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Invesco (Invesco) Cyclically Adjusted Price-to-FCF : 5.80 (As of Apr. 27, 2024)


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What is Invesco Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Invesco's current share price is $14.67. Invesco's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.53. Invesco's Cyclically Adjusted Price-to-FCF for today is 5.80.

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

IVZ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.35   Med: 12.82   Max: 38.43
Current: 5.74

During the past years, Invesco's highest Cyclically Adjusted Price-to-FCF was 38.43. The lowest was 3.35. And the median was 12.82.

IVZ's Cyclically Adjusted Price-to-FCF is ranked better than
80.43% of 506 companies
in the Asset Management industry
Industry Median: 20.27 vs IVZ: 5.74

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.

Invesco's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.120. 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 $2.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Invesco Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Invesco'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.

Invesco Cyclically Adjusted Price-to-FCF Chart

Invesco 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 9.16 8.06 10.02 7.66 7.23

Invesco 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 6.55 7.05 6.09 7.23 6.56

Competitive Comparison of Invesco's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Invesco'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.


Invesco's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Invesco 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.67/2.53
=5.80

* 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.

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

For example, Invesco'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)
=-0.12/129.4194*129.4194
=-0.120

Current CPI (Mar. 2024) = 129.4194.

Invesco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.746 100.560 2.247
201409 1.017 100.428 1.311
201412 0.324 99.070 0.423
201503 -0.188 99.621 -0.244
201506 1.157 100.684 1.487
201509 0.142 100.392 0.183
201512 1.300 99.792 1.686
201603 -0.143 100.470 -0.184
201606 0.508 101.688 0.647
201609 0.829 101.861 1.053
201612 0.065 101.863 0.083
201703 0.251 102.862 0.316
201706 0.563 103.349 0.705
201709 0.894 104.136 1.111
201712 0.866 104.011 1.078
201803 -0.177 105.290 -0.218
201806 1.022 106.317 1.244
201809 0.587 106.507 0.713
201812 0.323 105.998 0.394
201903 -0.352 107.251 -0.425
201906 1.014 108.070 1.214
201909 0.632 108.329 0.755
201912 0.870 108.420 1.039
202003 -0.210 108.902 -0.250
202006 0.669 108.767 0.796
202009 0.810 109.815 0.955
202012 1.134 109.897 1.335
202103 -0.102 111.754 -0.118
202106 1.031 114.631 1.164
202109 1.234 115.734 1.380
202112 -0.085 117.630 -0.094
202203 -0.864 121.301 -0.922
202206 0.196 125.017 0.203
202209 0.934 125.227 0.965
202212 0.852 125.222 0.881
202303 -0.299 127.348 -0.304
202306 0.620 128.729 0.623
202309 0.695 129.860 0.693
202312 1.487 129.419 1.487
202403 -0.120 129.419 -0.120

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.


Invesco  (NYSE:IVZ) 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.


Invesco Cyclically Adjusted Price-to-FCF Related Terms

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


Invesco (Invesco) Business Description

Industry
Traded in Other Exchanges
Address
1555 Peachtree Street, N.E., Suite 1800, Two Peachtree Pointe, Atlanta, GA, USA, 30309
Invesco provides investment-management services to retail (63% of managed assets) and institutional (37%) clients. At the end of October 2023, the firm had $1.451 trillion in assets under management spread among its equity (49% of AUM), balanced (4%), fixed-income (21%), alternative investment (12%), and money market (14%) operations. Passive products account for 35% of Invesco's total AUM, including 62% of the company's equity operations and 15% of its fixed-income platform. Invesco's U.S. retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside of North America, with 28% of its AUM sourced from Europe, Africa, and the Middle East (13%) and Asia (15%).
Executives
Thomas P Gibbons director THE BANK OF NEW YORK MELLON CORPORATION, 225 LIBERTY STREET, NEW YORK NY 10286
Martin L Flanagan director, officer: President & CEO 1555 PEACHTREE STREET, SUITE 100, ATLANTA GA 30309
Elizabeth S. Johnson director CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., STAMFORD CT 06901
Stephanie Butcher officer: Senior Managing Director 1555 PEACHTREE ST. NE, ATLANTA GA 30309
Tony Wong officer: Senior Managing Director 1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Trian Fund Management, L.p. director 280 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10017
Jeffrey H Kupor officer: Senior Managing Director 1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Mm Asset Management Holding Llc 10 percent owner 1295 STATE STREET, SPRINGFIELD MA 01111
Terry Vacheron officer: Chief Accounting Officer 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Massmutual Holding Llc 10 percent owner 1295 STATE STREET, SPRINGFIELD MA 01111
Massachusetts Mutual Life Insurance Co 10 percent owner 1295 STATE STREET, SPRINGFIELD MA 01111
Gregory Mcgreevey officer: Senior Managing Director 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Jennifer Krevitt officer: SMD & Chief HR Officer 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Meadows Colin officer: Senior Managing Director 1360 PEACHTREE STREET, ATLANTA GA 30309
Christopher C Womack director

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