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CI Financial (FRA:CF7) Cyclically Adjusted Price-to-FCF : 4.97 (As of Jun. 02, 2024)


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What is CI Financial Cyclically Adjusted Price-to-FCF?

As of today (2024-06-02), CI Financial's current share price is €9.40. CI Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.89. CI Financial's Cyclically Adjusted Price-to-FCF for today is 4.97.

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

FRA:CF7' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.44   Med: 10.23   Max: 19.05
Current: 5.18

During the past years, CI Financial's highest Cyclically Adjusted Price-to-FCF was 19.05. The lowest was 4.44. And the median was 10.23.

FRA:CF7's Cyclically Adjusted Price-to-FCF is ranked better than
83.8% of 500 companies
in the Asset Management industry
Industry Median: 19.54 vs FRA:CF7: 5.18

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.

CI Financial's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.385. 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 €1.89 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CI Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CI Financial'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.

CI Financial Cyclically Adjusted Price-to-FCF Chart

CI Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.35 6.70 10.22 4.91 5.32

CI Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 4.56 5.31 5.44 5.32 6.14

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

For the Asset Management subindustry, CI Financial'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.


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

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

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



CI Financial 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.

CI Financial's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.40/1.89
=4.97

* 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.

CI Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CI Financial'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)
=0.385/126.2576*126.2576
=0.385

Current CPI (Mar. 2024) = 126.2576.

CI Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.469 99.473 0.595
201409 0.503 99.394 0.639
201412 0.458 98.367 0.588
201503 0.378 99.789 0.478
201506 0.443 100.500 0.557
201509 0.434 100.421 0.546
201512 0.350 99.947 0.442
201603 0.283 101.054 0.354
201606 0.395 102.002 0.489
201609 0.443 101.765 0.550
201612 0.521 101.449 0.648
201703 0.204 102.634 0.251
201706 0.396 103.029 0.485
201709 0.501 103.345 0.612
201712 0.339 103.345 0.414
201803 0.175 105.004 0.210
201806 0.422 105.557 0.505
201809 0.437 105.636 0.522
201812 0.463 105.399 0.555
201903 0.312 106.979 0.368
201906 0.415 107.690 0.487
201909 0.368 107.611 0.432
201912 0.462 107.769 0.541
202003 0.313 107.927 0.366
202006 0.604 108.401 0.703
202009 0.424 108.164 0.495
202012 0.213 108.559 0.248
202103 0.588 110.298 0.673
202106 0.419 111.720 0.474
202109 0.589 112.905 0.659
202112 0.553 113.774 0.614
202203 0.546 117.646 0.586
202206 0.600 120.806 0.627
202209 0.393 120.648 0.411
202212 0.179 120.964 0.187
202303 0.484 122.702 0.498
202306 0.476 124.203 0.484
202309 0.371 125.230 0.374
202312 0.217 125.072 0.219
202403 0.385 126.258 0.385

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.


CI Financial  (FRA:CF7) 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.


CI Financial Cyclically Adjusted Price-to-FCF Related Terms

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


CI Financial (FRA:CF7) Business Description

Traded in Other Exchanges
Address
15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3
CI Financial is a diversified provider of wealth management products and services, primarily in the Canadian market. The company had CAD 119.0 billion in core assets under management, another CAD 278.5 billion in wealth management assets under advisement, and CAD 23.4 billion in assets under custody at the end of September 2023, making it one of the largest nonbank affiliated asset managers in Canada. The company operates its fund business through CI Global Asset Management, which offers a broad selection of investment funds. On the wealth management side, the company operates through CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, as well as a large group of acquired U.S.-based advisors, providing financial advice primarily to high-net-worth clients.

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