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CQS New City High Yield Fund (LSE:NCYF) Cyclically Adjusted Price-to-FCF : 12.80 (As of Jun. 05, 2025)


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What is CQS New City High Yield Fund Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), CQS New City High Yield Fund's current share price is £0.512. CQS New City High Yield Fund's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun24 was £0.04. CQS New City High Yield Fund's Cyclically Adjusted Price-to-FCF for today is 12.80.

The historical rank and industry rank for CQS New City High Yield Fund's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LSE:NCYF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.13   Med: 12.77   Max: 15.4
Current: 13.55

During the past 13 years, CQS New City High Yield Fund's highest Cyclically Adjusted Price-to-FCF was 15.40. The lowest was 9.13. And the median was 12.77.

LSE:NCYF's Cyclically Adjusted Price-to-FCF is ranked better than
59.04% of 498 companies
in the Asset Management industry
Industry Median: 19.135 vs LSE:NCYF: 13.55

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.

CQS New City High Yield Fund's adjusted free cash flow per share data of for the fiscal year that ended in Jun24 was £0.035. 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 £0.04 for the trailing ten years ended in Jun24.

Shiller PE for Stocks: The True Measure of Stock Valuation


CQS New City High Yield Fund Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CQS New City High Yield 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.

CQS New City High Yield Fund Cyclically Adjusted Price-to-FCF Chart

CQS New City High Yield Fund Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.44 12.59 12.46 - 13.87

CQS New City High Yield Fund Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 - - - 13.87 -

Competitive Comparison of CQS New City High Yield Fund's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, CQS New City High Yield 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.


CQS New City High Yield Fund's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CQS New City High Yield Fund's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where CQS New City High Yield Fund's Cyclically Adjusted Price-to-FCF falls into.


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CQS New City High Yield 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.

CQS New City High Yield Fund's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.512/0.04
=12.80

* 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.

CQS New City High Yield Fund's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun24 is calculated as:

For example, CQS New City High Yield Fund's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun24 (Change)*Current CPI (Jun24)
=0.035/132.5538*132.5538
=0.035

Current CPI (Jun24) = 132.5538.

CQS New City High Yield Fund Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.041 100.684 0.054
201606 0.041 101.688 0.053
201706 0.043 103.349 0.055
201806 0.041 106.317 0.051
201906 0.019 108.070 0.023
202006 0.018 108.767 0.022
202106 0.047 114.631 0.054
202206 -0.009 125.017 -0.010
202306 0.000 128.729 0.000
202406 0.035 132.554 0.035

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.


CQS New City High Yield Fund  (LSE:NCYF) 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.


CQS New City High Yield Fund Cyclically Adjusted Price-to-FCF Related Terms

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


CQS New City High Yield Fund Business Description

Traded in Other Exchanges
N/A
Address
IFC 1, The Esplanade, Saint Helier, JEY, JE1 4BP
CQS New City High Yield Fund Ltd is a UK-based closed-ended investment company to provide investors with a high dividend yield and the potential for capital growth through investing in its strategic investments in fixed-interest securities. The company also invests in equities and other income-yielding securities.

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