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MCB Bank (KAR:MCB) Cyclically Adjusted FCF per Share : ₨130.41 (As of Mar. 2024)


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What is MCB Bank 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.

MCB Bank's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₨46.701. 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 ₨130.41 for the trailing ten years ended in Mar. 2024.

During the past 12 months, MCB Bank's average Cyclically Adjusted FCF Growth Rate was 32.60% 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.

As of today (2024-06-08), MCB Bank's current stock price is ₨199.44. MCB Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₨130.41. MCB Bank's Cyclically Adjusted Price-to-FCF of today is 1.53.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MCB Bank was 1.77. The lowest was 1.01. And the median was 1.31.


MCB Bank Cyclically Adjusted FCF per Share Historical Data

The historical data trend for MCB Bank'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.

MCB Bank Cyclically Adjusted FCF per Share Chart

MCB Bank 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 - - 99.15 92.14 124.42

MCB 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 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 98.38 119.71 129.68 124.42 130.41

Competitive Comparison of MCB Bank's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, MCB 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.


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

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

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



MCB Bank 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, MCB 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)
=46.701/131.7762*131.7762
=46.701

Current CPI (Mar. 2024) = 131.7762.

MCB Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 6.728 100.560 8.817
201409 3.936 100.428 5.165
201412 25.654 99.070 34.123
201503 63.856 99.621 84.467
201506 55.790 100.684 73.019
201509 -27.337 100.392 -35.883
201512 -17.982 99.792 -23.745
201603 47.036 100.470 61.692
201606 -2.753 101.688 -3.568
201609 -71.901 101.861 -93.017
201612 46.565 101.863 60.240
201703 107.244 102.862 137.390
201706 82.151 103.349 104.747
201709 -117.452 104.136 -148.627
201712 41.872 104.011 53.049
201803 -44.321 105.290 -55.470
201806 100.116 106.317 124.091
201809 -186.871 106.507 -231.208
201812 232.773 105.998 289.383
201903 -235.982 107.251 -289.946
201906 328.692 108.070 400.796
201909 35.150 108.329 42.758
201912 -78.927 108.420 -95.930
202003 35.380 108.902 42.812
202006 113.985 108.767 138.098
202009 27.588 109.815 33.105
202012 68.252 109.897 81.840
202103 63.909 111.754 75.359
202106 -24.108 114.631 -27.714
202109 110.796 115.734 126.153
202112 -54.309 117.630 -60.840
202203 108.461 121.301 117.827
202206 -102.999 125.017 -108.568
202209 91.615 125.227 96.407
202212 -128.429 125.222 -135.151
202303 42.802 127.348 44.290
202306 227.786 128.729 233.179
202309 88.570 129.860 89.877
202312 8.208 129.419 8.357
202403 46.701 131.776 46.701

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


MCB Bank  (KAR:MCB) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=199.44/130.41
=1.53

* 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 MCB Bank was 1.77. The lowest was 1.01. And the median was 1.31.


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.


MCB Bank Cyclically Adjusted FCF per Share Related Terms

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


MCB Bank (KAR:MCB) Business Description

Industry
Traded in Other Exchanges
N/A
Address
15-Main Gulberg, Jail Road, MCB House, Gulburg, Lahore, PB, PAK
MCB Bank Ltd is a commercial banking company operating in Pakistan. The bank provides services through its segments such as Retail Banking, Corporate Banking, Consumer Banking, Treasury, and International banking. The majority of the bank's revenues are generated from the Retail banking segment, which includes retail lending and deposits, banking services, cards, and branchless banking. Retail banking offers services such as retail and private lending & deposits and other banking services offered to individual customers and small and medium-term companies. MCB Bank derives majority of its business from its domestic operations. It also has branches across South Asia and the Middle East.

MCB Bank (KAR:MCB) Headlines

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