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CapitalSource (FRA:CAU) Cyclically Adjusted Price-to-FCF : (As of May. 19, 2024)


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What is CapitalSource Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


CapitalSource Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CapitalSource'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.

CapitalSource Cyclically Adjusted Price-to-FCF Chart

CapitalSource Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted Price-to-FCF
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CapitalSource Quarterly Data
Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
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Competitive Comparison of CapitalSource's Cyclically Adjusted Price-to-FCF

For the Credit Services subindustry, CapitalSource'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.


CapitalSource's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

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

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



CapitalSource 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.

CapitalSource's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2013 is calculated as:

For example, CapitalSource's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2013 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2013 (Change)*Current CPI (Dec. 2013)
=0.26/98.3259*98.3259
=0.260

Current CPI (Dec. 2013) = 98.3259.

CapitalSource Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200403 0.187 79.066 0.233
200406 0.164 80.037 0.201
200409 0.261 80.121 0.320
200412 0.334 80.290 0.409
200503 0.160 81.555 0.193
200506 0.239 82.062 0.286
200509 0.094 83.876 0.110
200512 -1.783 83.032 -2.111
200603 -0.683 84.298 -0.797
200606 1.025 85.606 1.177
200609 -0.681 85.606 -0.782
200612 0.235 85.142 0.271
200703 0.633 86.640 0.718
200706 -3.822 87.906 -4.275
200709 -0.222 87.964 -0.248
200712 0.316 88.616 0.351
200803 2.076 90.090 2.266
200806 5.791 92.320 6.168
200809 0.218 92.307 0.232
200812 0.061 88.697 0.068
200903 4.204 89.744 4.606
200906 0.522 91.003 0.564
200909 0.219 91.120 0.236
200912 -0.128 91.111 -0.138
201003 -0.111 91.821 -0.119
201006 0.377 91.962 0.403
201009 0.283 92.162 0.302
201012 0.173 92.474 0.184
201103 0.482 94.283 0.503
201106 0.219 95.235 0.226
201109 -0.095 95.727 -0.098
201112 0.070 95.213 0.072
201203 0.300 96.783 0.305
201206 0.095 96.819 0.096
201209 0.202 97.633 0.203
201212 0.311 96.871 0.316
201303 0.219 98.209 0.219
201306 0.366 98.518 0.365
201309 0.145 98.790 0.144
201312 0.260 98.326 0.260

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.


CapitalSource  (FRA:CAU) 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.


CapitalSource Cyclically Adjusted Price-to-FCF Related Terms

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


CapitalSource (FRA:CAU) Business Description

Traded in Other Exchanges
N/A
Address
CapitalSource Inc., incorporated in the state of Delaware. It is a commercial lender that provides financial products to middle market businesses. Through its wholly owned subsidiary, CapitalSource Bank, the Company provides depository products and services in southern and central California. Its main products include: Depository Products and Services; First Mortgage Loans; Senior Secured Asset-Based Loans; Senior Secured Cash Flow Loans; Direct Real Estate Investments; Term B, Second Lien and Mezzanine Loans; Equity Investments; and Residential Mortgage Investments. The Company currently operates as three reportable segments: Commercial Banking, Healthcare Net Lease and Residential Mortgage Investment. Its Commercial Banking segment comprises commercial lending and banking business activities; Healthcare Net Lease segment comprises its direct real estate investment business activities; and Residential Mortgage Investment segment comprises its residential mortgage investment and other investment activities formally engaged in to optimize its REIT qualification. Through Commercial Banking segment activities, the Company provides a range of financial products to middle market businesses and participates in broadly syndicated debt financings for larger businesses. Through Healthcare Net Lease segment activities, it invests in income-producing healthcare facilities, mainly long-term care facilities in the United States. The Company provides lease financing to skilled nursing facilities and, to a lesser extent, assisted living facilities, and long term acute care facilities. In its Commercial Banking and Healthcare Net Lease segments, the Company has three commercial lending businesses: Healthcare and Specialty Finance, which provides first mortgage loans, asset-based revolving lines of credit, and cash flow loans to healthcare businesses and, to a lesser extent, a range of other companies; Corporate Finance, which provides senior and subordinate loans through direct origination and participation in syndicated loan transactions; and Structured Finance, which engages in commercial and residential real estate finance and also provides asset-based lending to finance companies. The Company's markets are competitive and characterized by varying competitive factors. Some of its competitors have considerable market positions. The Company's bank operations are subject to regulation by federal and state regulatory agencies. This regulation is intended mainly for the protection of depositors and the deposit insurance fund, and secondarily for the stability of the U.S. banking system.

CapitalSource (FRA:CAU) Headlines

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