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Western Asset Highome Fund II (Western Asset Highome Fund II) Price-to-Free-Cash-Flow : 4.41 (As of Apr. 30, 2024)


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What is Western Asset Highome Fund II Price-to-Free-Cash-Flow?

As of today (2024-04-30), Western Asset Highome Fund II's share price is $4.36. Western Asset Highome Fund II's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Oct. 2023 was $0.99. Hence, Western Asset Highome Fund II's Price-to-Free-Cash-Flow Ratio for today is 4.41.

The historical rank and industry rank for Western Asset Highome Fund II's Price-to-Free-Cash-Flow or its related term are showing as below:

HIX' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 1.18   Med: 7.54   Max: 20.99
Current: 4.45

During the past 6 years, Western Asset Highome Fund II's highest Price-to-Free-Cash-Flow Ratio was 20.99. The lowest was 1.18. And the median was 7.54.

HIX's Price-to-Free-Cash-Flow is ranked better than
85.16% of 1024 companies
in the Asset Management industry
Industry Median: 12.9 vs HIX: 4.45

Western Asset Highome Fund II's Free Cash Flow per Share for the six months ended in Oct. 2023 was $0.08. Its Free Cash Flow per Share for the trailing twelve months (TTM) ended in was $0.99.

During the past 12 months, the average Free Cash Flow per Share Growth Rate of Western Asset Highome Fund II was 270.40% per year. During the past 3 years, the average Free Cash Flow per Share Growth Rate was 0.70% per year. During the past 5 years, the average Free Cash Flow per Share Growth Rate was 14.60% per year.

During the past 6 years, Western Asset Highome Fund II's highest 3-Year average Free Cash Flow per Share Growth Rate was 88.50% per year. The lowest was 0.70% per year. And the median was 19.80% per year.


Western Asset Highome Fund II Price-to-Free-Cash-Flow Historical Data

The historical data trend for Western Asset Highome Fund II'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.

* Premium members only.

Western Asset Highome Fund II Price-to-Free-Cash-Flow Chart

Western Asset Highome Fund II Annual Data
Trend Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Price-to-Free-Cash-Flow
Get a 7-Day Free Trial 19.78 5.92 1.51 9.57 5.21

Western Asset Highome Fund II Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Price-to-Free-Cash-Flow Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 9.57 - 5.21 -

Competitive Comparison of Western Asset Highome Fund II's Price-to-Free-Cash-Flow

For the Asset Management subindustry, Western Asset Highome Fund II'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.


Western Asset Highome Fund II's Price-to-Free-Cash-Flow Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Highome Fund II's Price-to-Free-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Western Asset Highome Fund II's Price-to-Free-Cash-Flow falls into.



Western Asset Highome Fund II Price-to-Free-Cash-Flow Calculation

Western Asset Highome Fund II's Price-to-Free-Cash-Flow ratio for today is calculated as

Price-to-Free-Cash-Flow Ratio=Share Price/ Free Cash Flow per Share (TTM)
=4.36/0.989
=4.41

Western Asset Highome Fund II's Share Price of today is $4.36.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Western Asset Highome Fund II's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Oct. 2023 was $0.99.

* 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:

Price-to-Free-Cash-Flow Ratio=Market Cap/Free Cash Flow

Western Asset Highome Fund II  (NYSE:HIX) 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.


Western Asset Highome Fund II Price-to-Free-Cash-Flow Related Terms

Thank you for viewing the detailed overview of Western Asset Highome Fund II's Price-to-Free-Cash-Flow provided by GuruFocus.com. Please click on the following links to see related term pages.


Western Asset Highome Fund II (Western Asset Highome Fund II) Business Description

Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018
Western Asset High Income Fund II Inc is a diversified closed-end management investment company. Its investment objective is to maximize current income by investing at least 80% of its net assets and borrowings for investment purposes in high-yield debt securities.
Executives
Oliveira Marc De officer: Secretary/Chief Legal Officer C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Hoffmann Courtney A. other: Secretary/GC Subadviser WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Andrew J. Bowden other: COO/Subadviser WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Eileen A Kamerick director 200 NORTH ADAMS STREET, GREEN BAY WI 54301
Daniel P Cronin director 235 EAST 42ND ST, NEW YORK NY 10017
Laura F Fergerson other: Manager/Investment Manager 3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
Brian Eakes other: Manager/Investment Manager 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
George P. Hoyt officer: Secretary and Ch Lgl Officer C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Matthew Nicholls other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson other: Director of Sub-Adviser C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Fred Steven Jensen officer: Chief Compliance Officer LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Christopher Berarducci officer: Treas/Principal Finan Officer LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Nisha Kumar director 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103