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BOK Financial (BOK Financial) Cyclically Adjusted FCF per Share : $0.53 (As of Mar. 2024)


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What is BOK 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.

BOK Financial's adjusted free cash flow per share for the three months ended in Mar. 2024 was $2.788. 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 $0.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BOK Financial's average Cyclically Adjusted FCF Growth Rate was -89.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -34.30% 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 BOK Financial was 20.90% per year. The lowest was -34.30% per year. And the median was 6.10% per year.

As of today (2024-06-07), BOK Financial's current stock price is $89.68. BOK Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.53. BOK Financial's Cyclically Adjusted Price-to-FCF of today is 169.21.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of BOK Financial was 293.77. The lowest was 10.09. And the median was 21.43.


BOK Financial Cyclically Adjusted FCF per Share Historical Data

The historical data trend for BOK 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.

BOK Financial Cyclically Adjusted FCF per Share Chart

BOK 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 2.41 1.27 -4.68 1.62 0.36

BOK 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 4.90 0.31 1.40 0.36 0.53

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

For the Banks - Regional subindustry, BOK 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.


BOK Financial's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



BOK 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, BOK Financial'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)
=2.788/131.7762*131.7762
=2.788

Current CPI (Mar. 2024) = 131.7762.

BOK Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.120 100.560 -1.468
201409 -0.064 100.428 -0.084
201412 -0.231 99.070 -0.307
201503 -2.558 99.621 -3.384
201506 1.258 100.684 1.646
201509 3.848 100.392 5.051
201512 1.869 99.792 2.468
201603 0.108 100.470 0.142
201606 2.731 101.688 3.539
201609 -10.385 101.861 -13.435
201612 6.164 101.863 7.974
201703 -2.605 102.862 -3.337
201706 6.129 103.349 7.815
201709 -6.258 104.136 -7.919
201712 6.047 104.011 7.661
201803 -2.286 105.290 -2.861
201806 -12.138 106.317 -15.045
201809 8.426 106.507 10.425
201812 -2.262 105.998 -2.812
201903 -15.489 107.251 -19.031
201906 6.050 108.070 7.377
201909 -5.374 108.329 -6.537
201912 8.290 108.420 10.076
202003 -24.851 108.902 -30.071
202006 36.196 108.767 43.853
202009 -6.095 109.815 -7.314
202012 -11.178 109.897 -13.403
202103 -3.166 111.754 -3.733
202106 -3.907 114.631 -4.491
202109 5.916 115.734 6.736
202112 -53.027 117.630 -59.404
202203 58.001 121.301 63.010
202206 37.092 125.017 39.097
202209 13.561 125.227 14.270
202212 -33.347 125.222 -35.092
202303 37.158 127.348 38.450
202306 -45.831 128.729 -46.916
202309 16.594 129.860 16.839
202312 -7.133 129.419 -7.263
202403 2.788 131.776 2.788

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


BOK Financial  (NAS:BOKF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=89.68/0.53
=169.21

* 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 BOK Financial was 293.77. The lowest was 10.09. And the median was 21.43.


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.


BOK Financial Cyclically Adjusted FCF per Share Related Terms

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


BOK Financial (BOK Financial) Business Description

Industry
Traded in Other Exchanges
Address
Boston Avenue at Second Street, P.O. Box 2300, Bank of Oklahoma Tower, Tulsa, OK, USA, 74172
BOK Financial Corp is the largest financial institution in Oklahoma and it provides a comprehensive range of nationally competitive financial products and services. Its operating segments consist of commercial banking, consumer banking, wealth management, and Funds Management and Other. The company has various products and services including cash management services, loans and deposits, fiduciary and insurance services, mortgage banking and brokerage and trading services. It generates maximum revenue from the commercial banking segment. Its commercial banking segment includes lending, treasury and cash management services, and customer risk management products to small businesses, middle market, and larger commercial customers.
Executives
Douglas D. Hawthorne director 4425 POTOMAC AVE., DALLAS TX 75205
Steven Bangert director 1600 BROADWAY, #1500, DENVER CO 80202
Brad A Vincent officer: EVP - Corporate Banking C/O FREDERIC DORWART, LAWYERS PLLC, 124 EAST FOURTH STREET, TULSA OK 74103
Martin E Grunst officer: EVP, Chief Risk Officer C/O FREDERIC DORWART, LAWYERS PLLC, 124 EAST FOURTH STREET, TULSA OK 74103
Joullian Edward C Iv director C/O FREDERIC DORWART, LAWYERS PLLC, 124 E FOURTH STREET, TULSA OK 74103
Mindy M. Mahaney officer: EVP, Chief Risk Officer C/O FREDERIC DORWART, LAWYERS PLLC, 124 EAST FOURTH STREET, TULSA OK 74103
Pedro Claudia San director 300 JOHNNY BENCH DRIVE, OKLAHOMA CITY OK 73104
Ball C Fred Jr director, officer: Chairman/CEO - Bank of Texas C/O FREDERIC DORWART, LAWYERS PLLC, 124 E FOURTH STREET, TULSA OK 74103
Marc Maun officer: President-Bank of Kansas City C/O FREDERIC DORWART, LAWYERS PLLC, 124 EAST 4TH STREET, TULSA OK 74103
Steven E Nell officer: Exec. VP and CFO C/O FREDERIC DORWART, LAWYERS PLLC, 124 E FOURTH STREET, TULSA OK 74103
Norman P Bagwell officer: CEO - Bank of Texas C/O FREDERIC DORWART, LAWYERS PLLC, 124 EAST FOURTH STREET, TULSA OK 74103
Steven G Bradshaw officer: Sr Exec VP-Bank of Oklahoma C/O FREDERIC DORWART, LAWYERS PLLC, 124 E FOURTH STREET, TULSA OK 74103
Jeffrey A. Reid officer: EVP, Chief HR Officer C/O FREDERIC DORWART, LAWYERS PLLC, 124 EAST FOURTH STREET, TULSA OK 74103
Michael J. Rogers officer: EVP, Chief Accounting Officer C/O FREDERIC DORWART, LAWYERS PLLC, 124 EAST FOURTH STREET, TULSA OK 74103
James A Dietz officer: EVP, Chief Credit Officer C/O FREDERIC DORWART, LAWYERS PLLC, 124 EAST FOURTH STREET, TULSA OK 74103