GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brookfield Corp (BSP:B1AM34) » Definitions » Cyclically Adjusted FCF per Share

Brookfield (BSP:B1AM34) Cyclically Adjusted FCF per Share : R$1.59 (As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Brookfield Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Brookfield's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$-2.083. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$1.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Brookfield's average Cyclically Adjusted FCF Growth Rate was -17.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 23.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Brookfield was 59.40% per year. The lowest was -66.40% per year. And the median was 3.80% per year.

As of today (2024-05-22), Brookfield's current stock price is R$57.31. Brookfield's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$1.59. Brookfield's Cyclically Adjusted Price-to-FCF of today is 36.04.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Brookfield was 344.47. The lowest was 18.62. And the median was 33.93.


Brookfield Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Brookfield's Cyclically Adjusted FCF per Share 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.

Brookfield Cyclically Adjusted FCF per Share Chart

Brookfield Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.85 2.34 1.83 1.81

Brookfield Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 1.95 1.74 1.97 1.81 1.59

Competitive Comparison of Brookfield's Cyclically Adjusted FCF per Share

For the Asset Management subindustry, Brookfield'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.


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

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

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



Brookfield Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Brookfield'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)
=-2.083/126.2576*126.2576
=-2.083

Current CPI (Mar. 2024) = 126.2576.

Brookfield Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.183 99.473 0.232
201409 -0.028 99.394 -0.036
201412 0.517 98.367 0.664
201503 0.137 99.789 0.173
201506 0.212 100.500 0.266
201509 0.456 100.421 0.573
201512 0.220 99.947 0.278
201603 -0.052 101.054 -0.065
201606 0.312 102.002 0.386
201609 0.144 101.765 0.179
201612 0.514 101.449 0.640
201703 0.077 102.634 0.095
201706 0.419 103.029 0.513
201709 0.403 103.345 0.492
201712 0.373 103.345 0.456
201803 0.515 105.004 0.619
201806 0.338 105.557 0.404
201809 -0.028 105.636 -0.033
201812 1.187 105.399 1.422
201903 0.695 106.979 0.820
201906 0.099 107.690 0.116
201909 0.781 107.611 0.916
201912 0.628 107.769 0.736
202003 0.217 107.927 0.254
202006 0.890 108.401 1.037
202009 1.182 108.164 1.380
202012 1.429 108.559 1.662
202103 0.138 110.298 0.158
202106 0.222 111.720 0.251
202109 0.674 112.905 0.754
202112 -0.222 113.774 -0.246
202203 -0.855 117.646 -0.918
202206 1.146 120.806 1.198
202209 0.171 120.648 0.179
202212 0.794 120.964 0.829
202303 -0.356 122.702 -0.366
202306 -0.957 124.203 -0.973
202309 0.996 125.230 1.004
202312 -0.930 125.072 -0.939
202403 -2.083 126.258 -2.083

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Brookfield  (BSP:B1AM34) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Brookfield's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=57.31/1.59
=36.04

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Brookfield was 344.47. The lowest was 18.62. And the median was 33.93.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Brookfield Cyclically Adjusted FCF per Share Related Terms

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


Brookfield (BSP:B1AM34) Business Description

Address
181 Bay Street, Suite 100, Brookfield Place, P.O. Box 762, Toronto, ON, CAN, M5J 2T3
Brookfield Corp owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations. The company generates the majority revenue through Private Equity. Located around the world, its assets are concentrated in the United States, and Canada.

Brookfield (BSP:B1AM34) Headlines

No Headlines