GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Financial Holding Co Ltd (GREY:FFHMY) » Definitions » Cyclically Adjusted Price-to-FCF

First Financial Holding Co (First Financial Holding Co) Cyclically Adjusted Price-to-FCF : 27.88 (As of Jun. 07, 2024)


View and export this data going back to 2011. Start your Free Trial

What is First Financial Holding Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), First Financial Holding Co's current share price is $10.31577. First Financial Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.37. First Financial Holding Co's Cyclically Adjusted Price-to-FCF for today is 27.88.

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

FFHMY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.64   Med: 19.6   Max: 30.85
Current: 27.76

During the past years, First Financial Holding Co's highest Cyclically Adjusted Price-to-FCF was 30.85. The lowest was 12.64. And the median was 19.60.

FFHMY's Cyclically Adjusted Price-to-FCF is ranked worse than
94.55% of 826 companies
in the Banks industry
Industry Median: 7.32 vs FFHMY: 27.76

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 Holding Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-2.604. 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 $0.37 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Financial Holding Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Financial Holding Co'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 Holding Co Cyclically Adjusted Price-to-FCF Chart

First Financial Holding Co 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 16.09 20.87 14.87 13.47 16.40

First Financial Holding Co 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 19.03 20.17 22.92 16.40 27.96

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

For the Banks - Regional subindustry, First Financial Holding Co'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 Holding Co's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.31577/0.37
=27.88

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

For example, First Financial Holding Co'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)
=-2.604/131.7762*131.7762
=-2.604

Current CPI (Mar. 2024) = 131.7762.

First Financial Holding Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.401 100.560 1.836
201409 -1.660 100.428 -2.178
201412 0.117 99.070 0.156
201503 1.307 99.621 1.729
201506 2.174 100.684 2.845
201509 -0.351 100.392 -0.461
201512 -0.545 99.792 -0.720
201603 -1.349 100.470 -1.769
201606 -0.649 101.688 -0.841
201609 0.696 101.861 0.900
201612 0.214 101.863 0.277
201703 -1.008 102.862 -1.291
201706 -0.488 103.349 -0.622
201709 0.258 104.136 0.326
201712 0.722 104.011 0.915
201803 -0.946 105.290 -1.184
201806 4.649 106.317 5.762
201809 -1.878 106.507 -2.324
201812 -1.154 105.998 -1.435
201903 -0.690 107.251 -0.848
201906 -0.203 108.070 -0.248
201909 1.629 108.329 1.982
201912 2.779 108.420 3.378
202003 -3.812 108.902 -4.613
202006 -0.708 108.767 -0.858
202009 3.530 109.815 4.236
202012 -1.544 109.897 -1.851
202103 1.638 111.754 1.931
202106 -1.041 114.631 -1.197
202109 0.775 115.734 0.882
202112 2.868 117.630 3.213
202203 -0.679 121.301 -0.738
202206 -1.119 125.017 -1.180
202209 0.765 125.227 0.805
202212 2.181 125.222 2.295
202303 -1.806 127.348 -1.869
202306 -0.827 128.729 -0.847
202309 -0.318 129.860 -0.323
202312 3.467 129.419 3.530
202403 -2.604 131.776 -2.604

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 Holding Co  (GREY:FFHMY) 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 Holding Co Cyclically Adjusted Price-to-FCF Related Terms

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


First Financial Holding Co (First Financial Holding Co) Business Description

Traded in Other Exchanges
Address
No. 30, Chongqing South Road, 18th Floor, Section 1, Taipei, TWN, 100
First Financial Holding Co Ltd is a financial services holding company that consists of various subsidiaries. Most of the company's activities are overwhelmingly concentrated in Taiwan. Its largest revenue-contributing subsidiary, First Bank, derives most of its net revenue from net interest income. First Bank's expansion strategy targets China and Southeast Asia, as well as developed economies across the globe. First Bank emphasizes distribution chain financing and has adjusted its loan portfolio away from capital-intensive lending, together with a focus on fee-based businesses. The company also engages in asset management, securities trading, brokerage services, insurance, venture capital, consulting, and distressed asset investing.

First Financial Holding Co (First Financial Holding Co) Headlines

From GuruFocus