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First Eagle Alternative Capital BDC (First Eagle Alternative Capital BDC) Cyclically Adjusted Revenue per Share : $0.43 (As of Dec. 2022)


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What is First Eagle Alternative Capital BDC Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

First Eagle Alternative Capital BDC's adjusted revenue per share for the three months ended in Dec. 2022 was $-0.261. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $0.43 for the trailing ten years ended in Dec. 2022.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2024-05-26), First Eagle Alternative Capital BDC's current stock price is $4.54. First Eagle Alternative Capital BDC's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2022 was $0.43. First Eagle Alternative Capital BDC's Cyclically Adjusted PS Ratio of today is 10.56.


First Eagle Alternative Capital BDC Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for First Eagle Alternative Capital BDC's Cyclically Adjusted Revenue per Share 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.

First Eagle Alternative Capital BDC Cyclically Adjusted Revenue per Share Chart

First Eagle Alternative Capital BDC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.75 0.70 0.43

First Eagle Alternative Capital BDC Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Cyclically Adjusted Revenue per Share 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 0.70 0.67 0.57 0.52 0.43

Competitive Comparison of First Eagle Alternative Capital BDC's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, First Eagle Alternative Capital BDC's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


First Eagle Alternative Capital BDC's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Eagle Alternative Capital BDC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where First Eagle Alternative Capital BDC's Cyclically Adjusted PS Ratio falls into.



First Eagle Alternative Capital BDC Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

For example, First Eagle Alternative Capital BDC's adjusted Revenue per Share data for the three months ended in Dec. 2022 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=-0.261/125.2218*125.2218
=-0.261

Current CPI (Dec. 2022) = 125.2218.

First Eagle Alternative Capital BDC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201303 0.427 98.209 0.544
201306 0.696 98.518 0.885
201309 0.284 98.790 0.360
201312 0.427 98.326 0.544
201403 0.388 99.695 0.487
201406 0.365 100.560 0.455
201409 0.435 100.428 0.542
201412 0.251 99.070 0.317
201503 0.536 99.621 0.674
201506 0.510 100.684 0.634
201509 0.163 100.392 0.203
201512 -0.032 99.792 -0.040
201603 0.085 100.470 0.106
201606 0.059 101.688 0.073
201609 0.378 101.861 0.465
201612 0.296 101.863 0.364
201703 0.225 102.862 0.274
201706 0.082 103.349 0.099
201709 0.156 104.136 0.188
201712 -0.456 104.011 -0.549
201803 0.263 105.290 0.313
201806 0.127 106.317 0.150
201809 0.156 106.507 0.183
201812 -0.631 105.998 -0.745
201903 0.070 107.251 0.082
201906 -0.265 108.070 -0.307
201909 0.061 108.329 0.071
201912 -0.459 108.420 -0.530
202003 -2.171 108.902 -2.496
202006 0.480 108.767 0.553
202009 0.509 109.815 0.580
202012 0.031 109.897 0.035
202103 0.348 111.754 0.390
202106 0.329 114.631 0.359
202109 0.121 115.734 0.131
202112 0.003 117.630 0.003
202203 -0.106 121.301 -0.109
202206 -0.704 125.017 -0.705
202209 -0.011 125.227 -0.011
202212 -0.261 125.222 -0.261

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


First Eagle Alternative Capital BDC  (NAS:FCRD) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

First Eagle Alternative Capital BDC's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=4.54/0.43
=10.56

* 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.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


First Eagle Alternative Capital BDC Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of First Eagle Alternative Capital BDC's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


First Eagle Alternative Capital BDC (First Eagle Alternative Capital BDC) Business Description

Traded in Other Exchanges
N/A
Address
500 Boylston Street, Suite 1200, Boston, MA, USA, 02116
First Eagle Alternative Capital BDC Inc is a closed-end investment company which act as a business development company. The company's investment objective is to generate both current income and capital appreciation, primarily through directly originated first lien secured loans, including unitranche investments. It also makes the second lien, subordinated, or mezzanine debt investments, which may include an associated equity component such as warrants, preferred stock or other similar securities and direct equity co-investments.
Executives
Robert J. Hickey 10 percent owner 1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Christopher J. Flynn director, 10 percent owner, officer: See Remarks 100 FEDERAL STREET 31ST FLOOR, BOSTON MA 02110
Edward J. Giordano other: CFO of the Adviser C/O H.I.G. CAPITAL, LLC, 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Sabrina Rusnak-carlson 10 percent owner, officer: See Remarks 100 FEDERAL STREET, 31ST FLOOR, BOSTON MA 02110
Jennifer Wilson officer: Chief Accounting Officer 100 WALL STREET, 11TH FLOOR, NEW YORK NY 10005
Terrence W. Olson 10 percent owner, officer: See Remarks C/O THL CREDIT, INC., 100 FEDERAL STREET, 31ST FL, BOSTON MA 02110
Arnhold & S. Bleichroeder Holdings, Inc. 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
William Montgomery Cook 10 percent owner 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
First Eagle Investment Management, Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Sam W. Tillinghast 10 percent owner C/O THL CREDIT, INC., 100 FEDERAL STREET, 31ST FL, BOSTON MA 02110
James R Fellows 10 percent owner, officer: See Remarks 100 FEDERAL STREET, 31ST FLOOR, BOSTON MA 02110
Brian J. Murphy 10 percent owner 1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Steven F. Krull 10 percent owner 1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Brian W. Good 10 percent owner 1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Thlp Debt Partners, L.p. 10 percent owner 100 FEDERAL STREET, BOSTON MA 02110

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