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SSB (SouthState) Cyclically Adjusted FCF per Share : $9.15 (As of Mar. 2025)


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What is SouthState 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.

SouthState's adjusted free cash flow per share for the three months ended in Mar. 2025 was $-1.366. 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 $9.15 for the trailing ten years ended in Mar. 2025.

During the past 12 months, SouthState's average Cyclically Adjusted FCF Growth Rate was -1.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 5.50% 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 SouthState was 45.00% per year. The lowest was 2.00% per year. And the median was 8.10% per year.

As of today (2025-07-04), SouthState's current stock price is $96.87. SouthState's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $9.15. SouthState's Cyclically Adjusted Price-to-FCF of today is 10.59.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SouthState was 14.36. The lowest was 5.37. And the median was 9.78.


SouthState Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SouthState'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.

SouthState Cyclically Adjusted FCF per Share Chart

SouthState Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.07 7.98 9.42 8.92 9.24

SouthState Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 9.30 9.35 8.91 9.24 9.15

Competitive Comparison of SouthState's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, SouthState'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.


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

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

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


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SouthState 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, SouthState's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-1.366/134.9266*134.9266
=-1.366

Current CPI (Mar. 2025) = 134.9266.

SouthState Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 2.068 100.684 2.771
201509 3.052 100.392 4.102
201512 1.382 99.792 1.869
201603 1.698 100.470 2.280
201606 0.800 101.688 1.061
201609 1.389 101.861 1.840
201612 0.745 101.863 0.987
201703 1.271 102.862 1.667
201706 1.092 103.349 1.426
201709 2.373 104.136 3.075
201712 1.380 104.011 1.790
201803 2.768 105.290 3.547
201806 1.375 106.317 1.745
201809 1.663 106.507 2.107
201812 1.509 105.998 1.921
201903 0.957 107.251 1.204
201906 1.645 108.070 2.054
201909 0.701 108.329 0.873
201912 1.444 108.420 1.797
202003 1.150 108.902 1.425
202006 0.505 108.767 0.626
202009 3.972 109.815 4.880
202012 2.480 109.897 3.045
202103 4.105 111.754 4.956
202106 -0.878 114.631 -1.033
202109 2.435 115.734 2.839
202112 -0.218 117.630 -0.250
202203 7.957 121.301 8.851
202206 5.041 125.017 5.441
202209 7.947 125.227 8.563
202212 1.971 125.222 2.124
202303 0.677 127.348 0.717
202306 3.990 128.729 4.182
202309 5.721 129.860 5.944
202312 -3.745 129.419 -3.904
202403 3.550 131.776 3.635
202406 1.532 132.554 1.559
202409 -3.310 133.029 -3.357
202412 4.428 133.157 4.487
202503 -1.366 134.927 -1.366

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


SouthState  (NYSE:SSB) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=96.87/9.15
=10.59

* 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 SouthState was 14.36. The lowest was 5.37. And the median was 9.78.


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.


SouthState Cyclically Adjusted FCF per Share Related Terms

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


SouthState Business Description

Industry
Traded in Other Exchanges
Address
1101 First Street South, Suite 202, Winter Haven, FL, USA, 33880
SouthState Corp is a United States-based bank holding company. It provides a wide range of services and products to its customers through a wholly-owned bank subsidiary, South State Bank. The Bank provides retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans through financial centers in Alabama, Florida, Georgia, North Carolina, South Carolina, and Virginia. These services include demand, time and savings deposits, lending and credit card servicing, ATM processing, and wealth management and trust services.
Executives
Sara Arana officer: Chief Accounting Officer 1101 FIRST STREET SOUTH, WINTER HAVEN FL 33880
Matthews William E V officer: Chief Financial Officer
Renee R Brooks officer: CHIEF ADMINISTRATIVE OFFICER C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Jean E Davis director
Daniel E Bockhorst officer: Chief Credit Officer 42745 U.S. HIGHWAY 27, DAVENPORT FL 33837
Richard Iv Murray officer: President PO BOX 10686, BIRMINGHAM AL 35202
Greg A Lapointe officer: President of SSB 520 GERVAIS STREET, COLUMBIA SC 29201
Page G Ruffner Jr director
Douglas Lloyd Williams officer: President, Atlanta Banking Grp 3280 PEACHTREE ROAD NE, SUITE 1600, ATLANTA GA 30305
John C Pollok officer: Executive Vice President C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Hill Robert R Jr officer: President & CEO C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Robert R Horger director, officer: Chairman C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Ronald M. Cofield director 1101 FIRST STREET SOUTH, WINTER HAVEN FL 33880
Shantella E. Cooper director 241 RALPH MCGILL BLVD., NW, ATLANTA GA 30308
Douglas J. Hertz director 3280 PEACHTREE ROAD NE, SUITE 1600, ATLANTA GA 30305