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Freedom Holding (UKEX:FRHC) Cyclically Adjusted Price-to-FCF : (As of Jun. 23, 2024)


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What is Freedom Holding Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Freedom Holding Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Freedom Holding'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.

Freedom Holding Cyclically Adjusted Price-to-FCF Chart

Freedom Holding Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.80 21.43 173.00 - -

Freedom Holding 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 - - - - -

Competitive Comparison of Freedom Holding's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Freedom Holding'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.


Freedom Holding's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Freedom Holding's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Freedom Holding 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.

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

For example, Freedom Holding'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)
=202.285/131.7762*131.7762
=202.285

Current CPI (Mar. 2024) = 131.7762.

Freedom Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.001 100.560 -0.001
201409 0.000 100.428 0.000
201412 0.039 99.070 0.052
201503 -0.010 99.621 -0.013
201506 -0.003 100.684 -0.004
201509 -0.017 100.392 -0.022
201512 -0.054 99.792 -0.071
201603 -0.019 100.470 -0.025
201606 0.312 101.688 0.404
201609 -0.279 101.861 -0.361
201612 -0.967 101.863 -1.251
201703 1.610 102.862 2.063
201706 0.687 103.349 0.876
201709 15.612 104.136 19.756
201712 -85.951 104.011 -108.895
201803 -19.355 105.290 -24.224
201806 0.656 106.317 0.813
201809 28.267 106.507 34.974
201812 -0.012 105.998 -0.015
201903 8.256 107.251 10.144
201906 78.193 108.070 95.346
201909 -36.162 108.329 -43.989
201912 3.065 108.420 3.725
202003 11.099 108.902 13.430
202006 475.898 108.767 576.571
202009 -272.246 109.815 -326.691
202012 213.138 109.897 255.572
202103 -52.219 111.754 -61.575
202106 -43.589 114.631 -50.108
202109 55.860 115.734 63.603
202112 -447.296 117.630 -501.090
202203 155.738 121.301 169.187
202206 -183.245 125.017 -193.153
202209 154.360 125.227 162.433
202212 -305.436 125.222 -321.423
202303 -337.566 127.348 -349.305
202306 -629.533 128.729 -644.436
202309 -303.825 129.860 -308.309
202312 -26.203 129.419 -26.680
202403 202.285 131.776 202.285

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.


Freedom Holding  (UKEX:FRHC) 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.


Freedom Holding Cyclically Adjusted Price-to-FCF Related Terms

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Freedom Holding (UKEX:FRHC) Business Description

Traded in Other Exchanges
Address
No. 77-7 Al Farabi Avenue, Esentai Tower BC, Floor 7, Almaty, KAZ, 050040
Freedom Holding Corp is engaged in a broad range of activities in the securities industry, including retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services in Eurasia. It acts as a professional participant through its subsidiaries on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). Its geographical segments are Central Asia, Europe, the United States, and the Middle East/Caucasus, of which Europe accounts for the majority of its revenue.

Freedom Holding (UKEX:FRHC) Headlines

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