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OTP Bank (BUD:OTP) Cyclically Adjusted Price-to-FCF : 4.04 (As of Jun. 08, 2024)


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

As of today (2024-06-08), OTP Bank's current share price is Ft17410.00. OTP Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was Ft4,308.08. OTP Bank's Cyclically Adjusted Price-to-FCF for today is 4.04.

The historical rank and industry rank for OTP Bank's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BUD:OTP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.96   Med: 4.02   Max: 6.97
Current: 4.02

During the past years, OTP Bank's highest Cyclically Adjusted Price-to-FCF was 6.97. The lowest was 1.96. And the median was 4.02.

BUD:OTP's Cyclically Adjusted Price-to-FCF is ranked better than
74.19% of 829 companies
in the Banks industry
Industry Median: 7.33 vs BUD:OTP: 4.02

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.

OTP Bank's adjusted free cash flow per share data for the three months ended in Mar. 2024 was Ft2,323.138. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is Ft4,308.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


OTP Bank Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for OTP Bank'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.

OTP Bank Cyclically Adjusted Price-to-FCF Chart

OTP Bank 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 6.39 5.08 5.35 2.54 3.79

OTP 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 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 2.12 3.21 3.39 3.79 3.90

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

For the Banks - Regional subindustry, OTP 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.


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

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

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



OTP Bank 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.

OTP Bank's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17410.00/4308.08
=4.04

* 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.

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

For example, OTP 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)
=2323.138/163.8786*163.8786
=2,323.138

Current CPI (Mar. 2024) = 163.8786.

OTP Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 72.161 100.370 117.820
201409 2,973.991 100.074 4,870.131
201412 1,156.578 98.816 1,918.100
201503 134.589 99.704 221.218
201506 -229.053 100.962 -371.791
201509 1,075.273 99.704 1,767.376
201512 789.518 99.704 1,297.694
201603 429.954 99.482 708.272
201606 -339.870 100.814 -552.476
201609 567.163 100.370 926.032
201612 1,072.377 101.406 1,733.023
201703 -542.299 102.147 -870.036
201706 858.489 102.724 1,369.574
201709 620.969 102.902 988.940
201712 851.451 103.627 1,346.509
201803 529.865 104.219 833.183
201806 -423.487 105.922 -655.207
201809 1,029.573 106.588 1,582.969
201812 -424.233 106.440 -653.165
201903 739.772 108.068 1,121.819
201906 702.566 109.475 1,051.711
201909 1,220.689 109.623 1,824.852
201912 104.250 110.659 154.388
202003 261.923 112.287 382.266
202006 1,723.961 112.583 2,509.434
202009 768.259 113.398 1,110.264
202012 1,026.786 113.694 1,480.015
202103 1,633.654 116.358 2,300.832
202106 -839.889 118.579 -1,160.746
202109 2,528.684 119.541 3,466.567
202112 2,220.646 122.058 2,981.511
202203 1,198.669 126.351 1,554.688
202206 916.156 132.420 1,133.801
202209 3,742.693 143.597 4,271.301
202212 -1,601.552 152.036 -1,726.308
202303 6,738.382 158.105 6,984.446
202306 -9,280.214 158.993 -9,565.362
202309 1,205.868 161.140 1,226.363
202312 3,012.310 160.400 3,077.644
202403 2,323.138 163.879 2,323.138

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.


OTP Bank  (BUD:OTP) 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.


OTP Bank Cyclically Adjusted Price-to-FCF Related Terms

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


OTP Bank (BUD:OTP) Business Description

Industry
Traded in Other Exchanges
Address
16, Nador Street, Budapest, HUN, 1051
OTP Bank PLC provides universal financial services through several subsidiaries. It performs banking operations via its bank in Hungary. The Group's operating segments are as follows: OTP Core Hungary, Russia, Ukraine, Bulgaria, Romania, Serbia, Croatia, Montenegro, Albania, Moldova, Slovenia, Merkantil Group, Asset Management subsidiaries, other subsidiaries, Corporate Centre. The Bank provides comprehensive banking & other financial services to both retail & corporate customers: its activities include deposit collection from customers, raising money from the money & capital markets; It also offers mortgage loans, consumer credits, working capital & investment loans to companies, and municipalities. A majority of the bank's net revenue is net interest income.

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