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Herald Investment Trust (CHIX:HRIL) Cyclically Adjusted Price-to-FCF : 35.00 (As of May. 26, 2024)


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What is Herald Investment Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Herald Investment Trust's current share price is £22.05. Herald Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was £0.63. Herald Investment Trust's Cyclically Adjusted Price-to-FCF for today is 35.00.

The historical rank and industry rank for Herald Investment Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CHIX:HRIl' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 29.68   Med: 46.2   Max: 691
Current: 34.82

During the past years, Herald Investment Trust's highest Cyclically Adjusted Price-to-FCF was 691.00. The lowest was 29.68. And the median was 46.20.

CHIX:HRIl's Cyclically Adjusted Price-to-FCF is ranked worse than
67% of 500 companies
in the Asset Management industry
Industry Median: 20.105 vs CHIX:HRIl: 34.82

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.

Herald Investment Trust's adjusted free cash flow per share data for the three months ended in Dec. 2023 was £0.877. 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 £0.63 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Herald Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Herald Investment Trust'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.

Herald Investment Trust Cyclically Adjusted Price-to-FCF Chart

Herald Investment Trust 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 43.77 69.06 66.47 36.14 30.35

Herald Investment Trust Quarterly Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 66.47 - 36.14 - 30.35

Competitive Comparison of Herald Investment Trust's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Herald Investment Trust'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.


Herald Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Herald Investment Trust 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.

Herald Investment Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.05/0.63
=35.00

* 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.

Herald Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Herald Investment Trust'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)
=0.877/130.5000*130.5000
=0.877

Current CPI (Dec. 2023) = 130.5000.

Herald Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200406 0.000 77.900 0.000
200412 0.000 78.600 0.000
200506 0.000 79.400 0.000
200512 0.000 80.300 0.000
200606 0.000 81.500 0.000
200612 0.000 82.600 0.000
200706 0.000 83.500 0.000
200712 0.000 84.500 0.000
200806 0.000 86.600 0.000
200812 0.000 87.100 0.000
200906 0.000 88.100 0.000
200912 0.000 88.900 0.000
201006 0.000 90.200 0.000
201012 0.000 91.700 0.000
201106 0.000 93.500 0.000
201112 0.000 95.000 0.000
201206 0.003 95.600 0.004
201212 0.000 97.300 0.000
201306 0.014 98.000 0.019
201312 -0.019 99.200 -0.025
201406 0.001 99.800 0.001
201412 0.233 99.900 0.304
201506 0.000 100.100 0.000
201512 0.000 100.400 0.000
201606 0.000 101.000 0.000
201612 0.000 102.200 0.000
201706 0.000 103.500 0.000
201712 0.000 105.000 0.000
201806 0.467 105.900 0.575
201812 0.000 107.100 0.000
201906 -0.290 107.900 -0.351
201912 0.932 108.500 1.121
202006 0.095 108.800 0.114
202012 0.086 109.400 0.103
202106 0.141 111.400 0.165
202112 0.229 114.700 0.261
202206 0.201 120.500 0.218
202212 0.620 125.300 0.646
202306 0.304 129.400 0.307
202312 0.877 130.500 0.877

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.


Herald Investment Trust  (CHIX:HRIl) 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.


Herald Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Herald Investment Trust (CHIX:HRIL) Business Description

Traded in Other Exchanges
Address
10-11 Charterhouse Square, Welken House, London, GBR, EC1M 6EE
Herald Investment Trust PLC is an UK-based investment trust which aims capital appreciation through investments in smaller quoted companies in the areas of telecommunications, multimedia, and technology on a long-term basis. It focuses upon on diversifies portfolio which offers long-term growth potential and to benchmark its performance against the technology sector. The trust's investment portfolio includes companies which are in the business of software and computer services, technology hardware and equipment, printing and publishing, industrial sectors, support services, and others. Geographically, investments of the company are spread across the UK, North America, Japan, Asia-Pacific, Europe, Middle East, and Africa. The trust's revenue mainly consists of dividend and interest.

Herald Investment Trust (CHIX:HRIL) Headlines

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