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Clarke (TSX:CKI) Cyclically Adjusted Price-to-FCF : (As of May. 16, 2024)


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What is Clarke Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Clarke Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Clarke'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.

Clarke Cyclically Adjusted Price-to-FCF Chart

Clarke 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 15.76 24.03 68.98 632.66 917.96

Clarke 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 - - - 917.96 -

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

For the Lodging subindustry, Clarke'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.


Clarke's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Clarke's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Clarke 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.

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

For example, Clarke'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)
=-0.357/125.4675*125.4675
=-0.357

Current CPI (Mar. 2024) = 125.4675.

Clarke Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.064 99.473 0.081
201409 0.159 99.394 0.201
201412 0.049 98.367 0.062
201503 0.135 99.789 0.170
201506 0.119 100.500 0.149
201509 -0.104 100.421 -0.130
201512 0.001 99.947 0.001
201603 -0.122 101.054 -0.151
201606 0.100 102.002 0.123
201609 0.259 101.765 0.319
201612 0.075 101.449 0.093
201703 -0.114 102.634 -0.139
201706 0.114 103.029 0.139
201709 0.221 103.345 0.268
201712 0.090 103.345 0.109
201803 0.235 105.004 0.281
201806 0.323 105.557 0.384
201809 0.254 105.636 0.302
201812 0.059 105.399 0.070
201903 -0.041 106.979 -0.048
201906 0.014 107.690 0.016
201909 0.469 107.611 0.547
201912 -0.023 107.769 -0.027
202003 -0.097 107.927 -0.113
202006 -0.131 108.401 -0.152
202009 -0.040 108.164 -0.046
202012 -0.190 108.559 -0.220
202103 -0.045 110.298 -0.051
202106 -0.417 111.720 -0.468
202109 0.025 112.905 0.028
202112 -0.326 113.774 -0.360
202203 -0.213 117.646 -0.227
202206 -1.006 120.806 -1.045
202209 0.185 120.648 0.192
202212 -0.106 120.964 -0.110
202303 -0.290 122.702 -0.297
202306 -0.165 124.203 -0.167
202309 0.231 125.230 0.231
202312 0.147 125.468 0.147
202403 -0.357 125.468 -0.357

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.


Clarke  (TSX:CKI) 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.


Clarke Cyclically Adjusted Price-to-FCF Related Terms

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Clarke (TSX:CKI) Business Description

Industry
Traded in Other Exchanges
Address
145 Hobsons Lake Drive, Suite 106, Halifax, NS, CAN, B3S 0H9
Clarke Inc is an investment holding company that invests in a diversified group of businesses, operating primarily in Canada. The company operates in two segments namely, Investment and Hospitality. The Investment segment includes investments in a diversified group of businesses, operating primarily in Canada. The Hospitality segment includes the ownership and operation of hotels and the provision of hotel management services to third parties by Holloway. The maximum revenue for the company is generated from the Hospitality Segment.
Executives
Sime Armoyan 10% Security Holder

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