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Boston Pizza Royaltiesome Fund (TSX:BPF.UN) Cyclically Adjusted Price-to-FCF : 9.65 (As of Apr. 27, 2024)


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What is Boston Pizza Royaltiesome Fund Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Boston Pizza Royaltiesome Fund's current share price is C$15.82. Boston Pizza Royaltiesome Fund's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$1.64. Boston Pizza Royaltiesome Fund's Cyclically Adjusted Price-to-FCF for today is 9.65.

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

TSX:BPF.UN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.67   Med: 12.08   Max: 17.92
Current: 9.6

During the past years, Boston Pizza Royaltiesome Fund's highest Cyclically Adjusted Price-to-FCF was 17.92. The lowest was 3.67. And the median was 12.08.

TSX:BPF.UN's Cyclically Adjusted Price-to-FCF is ranked better than
73.73% of 118 companies
in the Restaurants industry
Industry Median: 15.395 vs TSX:BPF.UN: 9.60

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.

Boston Pizza Royaltiesome Fund's adjusted free cash flow per share data for the three months ended in Dec. 2023 was C$0.378. 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 C$1.64 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boston Pizza Royaltiesome Fund Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Boston Pizza Royaltiesome Fund'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.

Boston Pizza Royaltiesome Fund Cyclically Adjusted Price-to-FCF Chart

Boston Pizza Royaltiesome Fund 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 8.51 7.18 10.21 9.37 9.35

Boston Pizza Royaltiesome Fund 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 9.37 9.24 10.13 9.22 9.35

Competitive Comparison of Boston Pizza Royaltiesome Fund's Cyclically Adjusted Price-to-FCF

For the Restaurants subindustry, Boston Pizza Royaltiesome Fund'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.


Boston Pizza Royaltiesome Fund's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Boston Pizza Royaltiesome Fund's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Boston Pizza Royaltiesome Fund's Cyclically Adjusted Price-to-FCF falls into.



Boston Pizza Royaltiesome Fund 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.

Boston Pizza Royaltiesome Fund's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.82/1.64
=9.65

* 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.

Boston Pizza Royaltiesome Fund's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Boston Pizza Royaltiesome Fund'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)
=0.378/125.4675*125.4675
=0.378

Current CPI (Dec. 2023) = 125.4675.

Boston Pizza Royaltiesome Fund Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.328 98.604 0.417
201406 0.365 99.473 0.460
201409 0.393 99.394 0.496
201412 0.366 98.367 0.467
201503 0.342 99.789 0.430
201506 0.392 100.500 0.489
201509 0.402 100.421 0.502
201512 0.430 99.947 0.540
201603 0.364 101.054 0.452
201606 0.392 102.002 0.482
201609 0.408 101.765 0.503
201612 0.450 101.449 0.557
201703 0.359 102.634 0.439
201706 0.385 103.029 0.469
201709 0.408 103.345 0.495
201712 0.359 103.345 0.436
201803 0.334 105.004 0.399
201806 0.361 105.557 0.429
201809 0.385 105.636 0.457
201812 0.359 105.399 0.427
201903 0.334 106.979 0.392
201906 0.361 107.690 0.421
201909 0.380 107.611 0.443
201912 0.349 107.769 0.406
202003 0.381 107.927 0.443
202006 -0.029 108.401 -0.034
202009 0.250 108.164 0.290
202012 0.318 108.559 0.368
202103 0.239 110.298 0.272
202106 0.249 111.720 0.280
202109 0.387 112.905 0.430
202112 0.344 113.774 0.379
202203 0.262 117.646 0.279
202206 0.342 120.806 0.355
202209 0.390 120.648 0.406
202212 0.360 120.964 0.373
202303 0.363 122.702 0.371
202306 0.394 124.203 0.398
202309 0.393 125.230 0.394
202312 0.378 125.468 0.378

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.


Boston Pizza Royaltiesome Fund  (TSX:BPF.UN) 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.


Boston Pizza Royaltiesome Fund Cyclically Adjusted Price-to-FCF Related Terms

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Boston Pizza Royaltiesome Fund (TSX:BPF.UN) Business Description

Traded in Other Exchanges
Address
13571 Commerce Parkway, Suite 201, Richmond, BC, CAN, V6V 2R2
Boston Pizza Royalties Income Fund is a limited-purpose open-ended trust. It is engaged in the operation and franchising of Boston Pizza restaurants in Canada. The Trust distributes all available cash from operations to the Trust unitholders to the maximum extent possible. The company receives revenue in the form of royalty income.

Boston Pizza Royaltiesome Fund (TSX:BPF.UN) Headlines

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