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Henderson Highome Trust (LSE:HHI) Cyclically Adjusted Price-to-FCF : 13.54 (As of Jun. 09, 2024)


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What is Henderson Highome Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Henderson Highome Trust's current share price is £1.625. Henderson Highome Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was £0.12. Henderson Highome Trust's Cyclically Adjusted Price-to-FCF for today is 13.54.

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

LSE:HHI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.8   Med: 17.85   Max: 27.71
Current: 13.72

During the past 13 years, Henderson Highome Trust's highest Cyclically Adjusted Price-to-FCF was 27.71. The lowest was 11.80. And the median was 17.85.

LSE:HHI's Cyclically Adjusted Price-to-FCF is ranked better than
60.04% of 503 companies
in the Asset Management industry
Industry Median: 20.31 vs LSE:HHI: 13.72

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.

Henderson Highome Trust's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was £0.099. 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 £0.12 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Henderson Highome Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Henderson Highome Trust'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.

Henderson Highome Trust Cyclically Adjusted Price-to-FCF Chart

Henderson Highome Trust 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 19.40 14.97 17.31 14.56 13.21

Henderson Highome Trust Semi-Annual Data
Jun14 Dec14 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 Premium Member Only Premium Member Only 17.31 - 14.56 - 13.21

Competitive Comparison of Henderson Highome Trust's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Henderson Highome Trust'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.


Henderson Highome Trust's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Henderson Highome Trust 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.

Henderson Highome Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.625/0.12
=13.54

* 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.

Henderson Highome Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Henderson Highome Trust'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)
=0.099/130.5000*130.5000
=0.099

Current CPI (Dec23) = 130.5000.

Henderson Highome Trust Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.072 99.900 0.094
201512 0.086 100.400 0.112
201612 0.167 102.200 0.213
201712 0.098 105.000 0.122
201812 0.096 107.100 0.117
201912 0.098 108.500 0.118
202012 0.085 109.400 0.101
202112 0.090 114.700 0.102
202212 0.102 125.300 0.106
202312 0.099 130.500 0.099

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.


Henderson Highome Trust  (LSE:HHI) 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.


Henderson Highome Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Henderson Highome Trust (LSE:HHI) Business Description

Traded in Other Exchanges
Address
201 Bishopsgate, London, GBR, EC2M 3AE
Henderson High Income Trust PLC is a United Kingdom-based investment trust. The company's investment objective is to invest in a prudently diversified selection of both known and smaller companies to provide investors with a high dividend income stream while also maintaining the prospect of capital growth. To achieve this objective, the company invests substantially in ordinary shares of listed companies and the rest in fixed-interest stocks. Henderson's trust comprises securities in a variety of sectors, including financials, consumer goods, consumer services, fixed interest, telecommunications, utilities, healthcare, oil, and gas. The majority of its investments are based in the United Kingdom.

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