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Far Eastern International Bank (TPE:2845) Cyclically Adjusted FCF per Share : NT$-0.85 (As of Mar. 2024)


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What is Far Eastern International 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.

Far Eastern International Bank's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$3.208. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-0.85 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -25.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -10.00% 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 Far Eastern International Bank was 10.40% per year. The lowest was -25.10% per year. And the median was -20.90% per year.

As of today (2024-06-11), Far Eastern International Bank's current stock price is NT$15.50. Far Eastern International Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-0.85. Far Eastern International Bank's Cyclically Adjusted Price-to-FCF of today is .


Far Eastern International Bank Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Far Eastern International 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.

Far Eastern International Bank Cyclically Adjusted FCF per Share Chart

Far Eastern International 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 -1.28 -1.00 -1.02 -2.26 -1.96

Far Eastern International 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 -1.40 -1.36 -1.03 -1.96 -0.85

Competitive Comparison of Far Eastern International Bank's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Far Eastern International 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.


Far Eastern International Bank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Far Eastern International 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, Far Eastern International 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)
=3.208/131.7762*131.7762
=3.208

Current CPI (Mar. 2024) = 131.7762.

Far Eastern International Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.165 100.560 -0.216
201409 -0.728 100.428 -0.955
201412 1.168 99.070 1.554
201503 -1.194 99.621 -1.579
201506 -0.128 100.684 -0.168
201509 0.120 100.392 0.158
201512 3.940 99.792 5.203
201603 -3.162 100.470 -4.147
201606 -0.108 101.688 -0.140
201609 -14.465 101.861 -18.713
201612 -2.084 101.863 -2.696
201703 6.463 102.862 8.280
201706 -4.642 103.349 -5.919
201709 -0.640 104.136 -0.810
201712 1.104 104.011 1.399
201803 -0.261 105.290 -0.327
201806 0.047 106.317 0.058
201809 4.057 106.507 5.020
201812 -2.710 105.998 -3.369
201903 -1.151 107.251 -1.414
201906 0.438 108.070 0.534
201909 -3.245 108.329 -3.947
201912 4.256 108.420 5.173
202003 2.965 108.902 3.588
202006 -6.177 108.767 -7.484
202009 6.029 109.815 7.235
202012 1.182 109.897 1.417
202103 -2.983 111.754 -3.517
202106 1.499 114.631 1.723
202109 3.742 115.734 4.261
202112 -0.518 117.630 -0.580
202203 -2.323 121.301 -2.524
202206 6.645 125.017 7.004
202209 -6.059 125.227 -6.376
202212 -3.495 125.222 -3.678
202303 4.147 127.348 4.291
202306 -3.373 128.729 -3.453
202309 4.783 129.860 4.854
202312 -1.426 129.419 -1.452
202403 3.208 131.776 3.208

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


Far Eastern International Bank  (TPE:2845) 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.


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.


Far Eastern International Bank Cyclically Adjusted FCF per Share Related Terms

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


Far Eastern International Bank (TPE:2845) Business Description

Traded in Other Exchanges
N/A
Address
No. 207, Tun Hwa South Road, 26, 27th Floor, Section 2, Taipei, TWN
Far Eastern International Bank is a provider of financial solutions in Taiwan. The bank serves both individual and institutional customers through personal banking and corporate banking. The bank offers services such as savings and checking accounts, foreign exchange services, insurance, tax-savings, wealth management, credit cards, consumer loans, mortgages, car loans, offshore banking services, derivatives, margin trading, asset swaps, trading of government and corporate bonds, bank debentures, trusts, and real estate services. The bank generates all revenue domestically.

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