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CION Invt (XTAE:CION) Cyclically Adjusted FCF per Share : ₪-13.37 (As of Mar. 2024)


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What is CION Invt 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.

CION Invt's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₪6.623. 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 ₪-13.37 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-06-19), CION Invt's current stock price is ₪34.56. CION Invt's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₪-13.37. CION Invt's Cyclically Adjusted Price-to-FCF of today is .


CION Invt Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CION Invt'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.

CION Invt Cyclically Adjusted FCF per Share Chart

CION Invt 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 - - - - -16.63

CION Invt 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 - -20.19 -17.94 -16.63 -13.37

Competitive Comparison of CION Invt's Cyclically Adjusted FCF per Share

For the Asset Management subindustry, CION Invt'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.


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

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

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



CION Invt 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, CION Invt'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)
=6.623/131.7762*131.7762
=6.623

Current CPI (Mar. 2024) = 131.7762.

CION Invt Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -20.340 100.560 -26.654
201409 -14.219 100.428 -18.657
201412 -6.417 99.070 -8.535
201503 -12.894 99.621 -17.056
201506 -13.106 100.684 -17.153
201509 -8.034 100.392 -10.546
201512 -3.272 99.792 -4.321
201603 -1.026 100.470 -1.346
201606 -0.183 101.688 -0.237
201609 -13.986 101.861 -18.093
201612 -0.521 101.863 -0.674
201703 -14.563 102.862 -18.657
201706 -8.210 103.349 -10.468
201709 -2.644 104.136 -3.346
201712 -2.197 104.011 -2.783
201803 -1.603 105.290 -2.006
201806 -10.742 106.317 -13.314
201809 3.844 106.507 4.756
201812 1.112 105.998 1.382
201903 1.404 107.251 1.725
201906 1.195 108.070 1.457
201909 4.277 108.329 5.203
201912 1.288 108.420 1.565
202003 3.430 108.902 4.150
202006 4.218 108.767 5.110
202009 1.953 109.815 2.344
202012 3.361 109.897 4.030
202103 0.075 111.754 0.088
202106 -4.191 114.631 -4.818
202109 0.695 115.734 0.791
202112 0.201 117.630 0.225
202203 -0.952 121.301 -1.034
202206 -1.985 125.017 -2.092
202209 1.008 125.227 1.061
202212 4.341 125.222 4.568
202303 0.021 127.348 0.022
202306 -2.437 128.729 -2.495
202309 -0.466 129.860 -0.473
202312 -3.730 129.419 -3.798
202403 6.623 131.776 6.623

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


CION Invt  (XTAE:CION) 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.


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.


CION Invt Cyclically Adjusted FCF per Share Related Terms

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


CION Invt (XTAE:CION) Business Description

Traded in Other Exchanges
Address
100 Park Avenue, 25th Floor, New York, NY, USA, 10016
CION Invt Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The Company's portfolio is comprised of investments in senior secured debt, including first lien loans, second lien loans and unitranche loans, and, to a lesser extent, collateralized securities, structured products and other similar securities, unsecured debt, and equity, of private and thinly-traded U.S. middle-market companies.

CION Invt (XTAE:CION) Headlines

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