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Findev (FRA:0T41) Cyclically Adjusted Price-to-FCF : (As of Sep. 21, 2024)


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What is Findev Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Findev Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Findev'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.

Findev Cyclically Adjusted Price-to-FCF Chart

Findev Annual Data
Trend May14 May15 May16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Findev Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Findev's Cyclically Adjusted Price-to-FCF

For the Mortgage Finance subindustry, Findev'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.


Findev's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Findev's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Findev 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.

Findev's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Findev's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.006/127.5217*127.5217
=0.006

Current CPI (Jun. 2024) = 127.5217.

Findev Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 -0.225 99.394 -0.289
201408 -0.305 99.315 -0.392
201411 -0.094 99.078 -0.121
201502 -0.250 99.078 -0.322
201505 -0.019 100.263 -0.024
201508 -0.280 100.579 -0.355
201511 -0.144 100.421 -0.183
201602 -0.059 100.421 -0.075
201605 -0.130 101.765 -0.163
201608 0.099 101.686 0.124
201703 -0.055 102.634 -0.068
201706 0.005 103.029 0.006
201709 0.039 103.345 0.048
201712 -0.025 103.345 -0.031
201803 0.007 105.004 0.009
201806 -0.003 105.557 -0.004
201809 0.004 105.636 0.005
201812 0.004 105.399 0.005
201903 0.005 106.979 0.006
201906 0.005 107.690 0.006
201909 0.006 107.611 0.007
201912 0.008 107.769 0.009
202003 0.005 107.927 0.006
202006 0.006 108.401 0.007
202009 0.006 108.164 0.007
202012 -0.001 108.559 -0.001
202103 0.005 110.298 0.006
202106 0.005 111.720 0.006
202109 0.005 112.905 0.006
202112 0.005 113.774 0.006
202203 0.005 117.646 0.005
202206 0.006 120.806 0.006
202209 0.006 120.648 0.006
202212 0.006 120.964 0.006
202303 0.006 122.702 0.006
202306 0.006 124.203 0.006
202309 0.004 125.230 0.004
202312 0.005 125.072 0.005
202403 0.005 126.258 0.005
202406 0.006 127.522 0.006

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.


Findev  (FRA:0T41) 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.


Findev Cyclically Adjusted Price-to-FCF Related Terms

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Findev Business Description

Industry
Traded in Other Exchanges
Address
10 Wanless Avenue, Suite 200, Toronto, ON, CAN, M4N 1V6
Findev Inc is a real estate financing company that lends money to real estate projects that are identified as uniquely positioned to generate above-average returns in a two to three-year timeframe. It focuses on lending to residential and retail development projects within the Greater Toronto Area. It focuses on real estate projects that include condominiums, purpose-built rentals, townhouses, low-rise/subdivisions, and retail developments.

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