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SWK Holdings (SWK Holdings) Cyclically Adjusted FCF per Share : $1.52 (As of Mar. 2024)


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What is SWK Holdings 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.

SWK Holdings's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.353. 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 $1.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SWK Holdings's average Cyclically Adjusted FCF Growth Rate was 8.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 21.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 29.30% 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 SWK Holdings was 59.50% per year. The lowest was 21.30% per year. And the median was 46.95% per year.

As of today (2024-05-26), SWK Holdings's current stock price is $17.22. SWK Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.52. SWK Holdings's Cyclically Adjusted Price-to-FCF of today is 11.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SWK Holdings was 80.36. The lowest was 10.72. And the median was 17.83.


SWK Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SWK Holdings'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.

SWK Holdings Cyclically Adjusted FCF per Share Chart

SWK Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.84 1.20 1.38 1.50

SWK Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.40 1.45 1.47 1.50 1.52

Competitive Comparison of SWK Holdings's Cyclically Adjusted FCF per Share

For the Asset Management subindustry, SWK Holdings'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.


SWK Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

* The bar in red indicates where SWK Holdings's Cyclically Adjusted Price-to-FCF falls into.



SWK Holdings 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, SWK Holdings's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.353/131.7762*131.7762
=0.353

Current CPI (Mar. 2024) = 131.7762.

SWK Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.278 100.560 0.364
201409 0.029 100.428 0.038
201412 0.192 99.070 0.255
201503 0.255 99.621 0.337
201506 0.092 100.684 0.120
201509 0.238 100.392 0.312
201512 0.274 99.792 0.362
201603 0.177 100.470 0.232
201606 0.264 101.688 0.342
201609 0.140 101.861 0.181
201612 0.159 101.863 0.206
201703 0.227 102.862 0.291
201706 0.236 103.349 0.301
201709 0.271 104.136 0.343
201712 0.757 104.011 0.959
201803 0.399 105.290 0.499
201806 0.297 106.317 0.368
201809 0.450 106.507 0.557
201812 0.358 105.998 0.445
201903 0.542 107.251 0.666
201906 0.299 108.070 0.365
201909 0.196 108.329 0.238
201912 0.398 108.420 0.484
202003 0.257 108.902 0.311
202006 0.141 108.767 0.171
202009 0.316 109.815 0.379
202012 0.789 109.897 0.946
202103 0.316 111.754 0.373
202106 1.132 114.631 1.301
202109 0.281 115.734 0.320
202112 0.859 117.630 0.962
202203 0.330 121.301 0.358
202206 -0.066 125.017 -0.070
202209 0.131 125.227 0.138
202212 0.219 125.222 0.230
202303 0.051 127.348 0.053
202306 0.355 128.729 0.363
202309 0.293 129.860 0.297
202312 0.439 129.419 0.447
202403 0.353 131.776 0.353

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


SWK Holdings  (NAS:SWKH) 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.

SWK Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=17.22/1.52
=11.33

* 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 SWK Holdings was 80.36. The lowest was 10.72. And the median was 17.83.


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.


SWK Holdings Cyclically Adjusted FCF per Share Related Terms

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


SWK Holdings (SWK Holdings) Business Description

Traded in Other Exchanges
N/A
Address
14755 Preston Road, Suite 105, Dallas, TX, USA, 75254
SWK Holdings Corp is a healthcare capital provider. The company offers financing solutions to various life science companies, institutions, and inventors. It involves monetizing cash flow streams derived from commercial-stage products and related intellectual property through royalty purchases and financings, as well as through the creation of synthetic revenue interests in commercialized products. Through its wholly-owned subsidiary, it also provides non-discretionary investment advisory services to institutional clients. The company's operating segments are Finance Receivables and Pharmaceutical Development Services. It generates maximum revenue from the Finance Receivables segment.
Executives
Jerry Albright director C/O SWK HOLDINGS CORP, 14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Yvette M Heinrichson officer: Chief Financial Officer 14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Staggs Joe David Jr officer: PRESIDENT 14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Marcus Edward Pennington director 2100 MCKINNEY AVENUE, SUITE 1800, DALLAS TX 75201
Wendy F Dicicco director
Robert K. Hatcher director 2929 ALLEN PARKWAY, SUITE 3000, HOUSTON TX 77019
Laurie L. Dotter director 3615 WEST LAWTHER DRIVE, DALLAS TX 75214
Black Winston L Iii officer: Chief Executive Officer 14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Fletcher Aaron G.l. director 40 GUEST STREET, BOSTON MA 02135
Carlson Capital L P director, 10 percent owner, other: See Remarks 2100 MCKINNEY AVE, STE 1900, DALLAS TX 75201
Dana Blair Baker director 200 CRESCENT COURT, SUITE 1450, DALLAS TX 75201
James Brett Pope director, officer: CEO 4020 SAHARA CT., CARROLLTON TX 75010
Edward B Stead director 14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Christopher W Haga director PO BOX 10809, DAYTONA BEACH FL 32120
Black Diamond Offshore Ltd. director, 10 percent owner, other: See Remarks CITCO FUND SERVICES, 89 NEXUS WAY, P.O. BOX 31106, GRAND CAYMAN E9 KY1-1205