GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Henderson Far East Income Ltd (LSE:HFEL) » Definitions » Cyclically Adjusted Price-to-FCF

Henderson Far Eastome (LSE:HFEL) Cyclically Adjusted Price-to-FCF : 19.33 (As of May. 31, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Henderson Far Eastome Cyclically Adjusted Price-to-FCF?

As of today (2024-05-31), Henderson Far Eastome's current share price is £2.32. Henderson Far Eastome's Cyclically Adjusted FCF per Share for the fiscal year that ended in Aug23 was £0.12. Henderson Far Eastome's Cyclically Adjusted Price-to-FCF for today is 19.33.

The historical rank and industry rank for Henderson Far Eastome's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LSE:HFEL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.79   Med: 53.79   Max: 188
Current: 19.24

During the past 13 years, Henderson Far Eastome's highest Cyclically Adjusted Price-to-FCF was 188.00. The lowest was 16.79. And the median was 53.79.

LSE:HFEL's Cyclically Adjusted Price-to-FCF is ranked better than
50.5% of 499 companies
in the Asset Management industry
Industry Median: 19.83 vs LSE:HFEL: 19.24

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 adjusted free cash flow per share data of for the fiscal year that ended in Aug23 was £0.204. 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 £0.12 for the trailing ten years ended in Aug23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Henderson Far Eastome Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Henderson Far Eastome'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.

Henderson Far Eastome Cyclically Adjusted Price-to-FCF Chart

Henderson Far Eastome Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 158.02 48.89 56.69 31.01 18.04

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 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 - 31.01 - 18.04 -

Competitive Comparison of Henderson Far Eastome's Cyclically Adjusted Price-to-FCF

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 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.32/0.12
=19.33

* 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.

Henderson Far Eastome's Cyclically Adjusted FCF per Share for the fiscal year that ended in Aug23 is calculated as:

For example, Henderson Far Eastome's adjusted Free Cash Flow per Share data for the fiscal year that ended in Aug23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Aug23 (Change)*Current CPI (Aug23)
=0.204/129.4000*129.4000
=0.204

Current CPI (Aug23) = 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.

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.


Henderson Far Eastome  (LSE:HFEL) 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.


Henderson Far Eastome Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Henderson Far Eastome's Cyclically Adjusted Price-to-FCF 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.

Henderson Far Eastome (LSE:HFEL) Headlines

No Headlines