As of today (2024-06-09), GDL Fund's share price is $7.90.
GDL Fund's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $0.78. Hence, GDL Fund's Price-to-Free-Cash-Flow Ratio for today is 10.14.
The historical rank and industry rank for GDL Fund's Price-to-Free-Cash-Flow or its related term are showing as below:
GDL'
s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 1.13 Med: 5.38 Max: 20.22
Current: 10.14
During the past 7 years, GDL Fund's highest Price-to-Free-Cash-Flow Ratio was 20.22. The lowest was 1.13. And the median was 5.38.
GDL's Price-to-Free-Cash-Flow is ranked better than 59.9% of 995
companies
in the Asset Management industry
Industry Median: 12.81
vs GDL: 10.14
During the past 3 years, the average Free Cash Flow per Share Growth Rate was -40.30% per year.
During the past 7 years, GDL Fund's highest 3-Year average Free Cash Flow per Share Growth Rate was 150.40% per year. The lowest was -40.30% per year. And the median was -13.50% per year.
GDL Fund Price-to-Free-Cash-Flow Historical Data
The historical data trend for GDL Fund's Price-to-Free-Cash-Flow 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.
Competitive Comparison of GDL Fund's Price-to-Free-Cash-Flow
For the Asset Management subindustry, GDL Fund's Price-to-Free-Cash-Flow, along with its competitors' market caps and Price-to-Free-Cash-Flow 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.
GDL Fund's Price-to-Free-Cash-Flow Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, GDL Fund's Price-to-Free-Cash-Flow distribution charts can be found below:
* The bar in red indicates where GDL Fund's Price-to-Free-Cash-Flow falls into.
GDL Fund Price-to-Free-Cash-Flow Calculation
GDL Fund's Price-to-Free-Cash-Flow ratio for today is calculated as
GDL Fund's Share Price of today is $7.90.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. GDL Fund's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $0.78.
* 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.
It can also be calculated from the numbers for the whole company:
GDL Fund (NYSE:GDL) Price-to-Free-Cash-Flow Explanation
Free Cash Flow is considered more important than earnings by value investors. The reason is because, in principle, only the net cash that can be taken from the business belongs to shareholders. This Free Cash Flow can be used to grow the business, reduce debt or return to shareholders in dividends or share buybacks.
In a DCF Calculation Free Cash Flow is used to determine the intrinsic value of companies.
Be Aware
In real business, Free Cash Flow can be affected by the change in accounts receivable, accounts payable, management's decision on expansion, etc. Therefore, investors should look at the Free Cash Flow over the longer term. Long-term average of Free Cash Flow is a more reliable indicator for real free cash flow.
GDL Fund Price-to-Free-Cash-Flow Related Terms
Thank you for viewing the detailed overview of GDL Fund's Price-to-Free-Cash-Flow provided by GuruFocus.com. Please click on the following links to see related term pages.
GDL Fund is a diversified closed-end management investment company. Its primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The fund seeks to achieve its objective by investing in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.
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