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Oxford Square Capital (STU:22T) Cyclically Adjusted FCF per Share : €1.28 (As of Mar. 2024)


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What is Oxford Square Capital 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.

Oxford Square Capital's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.313. 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 €1.28 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Oxford Square Capital's average Cyclically Adjusted FCF Growth Rate was 24.80% 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 Oxford Square Capital was 53.00% per year. The lowest was 42.70% per year. And the median was 47.85% per year.

As of today (2024-06-04), Oxford Square Capital's current stock price is €2.815. Oxford Square Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.28. Oxford Square Capital's Cyclically Adjusted Price-to-FCF of today is 2.20.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Oxford Square Capital was 115.17. The lowest was 2.07. And the median was 11.13.


Oxford Square Capital Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Oxford Square Capital'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.

Oxford Square Capital Cyclically Adjusted FCF per Share Chart

Oxford Square Capital 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 -0.18 -0.07 0.11 0.69 1.23

Oxford Square Capital 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 1.04 1.14 1.31 1.23 1.28

Competitive Comparison of Oxford Square Capital's Cyclically Adjusted FCF per Share

For the Asset Management subindustry, Oxford Square Capital'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.


Oxford Square Capital's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Oxford Square Capital 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, Oxford Square Capital'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)
=0.313/131.7762*131.7762
=0.313

Current CPI (Mar. 2024) = 131.7762.

Oxford Square Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.377 100.560 -0.494
201409 0.362 100.428 0.475
201412 -0.788 99.070 -1.048
201503 0.257 99.621 0.340
201506 0.541 100.684 0.708
201509 -0.126 100.392 -0.165
201512 2.548 99.792 3.365
201603 0.499 100.470 0.654
201606 0.469 101.688 0.608
201609 0.812 101.861 1.050
201612 0.923 101.863 1.194
201703 1.660 102.862 2.127
201706 0.683 103.349 0.871
201709 0.665 104.136 0.842
201712 0.302 104.011 0.383
201803 0.553 105.290 0.692
201806 -0.007 106.317 -0.009
201809 -1.653 106.507 -2.045
201812 0.484 105.998 0.602
201903 0.245 107.251 0.301
201906 -0.165 108.070 -0.201
201909 0.241 108.329 0.293
201912 0.578 108.420 0.703
202003 0.430 108.902 0.520
202006 0.398 108.767 0.482
202009 -0.216 109.815 -0.259
202012 1.030 109.897 1.235
202103 -0.241 111.754 -0.284
202106 -0.818 114.631 -0.940
202109 -0.666 115.734 -0.758
202112 -0.097 117.630 -0.109
202203 0.204 121.301 0.222
202206 0.251 125.017 0.265
202209 -0.113 125.227 -0.119
202212 0.030 125.222 0.032
202303 0.128 127.348 0.132
202306 0.389 128.729 0.398
202309 0.455 129.860 0.462
202312 0.157 129.419 0.160
202403 0.313 131.776 0.313

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


Oxford Square Capital  (STU:22T) 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.

Oxford Square Capital's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.815/1.28
=2.20

* 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 Oxford Square Capital was 115.17. The lowest was 2.07. And the median was 11.13.


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.


Oxford Square Capital Cyclically Adjusted FCF per Share Related Terms

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


Oxford Square Capital (STU:22T) Business Description

Traded in Other Exchanges
Address
8 Sound Shore Drive, Suite 255, Greenwich, CT, USA, 06830
Oxford Square Capital Corp is a closed-end, non-diversified management investment company with a focus is to seek an attractive risk-adjusted total return by investing in corporate debt securities and collateralized loan obligation (CLO) structured finance investments that own corporate debt securities. its capital is generally used by its corporate borrowers to finance organic growth, acquisitions, recapitalizations, and working capital. The group invests in various industries such as Structured Finance, IT Consulting, Business Services, Utilities, Software, Healthcare, Telecommunication Services, Plastics Manufacturing, and Diversified Insurance.

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