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Foresight Solar Fund (LSE:FSFL) Cyclically Adjusted Price-to-FCF : 17.66 (As of May. 23, 2024)


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What is Foresight Solar Fund Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), Foresight Solar Fund's current share price is £0.883. Foresight Solar Fund's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was £0.05. Foresight Solar Fund's Cyclically Adjusted Price-to-FCF for today is 17.66.

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

LSE:FSFL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.4   Med: 17.82   Max: 20.2
Current: 19.63

During the past 10 years, Foresight Solar Fund's highest Cyclically Adjusted Price-to-FCF was 20.20. The lowest was 16.40. And the median was 17.82.

LSE:FSFL's Cyclically Adjusted Price-to-FCF is ranked better than
50.4% of 498 companies
in the Asset Management industry
Industry Median: 20.18 vs LSE:FSFL: 19.63

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.

Foresight Solar Fund's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was £0.092. 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 £0.05 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Foresight Solar Fund Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Foresight Solar Fund'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.

Foresight Solar Fund Cyclically Adjusted Price-to-FCF Chart

Foresight Solar Fund Annual Data
Trend Jun14 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 - - - - 22.65

Foresight Solar Fund Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - - - 22.65

Competitive Comparison of Foresight Solar Fund's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Foresight Solar Fund'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.


Foresight Solar Fund's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Foresight Solar Fund 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.

Foresight Solar Fund's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.883/0.05
=17.66

* 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.

Foresight Solar Fund's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Foresight Solar Fund's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.092/129.4194*129.4194
=0.092

Current CPI (Dec23) = 129.4194.

Foresight Solar Fund Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201512 -0.048 99.792 -0.062
201612 0.016 101.863 0.020
201712 0.025 104.011 0.031
201812 0.041 105.998 0.050
201912 0.058 108.420 0.069
202012 0.060 109.897 0.071
202112 0.056 117.630 0.062
202212 0.071 125.222 0.073
202312 0.092 129.419 0.092

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.


Foresight Solar Fund  (LSE:FSFL) 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.


Foresight Solar Fund Cyclically Adjusted Price-to-FCF Related Terms

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


Foresight Solar Fund (LSE:FSFL) Business Description

Traded in Other Exchanges
Address
The Shard, 32 London Bridge Street, London, JEY, SE1 9SG
Foresight Solar Fund Ltd is a closed-ended company. Its objective is to provide investors with a sustainable, progressive quarterly dividend and enhanced capital value, through investment in ground-based solar assets predominantly located in the UK. The company makes its investments through intermediate holding companies and underlying Project Vehicles/Special Purpose Vehicles (SPVs). It will pursue its investment objective by acquiring ground-based, operational solar power plants predominantly located in the UK.

Foresight Solar Fund (LSE:FSFL) Headlines

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