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Kayne Anderson Energy Development Co (NYSE:KED)
Price-to-Free-Cash-Flow
4.26 (As of Today)

As of today, Kayne Anderson Energy Development Co's share price is \$19.14. Kayne Anderson Energy Development Co's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Aug. 2015 was \$4.49. Hence, Kayne Anderson Energy Development Co's Price-to-Free-Cash-Flow Ratio for today is 4.26.

Kayne Anderson Energy Development Co's Free Cash Flow per Share for the three months ended in Aug. 2015 was \$1.26. Its Free Cash Flow per Share for the trailing twelve months (TTM) ended in Aug. 2015 was \$4.49.

Definition

Kayne Anderson Energy Development Co's Price-to-Free-Cash-Flow ratio for today is calculated as

 Price-to-Free-Cash-Flow Ratio = Share Price / Free Cash Flow per Share (TTM) = 19.14 / 4.489 = 4.26

Kayne Anderson Energy Development Co's Share Price of today is \$19.14.
Kayne Anderson Energy Development Co's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Aug. 2015 was -0.745 (Nov. 2014 ) + 3.038 (Feb. 2015 ) + 0.94 (May. 2015 ) + 1.256 (Aug. 2015 ) = \$4.49.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

It can also be calculated from the numbers for the whole company:

 Price-to-Free-Cash-Flow Ratio = Market Cap / Free Cash Flow

Explanation

Free Cash Flow is considered more important than earnings by value investors. The reason is because, in principle, only the net cash that can be taken from the business belongs to shareholders. This Free Cash Flow can be used to grow the business, reduce debt or return to shareholders in dividends or share buybacks.

In a DCF Calculation Free Cash Flow is used to determine the intrinsic value of companies.

Be Aware

In real business, Free Cash Flow can be affected by the change in accounts receivable, accounts payable, managements decision on expansion, etc. Therefore, investors should look at the Free Cash Flow over the longer term. Long-term average of Free Cash Flow is a more reliable indicator for real free cash flow.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Kayne Anderson Energy Development Co Annual Data

 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 pfcf 0.00 0.00 0.00 1.45 10.23 17.20 0.00 13.09 79.72 0.00

Kayne Anderson Energy Development Co Quarterly Data

 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 pfcf 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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