GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hamilton Lane Inc (NAS:HLNE) » Definitions » Cyclically Adjusted Price-to-FCF

Hamilton Lane (Hamilton Lane) Cyclically Adjusted Price-to-FCF : 21.77 (As of Apr. 28, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Hamilton Lane Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Hamilton Lane's current share price is $114.53. Hamilton Lane's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was $5.26. Hamilton Lane's Cyclically Adjusted Price-to-FCF for today is 21.77.

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

HLNE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.2   Med: 13.68   Max: 21.77
Current: 21.77

During the past 10 years, Hamilton Lane's highest Cyclically Adjusted Price-to-FCF was 21.77. The lowest was 12.20. And the median was 13.68.

HLNE's Cyclically Adjusted Price-to-FCF is ranked worse than
53.06% of 507 companies
in the Asset Management industry
Industry Median: 20.19 vs HLNE: 21.77

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.

Hamilton Lane's adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was $4.131. 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 $5.26 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hamilton Lane Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hamilton Lane'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.

Hamilton Lane Cyclically Adjusted Price-to-FCF Chart

Hamilton Lane Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 14.06

Hamilton Lane Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - 14.06 - - -

Competitive Comparison of Hamilton Lane's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Hamilton Lane'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.


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

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

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



Hamilton Lane 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=114.53/5.26
=21.77

* 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.

Hamilton Lane's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Hamilton Lane's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=4.131/127.3478*127.3478
=4.131

Current CPI (Mar23) = 127.3478.

Hamilton Lane Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 3.828 99.695 4.890
201503 4.278 99.621 5.469
201603 6.341 100.470 8.037
201703 4.384 102.862 5.428
201803 4.973 105.290 6.015
201903 4.373 107.251 5.192
202003 3.876 108.902 4.533
202103 5.051 111.754 5.756
202203 3.000 121.301 3.150
202303 4.131 127.348 4.131

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.


Hamilton Lane  (NAS:HLNE) 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.


Hamilton Lane Cyclically Adjusted Price-to-FCF Related Terms

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


Hamilton Lane (Hamilton Lane) Business Description

Traded in Other Exchanges
Address
110 Washington Street, Suite 1300, Conshohocken, PA, USA, 19428
Hamilton Lane Inc is a private market investment solutions provider in the United States. It works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world. The company offers a range of investment solutions across a range of private markets, including private equity, private credit, real estate, infrastructure, natural resources, growth equity and venture capital.
Executives
Drew Thomas Carl officer: Principal Accounting Officer 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428-2053
Atul Varma officer: Chief Financial Officer 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Jeffrey Brian Armbrister officer: Chief Financial Officer 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428-2053
Oakville Number 2 Trust 10 percent owner 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Reynoldo Vann Graves director 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Juan Delgado-moreira 10 percent owner, officer: Managing Director 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Hartley R. Rogers director, 10 percent owner, officer: Chairman 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Leslie F Varon director 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Tara Blackburn 10 percent owner ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CNYWYD PA 19004
Michael John Kelly 10 percent owner ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CYNWYD PA 19004
Edward B. Whittemore 10 percent owner 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Laurence Whittemore 10 percent owner ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CYNWYD PA 19004
Initial Trust Under The Frederick B. Whittemore 2008 Children's Trust Agreement Dated 11/25/2008 10 percent owner ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CYNWYD PA 19004
2008 Sexton Des. Trust Fbo Laura Sexton 10 percent owner 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
2008 Sexton Des. Trust Fbo Matthew Sexton 10 percent owner 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428

Hamilton Lane (Hamilton Lane) Headlines