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Deutsche Beteiligungs AG (HAM:DBAN) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is Deutsche Beteiligungs AG Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Deutsche Beteiligungs AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Deutsche Beteiligungs AG'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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Deutsche Beteiligungs AG Cyclically Adjusted Price-to-FCF Chart

Deutsche Beteiligungs AG Annual Data
Trend Oct14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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Deutsche Beteiligungs AG 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 Deutsche Beteiligungs AG's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Deutsche Beteiligungs AG'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.


Deutsche Beteiligungs AG's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Deutsche Beteiligungs AG 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.

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

For example, Deutsche Beteiligungs AG'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)
=-0.528/125.0381*125.0381
=-0.528

Current CPI (Mar. 2024) = 125.0381.

Deutsche Beteiligungs AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.142 99.356 -0.179
201407 0.208 99.823 0.261
201410 0.160 99.543 0.201
201501 0.005 98.516 0.006
201504 -0.037 100.217 -0.046
201507 0.253 100.617 0.314
201512 -0.179 99.717 -0.224
201603 0.061 100.017 0.076
201606 -0.399 100.717 -0.495
201609 0.165 101.017 0.204
201612 -0.515 101.217 -0.636
201703 -0.495 101.417 -0.610
201706 -0.355 102.117 -0.435
201709 0.291 102.717 0.354
201712 -0.426 102.617 -0.519
201803 -0.122 102.917 -0.148
201806 0.113 104.017 0.136
201809 1.031 104.718 1.231
201812 -0.598 104.217 -0.717
201903 0.108 104.217 0.130
201906 -0.253 105.718 -0.299
201909 -0.038 106.018 -0.045
201912 -0.338 105.818 -0.399
202003 -0.439 105.718 -0.519
202006 -0.232 106.618 -0.272
202009 0.593 105.818 0.701
202012 -0.499 105.518 -0.591
202103 -0.389 107.518 -0.452
202106 0.133 108.486 0.153
202109 0.282 109.435 0.322
202112 1.937 110.384 2.194
202203 -0.312 113.968 -0.342
202206 0.270 115.760 0.292
202209 -0.351 118.818 -0.369
202212 -0.119 119.345 -0.125
202303 0.655 122.402 0.669
202306 0.159 123.140 0.161
202309 -0.223 124.195 -0.225
202312 -0.037 123.773 -0.037
202403 -0.528 125.038 -0.528

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.


Deutsche Beteiligungs AG  (HAM:DBAN) 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.


Deutsche Beteiligungs AG Cyclically Adjusted Price-to-FCF Related Terms

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Deutsche Beteiligungs AG (HAM:DBAN) Business Description

Traded in Other Exchanges
Address
Borsenstrasse 1, Frankfurt, HE, DEU, 60313
Deutsche Beteiligungs AG is a German asset management enterprise. It aims to create value for its investors by the way of two business lines; fund investment services and private equity investments. Under the fund investment services, the assets under management are targeted for long-term growth. The objective of its private equity investments is to sustainably build the value of the companies under its portfolio. The company also manages assets entrusted to it by investors to invest through co-investment funds. Its operating segment includes Private Equity Investments and Fund Investment Services.

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