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FBR (FBRC) Cyclically Adjusted FCF per Share : $0.00 (As of Mar. 2017)


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What is FBR Cyclically Adjusted FCF 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 FCF per Share and 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.

FBR's adjusted free cash flow per share for the three months ended in Mar. 2017 was $-0.360. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.00 for the trailing ten years ended in Mar. 2017.

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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2024-05-05), FBR's current stock price is $17.55. FBR's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2017 was $0.00. FBR's Cyclically Adjusted Price-to-FCF of today is .


FBR Cyclically Adjusted FCF per Share Historical Data

The historical data trend for FBR's Cyclically Adjusted FCF 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.

FBR Cyclically Adjusted FCF per Share Chart

FBR Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Cyclically Adjusted FCF per Share
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FBR Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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Competitive Comparison of FBR's Cyclically Adjusted FCF per Share

For the Capital Markets subindustry, FBR'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.


FBR's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

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

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



FBR Cyclically Adjusted FCF 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 FCF per Share and 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.

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

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. Let's use an example to explain.

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

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

For example, FBR's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2017 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2017 (Change)*Current CPI (Mar. 2017)
=-0.36/102.8622*102.8622
=-0.360

Current CPI (Mar. 2017) = 102.8622.

FBR Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200706 2.116 87.906 2.476
200709 -1.489 87.964 -1.741
200712 -0.239 88.616 -0.277
200803 -2.985 90.090 -3.408
200806 -0.481 92.320 -0.536
200809 -1.612 92.307 -1.796
200812 -0.111 88.697 -0.129
200903 -2.607 89.744 -2.988
200906 0.199 91.003 0.225
200909 0.487 91.120 0.550
200912 2.269 91.111 2.562
201003 -5.872 91.821 -6.578
201006 2.518 91.962 2.816
201009 -0.771 92.162 -0.861
201012 1.910 92.474 2.125
201103 -5.000 94.283 -5.455
201106 1.886 95.235 2.037
201109 -2.136 95.727 -2.295
201112 1.094 95.213 1.182
201203 1.830 96.783 1.945
201206 -0.358 96.819 -0.380
201209 -0.888 97.633 -0.936
201212 1.880 96.871 1.996
201303 3.465 98.209 3.629
201306 2.799 98.518 2.922
201309 0.924 98.790 0.962
201312 0.240 98.326 0.251
201403 -1.477 99.695 -1.524
201406 2.278 100.560 2.330
201409 -1.718 100.428 -1.760
201412 -1.742 99.070 -1.809
201503 -0.766 99.621 -0.791
201506 -0.988 100.684 -1.009
201509 0.434 100.392 0.445
201512 -1.270 99.792 -1.309
201603 -3.373 100.470 -3.453
201606 -0.761 101.688 -0.770
201609 -0.473 101.861 -0.478
201612 1.431 101.863 1.445
201703 -0.360 102.862 -0.360

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


FBR  (NAS:FBRC) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 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.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


FBR Cyclically Adjusted FCF per Share Related Terms

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


FBR (FBRC) Business Description

Industry
Traded in Other Exchanges
N/A
Address
FBR & Co is a full-service investment banking, institutional brokerage and asset management firm with a customer-focused and new approach to meeting its clients' needs. In addition, it makes main investments, including merchant banking investments, with its own capital. The Company has focused its business on providing: capital raising services, including underwriting and placement of public and private equity and debt; financial advisory services, including merger and acquisition advisory, restructuring, recapitalization and strategic alternative analysis; institutional sales and trading services; research coverage; asset management services through a group of proprietary mutual funds, hedge funds and funds of funds; private wealth management services to high net worth individuals, families, foundations, pension funds, endowments and other private entities; and proprietary investment returns to its shareholders through merchant banking and other direct investments that it makes utilizing its own capital. The Company focuses its capital markets business in seven industry sectors: consumer, diversified industrials, energy and natural resources, financial institutions, insurance, real estate, and technology, media and telecommunications. Its business comprises of two segments: capital markets, which includes investment banking, institutional brokerage and research; and principal investing.
Executives
Reena Aggarwal director C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Robert J Kiernan officer: Chief Accounting Officer 7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Richard J Hendrix director, officer: President and CEO 1300 NORTH 17TH STREET, ARLINGTON VA 22209
Mark Robert Patterson director 602 UNION STREET, SUITE 2000, SEATTLE WA 98101
Arthur J Reimers director 1300 NORTH 17TH STREET, ARLINGTON VA 22209
William Frederick Strome director 127 INDUSTRY BOULEVARD NORTH HUNTINGDON PA 15642
James C Neuhauser officer: Ex VP 100 NORTH 17TH STREET, ARLINGTON VA 22209
Crestview Offshore Holdings (cayman), L.p. director, 10 percent owner 667 MADISON AVE 1OTH FL, NEW YORK NY 10021
Adam J Klein director C/O CRESTVIEW ADVISORS, 667 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10065
Crestview Partners, L.p. director, 10 percent owner 667 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10021
Crestview Partners Gp, L.p. director, 10 percent owner 667 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10065
Crestview Partners (pf), L.p. director, 10 percent owner C/O CRESTVIEW PARTNERS LP, 667 MADISON AVENUE 10TH FLR, NEW YORK NY 10021
Crestview Holdings (te), L.p. director, 10 percent owner C/O CRESTVIEW PARTNERS GP LP, 667 MADISON AVENUE 10TH FLOOR, NEW YORK NY 10021
Crestview Partners (erisa), L.p. director, 10 percent owner 667 MADISON AVE 10TH FL, NEW YORK NY 10021
Michael Ralph S Iii director

FBR (FBRC) Headlines

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