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Hercules Capital (Hercules Capital) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Hercules Capital Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hercules Capital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hercules Capital'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.

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Hercules Capital Cyclically Adjusted Price-to-FCF Chart

Hercules Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Hercules Capital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Hercules Capital's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Hercules Capital'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.


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

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

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



Hercules Capital 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.

Hercules Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Hercules Capital'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)
=0.853/129.4194*129.4194
=0.853

Current CPI (Dec. 2023) = 129.4194.

Hercules Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.572 99.695 0.743
201406 -1.326 100.560 -1.707
201409 0.203 100.428 0.262
201412 0.119 99.070 0.155
201503 -1.778 99.621 -2.310
201506 -0.927 100.684 -1.192
201509 1.424 100.392 1.836
201512 -0.503 99.792 -0.652
201603 -1.158 100.470 -1.492
201606 0.006 101.688 0.008
201609 0.314 101.861 0.399
201612 -1.038 101.863 -1.319
201703 0.143 102.862 0.180
201706 0.678 103.349 0.849
201709 0.109 104.136 0.135
201712 -1.132 104.011 -1.409
201803 0.743 105.290 0.913
201806 -1.800 106.317 -2.191
201809 -0.227 106.507 -0.276
201812 -1.385 105.998 -1.691
201903 -1.468 107.251 -1.771
201906 -1.115 108.070 -1.335
201909 0.234 108.329 0.280
201912 -0.132 108.420 -0.158
202003 -0.227 108.902 -0.270
202006 0.106 108.767 0.126
202009 -0.099 109.815 -0.117
202012 2.028 109.897 2.388
202103 -0.439 111.754 -0.508
202106 0.295 114.631 0.333
202109 0.352 115.734 0.394
202112 0.853 117.630 0.938
202203 -1.595 121.301 -1.702
202206 -0.951 125.017 -0.984
202209 -0.411 125.227 -0.425
202212 -0.491 125.222 -0.507
202303 -0.591 127.348 -0.601
202306 0.939 128.729 0.944
202309 -0.784 129.860 -0.781
202312 0.853 129.419 0.853

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.


Hercules Capital  (NYSE:HTGC) 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.


Hercules Capital Cyclically Adjusted Price-to-FCF Related Terms

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


Hercules Capital (Hercules Capital) Business Description

Traded in Other Exchanges
Address
400 Hamilton Avenue, Suite 310, Palo Alto, CA, USA, 94301
Hercules Capital Inc is a specialty finance company engaged in providing senior secured loans to high-growth, venture capital-backed companies in a variety of technology, life sciences, and sustainable and renewable technology industries. It invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The company lends to and invests in portfolio companies in various technology-related industries including technology, drug discovery and development, biotechnology, life sciences, healthcare, and sustainable and renewable technology.
Executives
Nikos Theodosopoulos director C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Christian Follmann officer: Chief Operating Officer C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Gayle A Crowell director
Wade Loo director C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Scott Bluestein officer: Chief Investment Officer 303 COLUMBUS AVENUE, APT 506, BOSTON MA 02116
Deanne Aguirre director C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Thomas J Fallon director C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Kiersten Zaza Botelho officer: General Counsel & CCO C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Paramjeet K Randhawa director C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Carol L Foster director C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Seth H Meyer officer: Chief Financial Officer C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Jorge Titinger director 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Doreen Woo Ho director C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Waldt Gerard R Jr. officer: Interim Chief Accounting Off 400 HAMILTON AVENUE SUITE 310, PALO ALTO CA 94301
Bradford C. Koenig director C/O GSV CAPITAL CORP., 2925 WOODSIDE ROAD, WOODSIDE CA 94062