GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ocwen Financial Corp (STU:OW0A) » Definitions » Cyclically Adjusted Price-to-FCF

Ocwen Financial (STU:OW0A) Cyclically Adjusted Price-to-FCF : 9.66 (As of Jun. 02, 2024)


View and export this data going back to 2015. Start your Free Trial

What is Ocwen Financial Cyclically Adjusted Price-to-FCF?

As of today (2024-06-02), Ocwen Financial's current share price is €22.40. Ocwen Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.32. Ocwen Financial's Cyclically Adjusted Price-to-FCF for today is 9.66.

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

STU:OW0A' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.07   Med: 0.91   Max: 26.32
Current: 9.52

During the past years, Ocwen Financial's highest Cyclically Adjusted Price-to-FCF was 26.32. The lowest was 0.07. And the median was 0.91.

STU:OW0A's Cyclically Adjusted Price-to-FCF is ranked worse than
65.9% of 830 companies
in the Banks industry
Industry Median: 7.35 vs STU:OW0A: 9.52

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.

Ocwen Financial's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-37.001. 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 €2.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ocwen Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ocwen Financial'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.

Ocwen Financial Cyclically Adjusted Price-to-FCF Chart

Ocwen Financial 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 0.30 0.51 1.34 3.56 3.40

Ocwen Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 - - - 3.40 10.49

Competitive Comparison of Ocwen Financial's Cyclically Adjusted Price-to-FCF

For the Mortgage Finance subindustry, Ocwen Financial'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.


Ocwen Financial's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Ocwen Financial's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ocwen Financial's Cyclically Adjusted Price-to-FCF falls into.



Ocwen Financial 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.

Ocwen Financial's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.40/2.32
=9.66

* 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.

Ocwen Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ocwen Financial's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-37.001/131.7762*131.7762
=-37.001

Current CPI (Mar. 2024) = 131.7762.

Ocwen Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.754 100.560 0.988
201409 30.024 100.428 39.396
201412 -20.677 99.070 -27.503
201503 34.685 99.621 45.880
201506 21.320 100.684 27.904
201509 23.976 100.392 31.471
201512 -23.493 99.792 -31.023
201603 12.681 100.470 16.632
201606 2.758 101.688 3.574
201609 17.590 101.861 22.756
201612 7.403 101.863 9.577
201703 9.361 102.862 11.992
201706 20.461 103.349 26.089
201709 11.986 104.136 15.167
201712 0.190 104.011 0.241
201803 8.714 105.290 10.906
201806 8.992 106.317 11.145
201809 8.764 106.507 10.843
201812 -2.299 105.998 -2.858
201903 5.104 107.251 6.271
201906 -2.291 108.070 -2.794
201909 4.252 108.329 5.172
201912 -6.610 108.420 -8.034
202003 14.208 108.902 17.192
202006 3.656 108.767 4.429
202009 -1.151 109.815 -1.381
202012 -17.164 109.897 -20.581
202103 -16.276 111.754 -19.192
202106 -69.872 114.631 -80.322
202109 -24.450 115.734 -27.839
202112 -9.363 117.630 -10.489
202203 12.452 121.301 13.527
202206 7.342 125.017 7.739
202209 -13.019 125.227 -13.700
202212 -14.285 125.222 -15.033
202303 -29.617 127.348 -30.647
202306 -54.063 128.729 -55.343
202309 39.480 129.860 40.063
202312 30.025 129.419 30.572
202403 -37.001 131.776 -37.001

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.


Ocwen Financial  (STU:OW0A) 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.


Ocwen Financial Cyclically Adjusted Price-to-FCF Related Terms

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


Ocwen Financial (STU:OW0A) Business Description

Industry
Traded in Other Exchanges
Address
1661 Worthington Road, Suite 100, West Palm Beach, FL, USA, 33409
Ocwen Financial Corp is a financial service company that services and originates loans. Its business segment includes Servicing and Lending. Servicing segment provides residential and commercial mortgage loan servicing, special servicing and asset management services. Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The company generates a majority of its revenue from the Servicing segment. Geographically, it generates a majority of its revenue from the United States.

Ocwen Financial (STU:OW0A) Headlines

No Headlines