GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Barings BDC Inc (NYSE:BBDC) » Definitions » Cyclically Adjusted Price-to-FCF

BBDC (Barings BDC) Cyclically Adjusted Price-to-FCF : (As of Jun. 03, 2025)


View and export this data going back to 2007. Start your Free Trial

What is Barings BDC Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Barings BDC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Barings BDC'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.

Barings BDC Cyclically Adjusted Price-to-FCF Chart

Barings BDC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Barings BDC Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - - - - -

Competitive Comparison of Barings BDC's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Barings BDC'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.


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

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

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


;
;

Barings BDC 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.

Barings BDC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Barings BDC's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.074/134.9266*134.9266
=-0.074

Current CPI (Mar. 2025) = 134.9266.

Barings BDC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.886 100.684 1.187
201509 -2.362 100.392 -3.175
201512 0.216 99.792 0.292
201603 1.317 100.470 1.769
201606 0.582 101.688 0.772
201609 -0.207 101.861 -0.274
201612 -1.973 101.863 -2.613
201703 -2.089 102.862 -2.740
201706 -0.754 103.349 -0.984
201709 0.481 104.136 0.623
201712 2.307 104.011 2.993
201803 1.302 105.290 1.668
201806 2.577 106.317 3.270
201809 1.419 106.507 1.798
201812 -8.941 105.998 -11.381
201903 -0.801 107.251 -1.008
201906 0.163 108.070 0.204
201909 0.330 108.329 0.411
201912 -0.311 108.420 -0.387
202003 0.736 108.902 0.912
202006 1.751 108.767 2.172
202009 -2.400 109.815 -2.949
202012 -4.506 109.897 -5.532
202103 -1.303 111.754 -1.573
202106 -0.825 114.631 -0.971
202109 0.354 115.734 0.413
202112 -4.297 117.630 -4.929
202203 -0.228 121.301 -0.254
202206 0.056 125.017 0.060
202209 1.120 125.227 1.207
202212 -0.215 125.222 -0.232
202303 -0.853 127.348 -0.904
202306 0.604 128.729 0.633
202309 -0.327 129.860 -0.340
202312 1.307 129.419 1.363
202403 0.046 131.776 0.047
202406 1.306 132.554 1.329
202409 0.228 133.029 0.231
202412 -0.428 133.157 -0.434
202503 -0.074 134.927 -0.074

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.


Barings BDC  (NYSE:BBDC) 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.


Barings BDC Cyclically Adjusted Price-to-FCF Related Terms

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


Barings BDC Business Description

Traded in Other Exchanges
Address
300 South Tryon Street, Suite 2500, Charlotte, NC, USA, 28202
Barings BDC Inc operates as a closed-end, non-diversified investment company and has elected to be treated as a business development company. The company's investment objective is to generate current income by investing directly in privately held middle-market companies to help these companies fund acquisitions, growth, or refinancing. Barings employs fundamental credit analysis and targets investments in businesses with low levels of cyclicality and operating risk relative to other businesses in this market segment. The holding size of each position will generally be dependent upon a number of factors including total facility size, pricing and structure, and the number of other lenders in the facility.
Executives
Eric J Lloyd director, officer: Chief Executive Officer BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Stephen R Byers director C/O BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Michael James O'connor other: Adviser Board Member C/O BARINGS LLC, 300 SOUTH TRYON ST., SUITE 2500, CHARLOTTE NC 28202
Elizabeth A. Murray officer: Director of External Reporting BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Michael Freno director BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Michael Desieno officer: Chief Accounting Officer 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Sears Merritt other: Adviser Board Member C/O BARINGS LLC, 300 SOUTH TRYON ST., SUITE 2500, CHARLOTTE NC 28202
Albert Perley officer: Assistant Treasurer BARINGS LLC, 300 SOUTH TRYON ST., STE 2500, CHARLOTTE NC 28202
Jeffrey Chillag officer: Director of Finance BARINGS LLC, 300 SOUTH TRYON STREET, STE 2500, CHARLOTTE NC 28202
Eric Partlan other: Adviser Board Member BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Geoff Craddock other: Adviser Board Member MASSACHUSETTS MUTUAL LIFE INSURANCE CO., ONE MARINA PARK DRIVE, BOSTON MA 02210
Thomas Okel director BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Ashlee Steinnerd officer: Chief Legal Officer BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Gregory Wayne Maccordy other: Chief Compliance Officer 6 LAMPLIGHT LANE, WESTPORT CT 06880
Benjamin Tecmire officer: Chief Compliance Officer BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202