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Virtus Investment Partners (FRA:VIP) Cyclically Adjusted Price-to-FCF : 103.35 (As of May. 19, 2024)


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What is Virtus Investment Partners Cyclically Adjusted Price-to-FCF?

As of today (2024-05-19), Virtus Investment Partners's current share price is €216.00. Virtus Investment Partners's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.09. Virtus Investment Partners's Cyclically Adjusted Price-to-FCF for today is 103.35.

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

FRA:VIP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 75.97   Med: 139.92   Max: 631.97
Current: 101.89

During the past years, Virtus Investment Partners's highest Cyclically Adjusted Price-to-FCF was 631.97. The lowest was 75.97. And the median was 139.92.

FRA:VIP's Cyclically Adjusted Price-to-FCF is ranked worse than
86.9% of 504 companies
in the Asset Management industry
Industry Median: 20.445 vs FRA:VIP: 101.89

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.

Virtus Investment Partners's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-4.602. 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 €2.09 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Virtus Investment Partners Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Virtus Investment Partners'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.

Virtus Investment Partners Cyclically Adjusted Price-to-FCF Chart

Virtus Investment Partners 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 - - - - 106.34

Virtus Investment Partners 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 - 318.61 89.87 106.34 108.28

Competitive Comparison of Virtus Investment Partners's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Virtus Investment Partners'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.


Virtus Investment Partners's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Virtus Investment Partners 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.

Virtus Investment Partners's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=216.00/2.09
=103.35

* 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.

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

For example, Virtus Investment Partners'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)
=-4.602/131.7762*131.7762
=-4.602

Current CPI (Mar. 2024) = 131.7762.

Virtus Investment Partners Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -4.647 100.560 -6.090
201409 -0.967 100.428 -1.269
201412 3.772 99.070 5.017
201503 -2.650 99.621 -3.505
201506 2.448 100.684 3.204
201509 -6.016 100.392 -7.897
201512 -16.148 99.792 -21.323
201603 -4.114 100.470 -5.396
201606 9.615 101.688 12.460
201609 -6.063 101.861 -7.844
201612 3.077 101.863 3.981
201703 -2.147 102.862 -2.751
201706 8.741 103.349 11.145
201709 -15.720 104.136 -19.893
201712 -8.929 104.011 -11.313
201803 -6.077 105.290 -7.606
201806 -9.553 106.317 -11.841
201809 5.329 106.507 6.593
201812 3.018 105.998 3.752
201903 -2.742 107.251 -3.369
201906 -13.298 108.070 -16.215
201909 4.431 108.329 5.390
201912 7.437 108.420 9.039
202003 -30.810 108.902 -37.282
202006 -22.215 108.767 -26.914
202009 7.339 109.815 8.807
202012 15.755 109.897 18.892
202103 15.397 111.754 18.156
202106 9.045 114.631 10.398
202109 19.591 115.734 22.307
202112 26.907 117.630 30.143
202203 -9.763 121.301 -10.606
202206 14.617 125.017 15.407
202209 15.713 125.227 16.535
202212 -2.960 125.222 -3.115
202303 -5.597 127.348 -5.792
202306 17.991 128.729 18.417
202309 15.728 129.860 15.960
202312 0.618 129.419 0.629
202403 -4.602 131.776 -4.602

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.


Virtus Investment Partners  (FRA:VIP) 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.


Virtus Investment Partners Cyclically Adjusted Price-to-FCF Related Terms

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


Virtus Investment Partners (FRA:VIP) Business Description

Traded in Other Exchanges
Address
One Financial Plaza, Hartford, CT, USA, 06103
Virtus Investment Partners Inc provides investment management and related services to individuals and institutions. Its retail products include open-end mutual funds, closed-end funds, exchange-traded funds, and variable insurance funds. Geographically, the activities are carried out through the region of the US and the group generates revenue through investment management fees, distribution and service fees and administration and shareholder service fees.

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