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Close Brothers Group (CHIX:CBGL) Cyclically Adjusted Price-to-FCF : 3.12 (As of May. 24, 2024)


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What is Close Brothers Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Close Brothers Group's current share price is £4.648. Close Brothers Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul23 was £1.49. Close Brothers Group's Cyclically Adjusted Price-to-FCF for today is 3.12.

The historical rank and industry rank for Close Brothers Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CHIX:CBGl' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.01   Med: 15.05   Max: 71.74
Current: 3.23

During the past 13 years, Close Brothers Group's highest Cyclically Adjusted Price-to-FCF was 71.74. The lowest was 2.01. And the median was 15.05.

CHIX:CBGl's Cyclically Adjusted Price-to-FCF is ranked better than
79.31% of 836 companies
in the Banks industry
Industry Median: 7.43 vs CHIX:CBGl: 3.23

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.

Close Brothers Group's adjusted free cash flow per share data of for the fiscal year that ended in Jul23 was £6.414. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is £1.49 for the trailing ten years ended in Jul23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Close Brothers Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Close Brothers Group's Cyclically Adjusted Price-to-FCF 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.

Close Brothers Group Cyclically Adjusted Price-to-FCF Chart

Close Brothers Group Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.89 14.21 19.10 11.86 6.15

Close Brothers Group Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Cyclically Adjusted Price-to-FCF 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 - 11.86 - 6.15 -

Competitive Comparison of Close Brothers Group's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Close Brothers Group'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.


Close Brothers Group's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Close Brothers Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Close Brothers Group's Cyclically Adjusted Price-to-FCF falls into.



Close Brothers Group Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Close Brothers Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.648/1.49
=3.12

* 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.

Close Brothers Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul23 is calculated as:

For example, Close Brothers Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jul23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jul23 (Change)*Current CPI (Jul23)
=6.414/129.0000*129.0000
=6.414

Current CPI (Jul23) = 129.0000.

Close Brothers Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 2.095 99.600 2.713
201507 -0.346 100.000 -0.446
201607 -0.360 100.900 -0.460
201707 0.532 103.500 0.663
201807 1.730 105.900 2.107
201907 -0.176 108.000 -0.210
202007 2.514 109.200 2.970
202107 0.412 111.400 0.477
202207 0.667 121.200 0.710
202307 6.414 129.000 6.414

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


Close Brothers Group  (CHIX:CBGl) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Close Brothers Group Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Close Brothers Group's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Close Brothers Group (CHIX:CBGL) Business Description

Traded in Other Exchanges
Address
10 Crown Place, London, GBR, EC2A 4FT
Close Brothers Group PLC is a merchant banking group providing lending, deposit solutions, wealth management services, and securities trading. The company mostly provides services to small businesses and individuals in the United Kingdom. Its strategy focuses on niche markets to drive high levels of repeat business with clients. The company distributes its service offerings with a direct salesforce and an intermediated distribution network. Its banking division provides asset, invoice, motor, premium, and property finance. Close Brothers' security business is primarily a liquidity provider to U.K. retail stockbrokers and institutions. The group's asset management division offers financial planning and investment management services.

Close Brothers Group (CHIX:CBGL) Headlines

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