GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hargreaves Lansdown PLC (OTCPK:HRGLY) » Definitions » Cyclically Adjusted Price-to-FCF

Hargreaves Lansdown (Hargreaves Lansdown) Cyclically Adjusted Price-to-FCF : (As of May. 01, 2024)


View and export this data going back to 2011. Start your Free Trial

What is Hargreaves Lansdown Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hargreaves Lansdown Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hargreaves Lansdown'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.

Hargreaves Lansdown Cyclically Adjusted Price-to-FCF Chart

Hargreaves Lansdown Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.89 41.20 35.37 15.57 15.01

Hargreaves Lansdown Semi-Annual 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 - 15.57 - 15.01 -

Competitive Comparison of Hargreaves Lansdown's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Hargreaves Lansdown'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.


Hargreaves Lansdown's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Hargreaves Lansdown 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.

Hargreaves Lansdown's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Hargreaves Lansdown's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=1.025/129.4000*129.4000
=1.025

Current CPI (Jun23) = 129.4000.

Hargreaves Lansdown Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.137 99.800 1.474
201506 1.091 100.100 1.410
201606 0.945 101.000 1.211
201706 1.153 103.500 1.442
201806 1.279 105.900 1.563
201906 1.302 107.900 1.561
202006 1.315 108.800 1.564
202106 1.835 111.400 2.131
202206 1.293 120.500 1.388
202306 1.025 129.400 1.025

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.


Hargreaves Lansdown  (OTCPK:HRGLY) 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.


Hargreaves Lansdown Cyclically Adjusted Price-to-FCF Related Terms

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


Hargreaves Lansdown (Hargreaves Lansdown) Business Description

Traded in Other Exchanges
Address
Anchor Road, One College Square South, Bristol, GBR, BS1 5HL
Hargreaves Lansdown PLC operates a large direct-to-investor investment service in the United Kingdom built around offerings tailored to client needs. Clients can elect to hold all their funds, stocks, bonds, ETFs, and other financial instruments in a single service with various tax advantages. The company also offers portfolio rebalancing, discretionary services and managed funds, third-party services, savings management, online and apps offerings, and other retirement solutions. The company's clients mostly comprise individual investors and corporate clients. It primarily earns recurring revenue through the administration and management of assets held under its platform, and secondarily earns transactional revenue through stockbroking commissions and initial advisory fees.

Hargreaves Lansdown (Hargreaves Lansdown) Headlines

From GuruFocus

Is This Buffett's Next Buy?

By The City Letter 09-14-2021