GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Onex Corporation (OTCPK:ONEXF) » Definitions » Cyclically Adjusted Price-to-FCF

Onex (ONEXF) Cyclically Adjusted Price-to-FCF : 10.62 (As of Apr. 29, 2024)


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

What is Onex Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Onex's current share price is $71.90. Onex's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $6.77. Onex's Cyclically Adjusted Price-to-FCF for today is 10.62.

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

ONEXF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.78   Med: 9.08   Max: 14.2
Current: 11.02

During the past years, Onex's highest Cyclically Adjusted Price-to-FCF was 14.20. The lowest was 3.78. And the median was 9.08.

ONEXF's Cyclically Adjusted Price-to-FCF is ranked better than
64.9% of 510 companies
in the Asset Management industry
Industry Median: 20.185 vs ONEXF: 11.02

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.

Onex's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-0.658. 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 $6.77 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Onex Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Onex'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.

Onex Cyclically Adjusted Price-to-FCF Chart

Onex 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 7.48 6.82 8.90 6.73 10.36

Onex 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 6.73 6.39 7.58 8.48 10.36

Competitive Comparison of Onex's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Onex'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.


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

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

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



Onex 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=71.90/6.77
=10.62

* 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.

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

For example, Onex'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)
=-0.658/125.4675*125.4675
=-0.658

Current CPI (Dec. 2023) = 125.4675.

Onex Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.523 98.604 -0.665
201406 3.207 99.473 4.045
201409 0.064 99.394 0.081
201412 1.973 98.367 2.517
201503 1.853 99.789 2.330
201506 2.561 100.500 3.197
201509 1.991 100.421 2.488
201512 4.570 99.947 5.737
201603 0.838 101.054 1.040
201606 2.635 102.002 3.241
201609 4.049 101.765 4.992
201612 6.269 101.449 7.753
201703 2.252 102.634 2.753
201706 0.657 103.029 0.800
201709 4.078 103.345 4.951
201712 4.422 103.345 5.369
201803 0.614 105.004 0.734
201806 2.406 105.557 2.860
201809 2.752 105.636 3.269
201812 1.099 105.399 1.308
201903 -0.060 106.979 -0.070
201906 0.720 107.690 0.839
201909 3.200 107.611 3.731
201912 0.760 107.769 0.885
202003 0.140 107.927 0.163
202006 0.827 108.401 0.957
202009 2.020 108.164 2.343
202012 1.023 108.559 1.182
202103 0.600 110.298 0.683
202106 1.189 111.720 1.335
202109 0.629 112.905 0.699
202112 1.674 113.774 1.846
202203 -2.782 117.646 -2.967
202206 -0.198 120.806 -0.206
202209 -0.376 120.648 -0.391
202212 -1.134 120.964 -1.176
202303 -1.679 122.702 -1.717
202306 1.111 124.203 1.122
202309 1.975 125.230 1.979
202312 -0.658 125.468 -0.658

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.


Onex  (OTCPK:ONEXF) 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.


Onex Cyclically Adjusted Price-to-FCF Related Terms

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


Onex (ONEXF) Business Description

Traded in Other Exchanges
Address
161 Bay Street, 49th Floor, P.O. Box 700, Toronto, ON, CAN, M5J 2S5
Onex Corporation is a private equity investor and asset management firm. The company operates in two reportable segments: investing, which comprises the activity of investing Onex' capital and asset management, which comprises the asset management activities provided by Onex to support its private equity and Credit strategies, as well as Onex's corporate functions. The majority of the company's revenue is generated through the investing segment.

Onex (ONEXF) Headlines

From GuruFocus

Onex Confirms AGM Approvals

By GlobeNewswire GlobeNewswire 07-21-2020

Onex Partners and BPEA Complete Offering of Clarivate Shares

By GlobeNewswire GlobeNewswire 09-14-2021

Onex Fourth-Quarter Dividend Declared

By GlobeNewswire GlobeNewswire 11-12-2020

Onex Partially Realizes its Investment in Ryan Specialty Group

By GlobeNewswire GlobeNewswire 07-26-2021

Onex Confirms Election of Directors

By GlobeNewswire GlobeNewswire 05-13-2021

The Onex Group to Invest in K-12 Industry Leader Weld North Education

By GlobeNewswire GlobeNewswire 02-01-2021

Onex Second-Quarter Dividend Declared

By GlobeNewswire GlobeNewswire 05-12-2022