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Manchester & London Investment Trust (LSE:MNL) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is Manchester & London Investment Trust Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Manchester & London Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Manchester & London 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.

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Manchester & London Investment Trust Cyclically Adjusted Price-to-FCF Chart

Manchester & London Investment Trust Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Price-to-FCF
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Manchester & London Investment Trust Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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Competitive Comparison of Manchester & London Investment Trust's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Manchester & London 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.


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

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

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



Manchester & London 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.

Manchester & London Investment Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul23 is calculated as:

For example, Manchester & London Investment Trust's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jul23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jul23 (Change)*Current CPI (Jul23)
=0.035/129.0000*129.0000
=0.035

Current CPI (Jul23) = 129.0000.

Manchester & London Investment Trust Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 -0.639 99.600 -0.828
201507 0.093 100.000 0.120
201607 0.250 100.900 0.320
201707 0.083 103.500 0.103
201807 0.114 105.900 0.139
201907 -0.078 108.000 -0.093
202007 -0.226 109.200 -0.267
202107 -0.051 111.400 -0.059
202207 -0.040 121.200 -0.043
202307 0.035 129.000 0.035

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.


Manchester & London Investment Trust  (LSE:MNL) 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.


Manchester & London Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

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Manchester & London Investment Trust (LSE:MNL) Business Description

Traded in Other Exchanges
Address
12a Princes Gate Mews, London, GBR, SW7 2PS
Manchester & London Investment Trust PLC is an investment company. It invests in companies whose shares are admitted to trading on a regulated market. The investment objective of the company is to achieve capital appreciation together with a reasonable level of income. It may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards, and options for the purposes of holding investments and hedging positions against movements in equity markets, currencies, and interest rates.

Manchester & London Investment Trust (LSE:MNL) Headlines

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