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HDFC Asset Management Co (NSE:HDFCAMC) Cyclically Adjusted Price-to-FCF : 76.76 (As of May. 27, 2024)


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What is HDFC Asset Management Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), HDFC Asset Management Co's current share price is ₹3919.90. HDFC Asset Management Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 was ₹51.07. HDFC Asset Management Co's Cyclically Adjusted Price-to-FCF for today is 76.76.

The historical rank and industry rank for HDFC Asset Management Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

NSE:HDFCAMC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 39.34   Med: 44.6   Max: 76.69
Current: 74.64

During the past 11 years, HDFC Asset Management Co's highest Cyclically Adjusted Price-to-FCF was 76.69. The lowest was 39.34. And the median was 44.60.

NSE:HDFCAMC's Cyclically Adjusted Price-to-FCF is ranked worse than
81.93% of 498 companies
in the Asset Management industry
Industry Median: 20.175 vs NSE:HDFCAMC: 74.64

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.

HDFC Asset Management Co's adjusted free cash flow per share data of for the fiscal year that ended in Mar24 was ₹74.654. 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 ₹51.07 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


HDFC Asset Management Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for HDFC Asset Management Co'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.

HDFC Asset Management Co Cyclically Adjusted Price-to-FCF Chart

HDFC Asset Management Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 39.34 73.50

HDFC Asset Management Co 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 39.34 - - - 73.50

Competitive Comparison of HDFC Asset Management Co's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, HDFC Asset Management Co'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.


HDFC Asset Management Co's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

* The bar in red indicates where HDFC Asset Management Co's Cyclically Adjusted Price-to-FCF falls into.



HDFC Asset Management Co 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.

HDFC Asset Management Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3919.90/51.07
=76.76

* 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.

HDFC Asset Management Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 is calculated as:

For example, HDFC Asset Management Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=74.654/153.0345*153.0345
=74.654

Current CPI (Mar24) = 153.0345.

HDFC Asset Management Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 3.855 97.163 6.072
201603 36.117 102.518 53.914
201703 21.698 105.196 31.565
201803 29.129 109.786 40.604
201903 41.238 118.202 53.390
202003 58.884 124.705 72.261
202103 50.342 131.771 58.466
202203 58.302 138.822 64.271
202303 53.206 146.865 55.441
202403 74.654 153.035 74.654

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.


HDFC Asset Management Co  (NSE:HDFCAMC) 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.


HDFC Asset Management Co Cyclically Adjusted Price-to-FCF Related Terms

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


HDFC Asset Management Co (NSE:HDFCAMC) Business Description

Traded in Other Exchanges
Address
H.T. Parekh Marg, HDFC House, 2nd Floor, 165-166, Backbay Reclamation, Churchgate, Mumbai, MH, IND, 400 020
HDFC Asset Management Co Ltd is an asset management company. The company is in the business of providing asset management services to HDFC Mutual Fund and portfolio management and advisory services to clients. Geographically, it derives a majority of revenue from within India.

HDFC Asset Management Co (NSE:HDFCAMC) Headlines

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