/term/cyclically-adjusted-price-to-fcf/KUW:INOVEST Inovest BSC (KUW:INOVEST) Cyclically Adjusted Price-to-FCF
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Inovest BSC (KUW:INOVEST) Cyclically Adjusted Price-to-FCF : (As of Jun. 20, 2024)


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What is Inovest BSC Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Inovest BSC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Inovest BSC'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.

Inovest BSC Cyclically Adjusted Price-to-FCF Chart

Inovest BSC 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 - - 215.42 153.06 -

Inovest BSC 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 104.19 - - - -

Competitive Comparison of Inovest BSC's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Inovest BSC'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.


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

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

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



Inovest BSC 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.

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

For example, Inovest BSC'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)
=-0.001/131.7762*131.7762
=-0.001

Current CPI (Mar. 2024) = 131.7762.

Inovest BSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.005 100.560 -0.007
201409 -0.004 100.428 -0.005
201412 -0.013 99.070 -0.017
201503 0.001 99.621 0.001
201506 0.028 100.684 0.037
201509 -0.005 100.392 -0.007
201512 -0.004 99.792 -0.005
201603 -0.013 100.470 -0.017
201606 -0.004 101.688 -0.005
201609 0.010 101.861 0.013
201612 0.007 101.863 0.009
201703 0.018 102.862 0.023
201706 -0.009 103.349 -0.011
201709 -0.015 104.136 -0.019
201712 0.004 104.011 0.005
201803 0.005 105.290 0.006
201806 0.002 106.317 0.002
201809 0.004 106.507 0.005
201812 0.011 105.998 0.014
201903 -0.007 107.251 -0.009
201906 -0.010 108.070 -0.012
201909 -0.005 108.329 -0.006
201912 0.006 108.420 0.007
202003 0.012 108.902 0.015
202006 0.001 108.767 0.001
202009 -0.007 109.815 -0.008
202012 -0.001 109.897 -0.001
202103 -0.012 111.754 -0.014
202106 0.001 114.631 0.001
202109 0.016 115.734 0.018
202112 -0.003 117.630 -0.003
202203 -0.004 121.301 -0.004
202206 -0.002 125.017 -0.002
202209 -0.001 125.227 -0.001
202212 -0.002 125.222 -0.002
202303 -0.001 127.348 -0.001
202306 -0.001 128.729 -0.001
202309 -0.002 129.860 -0.002
202312 0.000 129.419 0.000
202403 -0.001 131.776 -0.001

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.


Inovest BSC  (KUW:INOVEST) 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.


Inovest BSC Cyclically Adjusted Price-to-FCF Related Terms

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


Inovest BSC (KUW:INOVEST) Business Description

Traded in Other Exchanges
Address
King Faisal Street, Bahrain Financial Harbour, 35th Floor, P.O. Box 18334, East Tower, Manama, BHR
Inovest BSC is an investment company. The principal business activity of the company includes all types of investments, including direct investment and securities, and varied investment funds; establishing and managing various investment funds; and dealing in financial instruments in the local, regional and international markets. Its segments are Investment and related services, Construction contracts, Development and sale of industrial plots and Property and facility management services.

Inovest BSC (KUW:INOVEST) Headlines

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