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FS KKR Capital (FS KKR Capital) Cyclically Adjusted Price-to-FCF : 5.05 (As of Apr. 28, 2024)


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What is FS KKR Capital Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), FS KKR Capital's current share price is $19.33. FS KKR Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.83. FS KKR Capital's Cyclically Adjusted Price-to-FCF for today is 5.05.

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

FSK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.46   Med: 5.68   Max: 256.67
Current: 5.04

During the past years, FS KKR Capital's highest Cyclically Adjusted Price-to-FCF was 256.67. The lowest was 4.46. And the median was 5.68.

FSK's Cyclically Adjusted Price-to-FCF is ranked better than
84.22% of 507 companies
in the Asset Management industry
Industry Median: 20.19 vs FSK: 5.04

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.

FS KKR Capital's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.478. 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 $3.83 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


FS KKR Capital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for FS KKR 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.

FS KKR Capital Cyclically Adjusted Price-to-FCF Chart

FS KKR Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 5.42 5.21

FS KKR Capital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 5.42 5.58 5.11 4.71 5.21

Competitive Comparison of FS KKR Capital's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, FS KKR 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.


FS KKR Capital's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



FS KKR 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.

FS KKR Capital's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=19.33/3.83
=5.05

* 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.

FS KKR Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, FS KKR Capital'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)
=0.478/129.4194*129.4194
=0.478

Current CPI (Dec. 2023) = 129.4194.

FS KKR Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.407 99.695 1.827
201406 0.328 100.560 0.422
201409 0.181 100.428 0.233
201412 0.672 99.070 0.878
201503 0.385 99.621 0.500
201506 4.353 100.684 5.595
201509 -2.507 100.392 -3.232
201512 0.672 99.792 0.872
201603 2.007 100.470 2.585
201606 1.177 101.688 1.498
201609 1.615 101.861 2.052
201612 3.840 101.863 4.879
201703 -4.796 102.862 -6.034
201706 4.267 103.349 5.343
201709 1.311 104.136 1.629
201712 0.280 104.011 0.348
201803 2.019 105.290 2.482
201806 2.521 106.317 3.069
201809 0.685 106.507 0.832
201812 -0.548 105.998 -0.669
201903 0.569 107.251 0.687
201906 2.114 108.070 2.532
201909 -0.641 108.329 -0.766
201912 -4.121 108.420 -4.919
202003 1.041 108.902 1.237
202006 2.795 108.767 3.326
202009 0.663 109.815 0.781
202012 0.937 109.897 1.103
202103 3.515 111.754 4.071
202106 0.725 114.631 0.819
202109 -2.981 115.734 -3.333
202112 -1.166 117.630 -1.283
202203 -1.829 121.301 -1.951
202206 2.131 125.017 2.206
202209 1.151 125.227 1.190
202212 2.462 125.222 2.545
202303 0.879 127.348 0.893
202306 2.717 128.729 2.732
202309 0.864 129.860 0.861
202312 0.478 129.419 0.478

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.


FS KKR Capital  (NYSE:FSK) 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.


FS KKR Capital Cyclically Adjusted Price-to-FCF Related Terms

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


FS KKR Capital (FS KKR Capital) Business Description

Traded in Other Exchanges
Address
201 Rouse Boulevard, Philadelphia, PA, USA, 19112
FS KKR Capital Corp is a business development company based in the United States. Its portfolio is comprised of investments in senior secured loans and second lien secured loans of private middle market U.S. companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies. It is focused on providing customized credit solutions to private upper middle-market companies, which it generally defines as companies with annual EBITDA of at least $50 million at the time of investment.
Executives
Jerel A Hopkins director C/O FS INVESTMENT CORPORATION II, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Elizabeth Sandler director 201 ROUSE BLVD, PHILADELPHIA PA 19112
Brian Gerson officer: President, other: Investment Committee Member C/O SOLAR CAPITAL LTD., 500 PARK AVENUE, NEW YORK NY 10022
Daniel Pietrzak officer: Chief Investment Officer 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Barbara Adams director 112 NORTH WOOSTOCK STREET, PHILADELPHIA PA 19103
Richard I Goldstein director C/O INTELLON CORPORATION, 5955 T.G. LEE BLVD., SUITE 600, ORLANDO FL 32822
Michael C. Forman director, officer: President and CEO CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867
James H Kropp director 701 WESTERN AVENUE, GLENDALE CA 91201
Brian R. Ford director 1 MILFORD WAY, MEDFORD NJ 08055
Todd C. Builione director, officer: President C/O KKR CREDIT ADVISORS (US) LLC, 9 WEST 57TH STREET, NEW YORK NY 10019
William Balke Goebel officer: Chief Financial Officer C/O FS INVESTMENT CORP., CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867
Stephen Sypherd officer: VP, Treasurer & Secretary C/O FRANKLIN SQUARE CAPITAL PARTNERS, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Osagie O Imasogie director
Steven C Lilly officer: Chief Financial Officer 1004 FARNAM STREET, SUITE 400, OMAHA NE 27511
Michael J Hagan director 555 EAST LANCASTER AVENUE, SUITE 640, RADNOR PA 19087