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Union Bank of Nigeria (NSA:UBNP) Cyclically Adjusted Price-to-FCF : 6.16 (As of Jun. 02, 2024)


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What is Union Bank of Nigeria Cyclically Adjusted Price-to-FCF?

As of today (2024-06-02), Union Bank of Nigeria's current share price is ₦6.65. Union Bank of Nigeria's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2023 was ₦1.08. Union Bank of Nigeria's Cyclically Adjusted Price-to-FCF for today is 6.16.

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

NSA:UBNP's Cyclically Adjusted Price-to-FCF is not ranked *
in the Banks industry.
Industry Median: 7.35
* Ranked among companies with meaningful Cyclically Adjusted Price-to-FCF only.

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.

Union Bank of Nigeria's adjusted free cash flow per share data for the three months ended in Mar. 2023 was ₦-0.169. 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 ₦1.08 for the trailing ten years ended in Mar. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Union Bank of Nigeria Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Union Bank of Nigeria'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.

Union Bank of Nigeria Cyclically Adjusted Price-to-FCF Chart

Union Bank of Nigeria Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 37.06 14.63

Union Bank of Nigeria Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 - 7.30 10.25 14.63 6.51

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

For the Banks - Regional subindustry, Union Bank of Nigeria'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.


Union Bank of Nigeria's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Union Bank of Nigeria 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.

Union Bank of Nigeria's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.65/1.08
=6.16

* 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.

Union Bank of Nigeria's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2023 is calculated as:

For example, Union Bank of Nigeria's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=-0.169/127.3478*127.3478
=-0.169

Current CPI (Mar. 2023) = 127.3478.

Union Bank of Nigeria Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201306 0.000 98.518 0.000
201309 0.000 98.790 0.000
201312 0.000 98.326 0.000
201403 -2.416 99.695 -3.086
201406 -4.330 100.560 -5.483
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 -1.589 99.621 -2.031
201506 0.000 100.684 0.000
201509 0.000 100.392 0.000
201512 0.000 99.792 0.000
201603 -0.247 100.470 -0.313
201606 0.000 101.688 0.000
201609 0.742 101.861 0.928
201612 -0.654 101.863 -0.818
201703 4.295 102.862 5.317
201706 0.231 103.349 0.285
201709 -1.100 104.136 -1.345
201712 -1.258 104.011 -1.540
201803 -0.107 105.290 -0.129
201806 1.537 106.317 1.841
201809 -1.252 106.507 -1.497
201812 0.594 105.998 0.714
201903 -1.626 107.251 -1.931
201906 4.173 108.070 4.917
201909 2.318 108.329 2.725
201912 -0.578 108.420 -0.679
202003 -5.383 108.902 -6.295
202006 7.963 108.767 9.323
202009 -3.757 109.815 -4.357
202012 -0.865 109.897 -1.002
202103 3.224 111.754 3.674
202106 -3.607 114.631 -4.007
202109 7.534 115.734 8.290
202112 2.537 117.630 2.747
202203 -2.388 121.301 -2.507
202206 7.395 125.017 7.533
202209 -1.577 125.227 -1.604
202212 -1.147 125.222 -1.166
202303 -0.169 127.348 -0.169

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.


Union Bank of Nigeria  (NSA:UBNP) 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.


Union Bank of Nigeria Cyclically Adjusted Price-to-FCF Related Terms

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Union Bank of Nigeria (NSA:UBNP) Business Description

Traded in Other Exchanges
N/A
Address
Stallion Plaza, 36 Marina, Lagos, NGA, 2027
Union Bank of Nigeria PLC is a banking corporation. The principal activity of the Bank is the provision of banking and related financial services to corporate and individual customers. The company offers flexible current and savings accounts, cash management, trade finance, credit solutions, and treasury solutions. The company also provides personal loans, overdrafts, and advances to individuals as well as small and medium enterprises and corporates. The Bank also provides treasury services to high-net-worth individuals, commercial clients, corporates, and nonbanking financial institutions. The bank manages its business in four segments namely Retail Bank, Commercial Bank, Corporate Bank, and Treasury.

Union Bank of Nigeria (NSA:UBNP) Headlines

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