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Signature Bank (Signature Bank) Cyclically Adjusted FCF per Share : $13.20 (As of Dec. 2022)


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What is Signature Bank Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Signature Bank's adjusted free cash flow per share for the three months ended in Dec. 2022 was $1.176. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $13.20 for the trailing ten years ended in Dec. 2022.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2024-04-28), Signature Bank's current stock price is $3.35. Signature Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2022 was $13.20. Signature Bank's Cyclically Adjusted Price-to-FCF of today is 0.25.


Signature Bank Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Signature Bank's Cyclically Adjusted FCF per Share 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.

Signature Bank Cyclically Adjusted FCF per Share Chart

Signature Bank Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.90 9.75 10.87 12.02 13.20

Signature Bank Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Cyclically Adjusted FCF per Share 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 12.02 11.74 12.53 13.44 13.20

Competitive Comparison of Signature Bank's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Signature Bank'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.


Signature Bank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Signature Bank Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Signature Bank's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2022 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=1.176/125.2218*125.2218
=1.176

Current CPI (Dec. 2022) = 125.2218.

Signature Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201303 0.862 98.209 1.099
201306 -3.854 98.518 -4.899
201309 2.642 98.790 3.349
201312 4.290 98.326 5.463
201403 1.565 99.695 1.966
201406 3.512 100.560 4.373
201409 2.306 100.428 2.875
201412 0.858 99.070 1.084
201503 6.522 99.621 8.198
201506 -2.030 100.684 -2.525
201509 0.401 100.392 0.500
201512 5.394 99.792 6.769
201603 2.837 100.470 3.536
201606 -1.461 101.688 -1.799
201609 4.035 101.861 4.960
201612 4.785 101.863 5.882
201703 7.168 102.862 8.726
201706 -2.773 103.349 -3.360
201709 6.928 104.136 8.331
201712 -1.656 104.011 -1.994
201803 1.648 105.290 1.960
201806 2.524 106.317 2.973
201809 3.660 106.507 4.303
201812 3.887 105.998 4.592
201903 8.889 107.251 10.378
201906 2.894 108.070 3.353
201909 1.251 108.329 1.446
201912 0.722 108.420 0.834
202003 5.012 108.902 5.763
202006 5.211 108.767 5.999
202009 5.500 109.815 6.272
202012 0.745 109.897 0.849
202103 12.490 111.754 13.995
202106 0.693 114.631 0.757
202109 -5.051 115.734 -5.465
202112 6.837 117.630 7.278
202203 -2.891 121.301 -2.984
202206 6.286 125.017 6.296
202209 9.697 125.227 9.697
202212 1.176 125.222 1.176

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Signature Bank  (OTCPK:SBNY) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Signature Bank's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.35/13.2
=0.25

* 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.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Signature Bank Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Signature Bank's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Signature Bank (Signature Bank) Business Description

Industry
Traded in Other Exchanges
Address
565 Fifth Avenue, New York, NY, USA, 10017
Signature Bank is a New York-based commercial bank. It is engaged in offering a wide range of business and personal banking products and services. The operating segments of the company are Commercial banking and Specialty finance. The company operates in New York and derives a majority of its revenue from the Commercial banking segment, which consists principally of commercial real estate lending, fund banking, venture banking, commercial and industrial lending, and commercial deposit gathering activities. Specialty Finance consists of financing and leasing products, including equipment, transportation, taxi medallion, commercial marine, municipal, and national franchise financing and leasing.

Signature Bank (Signature Bank) Headlines

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