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Western Asset Highome Fund II (Western Asset Highome Fund II) EV-to-FCF : 6.43 (As of May. 31, 2024)


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What is Western Asset Highome Fund II EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Western Asset Highome Fund II's Enterprise Value is $423.10 Mil. Western Asset Highome Fund II's Free Cash Flow for the trailing twelve months (TTM) ended in Oct. 2023 was $65.79 Mil. Therefore, Western Asset Highome Fund II's EV-to-FCF for today is 6.43.

The historical rank and industry rank for Western Asset Highome Fund II's EV-to-FCF or its related term are showing as below:

HIX' s EV-to-FCF Range Over the Past 10 Years
Min: 1.82   Med: 10.42   Max: 30.06
Current: 6.4

During the past 6 years, the highest EV-to-FCF of Western Asset Highome Fund II was 30.06. The lowest was 1.82. And the median was 10.42.

HIX's EV-to-FCF is ranked better than
77.45% of 1051 companies
in the Asset Management industry
Industry Median: 13.28 vs HIX: 6.40

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2024-05-31), Western Asset Highome Fund II's stock price is $4.38. Western Asset Highome Fund II's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2023 was $0.099. Therefore, Western Asset Highome Fund II's PE Ratio for today is 44.24.


Western Asset Highome Fund II EV-to-FCF Historical Data

The historical data trend for Western Asset Highome Fund II's EV-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.

Western Asset Highome Fund II EV-to-FCF Chart

Western Asset Highome Fund II Annual Data
Trend Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
EV-to-FCF
Get a 7-Day Free Trial 29.21 8.73 2.14 14.94 7.46

Western Asset Highome Fund II Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 14.94 - 7.46 -

Competitive Comparison of Western Asset Highome Fund II's EV-to-FCF

For the Asset Management subindustry, Western Asset Highome Fund II's EV-to-FCF, along with its competitors' market caps and EV-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.


Western Asset Highome Fund II's EV-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Highome Fund II's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Western Asset Highome Fund II's EV-to-FCF falls into.



Western Asset Highome Fund II EV-to-FCF Calculation

Western Asset Highome Fund II's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=423.098/65.794
=6.43

Western Asset Highome Fund II's current Enterprise Value is $423.10 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Western Asset Highome Fund II's Free Cash Flow for the trailing twelve months (TTM) ended in Oct. 2023 was $65.79 Mil.

* 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.


Western Asset Highome Fund II  (NYSE:HIX) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

Western Asset Highome Fund II's PE Ratio for today is calculated as:

PE Ratio=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=4.38/0.099
=44.24

Western Asset Highome Fund II's share price for today is $4.38.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Western Asset Highome Fund II's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2023 was $0.099.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Western Asset Highome Fund II EV-to-FCF Related Terms

Thank you for viewing the detailed overview of Western Asset Highome Fund II's EV-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Western Asset Highome Fund II (Western Asset Highome Fund II) Business Description

Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018
Western Asset High Income Fund II Inc is a diversified closed-end management investment company. Its investment objective is to maximize current income by investing at least 80% of its net assets and borrowings for investment purposes in high-yield debt securities.
Executives
Oliveira Marc De officer: Secretary/Chief Legal Officer C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Hoffmann Courtney A. other: Secretary/GC Subadviser WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Andrew J. Bowden other: COO/Subadviser WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Eileen A Kamerick director 200 NORTH ADAMS STREET, GREEN BAY WI 54301
Daniel P Cronin director 235 EAST 42ND ST, NEW YORK NY 10017
Laura F Fergerson other: Manager/Investment Manager 3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
Brian Eakes other: Manager/Investment Manager 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
George P. Hoyt officer: Secretary and Ch Lgl Officer C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Matthew Nicholls other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson other: Director of Sub-Adviser C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Fred Steven Jensen officer: Chief Compliance Officer LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Christopher Berarducci officer: Treas/Principal Finan Officer LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Nisha Kumar director 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103