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AGF Management (AGF Management) Cyclically Adjusted FCF per Share : $0.61 (As of Feb. 2024)


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What is AGF Management Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

AGF Management's adjusted free cash flow per share for the three months ended in Feb. 2024 was $-0.293. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.61 for the trailing ten years ended in Feb. 2024.

During the past 12 months, AGF Management's average Cyclically Adjusted FCF Growth Rate was 5.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 82.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 27.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -12.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of AGF Management was 82.50% per year. The lowest was -44.50% per year. And the median was -8.35% per year.

As of today (2024-04-28), AGF Management's current stock price is $5.92. AGF Management's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was $0.61. AGF Management's Cyclically Adjusted Price-to-FCF of today is 9.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AGF Management was 62.85. The lowest was 3.04. And the median was 9.56.


AGF Management Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AGF Management's Cyclically Adjusted FCF per Share 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.

AGF Management Cyclically Adjusted FCF per Share Chart

AGF Management Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.10 0.42 0.60 0.59

AGF Management Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted FCF per Share 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 0.56 0.56 0.56 0.59 0.61

Competitive Comparison of AGF Management's Cyclically Adjusted FCF per Share

For the Asset Management subindustry, AGF Management'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.


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

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

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



AGF Management Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, AGF Management's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=-0.293/125.4675*125.4675
=-0.293

Current CPI (Feb. 2024) = 125.4675.

AGF Management Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.250 99.394 0.316
201408 0.289 99.315 0.365
201411 0.380 99.078 0.481
201502 -0.237 99.078 -0.300
201505 0.252 100.263 0.315
201508 0.230 100.579 0.287
201511 0.197 100.421 0.246
201602 -0.180 100.421 -0.225
201605 0.235 101.765 0.290
201608 0.168 101.686 0.207
201611 0.255 101.607 0.315
201702 -0.238 102.476 -0.291
201705 0.248 103.108 0.302
201708 0.254 103.108 0.309
201711 0.280 103.740 0.339
201802 -0.272 104.688 -0.326
201805 0.384 105.399 0.457
201808 0.182 106.031 0.215
201811 0.215 105.478 0.256
201902 -0.073 106.268 -0.086
201905 0.245 107.927 0.285
201908 0.200 108.085 0.232
201911 0.250 107.769 0.291
202002 -0.129 108.559 -0.149
202005 0.231 107.532 0.270
202008 0.222 108.243 0.257
202011 0.551 108.796 0.635
202102 -0.447 109.745 -0.511
202105 -0.515 111.404 -0.580
202108 0.600 112.668 0.668
202111 0.284 113.932 0.313
202202 -0.340 115.986 -0.368
202205 0.121 120.016 0.126
202208 0.417 120.569 0.434
202211 0.341 121.675 0.352
202302 -0.202 122.070 -0.208
202305 0.278 124.045 0.281
202308 0.450 125.389 0.450
202311 0.391 125.468 0.391
202402 -0.293 125.468 -0.293

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


AGF Management  (OTCPK:AGFMF) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

AGF Management's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5.92/0.61
=9.70

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AGF Management was 62.85. The lowest was 3.04. And the median was 9.56.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


AGF Management Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of AGF Management's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


AGF Management (AGF Management) Business Description

Traded in Other Exchanges
Address
81 Bay Street, Suite 3900, CIBC SQUARE, Tower One, Toronto, ON, CAN, M5J 0G1
AGF Management is a Canada-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of September, the firm had CAD 41.0 billion in total assets under management. Its funds are weighted more heavily toward equities, with close to three fourths of retail AUM being equity-related. That said, the company does use fundamental, quantitative, and alternative strategies to manage its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with one fourth of its total AUM derived from institutional and subadvised accounts. The company derives 17% of its managed assets from high-net-worth clients.

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