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Invesco (BSP:I1VZ34) Cyclically Adjusted Price-to-FCF : 6.36 (As of Apr. 28, 2024)


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What is Invesco Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Invesco's current share price is R$75.11. Invesco's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$11.81. Invesco's Cyclically Adjusted Price-to-FCF for today is 6.36.

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

BSP:I1VZ34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.35   Med: 12.68   Max: 38.43
Current: 5.8

During the past years, Invesco's highest Cyclically Adjusted Price-to-FCF was 38.43. The lowest was 3.35. And the median was 12.68.

BSP:I1VZ34's Cyclically Adjusted Price-to-FCF is ranked better than
80.87% of 507 companies
in the Asset Management industry
Industry Median: 20.19 vs BSP:I1VZ34: 5.80

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.

Invesco's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$-0.597. 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 R$11.81 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Invesco Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Invesco'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.

Invesco Cyclically Adjusted Price-to-FCF Chart

Invesco 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 9.16 8.06 10.02 7.66 7.23

Invesco 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 6.55 7.05 6.09 7.23 6.56

Competitive Comparison of Invesco's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Invesco'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.


Invesco's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Invesco 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=75.11/11.81
=6.36

* 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.

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

For example, Invesco'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)
=-0.597/129.4194*129.4194
=-0.597

Current CPI (Mar. 2024) = 129.4194.

Invesco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.905 100.560 5.026
201409 2.377 100.428 3.063
201412 0.855 99.070 1.117
201503 -0.591 99.621 -0.768
201506 3.601 100.684 4.629
201509 0.554 100.392 0.714
201512 5.044 99.792 6.541
201603 -0.528 100.470 -0.680
201606 1.739 101.688 2.213
201609 2.698 101.861 3.428
201612 0.218 101.863 0.277
201703 0.785 102.862 0.988
201706 1.854 103.349 2.322
201709 2.801 104.136 3.481
201712 2.854 104.011 3.551
201803 -0.580 105.290 -0.713
201806 3.856 106.317 4.694
201809 2.411 106.507 2.930
201812 1.255 105.998 1.532
201903 -1.352 107.251 -1.631
201906 3.910 108.070 4.682
201909 2.605 108.329 3.112
201912 3.571 108.420 4.263
202003 -1.024 108.902 -1.217
202006 3.472 108.767 4.131
202009 4.374 109.815 5.155
202012 5.834 109.897 6.870
202103 -0.572 111.754 -0.662
202106 5.186 114.631 5.855
202109 6.514 115.734 7.284
202112 -0.478 117.630 -0.526
202203 -4.297 121.301 -4.585
202206 0.988 125.017 1.023
202209 4.899 125.227 5.063
202212 4.471 125.222 4.621
202303 -1.555 127.348 -1.580
202306 3.011 128.729 3.027
202309 3.432 129.860 3.420
202312 7.287 129.419 7.287
202403 -0.597 129.419 -0.597

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.


Invesco  (BSP:I1VZ34) 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.


Invesco Cyclically Adjusted Price-to-FCF Related Terms

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


Invesco (BSP:I1VZ34) Business Description

Traded in Other Exchanges
Address
1555 Peachtree Street, N.E., Suite 1800, Two Peachtree Pointe, Atlanta, GA, USA, 30309
Invesco provides investment-management services to retail (63% of managed assets) and institutional (37%) clients. At the end of October 2023, the firm had $1.451 trillion in assets under management spread among its equity (49% of AUM), balanced (4%), fixed-income (21%), alternative investment (12%), and money market (14%) operations. Passive products account for 35% of Invesco's total AUM, including 62% of the company's equity operations and 15% of its fixed-income platform. Invesco's U.S. retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside of North America, with 28% of its AUM sourced from Europe, Africa, and the Middle East (13%) and Asia (15%).

Invesco (BSP:I1VZ34) Headlines

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