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Cohen (COHN) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


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What is Cohen Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cohen Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cohen'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.

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Cohen Cyclically Adjusted Price-to-FCF Chart

Cohen Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Cohen Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Cohen's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Cohen'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.


Cohen's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cohen's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Cohen 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.

Cohen's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Cohen'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)
=0.892/131.7762*131.7762
=0.892

Current CPI (Mar. 2024) = 131.7762.

Cohen Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.139 100.560 -0.182
201409 -0.961 100.428 -1.261
201412 2.423 99.070 3.223
201503 -4.630 99.621 -6.124
201506 1.154 100.684 1.510
201509 -0.479 100.392 -0.629
201512 2.007 99.792 2.650
201603 -3.858 100.470 -5.060
201606 -0.772 101.688 -1.000
201609 0.244 101.861 0.316
201612 -0.483 101.863 -0.625
201703 -9.936 102.862 -12.729
201706 -0.702 103.349 -0.895
201709 0.841 104.136 1.064
201712 6.880 104.011 8.717
201803 2.707 105.290 3.388
201806 4.294 106.317 5.322
201809 -7.854 106.507 -9.717
201812 -4.135 105.998 -5.141
201903 -5.576 107.251 -6.851
201906 0.387 108.070 0.472
201909 -0.361 108.329 -0.439
201912 -3.703 108.420 -4.501
202003 16.343 108.902 19.776
202006 28.825 108.767 34.923
202009 -18.367 109.815 -22.040
202012 -55.750 109.897 -66.849
202103 -5.607 111.754 -6.612
202106 0.827 114.631 0.951
202109 4.891 115.734 5.569
202112 3.805 117.630 4.263
202203 10.073 121.301 10.943
202206 -1.632 125.017 -1.720
202209 -1.038 125.227 -1.092
202212 -19.472 125.222 -20.491
202303 -5.067 127.348 -5.243
202306 -5.316 128.729 -5.442
202309 -0.107 129.860 -0.109
202312 -2.336 129.419 -2.379
202403 0.892 131.776 0.892

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.


Cohen  (AMEX:COHN) 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.


Cohen Cyclically Adjusted Price-to-FCF Related Terms

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Cohen (COHN) Business Description

Traded in Other Exchanges
N/A
Address
2929 Arch Street, Cira Centre, Suite 1703, Philadelphia, PA, USA, 19104-2870
Cohen & Co Inc is a United states company that delivers financial services in fixed income markets. It is focused on small-cap banking institutions and has grown to provide an expanding range of capital markets and asset management services. It has three business segments. The Capital Markets segment, which is the key revenue driver, consists of fixed income sales, trading, matched book repo financing, new issue placements in corporate and securitized products, and advisory services. The Asset Management segment manages assets within collateralized debt obligations, managed accounts, joint ventures, and investment funds. The Principal Investing segment is comprised of investments to earn return rather than to support trading, matched book repo, or other Capital Markets segment activities.
Executives
G Steven Dawson director CIRA CENTRE, 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Douglas Listman officer: Chief Accounting Officer 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Daniel G Cohen director, 10 percent owner, officer: Vice Chairman and CE Europe 712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Lester Raymond Brafman officer: Chief Executive Officer C/O INSTITUTIONAL FINANCIAL MARKETS, INC, 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104
Pooler Joseph W. Jr. officer: EVP, CFO and Treasurer 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Christopher Ricciardi director, other: Former10% Owner 51 SHELLBARK LANE, BRIARCLIFF MANOR NY 10510
Stephanie Ricciardi other: Former 10% Owner C/O MR. RICCIARDI COHEN & COMPANY INC., 135 EAST 57TH STREET, 21ST FLOOR, NEW YORK NY 10022
Neil S Subin director 2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996
Thomas Costello director CIRA CENTRE, 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
James Mcentee director CIRA CENTRE, 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Diana Louise Liberto director C/O INSTITUTIONAL FINANCIAL MARKETS, INC, CIRA CENTER, 2929 ARCH STREET, 17TH FL., PHILADELPHIA PA 19103
Jack Dimaio director C/O DIMAIO AHMAD CAPITAL LLC, 245 PARK AVENUE, NEW YORK NY 10167
Mead Park Capital Partners Llc 10 percent owner 126 EAST 56TH STREET, NEW YORK NY 10022
Edward E Cohen 10 percent owner RESOURCE AMERICA INC, 1845 WALNUT ST, PHILADELPHIA PA 19103
Ebc 2013 Family Trust 10 percent owner 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104