Market Cap : 168.64 M | Enterprise Value : 252.14 M | PE Ratio : 20.53 | PB Ratio : 0.72 |
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As of May21, Western Asset Global High Fd's earnings power value is $-3.77. *
* GuruFocus does not store EPV value into our database if Average Maintenance CAPEX is 0.
Margin of Safety is N/A.
The basic concept of EPV is that one should value a stock based on the current free cash flow of a company and not on future projections which may, or may not, come true. It is arguably a better way to analyze stocks than Discounted Cash Flow analysis that relies on highly speculative growth assumptions many years into the future. Assumption: Current profitability is sustainable.
The historical data trend for Western Asset Global High Fd's Earnings Power Value (EPV) 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.
For the Asset Management subindustry, Western Asset Global High Fd's Earnings Power Value (EPV), along with its competitors' market caps and Earnings Power Value (EPV) 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.
For the Asset Management industry and Financial Services sector, Western Asset Global High Fd's Earnings Power Value (EPV) distribution charts can be found below:
* The bar in red indicates where Western Asset Global High Fd's Earnings Power Value (EPV) falls into.
Earnings Power Value also known as just Earnings Power is a valuation technique popularised by Bruce Greenwald, an authority on value investing at Columbia University. It is arguably a better way to analyze stocks than Discounted Cash Flow analysis that relies on highly speculative growth assumptions many years into the future.
The basic concept of EPV is that one should value a stock based on the current free cash flow of a company and not on future projections which may, or may not, come true. This valuation tool excludes the potential growth that a company may have so that needs to be looked at separately. Since future growth is excluded from the analysis, only the maintenance capital expenditures are subtracted from after-tax EBIT (earnings before interest and taxes) and growth capex is ignored.
Assumption: Current profitability is sustainable.
Earnings power value (EPV) uses a very basic equation which assumes no growth, although it does rely on an assumption about the cost of capital as well as the fact that current earnings are sustainable. It also involves several adjustments to clean up the underlying Earnings figures.
Though using today's earnings in calculating Earnings Power Value, GuruFocus is normalizing these earnings to the business cycle. This eliminates the effects on profitability of valuing the firm at different points in the business cycle. This means that we are considering the average earnings over 5 years.
Thank you for viewing the detailed overview of Western Asset Global High Fd's Earnings Power Value (EPV) provided by GuruFocus.com. Please click on the following links to see related term pages.
Fergerson Laura F | other: Manager/Investment Manager | 3310 QUALITY DRIVE 2ND FLOOR RANCHO CORDOVA CA 95670 |
Eakes Brian | other: Manager/Investment Manager | 100 INTERNATIONAL DRIVE BALTIMORE MD 21202 |
Hoyt George P. | officer: Secretary and Ch Lgl Officer | C/O FRANKLIN TEMPLETON 100 FIRST STAMFORD PLACE STAMFORD CT 06902 |
Nicholls Matthew | other: Director of Sub-Adviser | ONE FRANKLIN PARKWAY SAN MATEO CA 94403 |
Bolt Jennifer J | other: Director of Sub-Adviser | C/O FRANKLIN RESOURCES, INC. ONE FRANKLIN PARKWAY SAN MATEO CA 94403-1906 |
Plafker Jed A. | other: Director of Sub-Adviser | ONE FRANKLIN PARKWAY SAN MATEO CA 94403 |
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE 58TH FLOOR NEW YORK NY 10174 |
Weinstein Boaz | 10 percent owner | 405 LEXINGTON AVENUE 58TH FLOOR NEW YORK NY 10174 |
Jensen Fred Steven | officer: Chief Compliance Officer | LEGG MASON 620 EIGHTH AVENUE, 49TH FLOOR NEW YORK NY 10018 |
Cronin Daniel P | director | 235 EAST 42ND ST NEW YORK NY 10017 |
Hutchinson William R | director | 535 N MICHIGAN STE 1012 CHICAGO IL 60611 |
Berarducci Christopher | officer: Treas/Principal Finan Officer | LEGG MASON 620 EIGHTH AVENUE NEW YORK NY 10018 |
Kumar Nisha | director | 1735 MARKET STREET 32ND FLOOR PHILADELPHIA PA 19103 |
Berg Jennifer S | officer: Treasurer | 100 INTERNATIONAL DRIVE 7TH FLOOR BALTIMORE MD 21202 |
Kuehl Todd F | officer: Chief Compliance Officer | 1555 PEACHTREE STREET NE ATLANTA 2Q 30309 |
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