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Canoe EITome Fund (TSX:EIT.UN) 3-Year FCF Growth Rate : -104.40% (As of Dec. 2023)


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What is Canoe EITome Fund 3-Year FCF Growth Rate?

Canoe EITome Fund's Free Cash Flow per Share for the six months ended in Dec. 2023 was C$-0.93.

During the past 3 years, the average Free Cash Flow per Share Growth Rate was -104.40% 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 average Free Cash Flow per Share growth rate.

During the past 13 years, the highest 3-Year average Free Cash Flow per Share Growth Rate of Canoe EITome Fund was 53.30% per year. The lowest was -104.40% per year. And the median was -0.80% per year.


Competitive Comparison of Canoe EITome Fund's 3-Year FCF Growth Rate

For the Asset Management subindustry, Canoe EITome Fund's 3-Year FCF Growth Rate, along with its competitors' market caps and 3-Year FCF Growth Rate 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.


Canoe EITome Fund's 3-Year FCF Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Canoe EITome Fund's 3-Year FCF Growth Rate distribution charts can be found below:

* The bar in red indicates where Canoe EITome Fund's 3-Year FCF Growth Rate falls into.



Canoe EITome Fund 3-Year FCF Growth Rate Calculation

This is the 3-year average growth rate of Free Cash Flow per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

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 average Free Cash Flow per Share growth rate.


Canoe EITome Fund  (TSX:EIT.UN) 3-Year FCF Growth Rate Explanation

Free Cash Flow per Share is the amount of Free Cash Flow per outstanding share of the company's stock. Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company. It's used in the calculation of Forward Rate of Return (Yacktman) %.


Canoe EITome Fund 3-Year FCF Growth Rate Related Terms

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Canoe EITome Fund (TSX:EIT.UN) Business Description

Address
421 - 7th Avenue SW, Suite 2750, Calgary, AB, CAN, T2P 4K9
Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.

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