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First Financial Bancorp (First Financial Bancorp) Cyclically Adjusted Price-to-FCF : 9.43 (As of May. 18, 2024)


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What is First Financial Bancorp Cyclically Adjusted Price-to-FCF?

As of today (2024-05-18), First Financial Bancorp's current share price is $23.66. First Financial Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.51. First Financial Bancorp's Cyclically Adjusted Price-to-FCF for today is 9.43.

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

FFBC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.24   Med: 10.06   Max: 15.86
Current: 9.41

During the past years, First Financial Bancorp's highest Cyclically Adjusted Price-to-FCF was 15.86. The lowest was 5.24. And the median was 10.06.

FFBC's Cyclically Adjusted Price-to-FCF is ranked worse than
62.75% of 835 companies
in the Banks industry
Industry Median: 7.52 vs FFBC: 9.41

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.

First Financial Bancorp's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.261. 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 $2.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Financial Bancorp Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Financial Bancorp'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.

First Financial Bancorp Cyclically Adjusted Price-to-FCF Chart

First Financial Bancorp 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 10.44 7.87 10.14 10.43 9.62

First Financial Bancorp 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 8.71 8.17 7.80 9.62 8.92

Competitive Comparison of First Financial Bancorp's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, First Financial Bancorp'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.


First Financial Bancorp's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where First Financial Bancorp's Cyclically Adjusted Price-to-FCF falls into.



First Financial Bancorp 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.

First Financial Bancorp's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.66/2.51
=9.43

* 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.

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

For example, First Financial Bancorp'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)
=0.261/131.7762*131.7762
=0.261

Current CPI (Mar. 2024) = 131.7762.

First Financial Bancorp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.078 100.560 0.102
201409 0.335 100.428 0.440
201412 0.159 99.070 0.211
201503 0.208 99.621 0.275
201506 0.630 100.684 0.825
201509 0.050 100.392 0.066
201512 0.471 99.792 0.622
201603 0.091 100.470 0.119
201606 0.579 101.688 0.750
201609 0.480 101.861 0.621
201612 0.992 101.863 1.283
201703 0.462 102.862 0.592
201706 0.145 103.349 0.185
201709 0.811 104.136 1.026
201712 0.463 104.011 0.587
201803 0.761 105.290 0.952
201806 0.545 106.317 0.676
201809 0.589 106.507 0.729
201812 0.843 105.998 1.048
201903 0.373 107.251 0.458
201906 0.154 108.070 0.188
201909 0.413 108.329 0.502
201912 0.731 108.420 0.888
202003 -1.342 108.902 -1.624
202006 0.572 108.767 0.693
202009 0.191 109.815 0.229
202012 1.522 109.897 1.825
202103 1.477 111.754 1.742
202106 0.579 114.631 0.666
202109 0.756 115.734 0.861
202112 1.071 117.630 1.200
202203 1.492 121.301 1.621
202206 1.248 125.017 1.315
202209 -0.992 125.227 -1.044
202212 -0.072 125.222 -0.076
202303 1.766 127.348 1.827
202306 1.044 128.729 1.069
202309 0.900 129.860 0.913
202312 0.512 129.419 0.521
202403 0.261 131.776 0.261

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.


First Financial Bancorp  (NAS:FFBC) 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.


First Financial Bancorp Cyclically Adjusted Price-to-FCF Related Terms

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


First Financial Bancorp (First Financial Bancorp) Business Description

Traded in Other Exchanges
Address
225 Pictoria Dr., Suite 700, Cincinnati, OH, USA, 45246
First Financial Bancorp is a mid-sized, regional bank holding company. It operates through its wholly-owned subsidiary, First Financial Bank, and provides banking and financial services products through its six lines of business Commercial, Retail Banking, Mortgage Banking, Wealth Management, Investment Commercial Real Estate, and Commercial Finance. First Financial utilizes a community banking business model and serves a combination of metropolitan and non-metropolitan markets through full-service banking centers around Indiana, Ohio, and Kentucky. The primary component of its loan portfolio is commercial real estate loans, followed by commercial and industrial loans. A majority of First Financial's net revenue is net interest income.
Executives
William G Barron director 255 E FIFTH STREET, CINCINNATI OH 45202
Richard S Dennen officer: President, Oak Street Funding 255 E FIFTH STREET, CINCINNATI OH 45202
Andre T Porter director 255 E FIFTH STREET, CINCINNATI OH 45202
Dawn C Morris director 255 E. FIFTH STREET, CINCINNATI OH 45202
Claude E Davis director, officer: President & CEO 255 E FIFTH STREET, CINCINNATI OH 45202
Gary W Warzala director 255 E FIFTH STREET, CINCINNATI OH 45202
Brown Archie M Jr director, officer: Chief Executive Officer 255 E FIFTH STREET, CINCINNATI OH 45202
Vince Berta director 255 E FIFTH STREET, CINCINNATI OH 45202
First Financial Bancorp /oh/ officer: President, Wealth Management 255 EAST FIFTH STREET, SUITE 800, CINCINNATI OH 45202
Maribeth S Rahe director 255 E FIFTH STREET, CINCINNATI OH 45202
Purkrabek Knust Susan L director 255 E FIFTH STREET, CINCINNATI OH 45202
J Wickliffe Ach director 300 HIGH STREET, HAMILTON OH 45011
Thomas Murray Obrien director 255 E FIFTH STREET, CINCINNATI OH 45202
Cynthia O Booth director 255 E. FIFTH STREET, CINCINNATI OH 45202
John T Neighbours director 255 E FIFTH STREET, SUITE 2900, CINCINNATI OH 45202