Hapoalim BM Cyclically Adjusted FCF per Share Related Terms

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


Bank Hapoalim BM (Bank Hapoalim BM) Business Description

Industry
Traded in Other Exchanges
Address
50 Rothschild Boulevard, Tel Aviv, ISR, 63432
Bank Hapoalim BM is an Israeli bank that operates hundreds of full-service retail branches focusing on households, small businesses, and private banking to high-net-worth individuals. The bank offers a range of banking and payments products, capital market and foreign trade facilities, and a full gamut of financial planning advisory services, including pension and retirement planning. Its private banking division offers wealth management services and has a global presence. Most of its net revenue is derived from net interest income in the corporate and household segments. The bank's strategy emphasizes its competitive positioning in Israel, diversification of revenue sources, operational efficiency, and financial technology.