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Dominion Lending Centres (TSX:DLCG) Cyclically Adjusted FCF per Share : C$0.25 (As of Mar. 2024)


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What is Dominion Lending Centres 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.

Dominion Lending Centres's adjusted free cash flow per share for the three months ended in Mar. 2024 was C$0.019. 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 C$0.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Dominion Lending Centres's average Cyclically Adjusted FCF Growth Rate was 38.90% 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 Dominion Lending Centres was 46.90% per year. The lowest was -38.70% per year. And the median was -16.60% per year.

As of today (2024-06-06), Dominion Lending Centres's current stock price is C$3.81. Dominion Lending Centres's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.25. Dominion Lending Centres's Cyclically Adjusted Price-to-FCF of today is 15.24.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Dominion Lending Centres was 62.00. The lowest was 8.25. And the median was 16.28.


Dominion Lending Centres Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Dominion Lending Centres'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.

Dominion Lending Centres Cyclically Adjusted FCF per Share Chart

Dominion Lending Centres Annual Data
Trend Sep13 Sep14 Sep15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.19 -0.08 0.09 0.18 0.24

Dominion Lending Centres 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 0.18 0.20 0.22 0.24 0.25

Competitive Comparison of Dominion Lending Centres's Cyclically Adjusted FCF per Share

For the Mortgage Finance subindustry, Dominion Lending Centres'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.


Dominion Lending Centres's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Dominion Lending Centres 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, Dominion Lending Centres'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)
=0.019/126.2576*126.2576
=0.019

Current CPI (Mar. 2024) = 126.2576.

Dominion Lending Centres Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.046 98.604 -0.059
201406 -0.051 99.473 -0.065
201409 -0.050 99.394 -0.064
201412 -0.053 98.367 -0.068
201503 3.656 99.789 4.626
201506 0.084 100.500 0.106
201509 -3.384 100.421 -4.255
201512 0.003 99.947 0.004
201603 -0.125 101.054 -0.156
201606 -0.080 102.002 -0.099
201609 0.000 101.765 0.000
201703 0.069 102.634 0.085
201706 0.067 103.029 0.082
201709 -0.054 103.345 -0.066
201712 -0.064 103.345 -0.078
201803 -0.103 105.004 -0.124
201806 0.137 105.557 0.164
201809 0.082 105.636 0.098
201812 -0.068 105.399 -0.081
201903 0.087 106.979 0.103
201906 0.164 107.690 0.192
201909 0.128 107.611 0.150
201912 0.044 107.769 0.052
202003 0.109 107.927 0.128
202006 0.145 108.401 0.169
202009 0.219 108.164 0.256
202012 0.169 108.559 0.197
202103 0.041 110.298 0.047
202106 0.261 111.720 0.295
202109 0.212 112.905 0.237
202112 0.203 113.774 0.225
202203 -0.035 117.646 -0.038
202206 0.216 120.806 0.226
202209 0.063 120.648 0.066
202212 -0.064 120.964 -0.067
202303 -0.174 122.702 -0.179
202306 0.079 124.203 0.080
202309 0.155 125.230 0.156
202312 0.049 125.072 0.049
202403 0.019 126.258 0.019

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


Dominion Lending Centres  (TSX:DLCG) 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.

Dominion Lending Centres's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.81/0.25
=15.24

* 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 Dominion Lending Centres was 62.00. The lowest was 8.25. And the median was 16.28.


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.


Dominion Lending Centres Cyclically Adjusted FCF per Share Related Terms

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


Dominion Lending Centres (TSX:DLCG) Business Description

Traded in Other Exchanges
Address
2207 - 4th Street SW, Suite 400, Calgary, AB, CAN, T2S 1X1
Dominion Lending Centres Inc is a mortgage brokerage franchisor and mortgage broker data connectivity provider with operations across Canada. The Group operates through Dominion Lending Centres and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc and Newton Connectivity Systems Inc. The company has two operating segments, namely, the Core Business Operations segment and the NonCore Business Asset Management segment. The company generates revenue mainly from franchising and mortgage brokerage services.
Executives
Dennis Frank Sykora Director

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