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Ellington Financial (Ellington Financial) Cyclically Adjusted Price-to-FCF : (As of May. 15, 2024)


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

Shiller PE for Stocks: The True Measure of Stock Valuation


Ellington Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ellington 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.

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Ellington Financial Cyclically Adjusted Price-to-FCF Chart

Ellington Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Ellington Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Ellington Financial's Cyclically Adjusted Price-to-FCF

For the REIT - Mortgage subindustry, Ellington 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.


Ellington Financial's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ellington Financial's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ellington 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.

Ellington Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ellington Financial's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.704/129.4194*129.4194
=-0.704

Current CPI (Mar. 2024) = 129.4194.

Ellington Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.705 100.560 -0.907
201409 -14.214 100.428 -18.317
201412 -7.834 99.070 -10.234
201503 10.109 99.621 13.133
201506 0.748 100.684 0.961
201509 0.780 100.392 1.006
201512 7.945 99.792 10.304
201603 -0.574 100.470 -0.739
201606 3.297 101.688 4.196
201609 2.278 101.861 2.894
201612 -2.894 101.863 -3.677
201703 -3.337 102.862 -4.199
201706 -0.239 103.349 -0.299
201709 -0.277 104.136 -0.344
201712 -10.657 104.011 -13.260
201803 -4.044 105.290 -4.971
201806 -3.278 106.317 -3.990
201809 -6.546 106.507 -7.954
201812 -2.437 105.998 -2.975
201903 0.706 107.251 0.852
201906 0.751 108.070 0.899
201909 0.389 108.329 0.465
201912 0.644 108.420 0.769
202003 0.678 108.902 0.806
202006 0.859 108.767 1.022
202009 0.366 109.815 0.431
202012 0.846 109.897 0.996
202103 0.209 111.754 0.242
202106 0.800 114.631 0.903
202109 0.294 115.734 0.329
202112 -0.133 117.630 -0.146
202203 0.572 121.301 0.610
202206 0.806 125.017 0.834
202209 -0.185 125.227 -0.191
202212 -0.447 125.222 -0.462
202303 -0.730 127.348 -0.742
202306 -0.645 128.729 -0.648
202309 -1.046 129.860 -1.042
202312 -1.106 129.419 -1.106
202403 -0.704 129.419 -0.704

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.


Ellington Financial  (NYSE:EFC) 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.


Ellington Financial Cyclically Adjusted Price-to-FCF Related Terms

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Ellington Financial (Ellington Financial) Business Description

Industry
Traded in Other Exchanges
Address
53 Forest Avenue, Old Greenwich, CT, USA, 06870
Ellington Financial Inc is a specialty finance company. Its primary investment objective is to generate attractive, risk-adjusted total returns for its shareholders by making investments. the Company has two reportable segments; The Investment Portfolio Segment is focused on investing in a diverse array of financial assets, including residential and commercial mortgage loans, residential mortgage-backed securities, non-mortgage- and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments, and The Longbridge Segment is focused on the origination and servicing of reverse mortgage loans. it acquires reverse mortgage loans both through its origination activities and through secondary market purchases.
Executives
Lisa Mumford officer: Chief Financial Officer 6 BEACHWOOD COURT, DIX HILLS NY 11746
Stephen J Dannhauser director 122 WEST 55TH STREET, NEW YORK NY 10019
Laurence Penn director, officer: CEO and President 52 FOREST AVENUE, OLD GREENWICH CT 06870
Ronald I Simon director 485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Michael W Vranos director, 10 percent owner, officer: Co-Chief Investment Officer 52 FOREST AVENUE, OLD GREENWICH CT 06870
Chris Smernoff officer: Chief Accounting Officer 53 FOREST AVENUE, OLD GREENWICH CT 06870
John Herlihy officer: Chief Financial Officer 53 FOREST AVENUE, OLD GREENWICH CT 06870
Mark Tecotzky officer: Co-Chief Investment Officer 53 FOREST AVENUE, OLD GREENWICH CT 06870
Thomas F Robards director 666 THIRD AVENUE, 5TH FLOOR, NEW YORK NY 10017
Daniel R. Margolis officer: Secretary 53 FOREST AVENUE, OLD GREENWICH CT 06870
Edward Resendez director 52 FOREST AVENUE, OLD GREENWICH CT 06870
Vc Investments Llc 10 percent owner 53 FOREST AVENUE, 2ND FLOOR, OLD GREENWICH CT 06870
Emg Holdings, L.p. 10 percent owner 53 FOREST AVENUE, OLD GREENWICH CT 06870
Fbr Capital Markets Pt Inc 10 percent owner 1001 NINETEENTH STREET NORTH, ARLINGTON VA 22302