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Ether Capital (NEOE:ETHC) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


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What is Ether Capital Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ether Capital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ether Capital'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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Ether Capital Cyclically Adjusted Price-to-FCF Chart

Ether Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Ether Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Ether Capital's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Ether Capital'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.


Ether Capital's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Ether Capital 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.

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

For example, Ether Capital'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)
=-0.017/126.2576*126.2576
=-0.017

Current CPI (Mar. 2024) = 126.2576.

Ether Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.036 99.473 -0.046
201409 -0.032 99.394 -0.041
201412 0.005 98.367 0.006
201503 -0.007 99.789 -0.009
201506 -0.006 100.500 -0.008
201509 -0.004 100.421 -0.005
201512 -0.051 99.947 -0.064
201603 -0.146 101.054 -0.182
201606 -0.030 102.002 -0.037
201609 0.000 101.765 0.000
201612 -0.028 101.449 -0.035
201703 -0.014 102.634 -0.017
201706 -0.042 103.029 -0.051
201709 -0.004 103.345 -0.005
201712 0.047 103.345 0.057
201803 -5.176 105.004 -6.224
201806 2.554 105.557 3.055
201809 -0.067 105.636 -0.080
201812 -0.009 105.399 -0.011
201903 0.009 106.979 0.011
201906 -0.049 107.690 -0.057
201909 -0.007 107.611 -0.008
201912 -0.007 107.769 -0.008
202003 -0.016 107.927 -0.019
202006 -0.012 108.401 -0.014
202009 -0.007 108.164 -0.008
202012 -0.008 108.559 -0.009
202103 -0.940 110.298 -1.076
202106 0.000 111.720 0.000
202109 0.004 112.905 0.004
202112 0.005 113.774 0.006
202203 -0.084 117.646 -0.090
202206 0.003 120.806 0.003
202209 -0.020 120.648 -0.021
202212 -0.013 120.964 -0.014
202303 -0.025 122.702 -0.026
202306 -0.024 124.203 -0.024
202309 -0.018 125.230 -0.018
202312 -0.008 125.072 -0.008
202403 -0.017 126.258 -0.017

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.


Ether Capital  (NEOE:ETHC) 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.


Ether Capital Cyclically Adjusted Price-to-FCF Related Terms

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Ether Capital (NEOE:ETHC) Business Description

Traded in Other Exchanges
Address
130 Adelaide Street West, Suite 3100, 31st Floor, Toronto, ON, CAN, M5H 3P5
Ether Capital Corp is a Canada based technology company focused on becoming the central business and investment hub for the Ethereum ecosystem. Its portfolio includes Ether which is the native Ethereum crypto-asset and is the commodity-like fuel used to access the Ethereum network and broadcast transactions; MakerDao which is a decentralized credit platform built on Ethereum in which collateral is leveraged to produce a stable coin; and Wyre which is a cryptocurrency exchange and technology platform based in San Francisco that is focused on building compliant fiat-to-crypto on and off ramps.
Executives
Som Seif Director, Senior Officer

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