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Southern Michigan Bancorp (Southern Michigan Bancorp) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is Southern Michigan Bancorp Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Southern Michigan Bancorp Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Southern Michigan 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.

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Southern Michigan Bancorp Cyclically Adjusted Price-to-FCF Chart

Southern Michigan Bancorp Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Cyclically Adjusted Price-to-FCF
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Southern Michigan Bancorp Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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Competitive Comparison of Southern Michigan Bancorp's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Southern Michigan 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.


Southern Michigan Bancorp's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Southern Michigan 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.

Southern Michigan Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2018 is calculated as:

For example, Southern Michigan Bancorp's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2018 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2018 (Change)*Current CPI (Dec. 2018)
=0/105.9979*105.9979
=0.000

Current CPI (Dec. 2018) = 105.9979.

Southern Michigan Bancorp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200903 0.138 89.744 0.163
200906 0.644 91.003 0.750
200909 0.200 91.120 0.233
200912 -0.041 91.111 -0.048
201003 0.206 91.821 0.238
201006 0.261 91.962 0.301
201009 0.423 92.162 0.487
201012 0.132 92.474 0.151
201103 0.697 94.283 0.784
201106 0.419 95.235 0.466
201109 0.145 95.727 0.161
201112 0.478 95.213 0.532
201203 -0.121 96.783 -0.133
201206 0.672 96.819 0.736
201209 0.148 97.633 0.161
201212 0.790 96.871 0.864
201303 0.000 98.209 0.000
201306 0.000 98.518 0.000
201309 0.000 98.790 0.000
201312 0.000 98.326 0.000
201403 0.000 99.695 0.000
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 0.000 99.621 0.000
201506 0.000 100.684 0.000
201509 0.000 100.392 0.000
201512 0.000 99.792 0.000
201603 0.000 100.470 0.000
201606 0.000 101.688 0.000
201609 0.000 101.861 0.000
201612 0.000 101.863 0.000
201703 0.000 102.862 0.000
201706 0.000 103.349 0.000
201709 0.000 104.136 0.000
201712 0.000 104.011 0.000
201803 0.000 105.290 0.000
201806 0.000 106.317 0.000
201809 0.000 106.507 0.000
201812 0.000 105.998 0.000

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.


Southern Michigan Bancorp  (OTCPK:SOMC) 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.


Southern Michigan Bancorp Cyclically Adjusted Price-to-FCF Related Terms

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Southern Michigan Bancorp (Southern Michigan Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
51 West Pearl Street, Coldwater, MI, USA, 49036
Southern Michigan Bancorp Inc is a United States-based financial holding company. It is engaged in the business activity of the ownership and management of its wholly-owned subsidiary bank. The Bank offers individuals, businesses, institutions, and government agencies a full range of commercial banking services. The customer base is located primarily in the southwest Michigan communities in which the Bank has branches, and in areas immediately surrounding these communities. The Bank makes commercial and consumer loans to customers. The majority of loans are secured by business assets, commercial and residential real estate, and consumer assets. The bank operates in a single segment: commercial banking.

Southern Michigan Bancorp (Southern Michigan Bancorp) Headlines

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