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Houlihan Lokey (STU:2HL) Cyclically Adjusted Price-to-FCF : 26.99 (As of May. 31, 2024)


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What is Houlihan Lokey Cyclically Adjusted Price-to-FCF?

As of today (2024-05-31), Houlihan Lokey's current share price is €123.60. Houlihan Lokey's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.58. Houlihan Lokey's Cyclically Adjusted Price-to-FCF for today is 26.99.

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

STU:2HL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 24.56   Med: 26.75   Max: 28.29
Current: 26.79

During the past years, Houlihan Lokey's highest Cyclically Adjusted Price-to-FCF was 28.29. The lowest was 24.56. And the median was 26.75.

STU:2HL's Cyclically Adjusted Price-to-FCF is ranked worse than
63.71% of 237 companies
in the Capital Markets industry
Industry Median: 18.43 vs STU:2HL: 26.79

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.

Houlihan Lokey's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €2.843. 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 €4.58 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Houlihan Lokey Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Houlihan Lokey'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.

Houlihan Lokey Cyclically Adjusted Price-to-FCF Chart

Houlihan Lokey 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 - - - - 25.97

Houlihan Lokey 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 - - - 25.73 25.97

Competitive Comparison of Houlihan Lokey's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Houlihan Lokey'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.


Houlihan Lokey's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

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

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



Houlihan Lokey 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.

Houlihan Lokey's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=123.60/4.58
=26.99

* 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.

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

For example, Houlihan Lokey'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)
=2.843/131.7762*131.7762
=2.843

Current CPI (Mar. 2024) = 131.7762.

Houlihan Lokey Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.823 100.560 -1.078
201409 1.067 100.428 1.400
201412 1.402 99.070 1.865
201503 1.097 99.621 1.451
201506 -1.468 100.684 -1.921
201509 0.652 100.392 0.856
201512 0.288 99.792 0.380
201603 0.597 100.470 0.783
201606 -1.009 101.688 -1.308
201609 1.410 101.861 1.824
201612 1.542 101.863 1.995
201703 1.387 102.862 1.777
201706 -0.861 103.349 -1.098
201709 1.585 104.136 2.006
201712 0.924 104.011 1.171
201803 1.334 105.290 1.670
201806 -1.553 106.317 -1.925
201809 1.721 106.507 2.129
201812 1.001 105.998 1.244
201903 1.759 107.251 2.161
201906 -1.573 108.070 -1.918
201909 1.587 108.329 1.930
201912 1.302 108.420 1.582
202003 2.389 108.902 2.891
202006 -1.578 108.767 -1.912
202009 1.352 109.815 1.622
202012 3.604 109.897 4.322
202103 3.286 111.754 3.875
202106 -1.105 114.631 -1.270
202109 2.592 115.734 2.951
202112 7.089 117.630 7.942
202203 0.852 121.301 0.926
202206 -3.883 125.017 -4.093
202209 1.039 125.227 1.093
202212 1.045 125.222 1.100
202303 3.230 127.348 3.342
202306 -2.025 128.729 -2.073
202309 1.554 129.860 1.577
202312 1.152 129.419 1.173
202403 2.843 131.776 2.843

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.


Houlihan Lokey  (STU:2HL) 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.


Houlihan Lokey Cyclically Adjusted Price-to-FCF Related Terms

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Houlihan Lokey (STU:2HL) Business Description

Traded in Other Exchanges
Address
10250 Constellation Boulevard, 5th Floor, Los Angeles, CA, USA, 90067
Houlihan Lokey Inc is an investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and the Asia-Pacific region. The company operates in three segments. In the Corporate Finance business segment, it provides M&A and capital markets advisory services. Through the Financial Restructuring business segment, the company advises on some of the complex restructurings around the world. Financial and Valuation Advisory Services business segment provides valuation and financial opinion, and financial and strategic consulting practices in the United States.

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