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The European Smaller Trust (LSE:ESCT) Cyclically Adjusted Price-to-FCF : 187.00 (As of May. 19, 2024)


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What is The European Smaller Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-05-19), The European Smaller Trust's current share price is £1.87. The European Smaller Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was £0.01. The European Smaller Trust's Cyclically Adjusted Price-to-FCF for today is 187.00.

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

LSE:ESCT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 126   Med: 154   Max: 279.12
Current: 279.12

During the past 13 years, The European Smaller Trust's highest Cyclically Adjusted Price-to-FCF was 279.12. The lowest was 126.00. And the median was 154.00.

LSE:ESCT's Cyclically Adjusted Price-to-FCF is ranked worse than
97.02% of 504 companies
in the Asset Management industry
Industry Median: 20.445 vs LSE:ESCT: 279.12

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.

The European Smaller Trust's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was £-0.022. 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 £0.01 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


The European Smaller Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The European Smaller 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.

The European Smaller Trust Cyclically Adjusted Price-to-FCF Chart

The European Smaller Trust 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 - 238.52 - 213.22 229.86

The European Smaller Trust 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 - 213.22 - 229.86 -

Competitive Comparison of The European Smaller Trust's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, The European Smaller 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.


The European Smaller Trust's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



The European Smaller 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.

The European Smaller Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.87/0.01
=187.00

* 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.

The European Smaller Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, The European Smaller Trust'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)
=-0.022/129.4000*129.4000
=-0.022

Current CPI (Jun23) = 129.4000.

The European Smaller Trust Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.028 99.800 -0.036
201506 0.004 100.100 0.005
201606 0.045 101.000 0.058
201706 -0.016 103.500 -0.020
201806 0.021 105.900 0.026
201906 0.002 107.900 0.002
202006 0.050 108.800 0.059
202106 -0.082 111.400 -0.095
202206 0.084 120.500 0.090
202306 -0.022 129.400 -0.022

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.


The European Smaller Trust  (LSE:ESCT) 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.


The European Smaller Trust Cyclically Adjusted Price-to-FCF Related Terms

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


The European Smaller Trust (LSE:ESCT) Business Description

Traded in Other Exchanges
Address
201 Bishopsgate, London, GBR, EC2M 3AE
The European Smaller Companies Trust PLC, formerly TR European Growth Trust PLC is a United Kingdom-based investment company. Its investment objective is to achieve capital growth by investing predominantly in smaller and medium sized companies in Europe. According to its investment strategy, it maintains a diversified portfolio of equities and other investments for the long term. Its portfolio includes industrial goods, technology, financials, business providers, basic materials, consumer goods, retail providers and natural resource sectors.

The European Smaller Trust (LSE:ESCT) Headlines

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