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Onex (FRA:ONE) Cyclically Adjusted Price-to-FCF : 10.28 (As of Jun. 20, 2024)


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What is Onex Cyclically Adjusted Price-to-FCF?

As of today (2024-06-20), Onex's current share price is €62.00. Onex's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €6.03. Onex's Cyclically Adjusted Price-to-FCF for today is 10.28.

The historical rank and industry rank for Onex's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:ONE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.78   Med: 9.08   Max: 13.67
Current: 10.56

During the past years, Onex's highest Cyclically Adjusted Price-to-FCF was 13.67. The lowest was 3.78. And the median was 9.08.

FRA:ONE's Cyclically Adjusted Price-to-FCF is ranked better than
65.54% of 505 companies
in the Asset Management industry
Industry Median: 20 vs FRA:ONE: 10.56

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Onex's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.920. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €6.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Onex Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Onex'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.

Onex Cyclically Adjusted Price-to-FCF Chart

Onex 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 7.48 6.82 8.90 6.73 10.39

Onex Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.39 7.58 8.48 10.39 11.36

Competitive Comparison of Onex's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Onex'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.


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

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

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



Onex 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.

Onex's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=62.00/6.03
=10.28

* 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.

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

For example, Onex'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)
=-0.92/126.2576*126.2576
=-0.920

Current CPI (Mar. 2024) = 126.2576.

Onex Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.361 99.473 2.997
201409 0.049 99.394 0.062
201412 1.600 98.367 2.054
201503 1.712 99.789 2.166
201506 2.282 100.500 2.867
201509 1.774 100.421 2.230
201512 4.195 99.947 5.299
201603 0.753 101.054 0.941
201606 2.345 102.002 2.903
201609 3.607 101.765 4.475
201612 5.943 101.449 7.396
201703 2.106 102.634 2.591
201706 0.585 103.029 0.717
201709 3.422 103.345 4.181
201712 3.736 103.345 4.564
201803 0.498 105.004 0.599
201806 2.059 105.557 2.463
201809 2.359 105.636 2.820
201812 0.966 105.399 1.157
201903 -0.053 106.979 -0.063
201906 0.637 107.690 0.747
201909 2.906 107.611 3.410
201912 0.684 107.769 0.801
202003 0.127 107.927 0.149
202006 0.734 108.401 0.855
202009 1.715 108.164 2.002
202012 0.841 108.559 0.978
202103 0.504 110.298 0.577
202106 0.987 111.720 1.115
202109 0.535 112.905 0.598
202112 1.482 113.774 1.645
202203 -2.526 117.646 -2.711
202206 -0.187 120.806 -0.195
202209 -0.380 120.648 -0.398
202212 -1.071 120.964 -1.118
202303 -1.568 122.702 -1.613
202306 1.026 124.203 1.043
202309 1.850 125.230 1.865
202312 -0.603 125.072 -0.609
202403 -0.920 126.258 -0.920

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.


Onex  (FRA:ONE) 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.


Onex Cyclically Adjusted Price-to-FCF Related Terms

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


Onex (FRA:ONE) Business Description

Traded in Other Exchanges
Address
161 Bay Street, 49th Floor, P.O. Box 700, Toronto, ON, CAN, M5J 2S5
Onex Corporation is a private equity investor and asset management firm. The company operates in two reportable segments: investing, which comprises the activity of investing Onex' capital and asset management, which comprises the asset management activities provided by Onex to support its private equity and Credit strategies, as well as Onex's corporate functions. The majority of the company's revenue is generated through the investing segment.

Onex (FRA:ONE) Headlines