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Henderson Far Eastome (LSE:HFEL) Cyclically Adjusted FCF per Share : £0.12 (As of Feb. 2024)


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What is Henderson Far Eastome Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Henderson Far Eastome's adjusted free cash flow per share data for the fiscal year that ended in Aug. 2023 was £0.204. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is £0.12 for the trailing ten years ended in Aug. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 26.00% 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 Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Henderson Far Eastome was 65.10% per year. The lowest was 26.00% per year. And the median was 45.55% per year.

As of today (2024-05-20), Henderson Far Eastome's current stock price is £ 2.39. Henderson Far Eastome's Cyclically Adjusted FCF per Share for the fiscal year that ended in Aug. 2023 was £0.12. Henderson Far Eastome's Cyclically Adjusted Price-to-FCF of today is 19.92.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Henderson Far Eastome was 188.00. The lowest was 16.79. And the median was 53.83.


Henderson Far Eastome Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Henderson Far Eastome's Cyclically Adjusted FCF per Share 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.

Henderson Far Eastome Cyclically Adjusted FCF per Share Chart

Henderson Far Eastome Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.06 0.05 0.09 0.12

Henderson Far Eastome Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
Cyclically Adjusted FCF per Share 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 - 0.09 - 0.12 -

Competitive Comparison of Henderson Far Eastome's Cyclically Adjusted FCF per Share

For the Asset Management subindustry, Henderson Far Eastome'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.


Henderson Far Eastome's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Henderson Far Eastome's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Henderson Far Eastome Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Henderson Far Eastome's adjusted Free Cash Flow per Share data for the fiscal year that ended in Aug. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Aug. 2023 (Change)*Current CPI (Aug. 2023)
=0.204/129.4000*129.4000
=0.204

Current CPI (Aug. 2023) = 129.4000.

Henderson Far Eastome Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201408 0.119 99.900 0.154
201508 0.041 100.300 0.053
201608 0.193 101.200 0.247
201708 0.094 104.000 0.117
201808 0.050 106.500 0.061
201908 0.117 108.300 0.140
202008 0.013 108.800 0.015
202108 -0.034 112.100 -0.039
202208 0.242 121.800 0.257
202308 0.204 129.400 0.204

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Henderson Far Eastome  (LSE:HFEL) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Henderson Far Eastome's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.39/0.12
=19.92

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Henderson Far Eastome was 188.00. The lowest was 16.79. And the median was 53.83.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Henderson Far Eastome Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Henderson Far Eastome's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Henderson Far Eastome (LSE:HFEL) Business Description

Traded in Other Exchanges
Address
201 Bishopsgate, London, GBR, EC2M 3AE
Henderson Far East Income Ltd is a closed end investment company. Its investment objective is to provide investors with a high level of dividends as well as capital appreciation over the long term, from a diversified portfolio of investments traded on the Pacific, Australasian, Japanese, and Indian stock markets. The company mainly invests in listed equities including preference shares, debt, convertible securities, warrants and other equity related securities as well as in unlisted securities which invest in collective investment schemes. It may use derivatives and other instruments to enhance income and to protect the value of the portfolio. The company's majority of its revenue comprises interest income and dividend income earned from an investment portfolio.

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