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Midland States Bancorp (Midland States Bancorp) Cyclically Adjusted Price-to-FCF : 2.00 (As of Jun. 06, 2024)


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What is Midland States Bancorp Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Midland States Bancorp's current share price is $22.38. Midland States Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $11.17. Midland States Bancorp's Cyclically Adjusted Price-to-FCF for today is 2.00.

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

MSBI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.82   Med: 2.13   Max: 2.57
Current: 2.01

During the past years, Midland States Bancorp's highest Cyclically Adjusted Price-to-FCF was 2.57. The lowest was 1.82. And the median was 2.13.

MSBI's Cyclically Adjusted Price-to-FCF is ranked better than
88.62% of 826 companies
in the Banks industry
Industry Median: 7.3 vs MSBI: 2.01

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.

Midland States Bancorp's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.211. 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 $11.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Midland States Bancorp Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Midland States 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.

Midland States Bancorp Cyclically Adjusted Price-to-FCF Chart

Midland States 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 - - - - 2.47

Midland States 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 - 1.82 1.91 2.47 2.25

Competitive Comparison of Midland States Bancorp's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Midland States 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.


Midland States Bancorp's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Midland States 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.

Midland States Bancorp's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.38/11.17
=2.00

* 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.

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

For example, Midland States 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)
=1.211/131.7762*131.7762
=1.211

Current CPI (Mar. 2024) = 131.7762.

Midland States Bancorp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201103 0.054 94.283 0.075
201312 0.000 98.326 0.000
201412 0.000 99.070 0.000
201503 2.149 99.621 2.843
201506 -1.227 100.684 -1.606
201509 3.576 100.392 4.694
201512 0.028 99.792 0.037
201603 -3.264 100.470 -4.281
201606 1.580 101.688 2.048
201609 3.517 101.861 4.550
201612 -0.432 101.863 -0.559
201703 2.829 102.862 3.624
201706 0.137 103.349 0.175
201709 0.444 104.136 0.562
201712 0.349 104.011 0.442
201803 1.710 105.290 2.140
201806 -0.147 106.317 -0.182
201809 1.118 106.507 1.383
201812 1.229 105.998 1.528
201903 1.186 107.251 1.457
201906 0.890 108.070 1.085
201909 15.867 108.329 19.301
201912 3.677 108.420 4.469
202003 2.194 108.902 2.655
202006 6.914 108.767 8.377
202009 8.224 109.815 9.869
202012 4.092 109.897 4.907
202103 6.989 111.754 8.241
202106 2.551 114.631 2.933
202109 3.702 115.734 4.215
202112 1.453 117.630 1.628
202203 1.730 121.301 1.879
202206 5.138 125.017 5.416
202209 2.253 125.227 2.371
202212 1.762 125.222 1.854
202303 0.588 127.348 0.608
202306 1.930 128.729 1.976
202309 0.189 129.860 0.192
202312 3.926 129.419 3.997
202403 1.211 131.776 1.211

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.


Midland States Bancorp  (NAS:MSBI) 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.


Midland States Bancorp Cyclically Adjusted Price-to-FCF Related Terms

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


Midland States Bancorp (Midland States Bancorp) Business Description

Traded in Other Exchanges
Address
1201 Network Centre Drive, Effingham, IL, USA, 62401
Midland States Bancorp Inc is a diversified financial holding company. The company provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. The Banking segment provides a wide range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment financing; mortgage loan sales and servicing; letters of credit. etc. The Wealth Management segment consists of trust and fiduciary services, brokerage and retirement planning services. The Other segment includes the operating results of the parent company.
Executives
Donald J. Spring officer: Chief Accounting Officer 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Douglas J. Tucker officer: SVP Corporate Counsel MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Richard Dean Bingham director 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Jeffrey S. Mefford officer: EVP-Banking, Midland States Bank MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Robert F. Schultz director MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Jeffrey C. Smith director MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Eric Lemke officer: Chief Financial Officer 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Jerry L. Mcdaniel director 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Sherina M. Edwards director 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Jeffrey A. Brunoehler officer: SVP Credit - CCO, Midland States Bank MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Jeffrey G. Ludwig officer: EVP & CFO MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Jeffrey M Mcdonnell director 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
John M Schultz director MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Leon J Holschbach director, officer: CEO C/O MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Stephen A. Erickson officer: Chief Financial Officer 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401