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Grupo Security (XSGO:SECURITY) Cyclically Adjusted FCF per Share : CLP-61.84 (As of Mar. 2024)


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What is Grupo Security 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.

Grupo Security's adjusted free cash flow per share for the three months ended in Mar. 2024 was CLP25.579. 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 CLP-61.84 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -60.90% 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 Grupo Security was -60.90% per year. The lowest was -60.90% per year. And the median was -60.90% per year.

As of today (2024-06-06), Grupo Security's current stock price is CLP272.29. Grupo Security's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was CLP-61.84. Grupo Security's Cyclically Adjusted Price-to-FCF of today is .


Grupo Security Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Grupo Security'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.

Grupo Security Cyclically Adjusted FCF per Share Chart

Grupo Security 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 - -15.60 -39.24 -61.29 -65.01

Grupo Security 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 -57.35 -63.30 -63.70 -65.01 -61.84

Competitive Comparison of Grupo Security's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Grupo Security'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.


Grupo Security's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Grupo Security 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, Grupo Security'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)
=25.579/146.1089*146.1089
=25.579

Current CPI (Mar. 2024) = 146.1089.

Grupo Security Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -10.462 95.543 -15.999
201409 -17.822 96.883 -26.877
201412 29.973 97.515 44.909
201503 29.422 98.539 43.625
201506 1.444 99.770 2.115
201509 35.634 101.383 51.354
201512 -8.021 101.775 -11.515
201603 -19.509 102.930 -27.693
201606 -5.203 103.965 -7.312
201609 19.884 104.521 27.796
201612 -27.298 104.532 -38.156
201703 -18.520 105.752 -25.588
201706 62.242 105.730 86.012
201709 27.718 106.035 38.193
201712 18.089 106.907 24.722
201803 -3.851 107.670 -5.226
201806 23.808 108.421 32.084
201809 -38.227 109.369 -51.068
201812 -26.797 109.653 -35.706
201903 12.083 110.339 16.000
201906 41.987 111.352 55.093
201909 -35.152 111.821 -45.931
201912 52.829 112.943 68.342
202003 -68.729 114.468 -87.727
202006 -239.619 114.283 -306.349
202009 91.780 115.275 116.330
202012 -81.767 116.299 -102.726
202103 -45.052 117.770 -55.893
202106 -108.209 118.630 -133.274
202109 -42.856 121.431 -51.566
202112 -38.218 124.634 -44.803
202203 24.555 128.850 27.844
202206 -88.051 133.448 -96.405
202209 -4.633 138.101 -4.902
202212 -94.272 140.574 -97.984
202303 -7.199 143.145 -7.348
202306 -23.449 143.538 -23.869
202309 47.039 145.172 47.343
202312 -21.871 146.109 -21.871
202403 25.579 146.109 25.579

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


Grupo Security  (XSGO:SECURITY) 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.


Grupo Security Cyclically Adjusted FCF per Share Related Terms

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


Grupo Security (XSGO:SECURITY) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Apoquindo 3150, Piso 14, Las Condes, Santiago, CHL
Grupo Security SA is a Chile-based diversified financial company. It offers banking, insurance, asset management, and other services to individuals and large and midsize companies. Grupo Security has four main business segments: Banco Security & Factoring Security for lending, Inversiones Security for asset management and stock brokerage, Vida Security for insurance, and Travel Security & Inmobiliaria Security for nonfinancial products and services. Banco Security & Factoring Security is focused on commercial banking but also offers treasury and other services. Inversiones Security provides advisory services to help private, corporate, and institutional customers manage assets. Vida Security provides traditional life insurance and annuities.

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