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Franklin BSP Lending (Franklin BSP Lending) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is Franklin BSP Lending Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Franklin BSP Lending Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Franklin BSP Lending'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.

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Franklin BSP Lending Cyclically Adjusted Price-to-FCF Chart

Franklin BSP Lending Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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Franklin BSP Lending Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of Franklin BSP Lending's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Franklin BSP Lending'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.


Franklin BSP Lending's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Franklin BSP Lending's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Franklin BSP Lending 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.

Franklin BSP Lending's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Franklin BSP Lending's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.53/129.8595*129.8595
=0.530

Current CPI (Sep. 2023) = 129.8595.

Franklin BSP Lending Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -1.460 98.326 -1.928
201403 -1.481 99.695 -1.929
201406 -3.487 100.560 -4.503
201409 -0.773 100.428 -1.000
201412 -0.509 99.070 -0.667
201503 -0.091 99.621 -0.119
201506 -0.482 100.684 -0.622
201509 -0.605 100.392 -0.783
201512 -0.757 99.792 -0.985
201603 0.098 100.470 0.127
201606 0.488 101.688 0.623
201609 0.296 101.861 0.377
201612 -0.401 101.863 -0.511
201703 -0.072 102.862 -0.091
201706 -0.089 103.349 -0.112
201709 -0.047 104.136 -0.059
201712 0.032 104.011 0.040
201803 -0.653 105.290 -0.805
201806 0.940 106.317 1.148
201809 -0.019 106.507 -0.023
201812 0.690 105.998 0.845
201903 -0.562 107.251 -0.680
201906 0.256 108.070 0.308
201909 -0.370 108.329 -0.444
201912 0.026 108.420 0.031
202003 -0.075 108.902 -0.089
202006 0.855 108.767 1.021
202009 0.416 109.815 0.492
202012 -1.130 109.897 -1.335
202103 -0.413 111.754 -0.480
202106 -0.808 114.631 -0.915
202109 -0.113 115.734 -0.127
202112 -0.803 117.630 -0.886
202203 0.497 121.301 0.532
202206 -0.240 125.017 -0.249
202209 -0.058 125.227 -0.060
202212 -0.216 125.222 -0.224
202303 -0.008 127.348 -0.008
202306 0.143 128.729 0.144
202309 0.530 129.860 0.530

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.


Franklin BSP Lending  (OTCPK:BDVC) 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.


Franklin BSP Lending Cyclically Adjusted Price-to-FCF Related Terms

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


Franklin BSP Lending (Franklin BSP Lending) Business Description

Traded in Other Exchanges
N/A
Address
9 West 57th Street, Suite 4920, 49th Floor, New York, NY, USA, 10019
Franklin BSP Lending Corp is an externally managed, non-diversified closed-end management investment company. The company has elected to be regulated as a business development company. The company's investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in senior secured loans, and to a lesser extent, mezzanine loans, unsecured loans and equity of predominantly private U.S. middle-market companies. It also purchases interests in loans or corporate bonds through secondary market transactions.
Executives
Michael Frick officer: Secretary 9 WEST 57TH STREET, 49TH FLOOR, SUITE 4920, NEW YORK NY 10019
Nina Kang Baryski officer: CFO & Treasurer 9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019
Dennis M Schaney director MORGAN STANLEY INVESTMENT MANAGEMENT, 522 FIFTH AVENUE, FLOOR 6, NEW YORK NY 10036
Lee S Hillman director 222 S RIVERSIDE PLAZE STE 2800, CHICAGO IL 60606
Ronald J Kramer director 712 FIFTH AVENUE, NEW YORK NY 10019
Richard J Byrne director, officer: See Remarks 350 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Leeor P. Avigdor officer: Corporate Secretary C/O 9 WEST 57TH ST., SUITE 4920, NEW YORK NY 10019
Weil Edward M Jr. director C/O AMERICAN REALTY CAPITAL 405 PARK AVE, NEW YORK NY 10022
Pankovcin Corinne officer: CFO, Secretary and Treasurer BUSINESS DEVELOPMENT CORP OF AMERICA, 405 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
James A. Fisher officer: President, COO C/O BUSINESS DEVELOPMENT CORP OF AMERICA, 405 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
Randolph C Read director C/O NEW YORK REIT, INC., 405 PARK AVENUE, NEW YORK NY 10022
Nicholas Radesca officer: CFO and Treasurer C/O SOLAR CAPITAL LLC, 500 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10022
Robert Grunewald officer: Chief Investment Officer 405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022
Bdca Adviser, Llc 10 percent owner 405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022
Brian S Block officer: CFO and Treasurer C/O AMERICAN FINANCIAL REALTY TRUST, 1725 THE FALWAY, JENKINTOWN PA 19048