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Impax Asset Management Group (LSE:IPX) Cyclically Adjusted Price-to-FCF : 24.57 (As of May. 17, 2024)


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What is Impax Asset Management Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Impax Asset Management Group's current share price is £5.16. Impax Asset Management Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 was £0.21. Impax Asset Management Group's Cyclically Adjusted Price-to-FCF for today is 24.57.

The historical rank and industry rank for Impax Asset Management Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LSE:IPX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.67   Med: 36.9   Max: 161.25
Current: 22.55

During the past 13 years, Impax Asset Management Group's highest Cyclically Adjusted Price-to-FCF was 161.25. The lowest was 13.67. And the median was 36.90.

LSE:IPX's Cyclically Adjusted Price-to-FCF is ranked worse than
54.26% of 505 companies
in the Asset Management industry
Industry Median: 20.69 vs LSE:IPX: 22.55

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.

Impax Asset Management Group's adjusted free cash flow per share data of for the fiscal year that ended in Sep23 was £0.288. 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 £0.21 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Impax Asset Management Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Impax Asset Management Group'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.

Impax Asset Management Group Cyclically Adjusted Price-to-FCF Chart

Impax Asset Management Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.31 62.91 97.29 29.53 21.45

Impax Asset Management Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 97.29 - 29.53 - 21.45

Competitive Comparison of Impax Asset Management Group's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Impax Asset Management Group'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.


Impax Asset Management Group's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

* The bar in red indicates where Impax Asset Management Group's Cyclically Adjusted Price-to-FCF falls into.



Impax Asset Management Group 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.

Impax Asset Management Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.16/0.21
=24.57

* 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.

Impax Asset Management Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Impax Asset Management Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Sep23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=0.288/130.1000*130.1000
=0.288

Current CPI (Sep23) = 130.1000.

Impax Asset Management Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.048 100.000 0.062
201509 0.009 100.200 0.012
201609 0.019 101.500 0.024
201709 0.043 104.300 0.054
201809 0.195 106.600 0.238
201909 0.160 108.400 0.192
202009 0.188 109.200 0.224
202109 0.415 112.400 0.480
202209 0.529 122.300 0.563
202309 0.288 130.100 0.288

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.


Impax Asset Management Group  (LSE:IPX) 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.


Impax Asset Management Group Cyclically Adjusted Price-to-FCF Related Terms

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


Impax Asset Management Group (LSE:IPX) Business Description

Traded in Other Exchanges
Address
30 Panton Street, 7th Floor, London, GBR, SW1Y 4AJ
Impax Asset Management Group PLC is an investment firm. It operates in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable economy. The company offers listed and private equity strategies to institutional clients, with assets under management and advice. Geographically, it derives a majority of revenue from North America and also has a presence in UK; France; Luxembourg; Netherlands; Ireland; Australia and other regions.

Impax Asset Management Group (LSE:IPX) Headlines

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