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North American Financial 15 Split (TSX:FFN) Cyclically Adjusted Price-to-FCF : (As of May. 15, 2024)


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What is North American Financial 15 Split Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


North American Financial 15 Split Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for North American Financial 15 Split'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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North American Financial 15 Split Cyclically Adjusted Price-to-FCF Chart

North American Financial 15 Split Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted Price-to-FCF
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North American Financial 15 Split Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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Competitive Comparison of North American Financial 15 Split's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, North American Financial 15 Split'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.


North American Financial 15 Split's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, North American Financial 15 Split's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where North American Financial 15 Split's Cyclically Adjusted Price-to-FCF falls into.



North American Financial 15 Split 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.

North American Financial 15 Split's Cyclically Adjusted FCF per Share for the fiscal year that ended in Nov23 is calculated as:

For example, North American Financial 15 Split's adjusted Free Cash Flow per Share data for the fiscal year that ended in Nov23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Nov23 (Change)*Current CPI (Nov23)
=0.191/125.4675*125.4675
=0.191

Current CPI (Nov23) = 125.4675.

North American Financial 15 Split Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201411 -5.091 99.078 -6.447
201511 -1.249 100.421 -1.561
201611 1.081 101.607 1.335
201711 -8.358 103.740 -10.109
201811 -2.671 105.478 -3.177
201911 1.628 107.769 1.895
202011 2.771 108.796 3.196
202111 -9.392 113.932 -10.343
202211 -3.789 121.675 -3.907
202311 0.191 125.468 0.191

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.


North American Financial 15 Split  (TSX:FFN) 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.


North American Financial 15 Split Cyclically Adjusted Price-to-FCF Related Terms

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North American Financial 15 Split (TSX:FFN) Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
North American Financial 15 Split Corp is an investment company. It invests in an actively managed portfolio of common shares comprised of core large-capitalization Canadian and United States financial services companies. It also invests in equity securities of issuers. The company's investment objective is to provide holders of Preferred Shares with cumulative preferential monthly cash dividends and to provide holders of Class A shares with regular monthly cash distributions.

North American Financial 15 Split (TSX:FFN) Headlines

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