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Virtu Financial (Virtu Financial) Cyclically Adjusted FCF per Share : $6.42 (As of Mar. 2024)


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What is Virtu Financial 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.

Virtu Financial's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-4.737. 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 $6.42 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Virtu Financial's average Cyclically Adjusted FCF Growth Rate was -6.70% per year. 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 (2024-05-26), Virtu Financial's current stock price is $23.02. Virtu Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $6.42. Virtu Financial's Cyclically Adjusted Price-to-FCF of today is 3.59.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Virtu Financial was 3.65. The lowest was 2.34. And the median was 2.68.


Virtu Financial Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Virtu Financial'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.

Virtu Financial Cyclically Adjusted FCF per Share Chart

Virtu Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 7.12

Virtu Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 6.88 6.89 6.95 7.12 6.42

Competitive Comparison of Virtu Financial's Cyclically Adjusted FCF per Share

For the Capital Markets subindustry, Virtu Financial'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.


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

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

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



Virtu Financial 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, Virtu Financial'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)
=-4.737/131.7762*131.7762
=-4.737

Current CPI (Mar. 2024) = 131.7762.

Virtu Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.148 100.560 0.194
201409 1.126 100.428 1.477
201412 3.442 99.070 4.578
201503 2.381 99.621 3.150
201506 2.584 100.684 3.382
201509 1.619 100.392 2.125
201512 0.390 99.792 0.515
201603 1.252 100.470 1.642
201606 0.719 101.688 0.932
201609 2.516 101.861 3.255
201612 1.198 101.863 1.550
201703 0.649 102.862 0.831
201706 1.127 103.349 1.437
201709 1.536 104.136 1.944
201712 0.708 104.011 0.897
201803 1.163 105.290 1.456
201806 1.735 106.317 2.150
201809 -0.070 106.507 -0.087
201812 3.649 105.998 4.536
201903 -2.058 107.251 -2.529
201906 -1.615 108.070 -1.969
201909 0.121 108.329 0.147
201912 4.241 108.420 5.155
202003 -1.983 108.902 -2.400
202006 5.766 108.767 6.986
202009 -0.266 109.815 -0.319
202012 4.584 109.897 5.497
202103 0.894 111.754 1.054
202106 1.711 114.631 1.967
202109 0.089 115.734 0.101
202112 6.960 117.630 7.797
202203 -2.606 121.301 -2.831
202206 2.877 125.017 3.033
202209 2.186 125.227 2.300
202212 4.024 125.222 4.235
202303 -1.869 127.348 -1.934
202306 1.139 128.729 1.166
202309 1.735 129.860 1.761
202312 3.640 129.419 3.706
202403 -4.737 131.776 -4.737

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


Virtu Financial  (NAS:VIRT) 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.

Virtu Financial's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=23.02/6.42
=3.59

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Virtu Financial was 3.65. The lowest was 2.34. And the median was 2.68.


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.


Virtu Financial Cyclically Adjusted FCF per Share Related Terms

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


Virtu Financial (Virtu Financial) Business Description

Traded in Other Exchanges
Address
1633 Broadway, New York, NY, USA, 10019
Virtu Financial Inc is a technology-enabled market maker and liquidity provider to the global financial markets. The company's operating segment includes Market Making; Execution Services and Corporate. It generates maximum revenue from the Market Making segment. The Market Making segment principally consists of market-making in the cash, futures and options markets across global equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of its revenue from the United States and also has a presence in Ireland; Singapore; Canada; Australia and Other Countries.
Executives
Joseph Molluso officer: EX VP & CFO 645 MADISON AVENUE, NEW YORK NY 10022-1010
Douglas A Cifu director, officer: CEO ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Brett Fairclough officer: COO ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Joanne Minieri director 100 VENTERANS MEMORIAL HIGHWAY, 11TH FL, HAUPPAUGE NY 11788
Stephen Cavoli officer: EVP 300 VESEY STREET, NEW YORK NY 10282
Gic Private Ltd 10 percent owner 168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
Coral Blue Investment Pte. Ltd. 10 percent owner 168 ROBINSON ROAD 37-01 CAPITAL TOWER, SINGAPORE U0 068912
North Island Ventures, Llc 10 percent owner 51 WEST 52ND STREET, 30TH FLOOR, NEW YORK NY 10019
Sean Galvin officer: CFO 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Public Sector Pension Investment Board 10 percent owner 1250 RENE-LEVESQUE BLVD WEST, SUITE 1400, MONTREAL A8 H3B 5E9
Temasek Holdings (private) Ltd 10 percent owner 60B ORCHARD ROAD #06-18 TOWER 2, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Joseph C. Grano director 1185 AVENUE OF THE AMERICAS, SUITE 1750, NEW YORK NY 10036
Virginia Gambale director C/O JETBLUE AIRWAYS CORP., 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Alexander M. Ioffe officer: CFO ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Hyungtaek Kim officer: CAO ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006