GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Goldman Sachs BDC Inc (FRA:GSB) » Definitions » Cyclically Adjusted Price-to-FCF

Goldmanchs BDC (FRA:GSB) Cyclically Adjusted Price-to-FCF : (As of Sep. 21, 2024)


View and export this data going back to 2015. Start your Free Trial

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

Shiller PE for Stocks: The True Measure of Stock Valuation


Goldmanchs BDC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Goldmanchs 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.

Goldmanchs BDC Cyclically Adjusted Price-to-FCF Chart

Goldmanchs BDC 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 - - - - -

Goldmanchs BDC Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 Goldmanchs BDC's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Goldmanchs 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.


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

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

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



Goldmanchs 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.

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

For example, Goldmanchs BDC'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)
=-0.989/132.5538*132.5538
=-0.989

Current CPI (Jun. 2024) = 132.5538.

Goldmanchs BDC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -4.896 100.428 -6.462
201412 -2.209 99.070 -2.956
201503 0.771 99.621 1.026
201506 -1.863 100.684 -2.453
201509 -3.147 100.392 -4.155
201512 1.442 99.792 1.915
201603 -0.088 100.470 -0.116
201606 -0.505 101.688 -0.658
201609 0.312 101.861 0.406
201612 -0.519 101.863 -0.675
201703 0.460 102.862 0.593
201706 1.336 103.349 1.714
201709 -0.905 104.136 -1.152
201712 -1.701 104.011 -2.168
201803 0.626 105.290 0.788
201806 0.897 106.317 1.118
201809 -1.207 106.507 -1.502
201812 -1.437 105.998 -1.797
201903 -0.599 107.251 -0.740
201906 -2.559 108.070 -3.139
201909 3.020 108.329 3.695
201912 -0.572 108.420 -0.699
202003 -2.333 108.902 -2.840
202006 0.293 108.767 0.357
202009 0.362 109.815 0.437
202012 1.938 109.897 2.338
202103 0.827 111.754 0.981
202106 1.088 114.631 1.258
202109 0.535 115.734 0.613
202112 -2.843 117.630 -3.204
202203 0.351 121.301 0.384
202206 -0.879 125.017 -0.932
202209 -0.535 125.227 -0.566
202212 1.259 125.222 1.333
202303 0.288 127.348 0.300
202306 0.218 128.729 0.224
202309 1.366 129.860 1.394
202312 0.693 129.419 0.710
202403 0.059 131.776 0.059
202406 -0.989 132.554 -0.989

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.


Goldmanchs BDC  (FRA:GSB) 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.


Goldmanchs BDC Cyclically Adjusted Price-to-FCF Related Terms

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


Goldmanchs BDC Business Description

Traded in Other Exchanges
Address
200 West Street, New York, NY, USA, 10282
Goldman Sachs BDC Inc is a non-diversified, closed-end management investment company that elected to be regulated as a business development company focused on lending to middle-market companies. The investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including the first lien, unitranche and second lien debt, and unsecured debt. It invests primarily in U.S. middle-market companies such as banks and the public debt markets. The company's origination strategy focuses on leading the negotiation and structuring of the loans or securities in which it invests and holding the investments in its portfolio to maturity. It generates majority revenue in the form of interest income and dividend income.

Goldmanchs BDC Headlines

From GuruFocus

GlobalSCAPE Unveils Enhanced File Transfer™ 2020 Platform

By PRNewswire PRNewswire 01-15-2020

GlobalSCAPE Announces Expiration of "Go-Shop" Period

By PRNewswire PRNewswire 08-24-2020