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Ocwen Financial (Ocwen Financial) Cyclically Adjusted Price-to-FCF : 2.58 (As of Apr. 30, 2024)


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What is Ocwen Financial Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Ocwen Financial's current share price is $23.34. Ocwen Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $9.04. Ocwen Financial's Cyclically Adjusted Price-to-FCF for today is 2.58.

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

OCN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.07   Med: 0.91   Max: 26.32
Current: 2.72

During the past years, Ocwen Financial's highest Cyclically Adjusted Price-to-FCF was 26.32. The lowest was 0.07. And the median was 0.91.

OCN's Cyclically Adjusted Price-to-FCF is ranked better than
83.19% of 839 companies
in the Banks industry
Industry Median: 7.42 vs OCN: 2.72

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.

Ocwen Financial's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $32.743. 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 $9.04 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ocwen Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ocwen Financial'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.

Ocwen Financial Cyclically Adjusted Price-to-FCF Chart

Ocwen Financial 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 0.30 0.51 1.34 3.56 3.40

Ocwen Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 3.56 - - - 3.40

Competitive Comparison of Ocwen Financial's Cyclically Adjusted Price-to-FCF

For the Mortgage Finance subindustry, Ocwen Financial'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.


Ocwen Financial's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Ocwen Financial's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ocwen Financial 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.

Ocwen Financial's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.34/9.04
=2.58

* 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.

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

For example, Ocwen Financial'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)
=32.743/129.4194*129.4194
=32.743

Current CPI (Dec. 2023) = 129.4194.

Ocwen Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 19.751 99.695 25.640
201406 1.025 100.560 1.319
201409 38.690 100.428 49.859
201412 -25.496 99.070 -33.307
201503 37.538 99.621 48.766
201506 23.929 100.684 30.758
201509 26.909 100.392 34.690
201512 -25.591 99.792 -33.189
201603 14.122 100.470 18.191
201606 3.099 101.688 3.944
201609 19.742 101.861 25.083
201612 7.809 101.863 9.922
201703 10.011 102.862 12.596
201706 22.989 103.349 28.788
201709 14.286 104.136 17.755
201712 0.225 104.011 0.280
201803 10.745 105.290 13.208
201806 10.505 106.317 12.788
201809 10.227 106.507 12.427
201812 -2.615 105.998 -3.193
201903 5.767 107.251 6.959
201906 -2.589 108.070 -3.100
201909 4.683 108.329 5.595
201912 -7.344 108.420 -8.766
202003 15.699 108.902 18.657
202006 4.117 108.767 4.899
202009 -1.356 109.815 -1.598
202012 -20.881 109.897 -24.590
202103 -19.376 111.754 -22.439
202106 -84.183 114.631 -95.043
202109 -28.765 115.734 -32.166
202112 -10.579 117.630 -11.639
202203 13.714 121.301 14.632
202206 7.761 125.017 8.034
202209 -12.890 125.227 -13.322
202212 -15.132 125.222 -15.639
202303 -31.710 127.348 -32.226
202306 -58.573 128.729 -58.887
202309 42.134 129.860 41.991
202312 32.743 129.419 32.743

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.


Ocwen Financial  (NYSE:OCN) 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.


Ocwen Financial Cyclically Adjusted Price-to-FCF Related Terms

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


Ocwen Financial (Ocwen Financial) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1661 Worthington Road, Suite 100, West Palm Beach, FL, USA, 33409
Ocwen Financial Corp is a financial service company that services and originates loans. Its business segment includes Servicing and Lending. Servicing segment provides residential and commercial mortgage loan servicing, special servicing and asset management services. Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The company generates a majority of its revenue from the Servicing segment. Geographically, it generates a majority of its revenue from the United States.
Executives
Jenna D. Evans officer: Chief Risk & Compliance 1661 WORTHINGTON RD, SUITE 100, WEST PALM BEACH FL 33409
Sean Bradley O'neil officer: EVP & Chief Financial Officer 1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Jacques J Busquet director C/O OCWEN FINANCIAL CORPORATION, 1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Jenne K Britell director 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Phyllis R Caldwell director AMERICAN CAPITAL, LTD., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Glen A. Messina director, officer: President and CEO 3000 LEADENHALL ROAD, MOUNT LAUREL NJ 08054
Dennis Zeleny officer: Chief Administrative Officer 1818 MARKET STREET, SUITE 1500, PHILADELPHIA PA 19103-7583
Aaron D Wade officer: EVP, Capital Markets 1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
George T. Henley officer: EVP & Chief Growth Officer C/O OCWEN FINANCIAL CORPORATION, 1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Soaries Deforest B. Jr. director C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Joseph B Long officer: EVP, Capital Markets C/O EVERBANK FINANCIAL CORP, 501 RIVERSIDE AVENUE, JACKSONVILLE FL 32202
Kevin Stein director 3000 LEADENHALL RD., MAILSTOP PCLG, MOUNT LAUREL NJ 08054
Deer Park Road Management Company, Lp 10 percent owner 1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Scott Edward Burg 10 percent owner 1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Agatecreek Llc 10 percent owner 1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487