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Oaktree Specialty Lending (FRA:FFC) Cyclically Adjusted Price-to-FCF : (As of May. 03, 2024)


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What is Oaktree Specialty Lending Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Oaktree Specialty Lending Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Oaktree Specialty Lending'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.

Oaktree Specialty Lending Cyclically Adjusted Price-to-FCF Chart

Oaktree Specialty Lending Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 28.15

Oaktree Specialty Lending 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 115.19 63.95 28.15 10.39 7.31

Competitive Comparison of Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF

For the Credit Services subindustry, Oaktree Specialty Lending'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.


Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Oaktree Specialty Lending 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.

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

For example, Oaktree Specialty Lending'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)
=-0.203/129.4194*129.4194
=-0.203

Current CPI (Mar. 2024) = 129.4194.

Oaktree Specialty Lending Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.612 100.560 2.075
201409 1.508 100.428 1.943
201412 -3.296 99.070 -4.306
201503 2.979 99.621 3.870
201506 4.921 100.684 6.325
201509 -1.755 100.392 -2.262
201512 0.263 99.792 0.341
201603 1.204 100.470 1.551
201606 -0.063 101.688 -0.080
201609 1.533 101.861 1.948
201612 3.565 101.863 4.529
201703 2.165 102.862 2.724
201706 0.744 103.349 0.932
201709 2.853 104.136 3.546
201712 1.090 104.011 1.356
201803 0.313 105.290 0.385
201806 0.632 106.317 0.769
201809 -1.093 106.507 -1.328
201812 1.625 105.998 1.984
201903 -0.229 107.251 -0.276
201906 1.150 108.070 1.377
201909 1.546 108.329 1.847
201912 -0.833 108.420 -0.994
202003 -1.504 108.902 -1.787
202006 -1.629 108.767 -1.938
202009 0.991 109.815 1.168
202012 0.281 109.897 0.331
202103 -2.219 111.754 -2.570
202106 1.066 114.631 1.204
202109 -2.749 115.734 -3.074
202112 0.341 117.630 0.375
202203 -1.361 121.301 -1.452
202206 0.367 125.017 0.380
202209 1.094 125.227 1.131
202212 -1.697 125.222 -1.754
202303 0.589 127.348 0.599
202306 0.583 128.729 0.586
202309 2.959 129.860 2.949
202312 0.013 129.419 0.013
202403 -0.203 129.419 -0.203

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.


Oaktree Specialty Lending  (FRA:FFC) 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.


Oaktree Specialty Lending Cyclically Adjusted Price-to-FCF Related Terms

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


Oaktree Specialty Lending (FRA:FFC) Business Description

Traded in Other Exchanges
Address
333 South Grand Avenue, 28th Floor, Los Angeles, CA, USA, 90071
Oaktree Specialty Lending Corp is a specialty finance company. It provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. Its investments generally range in size from ten million dollars to hundred million dollars and are principally in the form of the first lien, second lien, or collectively, senior secured, and subordinated debt investments, which may also include an equity component made in connection with investments by private equity sponsors.