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BCG (Binah Capital Group) Free Cash Flow : $0.2 Mil (TTM As of Jun. 2024)


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What is Binah Capital Group Free Cash Flow?

Binah Capital Group's total free cash flow for the months ended in Jun. 2024 was $1.0 Mil. Its total free cash flow for the trailing twelve months (TTM) ended in Jun. 2024 was $0.2 Mil.

Binah Capital Group's Free Cash Flow per Share for the months ended in Jun. 2024 was $0.06. Its free cash flow per share for the trailing twelve months (TTM) ended in Jun. 2024 was $0.02.

During the past 12 months, the average Free Cash Flow per Share Growth Rate of Binah Capital Group was -79.30% per year. During the past 3 years, the average Free Cash Flow per Share Growth Rate was 16.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Free Cash Flow Growth Rate using Free Cash Flow per Share data.

During the past 4 years, Binah Capital Group's highest 3-Year average Free Cash Flow per Share Growth Rate was 16.00% per year. The lowest was 16.00% per year. And the median was 16.00% per year.


Binah Capital Group Free Cash Flow Historical Data

The historical data trend for Binah Capital Group's 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.

Binah Capital Group Free Cash Flow Chart

Binah Capital Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Free Cash Flow
1.58 2.10 5.03 2.47

Binah Capital Group Quarterly Data
Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Free Cash Flow Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.18 0.08 2.27 -3.15 1.01

Binah Capital Group Free Cash Flow Calculation

Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company.

Binah Capital Group's Free Cash Flow for the fiscal year that ended in Dec. 2023 is calculated as

Free Cash Flow (A: Dec. 2023 )=Cash Flow from Operations+Capital Expenditure
=2.553+-0.08
=2.5

Binah Capital Group's Free Cash Flow for the quarter that ended in Jun. 2024 is calculated as

Free Cash Flow (Q: Jun. 2024 )=Cash Flow from Operations+Capital Expenditure
=1.021+-0.007
=1.0

Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.2 Mil.

* 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.


Binah Capital Group  (NAS:BCG) Free Cash Flow Explanation

Free Cash Flow is very close to Warren Buffett's definition of Owner's Earnings, except that in Warren Buffett's Owner's Earnings, the spending for Property, Plant, and Equipment is only for maintenance (replacement), while in the Free Cash Flow calculation, the cost of new Property, Plant, and Equipment due to business expansion is also deducted. There, Free Cash Flow is more conservative than Owner's Earnings.

In Don Yacktman's calculation of forward rate of return, he uses Free Cash Flow for the calculation. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation.

This is what Yacktman said in his March 2012 interview - when the S&P 500 was at 1400:

If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.

The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).

For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over seven years. The reason we use seven years is because research shows that seven years is the length of the typical business cycle.

Therefore, as of Jun24, Binah Capital Group's Forward Rate of Return (Yacktman) % is

Forward Rate of Return (Yacktman) % (Jun24)=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=0/6.2+0
=0.00 %

* 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.


Be Aware

Free Cash Flow within a report period can be affected by management's decisions of capital spending. Therefore, it is important to look at long term when it comes to Free Cash Flow.


Binah Capital Group Free Cash Flow Related Terms

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Binah Capital Group Business Description

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Traded in Other Exchanges
Address
80 State Street, Albany, NY, USA, 12207
Binah Capital Group Inc formerly Wentworth Management Services LLC is a holding company that acquires and manages businesses in the wealth management industry. The company specializes in consolidating independent broker-dealers to capture economies of scale needed to service financial advisors in today's technology-enabled regulatory environment. Wentworth's core philosophy focuses on building long-term, productive relationships with its advisor base.