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First Eagle Alternative Capital BDC (First Eagle Alternative Capital BDC) Cyclically Adjusted Price-to-FCF : 18.92 (As of May. 26, 2024)


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What is First Eagle Alternative Capital BDC Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), First Eagle Alternative Capital BDC's current share price is $4.54. First Eagle Alternative Capital BDC's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2022 was $0.24. First Eagle Alternative Capital BDC's Cyclically Adjusted Price-to-FCF for today is 18.92.

The historical rank and industry rank for First Eagle Alternative Capital BDC's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FCRD's Cyclically Adjusted Price-to-FCF is not ranked *
in the Asset Management industry.
Industry Median: 20.105
* Ranked among companies with meaningful Cyclically Adjusted Price-to-FCF only.

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.

First Eagle Alternative Capital BDC's adjusted free cash flow per share data for the three months ended in Dec. 2022 was $0.437. 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 $0.24 for the trailing ten years ended in Dec. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Eagle Alternative Capital BDC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Eagle Alternative Capital BDC'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.

First Eagle Alternative Capital BDC Cyclically Adjusted Price-to-FCF Chart

First Eagle Alternative Capital BDC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 17.55

First Eagle Alternative Capital BDC Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 - - - 19.77 17.55

Competitive Comparison of First Eagle Alternative Capital BDC's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, First Eagle Alternative Capital BDC'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.


First Eagle Alternative Capital BDC's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Eagle Alternative Capital BDC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where First Eagle Alternative Capital BDC's Cyclically Adjusted Price-to-FCF falls into.



First Eagle Alternative Capital BDC 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.

First Eagle Alternative Capital BDC's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.54/0.24
=18.92

* 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.

First Eagle Alternative Capital BDC's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2022 is calculated as:

For example, First Eagle Alternative Capital BDC's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2022 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=0.437/125.2218*125.2218
=0.437

Current CPI (Dec. 2022) = 125.2218.

First Eagle Alternative Capital BDC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201303 -1.285 98.209 -1.638
201306 -1.629 98.518 -2.071
201309 -1.944 98.790 -2.464
201312 -1.973 98.326 -2.513
201403 -2.460 99.695 -3.090
201406 0.388 100.560 0.483
201409 0.847 100.428 1.056
201412 -1.604 99.070 -2.027
201503 1.458 99.621 1.833
201506 -0.160 100.684 -0.199
201509 0.798 100.392 0.995
201512 -0.369 99.792 -0.463
201603 0.599 100.470 0.747
201606 1.195 101.688 1.472
201609 0.943 101.861 1.159
201612 0.312 101.863 0.384
201703 -0.603 102.862 -0.734
201706 0.589 103.349 0.714
201709 0.725 104.136 0.872
201712 0.923 104.011 1.111
201803 0.196 105.290 0.233
201806 1.326 106.317 1.562
201809 1.023 106.507 1.203
201812 0.505 105.998 0.597
201903 -0.161 107.251 -0.188
201906 0.873 108.070 1.012
201909 1.802 108.329 2.083
201912 0.164 108.420 0.189
202003 0.305 108.902 0.351
202006 -0.008 108.767 -0.009
202009 0.075 109.815 0.086
202012 0.276 109.897 0.314
202103 0.008 111.754 0.009
202106 -1.159 114.631 -1.266
202109 -0.129 115.734 -0.140
202112 0.203 117.630 0.216
202203 -0.438 121.301 -0.452
202206 0.545 125.017 0.546
202209 0.020 125.227 0.020
202212 0.437 125.222 0.437

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.


First Eagle Alternative Capital BDC  (NAS:FCRD) 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.


First Eagle Alternative Capital BDC Cyclically Adjusted Price-to-FCF Related Terms

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


First Eagle Alternative Capital BDC (First Eagle Alternative Capital BDC) Business Description

Traded in Other Exchanges
N/A
Address
500 Boylston Street, Suite 1200, Boston, MA, USA, 02116
First Eagle Alternative Capital BDC Inc is a closed-end investment company which act as a business development company. The company's investment objective is to generate both current income and capital appreciation, primarily through directly originated first lien secured loans, including unitranche investments. It also makes the second lien, subordinated, or mezzanine debt investments, which may include an associated equity component such as warrants, preferred stock or other similar securities and direct equity co-investments.
Executives
Robert J. Hickey 10 percent owner 1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Christopher J. Flynn director, 10 percent owner, officer: See Remarks 100 FEDERAL STREET 31ST FLOOR, BOSTON MA 02110
Edward J. Giordano other: CFO of the Adviser C/O H.I.G. CAPITAL, LLC, 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Sabrina Rusnak-carlson 10 percent owner, officer: See Remarks 100 FEDERAL STREET, 31ST FLOOR, BOSTON MA 02110
Jennifer Wilson officer: Chief Accounting Officer 100 WALL STREET, 11TH FLOOR, NEW YORK NY 10005
Terrence W. Olson 10 percent owner, officer: See Remarks C/O THL CREDIT, INC., 100 FEDERAL STREET, 31ST FL, BOSTON MA 02110
Arnhold & S. Bleichroeder Holdings, Inc. 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
William Montgomery Cook 10 percent owner 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
First Eagle Investment Management, Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Sam W. Tillinghast 10 percent owner C/O THL CREDIT, INC., 100 FEDERAL STREET, 31ST FL, BOSTON MA 02110
James R Fellows 10 percent owner, officer: See Remarks 100 FEDERAL STREET, 31ST FLOOR, BOSTON MA 02110
Brian J. Murphy 10 percent owner 1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Steven F. Krull 10 percent owner 1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Brian W. Good 10 percent owner 1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Thlp Debt Partners, L.p. 10 percent owner 100 FEDERAL STREET, BOSTON MA 02110

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