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MBN (OSNDF) Cyclically Adjusted Price-to-FCF : (As of Jun. 05, 2024)


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What is MBN Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


MBN Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MBN'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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MBN Cyclically Adjusted Price-to-FCF Chart

MBN Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted Price-to-FCF
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MBN Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
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Competitive Comparison of MBN's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, MBN'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.


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

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

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



MBN 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.

MBN's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec21 is calculated as:

For example, MBN's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec21 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec21 (Change)*Current CPI (Dec21)
=-0.545/113.7740*113.7740
=-0.545

Current CPI (Dec21) = 113.7740.

MBN Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 -1.219 95.760 -1.448
201312 -3.637 96.945 -4.268
201412 1.140 98.367 1.319
201512 0.610 99.947 0.694
201612 -1.172 101.449 -1.314
201712 1.100 103.345 1.211
201812 0.955 105.399 1.031
201912 -0.988 107.769 -1.043
202012 -1.516 108.559 -1.589
202112 -0.545 113.774 -0.545

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.


MBN  (GREY:OSNDF) 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.


MBN Cyclically Adjusted Price-to-FCF Related Terms

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MBN (OSNDF) Business Description

Industry
Traded in Other Exchanges
N/A
Address
812 Memorial Drive NW, Calgary, AB, CAN, T2N 3C8
MBN Corp is an investment management company. It manages investment products for individual and institutional investors. Its products include mutual funds, closed-end funds, private and public resource funds, and real estate funds. Its objective is to create long-term value through a dual-track strategy of growing the company's assets under management through mergers with other investment funds, and pursuing opportunities with the broader financial services sector to acquire investment management companies and/or establish such companies working with proven investment managers.

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