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Advent Convertible &ome Fund (Advent Convertible &ome Fund) FCF Yield % : 12.07 (As of May. 30, 2024)


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What is Advent Convertible &ome Fund FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, Advent Convertible &ome Fund's Trailing 12-Month Free Cash Flow is $49.21 Mil, and Market Cap is $407.86 Mil. Therefore, Advent Convertible &ome Fund's FCF Yield % for today is 12.07%.

The historical rank and industry rank for Advent Convertible &ome Fund's FCF Yield % or its related term are showing as below:

AVK' s FCF Yield % Range Over the Past 10 Years
Min: 6.03   Med: 12.34   Max: 38.62
Current: 12.07


During the past 7 years, the highest FCF Yield % of Advent Convertible &ome Fund was 38.62%. The lowest was 6.03%. And the median was 12.34%.

AVK's FCF Yield % is ranked better than
80.06% of 1595 companies
in the Asset Management industry
Industry Median: 3.17 vs AVK: 12.07

Advent Convertible &ome Fund's FCF Margin % for the quarter that ended in Oct. 2023 was -91.41%.


Advent Convertible &ome Fund FCF Yield % Historical Data

The historical data trend for Advent Convertible &ome Fund's FCF Yield % 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.

Advent Convertible &ome Fund FCF Yield % Chart

Advent Convertible &ome Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
FCF Yield %
Get a 7-Day Free Trial 9.64 23.66 7.36 17.21 15.01

Advent Convertible &ome Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
FCF Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.44 18.28 11.94 11.97 15.18

Competitive Comparison of Advent Convertible &ome Fund's FCF Yield %

For the Asset Management subindustry, Advent Convertible &ome Fund's FCF Yield %, along with its competitors' market caps and FCF Yield % 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.


Advent Convertible &ome Fund's FCF Yield % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Advent Convertible &ome Fund's FCF Yield % distribution charts can be found below:

* The bar in red indicates where Advent Convertible &ome Fund's FCF Yield % falls into.



Advent Convertible &ome Fund FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Advent Convertible &ome Fund's FCF Yield % for the fiscal year that ended in Oct. 2023 is calculated as

FCF Yield %=Free Cash Flow / Market Cap
=49.21 / 327.949224
=15.01%

Advent Convertible &ome Fund's annualized FCF Yield % for the quarter that ended in Oct. 2023 is calculated as

FCF Yield %=Free Cash Flow * Annualized Factor / Market Cap
=24.887 * 2 / 327.949224
=15.18%

* 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.


Advent Convertible &ome Fund FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.


Advent Convertible &ome Fund FCF Yield % Related Terms

Thank you for viewing the detailed overview of Advent Convertible &ome Fund's FCF Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Advent Convertible &ome Fund (Advent Convertible &ome Fund) Business Description

Traded in Other Exchanges
N/A
Address
888 Seventh Avenue, 31st Floor, New York, NY, USA, 10019
Advent Convertible & Income Fund is a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of capital appreciation and current income. The Fund invests in various sectors, such as communications, utilities, energy, industrial, technology, and others.
Executives
Tracy V Maitland officer: President, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Nancy E. Stuebe director, other: Trustee 227 W MONROE STREET, CHICAGO IL 60606
Advent Capital Management /de/ other: Investment Manager 888 SEVENTH AVENUE, 31ST FLOOR, NEW YORK NY 10019
Stephen Ellwood officer: CCO & Secretary 888 SEVENTH STREET, 31ST FLOOR, NEW YORK NY 10019
Olin Kathleen Capital Management officer: CCO and Secretary 888 7TH AVENUE 31ST FLOOR, NEW YORK NY 10019
Randall C Barnes director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60187
Gerald L Seizert director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Michael A Smart other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Derek Medina director ABC NEWS, 47 WEST 66TH STREET, NEW YORK NY 100123
Tony Huang officer: V.P. & Assistant Secretary 227 WEST MONROE STREET, CHICAGO IL 60606
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Daniel Black director, other: Trustee C/O ADVENT CAPITAL MANAGEMENT, LLC, 1065 AVENUE OF THE AMERICAS, 31ST FLOOR, NEW YORK NY 10018
Ronald Nyberg director 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Doug Teresko other: Managing Director 1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020

Advent Convertible &ome Fund (Advent Convertible &ome Fund) Headlines