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Global Ship Lease (Global Ship Lease) Cyclically Adjusted FCF per Share : $4.21 (As of Dec. 2023)


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What is Global Ship Lease Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Global Ship Lease's adjusted free cash flow per share for the three months ended in Dec. 2023 was $2.717. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $4.21 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Global Ship Lease's average Cyclically Adjusted FCF Growth Rate was -8.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -11.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -10.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Global Ship Lease was -11.10% per year. The lowest was -66.70% per year. And the median was -12.55% per year.

As of today (2024-04-27), Global Ship Lease's current stock price is $22.81. Global Ship Lease's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.21. Global Ship Lease's Cyclically Adjusted Price-to-FCF of today is 5.42.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Global Ship Lease was 6.40. The lowest was 0.04. And the median was 1.28.


Global Ship Lease Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Global Ship Lease's Cyclically Adjusted FCF per Share 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.

Global Ship Lease Cyclically Adjusted FCF per Share Chart

Global Ship Lease Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.06 6.12 4.60 4.58 4.21

Global Ship Lease Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 4.58 4.54 4.23 4.24 4.21

Competitive Comparison of Global Ship Lease's Cyclically Adjusted FCF per Share

For the Rental & Leasing Services subindustry, Global Ship Lease'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.


Global Ship Lease's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Global Ship Lease's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Global Ship Lease's Cyclically Adjusted Price-to-FCF falls into.



Global Ship Lease Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Global Ship Lease's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.717/116.4647*116.4647
=2.717

Current CPI (Dec. 2023) = 116.4647.

Global Ship Lease Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 3.006 102.748 3.407
201406 2.535 103.060 2.865
201409 -0.594 102.624 -0.674
201412 3.880 100.254 4.507
201503 -7.797 100.549 -9.031
201506 3.502 100.838 4.045
201509 -6.757 100.856 -7.803
201512 5.411 100.087 6.296
201603 1.026 99.041 1.207
201606 3.781 100.121 4.398
201609 0.828 99.878 0.966
201612 3.732 100.110 4.342
201703 0.934 100.770 1.079
201706 3.700 101.138 4.261
201709 1.419 100.882 1.638
201712 2.900 100.762 3.352
201803 2.712 100.534 3.142
201806 -1.566 102.121 -1.786
201809 2.856 101.982 3.262
201812 0.638 101.330 0.733
201903 2.379 101.482 2.730
201906 -1.293 101.837 -1.479
201909 1.045 101.906 1.194
201912 -1.518 102.120 -1.731
202003 -0.173 101.479 -0.199
202006 0.488 100.239 0.567
202009 1.933 99.886 2.254
202012 0.946 99.751 1.105
202103 0.505 99.817 0.589
202106 -2.394 101.270 -2.753
202109 -7.969 102.095 -9.091
202112 3.077 104.853 3.418
202203 1.203 108.651 1.290
202206 2.159 113.517 2.215
202209 2.973 114.371 3.027
202212 2.375 112.428 2.460
202303 2.306 113.620 2.364
202306 -0.958 115.515 -0.966
202309 2.219 116.234 2.223
202312 2.717 116.465 2.717

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Global Ship Lease  (NYSE:GSL) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Global Ship Lease's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=22.81/4.21
=5.42

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Global Ship Lease was 6.40. The lowest was 0.04. And the median was 1.28.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Global Ship Lease Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Global Ship Lease's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Global Ship Lease (Global Ship Lease) Business Description

Traded in Other Exchanges
Address
25 Wilton Road, London, GBR, SW1V 1LW
Global Ship Lease Inc operates in the container shipping industry. The company owns and charters out containerships under long-term, fixed-rate charters to container liner companies. The majority of the company's revenues are derived from charters to MAERSK. Its fleet consisted of more than 60 containerships.
Executives
Integrated Core Strategies (us) Llc 10 percent owner C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Nisswa Acquisition Master Fund Ltd. 10 percent owner C/O MAPLES CORPORATE SVCS LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Israel A Englander other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Millenco, L.l.c. 10 percent owner C/O MILLENNIUM MANAGEMENT LLC, 666 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10103
Millennium Management Llc other: May be deemed a group member. 399 PARK AVENUE, NEW YORK NY 10022
Integrated Holding Group, L.p. other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC, 666 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10103-0899
Millennium International Management Lp other: May be deemed a group member. 399 PARK AVENUE, NEW YORK NY 10022
Cognizant Holdings, Ltd. other: May be deemed a group member. C/O MILLENNIUM INTERNATIONAL MGMT. LP, 666 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10103
Millennium Group Management Llc other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022