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Terra Firma Capital (TSXV:TII) Cyclically Adjusted Price-to-FCF : 34.52 (As of Jun. 03, 2024)


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What is Terra Firma Capital Cyclically Adjusted Price-to-FCF?

As of today (2024-06-03), Terra Firma Capital's current share price is C$7.25. Terra Firma Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2023 was C$0.21. Terra Firma Capital's Cyclically Adjusted Price-to-FCF for today is 34.52.

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

TSXV:TII' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.98   Med: 29.06   Max: 75
Current: 34.36

During the past years, Terra Firma Capital's highest Cyclically Adjusted Price-to-FCF was 75.00. The lowest was 10.98. And the median was 29.06.

TSXV:TII's Cyclically Adjusted Price-to-FCF is not ranked
in the Banks industry.
Industry Median: 7.43 vs TSXV:TII: 34.36

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.

Terra Firma Capital's adjusted free cash flow per share data for the three months ended in Jun. 2023 was C$-0.595. 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 C$0.21 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Terra Firma Capital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Terra Firma 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.

* Premium members only.

Terra Firma Capital Cyclically Adjusted Price-to-FCF Chart

Terra Firma Capital Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.46 58.81 23.85 21.57 21.56

Terra Firma Capital Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 22.07 26.79 21.56 26.35 28.48

Competitive Comparison of Terra Firma Capital's Cyclically Adjusted Price-to-FCF

For the Mortgage Finance subindustry, Terra Firma 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.


Terra Firma Capital's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Terra Firma 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.

Terra Firma Capital's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.25/0.21
=34.52

* 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.

Terra Firma Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Terra Firma Capital's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=-0.595/124.2033*124.2033
=-0.595

Current CPI (Jun. 2023) = 124.2033.

Terra Firma Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201309 -0.057 97.419 -0.073
201312 0.172 96.945 0.220
201403 0.040 98.604 0.050
201406 -0.122 99.473 -0.152
201409 0.438 99.394 0.547
201412 -0.509 98.367 -0.643
201503 0.394 99.789 0.490
201506 0.038 100.500 0.047
201509 -0.147 100.421 -0.182
201512 0.396 99.947 0.492
201603 -0.340 101.054 -0.418
201606 -0.247 102.002 -0.301
201609 0.041 101.765 0.050
201612 0.368 101.449 0.451
201703 0.075 102.634 0.091
201706 -0.289 103.029 -0.348
201709 1.247 103.345 1.499
201712 -1.350 103.345 -1.622
201803 0.030 105.004 0.035
201806 -0.232 105.557 -0.273
201809 0.535 105.636 0.629
201812 -0.661 105.399 -0.779
201903 -0.105 106.979 -0.122
201906 0.819 107.690 0.945
201909 -0.216 107.611 -0.249
201912 -0.393 107.769 -0.453
202003 0.521 107.927 0.600
202006 0.248 108.401 0.284
202009 2.468 108.164 2.834
202012 -1.346 108.559 -1.540
202103 0.096 110.298 0.108
202106 -0.155 111.720 -0.172
202109 0.185 112.905 0.204
202112 0.413 113.774 0.451
202203 0.047 117.646 0.050
202206 0.012 120.806 0.012
202209 -0.266 120.648 -0.274
202212 0.057 120.964 0.059
202303 0.157 122.702 0.159
202306 -0.595 124.203 -0.595

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.


Terra Firma Capital  (TSXV:TII) 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.


Terra Firma Capital Cyclically Adjusted Price-to-FCF Related Terms

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


Terra Firma Capital (TSXV:TII) Business Description

Traded in Other Exchanges
N/A
Address
22 Saint Clair Avenue East, Weston Centre, Suite 200, Toronto, ON, CAN, M4T 2S5
Terra Firma Capital Corp is a real estate finance company that provides real estate financings secured by investment properties and real estate developments throughout Canada and the U.S. These financings are made to real estate developers and owners who require shorter-term loans to bridge a transitional period of one to five years where it requires capital at various stages of development or redevelopment properties, for such development or redevelopment, properties repairs or the purchase of investment properties.

Terra Firma Capital (TSXV:TII) Headlines

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