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Bank Millennium (Bank Millennium) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


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What is Bank Millennium Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank Millennium Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bank Millennium'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.

Bank Millennium Cyclically Adjusted Price-to-FCF Chart

Bank Millennium 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 3.40 2.16 4.49 1.79 2.36

Bank Millennium 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 1.61 1.88 1.69 2.36 2.43

Competitive Comparison of Bank Millennium's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Bank Millennium'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 Millennium's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Bank Millennium 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.

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

For example, Bank Millennium'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)
=20.857/149.0435*149.0435
=20.857

Current CPI (Mar. 2024) = 149.0435.

Bank Millennium Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.810 101.180 2.666
201409 1.106 100.611 1.638
201412 -1.219 100.122 -1.815
201503 -4.440 100.041 -6.615
201506 6.776 100.448 10.054
201509 3.814 99.634 5.705
201512 7.539 99.471 11.296
201603 -1.891 98.983 -2.847
201606 2.432 99.552 3.641
201609 4.443 99.064 6.685
201612 3.958 100.366 5.878
201703 0.915 101.018 1.350
201706 1.976 101.180 2.911
201709 0.384 101.343 0.565
201712 4.208 102.564 6.115
201803 0.298 102.564 0.433
201806 -3.979 103.378 -5.737
201809 -0.314 103.378 -0.453
201812 17.222 103.785 24.732
201903 -3.285 104.274 -4.695
201906 -7.363 105.983 -10.355
201909 6.824 105.983 9.597
201912 1.413 107.123 1.966
202003 2.654 109.076 3.626
202006 7.988 109.402 10.882
202009 -2.971 109.320 -4.051
202012 -17.763 109.565 -24.163
202103 16.799 112.658 22.225
202106 -0.550 113.960 -0.719
202109 -5.198 115.588 -6.702
202112 -2.700 119.088 -3.379
202203 19.743 125.031 23.535
202206 -3.804 131.705 -4.305
202209 3.389 135.531 3.727
202212 11.589 139.113 12.416
202303 10.456 145.950 10.678
202306 7.445 147.009 7.548
202309 23.065 146.113 23.528
202312 3.684 147.741 3.716
202403 20.857 149.044 20.857

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.


Bank Millennium  (OTCPK:BMSAF) 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.


Bank Millennium Cyclically Adjusted Price-to-FCF Related Terms

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


Bank Millennium (Bank Millennium) Business Description

Industry
Traded in Other Exchanges
Address
ul. Stanis?awa ?aryna 2A, Warsaw, POL, 02-593
Bank Millennium SA is a commercial bank group operating in Poland. The bank's operating segments include retail, corporate, and treasury banking. The retail segment includes services to mass market individual clients, affluent clients, individual entrepreneurs, and small businesses. The corporate segment includes services to medium and large companies as well as public sector entities. The treasury segment comprises the Group's treasury investments, interbank market transactions, taking positions in debt securities, brokerage activity as well as other transactions. The company derives the majority of its revenue from the retail segment.

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