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Canadian Banc (Canadian Banc) Cyclically Adjusted Price-to-FCF : (As of Jun. 16, 2024)


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What is Canadian Banc Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Banc Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canadian Banc'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.

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Canadian Banc Cyclically Adjusted Price-to-FCF Chart

Canadian Banc Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.61 8.92 12.06 69.28 -

Canadian Banc Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 12.06 - 69.28 - -

Competitive Comparison of Canadian Banc's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Canadian Banc'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.


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

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

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



Canadian Banc 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.

Canadian Banc's Cyclically Adjusted FCF per Share for the fiscal year that ended in Nov23 is calculated as:

For example, Canadian Banc's adjusted Free Cash Flow per Share data for the fiscal year that ended in Nov23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Nov23 (Change)*Current CPI (Nov23)
=-4.46/125.4675*125.4675
=-4.460

Current CPI (Nov23) = 125.4675.

Canadian Banc Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201411 -0.737 99.078 -0.933
201511 -1.309 100.421 -1.635
201611 1.566 101.607 1.934
201711 2.228 103.740 2.695
201811 -3.852 105.478 -4.582
201911 1.643 107.769 1.913
202011 0.623 108.796 0.718
202111 2.024 113.932 2.229
202211 -2.956 121.675 -3.048
202311 -4.460 125.468 -4.460

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.


Canadian Banc  (OTCPK:CNDCF) 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.


Canadian Banc Cyclically Adjusted Price-to-FCF Related Terms

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Canadian Banc (Canadian Banc) Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
Canadian Banc Corp is a Canadian-based company operating in the financial services sector. The Company invests in an actively managed portfolio of common shares comprised of 6 Canadian chartered banks. The Company employs an active covered call writing program to enhance the income earned from the portfolio.

Canadian Banc (Canadian Banc) Headlines

From GuruFocus

Canadian Banc Corp. Financial Results to November 30, 2022

By GlobeNewswire GlobeNewswire 02-24-2023

CANADIAN BANC CORP. Financial Results to May 31, 2021

By GlobeNewswire GlobeNewswire 07-24-2021