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Stifel Financial (Stifel Financial) Cyclically Adjusted FCF per Share : $4.56 (As of Dec. 2023)


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What is Stifel Financial 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.

Stifel Financial's adjusted free cash flow per share for the three months ended in Dec. 2023 was $2.356. 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 $4.56 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Stifel Financial's average Cyclically Adjusted FCF Growth Rate was -4.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 21.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 86.30% per year. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Stifel Financial was 186.10% per year. The lowest was -159.60% per year. And the median was 9.00% per year.

As of today (2024-04-27), Stifel Financial's current stock price is $79.05. Stifel Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.56. Stifel Financial's Cyclically Adjusted Price-to-FCF of today is 17.34.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Stifel Financial was 2524.67. The lowest was 11.45. And the median was 34.30.


Stifel Financial Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Stifel Financial'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.

Stifel Financial Cyclically Adjusted FCF per Share Chart

Stifel Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.22 2.52 3.28 4.79 4.56

Stifel 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 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 4.46 4.80 4.64 4.56 -

Competitive Comparison of Stifel Financial's Cyclically Adjusted FCF per Share

For the Capital Markets subindustry, Stifel 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.


Stifel Financial's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

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

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



Stifel Financial 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, Stifel Financial's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.356/129.4194*129.4194
=2.356

Current CPI (Dec. 2023) = 129.4194.

Stifel Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -3.036 99.695 -3.941
201406 -0.560 100.560 -0.721
201409 2.883 100.428 3.715
201412 2.584 99.070 3.376
201503 -2.770 99.621 -3.599
201506 -2.425 100.684 -3.117
201509 4.527 100.392 5.836
201512 -2.259 99.792 -2.930
201603 -0.621 100.470 -0.800
201606 -3.293 101.688 -4.191
201609 2.109 101.861 2.680
201612 -2.228 101.863 -2.831
201703 2.106 102.862 2.650
201706 2.217 103.349 2.776
201709 2.910 104.136 3.617
201712 -1.798 104.011 -2.237
201803 -3.068 105.290 -3.771
201806 1.225 106.317 1.491
201809 1.315 106.507 1.598
201812 4.013 105.998 4.900
201903 -3.701 107.251 -4.466
201906 0.233 108.070 0.279
201909 2.808 108.329 3.355
201912 4.726 108.420 5.641
202003 -5.285 108.902 -6.281
202006 12.981 108.767 15.446
202009 3.717 109.815 4.381
202012 2.759 109.897 3.249
202103 -4.508 111.754 -5.221
202106 0.587 114.631 0.663
202109 7.254 115.734 8.112
202112 2.405 117.630 2.646
202203 -5.826 121.301 -6.216
202206 3.601 125.017 3.728
202209 4.440 125.227 4.589
202212 6.998 125.222 7.233
202303 -3.471 127.348 -3.527
202306 3.227 128.729 3.244
202309 1.928 129.860 1.921
202312 2.356 129.419 2.356

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


Stifel Financial  (NYSE:SF) 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.

Stifel Financial's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=79.05/4.56
=17.34

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Stifel Financial was 2524.67. The lowest was 11.45. And the median was 34.30.


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.


Stifel Financial Cyclically Adjusted FCF per Share Related Terms

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


Stifel Financial (Stifel Financial) Business Description

Address
501 North Broadway, One Financial Plaza, Saint Louis, MO, USA, 63102-2188
Stifel Financial is a middle-market-focused investment bank that produces more than 90% of its revenue in the United States. Approximately 60% of the company's net revenue is derived from its global wealth management division, which supports over 2,000 financial advisors, with the remainder coming from its institutional securities business. Stifel has a history of being an active acquirer of other financial service firms.
Executives
Mark P Fisher officer: SENIOR VP & GENERAL COUNSEL C/O THOMAS WEISEL PARTNERS GROUP, INC., ONE MONTGOMERY STREET, SUITE 3700, SAN FRANCISCO CA 94104
Christopher K Reichert officer: CEO of Stifel Bank & Trust C/O PULASKI FINANCIAL CORP, 12300 OLIVE BLVD, ST LOUIS MO 63141
Thomas B. Michaud director C/O KBW, INC., 787 SEVENTH AVENUE, NEW YORK NY 10019
Lisa Landau Carnoy director 501 NORTH BROADWAY, ST. LOUIS MO 63102
Maryam S. Brown director 555 W. 5TH STREET, LOS ANGELES CA 90013
James M Zemlyak officer: CHIEF FIN'L & ADMIN OFFCR 501 NORTH BROADWAY, ST LOUIS MO 63102
Ronald J Kruszewski director, officer: CHIEF EXECUTIVE OFFICER 501 NORTH BROADWAY, ST LOUIS MO 63102
James P. Kavanaugh director 501 NORTH BROADWAY, ST. LOUIS MO 63102
Victor Nesi director, officer: Director 650 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10022
James M Oates director C/O INVESTORS FINANCIAL SERVICES CORP, 200 CLARENDON ST, BOSTON MA 02116
Thomas W Weisel director
David D Sliney officer: Dir Strategic Planning & Tech, other: Dir Strategic Planning & Tech 501 NORTH BROADWAY, ST LOUIS MO 63102
Robert Edward Grady director 555 CALIFORNIA STREET, SUITE 3450, SAN FRANCISCO CA 94104
John P Dubinsky director C/O INSITUFORM TECHNOLOGIES, INC., 17988 EDISON AVENUE, CHESTERFIELD MO 63005
David A Peacock director 190 CARONDELET PLAZA, CLAYTON MO 63105