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Oppenheimer Holdings (Oppenheimer Holdings) Cyclically Adjusted Price-to-FCF : 13.51 (As of Apr. 28, 2024)


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What is Oppenheimer Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Oppenheimer Holdings's current share price is $40.80. Oppenheimer Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.02. Oppenheimer Holdings's Cyclically Adjusted Price-to-FCF for today is 13.51.

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

OPY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.94   Med: 15.89   Max: 157.94
Current: 13.51

During the past years, Oppenheimer Holdings's highest Cyclically Adjusted Price-to-FCF was 157.94. The lowest was 4.94. And the median was 15.89.

OPY's Cyclically Adjusted Price-to-FCF is ranked better than
59.73% of 221 companies
in the Capital Markets industry
Industry Median: 19.29 vs OPY: 13.51

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.

Oppenheimer Holdings's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $5.362. 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 $3.02 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Oppenheimer Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Oppenheimer Holdings'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.

Oppenheimer Holdings Cyclically Adjusted Price-to-FCF Chart

Oppenheimer Holdings 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 99.49 27.10 21.14 13.86 13.68

Oppenheimer Holdings 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 13.86 11.58 14.17 17.16 13.68

Competitive Comparison of Oppenheimer Holdings's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Oppenheimer Holdings'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.


Oppenheimer Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Oppenheimer Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Oppenheimer Holdings 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=40.80/3.02
=13.51

* 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.

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

For example, Oppenheimer Holdings'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)
=5.362/129.4194*129.4194
=5.362

Current CPI (Dec. 2023) = 129.4194.

Oppenheimer Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -3.825 99.695 -4.965
201406 2.821 100.560 3.631
201409 1.815 100.428 2.339
201412 4.428 99.070 5.785
201503 -2.595 99.621 -3.371
201506 -6.638 100.684 -8.533
201509 2.548 100.392 3.285
201512 5.075 99.792 6.582
201603 -3.179 100.470 -4.095
201606 -0.012 101.688 -0.015
201609 1.073 101.861 1.363
201612 -3.311 101.863 -4.207
201703 -3.249 102.862 -4.088
201706 -2.181 103.349 -2.731
201709 2.511 104.136 3.121
201712 1.212 104.011 1.508
201803 -2.192 105.290 -2.694
201806 2.676 106.317 3.257
201809 7.373 106.507 8.959
201812 3.420 105.998 4.176
201903 0.858 107.251 1.035
201906 -4.098 108.070 -4.908
201909 4.277 108.329 5.110
201912 3.958 108.420 4.725
202003 -18.010 108.902 -21.403
202006 17.011 108.767 20.241
202009 -10.118 109.815 -11.924
202012 7.038 109.897 8.288
202103 0.471 111.754 0.545
202106 0.521 114.631 0.588
202109 8.363 115.734 9.352
202112 6.698 117.630 7.369
202203 -11.455 121.301 -12.222
202206 -6.598 125.017 -6.830
202209 11.398 125.227 11.780
202212 11.905 125.222 12.304
202303 -7.494 127.348 -7.616
202306 -6.435 128.729 -6.470
202309 5.581 129.860 5.562
202312 5.362 129.419 5.362

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.


Oppenheimer Holdings  (NYSE:OPY) 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.


Oppenheimer Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Oppenheimer Holdings (Oppenheimer Holdings) Business Description

Traded in Other Exchanges
N/A
Address
85 Broad Street, New York, NY, USA, 10004
Oppenheimer Holdings Inc conducts activities in the securities industry. The company is involved in retail securities brokerage, investment banking (both corporate and public finance), institutional sales and trading, market-making, research, trust services, and investment advisory and asset management services. The company has three segments: private client, asset management, and capital markets. The private client segment, including full-service brokerage, wealth planning, and margin lending, contributes over half of total revenue. The company generates the majority of revenue from the Americas, with the rest from Europe, the Middle East, and Asia.
Executives
Stacy J. Kanter director C/O APPLIED THERAPEUTICS, INC., 340 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10173
Evan Behrens director C/O SEACOR HOLDINGS INC., 2200 ELLER DRIVE, P.O. BOX 13038, FORT LAUDERDALE FL 33316
Brad M Watkins officer: CFO 72 CANDY LANE, SYOSSET NY 11791
Paul M Friedman director 11 DEERFIELD LANE, SCARSDALE NY 10583
R Lawrence Roth director C/O OPPENHEIMER HOLDINGS INC., 85 BROAD STREET, NEW YORK NY 10004
A Winn Oughtred director 52 MAPLE AVE, TORONTO ONTARIO A6 M4W 2T7
Timothy Martin Dwyer director 60 BEACON HILL ROAD, NEW CANAAN CT 06840
William Ehrhardt director 101 PARK BLVD NORTH, VENICE FL 34285
Teresa Glasser director 1044 GRAND ISLE TERRACE, PALM BEACH GARDENS FL 33418
Robert S Lowenthal director 85 BROAD STREET, NEW YORK NY 10004
Albert G Lowenthal director, 10 percent owner, officer: CEO OPPENHEIMER HOLDINGS INC., 85 BROAD STREET, NEW YORK NY 10004
Jeffrey J Alfano officer: CFO C/O OPPENHEIMER & CO. INC., 85 BROAD STREET, NEW YORK NY 10004
Dennis P Mcnamara officer: Secretary C/O OPPENHEIMER & CO. INC., 85 BROAD STREET, NEW YORK NY 10004
Morris Goldfarb director C/O G-III APPAREL GROUP, 345 W 37TH ST, NY NY 10018
Richard Crystal director 41 BLACK BIRCH LN, SCARSDALE NY 10583