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Azimut Holding SPA (Azimut Holding SPA) Cyclically Adjusted Price-to-FCF : 10.61 (As of May. 22, 2024)


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What is Azimut Holding SPA Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Azimut Holding SPA's current share price is $28.64. Azimut Holding SPA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.70. Azimut Holding SPA's Cyclically Adjusted Price-to-FCF for today is 10.61.

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

AZIHF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.08   Med: 10.12   Max: 16.32
Current: 9.87

During the past years, Azimut Holding SPA's highest Cyclically Adjusted Price-to-FCF was 16.32. The lowest was 6.08. And the median was 10.12.

AZIHF's Cyclically Adjusted Price-to-FCF is ranked better than
68.47% of 498 companies
in the Asset Management industry
Industry Median: 20.18 vs AZIHF: 9.87

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.

Azimut Holding SPA's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.548. 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 $2.70 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Azimut Holding SPA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Azimut Holding SPA'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.

Azimut Holding SPA Cyclically Adjusted Price-to-FCF Chart

Azimut Holding SPA 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 12.16 10.12 10.20 8.51 9.26

Azimut Holding SPA 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 7.86 7.48 7.56 9.26 -

Competitive Comparison of Azimut Holding SPA's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Azimut Holding SPA'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.


Azimut Holding SPA's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Azimut Holding SPA 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.

Azimut Holding SPA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=28.64/2.7
=10.61

* 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.

Azimut Holding SPA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Azimut Holding SPA's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.548/119.7000*119.7000
=0.548

Current CPI (Dec. 2023) = 119.7000.

Azimut Holding SPA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.402 99.907 0.482
201406 0.382 100.093 0.457
201409 0.313 99.814 0.375
201412 -0.115 99.721 -0.138
201503 1.093 99.814 1.311
201506 0.537 100.279 0.641
201509 0.173 100.000 0.207
201512 -0.094 99.814 -0.113
201603 1.298 99.600 1.560
201606 -1.410 99.900 -1.689
201609 0.663 100.100 0.793
201612 0.701 100.300 0.837
201703 3.191 101.000 3.782
201706 -1.576 101.100 -1.866
201709 0.475 101.200 0.562
201712 0.510 101.200 0.603
201803 -0.080 101.800 -0.094
201806 -0.625 102.400 -0.731
201809 0.271 102.600 0.316
201812 0.115 102.300 0.135
201903 2.435 102.800 2.835
201906 0.523 103.100 0.607
201909 0.289 102.900 0.336
201912 3.839 102.800 4.470
202003 0.675 102.900 0.785
202006 -0.036 102.900 -0.042
202009 0.396 102.300 0.463
202012 1.115 102.600 1.301
202103 1.449 103.700 1.673
202106 1.694 104.200 1.946
202109 1.804 104.900 2.059
202112 2.402 106.600 2.697
202203 -1.644 110.400 -1.782
202206 0.030 112.500 0.032
202209 0.686 114.200 0.719
202212 -0.348 119.000 -0.350
202303 0.877 118.800 0.884
202306 1.206 119.700 1.206
202309 1.017 120.300 1.012
202312 0.548 119.700 0.548

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.


Azimut Holding SPA  (OTCPK:AZIHF) 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.


Azimut Holding SPA Cyclically Adjusted Price-to-FCF Related Terms

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


Azimut Holding SPA (Azimut Holding SPA) Business Description

Traded in Other Exchanges
Address
Via Cusani 4, Milan, ITA, 20121
Azimut Holding SPA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.

Azimut Holding SPA (Azimut Holding SPA) Headlines

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