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Fulton Financial (FRA:FU5) Cyclically Adjusted Price-to-FCF : 9.45 (As of Jun. 03, 2024)


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What is Fulton Financial Cyclically Adjusted Price-to-FCF?

As of today (2024-06-03), Fulton Financial's current share price is €15.40. Fulton Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.63. Fulton Financial's Cyclically Adjusted Price-to-FCF for today is 9.45.

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

FRA:FU5' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.03   Med: 10.73   Max: 14.85
Current: 9.52

During the past years, Fulton Financial's highest Cyclically Adjusted Price-to-FCF was 14.85. The lowest was 6.03. And the median was 10.73.

FRA:FU5's Cyclically Adjusted Price-to-FCF is ranked worse than
65.78% of 827 companies
in the Banks industry
Industry Median: 7.43 vs FRA:FU5: 9.52

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.

Fulton Financial's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.845. 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 €1.63 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fulton Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fulton Financial'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.

Fulton Financial Cyclically Adjusted Price-to-FCF Chart

Fulton Financial 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 12.96 9.92 12.49 10.39 9.77

Fulton Financial 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 8.45 7.01 6.79 9.77 8.98

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

For the Banks - Regional subindustry, Fulton Financial'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.


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

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

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



Fulton Financial 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.40/1.63
=9.45

* 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.

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

For example, Fulton Financial'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)
=0.845/131.7762*131.7762
=0.845

Current CPI (Mar. 2024) = 131.7762.

Fulton Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.111 100.560 0.145
201409 0.200 100.428 0.262
201412 0.245 99.070 0.326
201503 0.119 99.621 0.157
201506 0.198 100.684 0.259
201509 0.268 100.392 0.352
201512 0.184 99.792 0.243
201603 0.127 100.470 0.167
201606 0.165 101.688 0.214
201609 0.327 101.861 0.423
201612 0.464 101.863 0.600
201703 0.343 102.862 0.439
201706 0.048 103.349 0.061
201709 0.556 104.136 0.704
201712 0.306 104.011 0.388
201803 0.262 105.290 0.328
201806 0.270 106.317 0.335
201809 0.435 106.507 0.538
201812 0.271 105.998 0.337
201903 0.139 107.251 0.171
201906 0.153 108.070 0.187
201909 -0.199 108.329 -0.242
201912 0.405 108.420 0.492
202003 -0.280 108.902 -0.339
202006 0.025 108.767 0.030
202009 0.314 109.815 0.377
202012 0.621 109.897 0.745
202103 1.021 111.754 1.204
202106 0.121 114.631 0.139
202109 0.426 115.734 0.485
202112 0.087 117.630 0.097
202203 -0.635 121.301 -0.690
202206 0.533 125.017 0.562
202209 3.161 125.227 3.326
202212 0.375 125.222 0.395
202303 0.241 127.348 0.249
202306 0.896 128.729 0.917
202309 1.110 129.860 1.126
202312 -0.402 129.419 -0.409
202403 0.845 131.776 0.845

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.


Fulton Financial  (FRA:FU5) 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.


Fulton Financial Cyclically Adjusted Price-to-FCF Related Terms

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


Fulton Financial (FRA:FU5) Business Description

Industry
Traded in Other Exchanges
Address
One Penn Square, P.O Box 4887, Lancaster, PA, USA, 17602
Fulton Financial is a U.S.-based financial services holding company that operates in five states: Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It offers a range of consumer and commercial banking products and services, such as checking and savings deposit products and loan products. Its services cover five distinct divisions: consumer banking, commercial banking, mortgage banking, wealth management, and other. The bank derives its revenue from non-interest income, led by its Wealth Management division.

Fulton Financial (FRA:FU5) Headlines

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