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Keystone Positive Change Investment Trust (LSE:KPC) Cyclically Adjusted Price-to-FCF : 12.39 (As of Oct. 31, 2024)


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What is Keystone Positive Change Investment Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-10-31), Keystone Positive Change Investment Trust's current share price is £2.355. Keystone Positive Change Investment Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 was £0.19. Keystone Positive Change Investment Trust's Cyclically Adjusted Price-to-FCF for today is 12.39.

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

LSE:KPC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.32   Med: 25.36   Max: 41.69
Current: 12.26

During the past 13 years, Keystone Positive Change Investment Trust's highest Cyclically Adjusted Price-to-FCF was 41.69. The lowest was 9.32. And the median was 25.36.

LSE:KPC's Cyclically Adjusted Price-to-FCF is ranked better than
63.53% of 499 companies
in the Asset Management industry
Industry Median: 19.68 vs LSE:KPC: 12.26

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.

Keystone Positive Change Investment Trust's adjusted free cash flow per share data of for the fiscal year that ended in Sep23 was £0.005. 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 £0.19 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keystone Positive Change Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Keystone Positive Change Investment 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.

Keystone Positive Change Investment Trust Cyclically Adjusted Price-to-FCF Chart

Keystone Positive Change Investment Trust 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 21.34 15.42 18.23 10.04 10.66

Keystone Positive Change Investment Trust Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 - 10.04 - 10.66 -

Competitive Comparison of Keystone Positive Change Investment Trust's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Keystone Positive Change Investment 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.


Keystone Positive Change Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

* The bar in red indicates where Keystone Positive Change Investment Trust's Cyclically Adjusted Price-to-FCF falls into.



Keystone Positive Change Investment 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.

Keystone Positive Change Investment Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.355/0.19
=12.39

* 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.

Keystone Positive Change Investment Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Keystone Positive Change Investment Trust'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)
=0.005/130.1000*130.1000
=0.005

Current CPI (Sep23) = 130.1000.

Keystone Positive Change Investment Trust Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.089 100.000 0.116
201509 0.191 100.200 0.248
201609 0.088 101.500 0.113
201709 0.122 104.300 0.152
201809 -0.036 106.600 -0.044
201909 0.501 108.400 0.601
202009 0.332 109.200 0.396
202109 0.291 112.400 0.337
202209 -0.010 122.300 -0.011
202309 0.005 130.100 0.005

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.


Keystone Positive Change Investment Trust  (LSE:KPC) 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.


Keystone Positive Change Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Keystone Positive Change Investment Trust Business Description

Traded in Other Exchanges
Address
28 St. James's Square, Grimaldi House, London, GBR, SW1Y 4JH
Keystone Positive Change Investment Trust PLC is an asset management company. Its objective is to generate long-term capital growth and contribute to a more sustainable and inclusive world by investing in public and private companies whose products and services make a positive social or environmental impact.

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