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OFX Group (ASX:OFX) Cyclically Adjusted Price-to-FCF : 13.19 (As of Jun. 05, 2024)


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What is OFX Group Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), OFX Group's current share price is A$2.11. OFX Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 was A$0.16. OFX Group's Cyclically Adjusted Price-to-FCF for today is 13.19.

The historical rank and industry rank for OFX Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ASX:OFX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.61   Med: 9.22   Max: 13.26
Current: 13.26

During the past 11 years, OFX Group's highest Cyclically Adjusted Price-to-FCF was 13.26. The lowest was 7.61. And the median was 9.22.

ASX:OFX's Cyclically Adjusted Price-to-FCF is ranked better than
62.18% of 238 companies
in the Capital Markets industry
Industry Median: 18.385 vs ASX:OFX: 13.26

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.

OFX Group's adjusted free cash flow per share data of for the fiscal year that ended in Mar24 was A$0.151. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is A$0.16 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


OFX Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for OFX Group'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.

* Premium members only.

OFX Group Cyclically Adjusted Price-to-FCF Chart

OFX Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 8.82 10.20

OFX Group Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Cyclically Adjusted Price-to-FCF 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 - - 8.82 - 10.20

Competitive Comparison of OFX Group's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, OFX Group'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.


OFX Group's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, OFX Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



OFX Group 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.

OFX Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.11/0.16
=13.19

* 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.

OFX Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 is calculated as:

For example, OFX Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=0.151/127.6062*127.6062
=0.151

Current CPI (Mar24) = 127.6062.

OFX Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.138 99.187 0.178
201603 0.026 100.488 0.033
201703 0.032 102.624 0.040
201803 0.267 104.574 0.326
201903 0.055 105.967 0.066
202003 0.302 108.289 0.356
202103 0.169 109.496 0.197
202203 0.144 115.069 0.160
202303 0.103 123.148 0.107
202403 0.151 127.606 0.151

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.


OFX Group  (ASX:OFX) 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.


OFX Group Cyclically Adjusted Price-to-FCF Related Terms

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


OFX Group (ASX:OFX) Business Description

Industry
Traded in Other Exchanges
N/A
Address
60 Margaret Street, Level 19, Sydney, NSW, AUS, 2000
OFX Group Ltd is a low-cost international multicurrency payments provider via its online platform and network of global bank accounts. The company's two products are international payment services and international payment solutions. Its International payment services are monitored by geographic region and provide bank to bank currency transfers servicing businesses and consumers. International payment solutions are monitored globally and provide strategic partners with a package which includes: OFX IT platform; client service; compliance; banking relationships; and payment capabilities.

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