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Golub Capital BDC (FRA:OGL) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


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What is Golub Capital BDC Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Golub Capital BDC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Golub Capital 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.

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Golub Capital BDC Cyclically Adjusted Price-to-FCF Chart

Golub Capital BDC Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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Golub Capital BDC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Golub Capital BDC's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Golub Capital 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.


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

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

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



Golub Capital 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.

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

For example, Golub Capital BDC'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)
=0.805/131.7762*131.7762
=0.805

Current CPI (Mar. 2024) = 131.7762.

Golub Capital BDC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.768 100.560 -1.006
201409 -0.016 100.428 -0.021
201412 -0.666 99.070 -0.886
201503 -0.176 99.621 -0.233
201506 -2.013 100.684 -2.635
201509 1.110 100.392 1.457
201512 0.390 99.792 0.515
201603 -1.235 100.470 -1.620
201606 0.210 101.688 0.272
201609 -0.274 101.861 -0.354
201612 -0.227 101.863 -0.294
201703 -0.288 102.862 -0.369
201706 -0.567 103.349 -0.723
201709 1.777 104.136 2.249
201712 -0.156 104.011 -0.198
201803 -0.227 105.290 -0.284
201806 -0.131 106.317 -0.162
201809 0.450 106.507 0.557
201812 -1.608 105.998 -1.999
201903 -0.236 107.251 -0.290
201906 0.746 108.070 0.910
201909 -0.462 108.329 -0.562
201912 -0.734 108.420 -0.892
202003 0.607 108.902 0.735
202006 0.607 108.767 0.735
202009 0.518 109.815 0.622
202012 -0.810 109.897 -0.971
202103 1.022 111.754 1.205
202106 0.207 114.631 0.238
202109 -1.943 115.734 -2.212
202112 -0.946 117.630 -1.060
202203 -1.102 121.301 -1.197
202206 -1.032 125.017 -1.088
202209 0.939 125.227 0.988
202212 0.292 125.222 0.307
202303 0.163 127.348 0.169
202306 0.264 128.729 0.270
202309 0.354 129.860 0.359
202312 0.884 129.419 0.900
202403 0.805 131.776 0.805

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.


Golub Capital BDC  (FRA:OGL) 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.


Golub Capital BDC Cyclically Adjusted Price-to-FCF Related Terms

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Golub Capital BDC (FRA:OGL) Business Description

Traded in Other Exchanges
Address
200 Park Avenue, 25th Floor, New York, NY, USA, 10166
Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. Its investment objective is to generate current income and capital appreciation by investing in senior secured and one-stop loans in United States middle-market companies. It also invests in the second lien and subordinated loans, warrants, and minority equity securities in United States middle-market companies. The company generally invests in securities that have been rated below investment grade by independent rating agencies or that would be rated below investment grade if they were rated.

Golub Capital BDC (FRA:OGL) Headlines

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