GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock Capital Investment Corp (NAS:BKCC) » Definitions » Cyclically Adjusted Price-to-FCF

BlackRock Capital Investment (BlackRock Capital Investment) Cyclically Adjusted Price-to-FCF : 3.47 (As of Apr. 28, 2024)


View and export this data going back to 2007. Start your Free Trial

What is BlackRock Capital Investment Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), BlackRock Capital Investment's current share price is $3.68. BlackRock Capital Investment's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.06. BlackRock Capital Investment's Cyclically Adjusted Price-to-FCF for today is 3.47.

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

BKCC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.8   Med: 4.63   Max: 30.04
Current: 3.47

During the past years, BlackRock Capital Investment's highest Cyclically Adjusted Price-to-FCF was 30.04. The lowest was 2.80. And the median was 4.63.

BKCC's Cyclically Adjusted Price-to-FCF is not ranked
in the Asset Management industry.
Industry Median: 20.19 vs BKCC: 3.47

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.

BlackRock Capital Investment's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-0.126. 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 $1.06 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


BlackRock Capital Investment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for BlackRock Capital Investment'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.

BlackRock Capital Investment Cyclically Adjusted Price-to-FCF Chart

BlackRock Capital Investment 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 6.53 3.17 3.79 3.71 3.65

BlackRock Capital Investment 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 3.71 3.83 3.98 3.63 3.65

Competitive Comparison of BlackRock Capital Investment's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, BlackRock Capital Investment'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.


BlackRock Capital Investment's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



BlackRock Capital Investment 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.

BlackRock Capital Investment's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.68/1.06
=3.47

* 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.

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

For example, BlackRock Capital Investment'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)
=-0.126/129.4194*129.4194
=-0.126

Current CPI (Dec. 2023) = 129.4194.

BlackRock Capital Investment Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.626 99.695 0.813
201406 2.294 100.560 2.952
201409 -0.613 100.428 -0.790
201412 -1.237 99.070 -1.616
201503 0.303 99.621 0.394
201506 2.280 100.684 2.931
201509 -1.177 100.392 -1.517
201512 0.444 99.792 0.576
201603 -0.732 100.470 -0.943
201606 1.488 101.688 1.894
201609 0.571 101.861 0.725
201612 0.033 101.863 0.042
201703 0.087 102.862 0.109
201706 0.710 103.349 0.889
201709 0.722 104.136 0.897
201712 1.064 104.011 1.324
201803 -1.259 105.290 -1.548
201806 1.084 106.317 1.320
201809 0.219 106.507 0.266
201812 0.921 105.998 1.125
201903 0.054 107.251 0.065
201906 -0.422 108.070 -0.505
201909 -0.339 108.329 -0.405
201912 -0.187 108.420 -0.223
202003 0.080 108.902 0.095
202006 -0.013 108.767 -0.015
202009 0.228 109.815 0.269
202012 1.623 109.897 1.911
202103 0.256 111.754 0.296
202106 -0.368 114.631 -0.415
202109 -0.045 115.734 -0.050
202112 0.150 117.630 0.165
202203 0.349 121.301 0.372
202206 -0.509 125.017 -0.527
202209 -0.097 125.227 -0.100
202212 -0.053 125.222 -0.055
202303 -0.098 127.348 -0.100
202306 -0.068 128.729 -0.068
202309 0.187 129.860 0.186
202312 -0.126 129.419 -0.126

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.


BlackRock Capital Investment  (NAS:BKCC) 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.


BlackRock Capital Investment Cyclically Adjusted Price-to-FCF Related Terms

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


BlackRock Capital Investment (BlackRock Capital Investment) Business Description

Traded in Other Exchanges
Address
50 Hudson Yards, New York, NY, USA, 10001
BlackRock Capital Investment Corporation is a closed-end investment management enterprise based in the United States. It carries out its operations to generate both income and capital appreciation for its investors through its senior and junior secured, unsecured, and subordinated debt securities and loans and equity securities. BlackRock also follows a policy of investing primarily in middle-market companies with adequate annual revenue and positive cash flows. Its investment portfolio includes companies predominantly in the finance sector. Other sectors of investments comprise chemicals, healthcare, consumer goods, and retail.
Executives
Chip Holladay officer: Interim CFO and Treasurer 40 EAST 52ND STREET, NEW YORK NY 10022
Maureen K Usifer director C/O BLACKROCK KELSO CAPITAL ADVISORS LLC, 40 EAST 52ND STREET, NEW YORK NY 10022
Nik Singhal officer: President C/O BLACKROCK CAPITAL INVESTMENT CORP, 40 EAST 52ND STREET, NEW YORK NY 10022
James Keenan director, other: Chairman of the Board 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Abby Miller officer: CFO and Treasurer C/O BLACKROCK CAPITAL INVESTMENT CORP, 40 EAST 52ND STREET, NEW YORK NY 10022
Michael Pungello officer: Interim CFO/Interim Treasurer 55 E 52ND STREET, NEW YORK NY 10055
Jerrold B Harris director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Mark S Lies director 55 EAST 52ND ST, NEW YORK NY 10055
Meridee Moore director
Michael J. Zugay officer: Chief Executive Officer 55 E 52ND STREET, NEW YORK NY 10055
Steven Sterling director, officer: CEO and Chairman of the Board C/O BLACKROCK KELSO CAPITAL CORPORATION, 55 EAST 52ND STREET, NEW YORK NY 10055
John R Baron director 55 EAST 52ND STREET, NEW YORK NY 10055
Charles Park officer: Chief Compliance Officer 55 EAST 52ND STREET, NEW YORK NY 10055
Donna Milia officer: Interim CFO C/O SKADDEN, ARPS, 1440 NEW YORK AVENUE, NW, WASHINGTON DC 20005
Pankovcin Corinne officer: Chief Financial Officer BUSINESS DEVELOPMENT CORP OF AMERICA, 405 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022

BlackRock Capital Investment (BlackRock Capital Investment) Headlines

From GuruFocus

The Best Dividends on March 16, 2012

By Dividend Dividend 03-15-2012