GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Financial 15 Split Corp (OTCPK:FNNCF) » Definitions » Cyclically Adjusted Price-to-FCF

Financial 15 Split (Financial 15 Split) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


View and export this data going back to 2016. Start your Free Trial

What is Financial 15 Split Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Financial 15 Split Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Financial 15 Split'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.

Financial 15 Split Cyclically Adjusted Price-to-FCF Chart

Financial 15 Split Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Financial 15 Split Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 - - - - -

Competitive Comparison of Financial 15 Split's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Financial 15 Split'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.


Financial 15 Split's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Financial 15 Split's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Financial 15 Split's Cyclically Adjusted Price-to-FCF falls into.



Financial 15 Split 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.

Financial 15 Split's Cyclically Adjusted FCF per Share for the fiscal year that ended in Nov23 is calculated as:

For example, Financial 15 Split's adjusted Free Cash Flow per Share data for the fiscal year that ended in Nov23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Nov23 (Change)*Current CPI (Nov23)
=-2.274/125.4675*125.4675
=-2.274

Current CPI (Nov23) = 125.4675.

Financial 15 Split Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201411 -6.347 99.078 -8.038
201511 -2.256 100.421 -2.819
201611 0.338 101.607 0.417
201711 -13.052 103.740 -15.786
201811 -4.027 105.478 -4.790
201911 2.457 107.769 2.860
202011 3.782 108.796 4.362
202111 -1.243 113.932 -1.369
202211 -1.554 121.675 -1.602
202311 -2.274 125.468 -2.274

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.


Financial 15 Split  (OTCPK:FNNCF) 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.


Financial 15 Split Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Financial 15 Split's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Financial 15 Split (Financial 15 Split) Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, Toronto, ON, CAN, M5V3K2
Financial 15 Split Corp is a Canada-based company. It is an independent investment management firm that is focused on the creation and management of enhanced yield products for retail investors. Its products consist of income financial trust, m-split corp, commerce split corp, and others.

Financial 15 Split (Financial 15 Split) Headlines

From GuruFocus

Financial 15 Split Corp. Exchange Offer Results

By GlobeNewswire GlobeNewswire 04-20-2018

Financial 15 Split Corp. Completes Exchange Offer

By GlobeNewswire GlobeNewswire 04-24-2018

Financial 15 Split Corp. Financial Results to May 31, 2021

By GlobeNewswire GlobeNewswire 07-24-2021