GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » P.O.L.I.C.Y. Ltd (XMAU:POLICY) » Definitions » Cyclically Adjusted Price-to-FCF

P.O.L.I.C.Y. (XMAU:POLICY) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is P.O.L.I.C.Y. Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


P.O.L.I.C.Y. Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for P.O.L.I.C.Y.'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.

P.O.L.I.C.Y. Cyclically Adjusted Price-to-FCF Chart

P.O.L.I.C.Y. Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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P.O.L.I.C.Y. Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
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 44.94 - 31.35 - -

Competitive Comparison of P.O.L.I.C.Y.'s Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, P.O.L.I.C.Y.'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.


P.O.L.I.C.Y.'s Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, P.O.L.I.C.Y.'s Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where P.O.L.I.C.Y.'s Cyclically Adjusted Price-to-FCF falls into.



P.O.L.I.C.Y. 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.

P.O.L.I.C.Y.'s Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, P.O.L.I.C.Y.'s adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0/129.4194*129.4194
=0.000

Current CPI (Dec. 2023) = 129.4194.

P.O.L.I.C.Y. Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.000 98.326 0.000
201403 0.113 99.695 0.147
201406 -0.070 100.560 -0.090
201409 0.016 100.428 0.021
201412 0.049 99.070 0.064
201503 -0.014 99.621 -0.018
201506 0.020 100.684 0.026
201509 0.068 100.392 0.088
201512 0.068 99.792 0.088
201603 0.003 100.470 0.004
201606 0.011 101.688 0.014
201609 0.050 101.861 0.064
201612 0.076 101.863 0.097
201703 -0.002 102.862 -0.003
201706 0.023 103.349 0.029
201709 0.051 104.136 0.063
201712 0.070 104.011 0.087
201803 0.001 105.290 0.001
201806 0.016 106.317 0.019
201809 0.056 106.507 0.068
201812 0.077 105.998 0.094
201903 -0.009 107.251 -0.011
201906 0.030 108.070 0.036
201909 0.046 108.329 0.055
201912 -0.076 108.420 -0.091
202003 -0.044 108.902 -0.052
202006 -0.005 108.767 -0.006
202009 -0.216 109.815 -0.255
202012 -0.003 109.897 -0.004
202103 0.084 111.754 0.097
202106 -0.079 114.631 -0.089
202109 -0.014 115.734 -0.016
202112 0.016 117.630 0.018
202203 0.048 121.301 0.051
202206 -0.007 125.017 -0.007
202209 0.166 125.227 0.172
202212 0.000 125.222 0.000
202303 0.084 127.348 0.085
202309 0.000 129.860 0.000
202312 0.000 129.419 0.000

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.


P.O.L.I.C.Y.  (XMAU:POLICY) 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.


P.O.L.I.C.Y. Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of P.O.L.I.C.Y.'s Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


P.O.L.I.C.Y. (XMAU:POLICY) Business Description

Traded in Other Exchanges
N/A
Address
c/o SILEO Corporate Services Limited, Vivéa Business Park, Moka, MUS
P.O.L.I.C.Y. Ltd is a Mauritius based investment company with a long-term investment strategy. Its portfolio sector allocation includes banks, insurance, and other finance, investments, leisure and hotels, industry, property development, sugar, transport, and commerce. The company generates revenue in the form of a dividend and Interest.

P.O.L.I.C.Y. (XMAU:POLICY) Headlines

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