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Esterad Investment Co BSC (BAH:ESTERAD) Cyclically Adjusted Price-to-FCF : 24.00 (As of Jun. 23, 2024)


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What is Esterad Investment Co BSC Cyclically Adjusted Price-to-FCF?

As of today (2024-06-23), Esterad Investment Co BSC's current share price is BHD0.24. Esterad Investment Co BSC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was BHD0.01. Esterad Investment Co BSC's Cyclically Adjusted Price-to-FCF for today is 24.00.

The historical rank and industry rank for Esterad Investment Co BSC's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BAH:ESTERAD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.05   Med: 12.86   Max: 47.9
Current: 47.9

During the past years, Esterad Investment Co BSC's highest Cyclically Adjusted Price-to-FCF was 47.90. The lowest was 9.05. And the median was 12.86.

BAH:ESTERAD's Cyclically Adjusted Price-to-FCF is ranked worse than
75.94% of 507 companies
in the Asset Management industry
Industry Median: 20.03 vs BAH:ESTERAD: 47.90

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.

Esterad Investment Co BSC's adjusted free cash flow per share data for the three months ended in Mar. 2024 was BHD-0.018. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is BHD0.01 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Esterad Investment Co BSC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Esterad Investment Co BSC's Cyclically Adjusted Price-to-FCF 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.

Esterad Investment Co BSC Cyclically Adjusted Price-to-FCF Chart

Esterad Investment Co BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 20.65 9.14 19.77

Esterad Investment Co BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 9.71 12.00 18.84 19.77 41.82

Competitive Comparison of Esterad Investment Co BSC's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Esterad Investment Co BSC'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.


Esterad Investment Co BSC's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

* The bar in red indicates where Esterad Investment Co BSC's Cyclically Adjusted Price-to-FCF falls into.



Esterad Investment Co BSC Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Esterad Investment Co BSC's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.24/0.01
=24.00

* 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.

Esterad Investment Co BSC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Esterad Investment Co BSC'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)
=-0.018/131.7762*131.7762
=-0.018

Current CPI (Mar. 2024) = 131.7762.

Esterad Investment Co BSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.002 100.560 0.003
201409 0.002 100.428 0.003
201412 -0.011 99.070 -0.015
201503 -0.003 99.621 -0.004
201506 0.056 100.684 0.073
201509 -0.035 100.392 -0.046
201512 0.023 99.792 0.030
201603 -0.006 100.470 -0.008
201606 -0.001 101.688 -0.001
201609 0.065 101.861 0.084
201612 -0.027 101.863 -0.035
201703 -0.002 102.862 -0.003
201706 0.017 103.349 0.022
201709 -0.020 104.136 -0.025
201712 -0.009 104.011 -0.011
201803 -0.007 105.290 -0.009
201806 0.003 106.317 0.004
201809 -0.012 106.507 -0.015
201812 0.002 105.998 0.002
201903 0.002 107.251 0.002
201906 -0.004 108.070 -0.005
201909 -0.002 108.329 -0.002
201912 0.048 108.420 0.058
202003 -0.014 108.902 -0.017
202006 -0.001 108.767 -0.001
202009 0.018 109.815 0.022
202012 0.022 109.897 0.026
202103 -0.030 111.754 -0.035
202106 0.017 114.631 0.020
202109 -0.013 115.734 -0.015
202112 -0.014 117.630 -0.016
202203 0.009 121.301 0.010
202206 -0.014 125.017 -0.015
202209 -0.009 125.227 -0.009
202212 0.008 125.222 0.008
202303 -0.004 127.348 -0.004
202306 0.002 128.729 0.002
202309 -0.013 129.860 -0.013
202312 0.003 129.419 0.003
202403 -0.018 131.776 -0.018

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


Esterad Investment Co BSC  (BAH:ESTERAD) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Esterad Investment Co BSC Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Esterad Investment Co BSC's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Esterad Investment Co BSC (BAH:ESTERAD) Business Description

Traded in Other Exchanges
N/A
Address
GBCORP Tower, 3rd Floor, P.O. Box 1080, Manama, BHR
Esterad Investment Co BSC is a Bahrain company operating in the financial sector. The principal activity of the company is to invest in public and private equities, fixed income, real estate, and other asset classes in both local and international markets. It owns four key portfolio investment models including a strategic equity portfolio, fixed income portfolio, properties & income-producing assets, and a trading portfolio. The company generates the majority of its revenue from Investment income.

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