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Investec (LSE:INVP) Cyclically Adjusted Price-to-FCF : 5.68 (As of Jun. 08, 2024)


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What is Investec Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Investec's current share price is £5.17. Investec's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 was £0.91. Investec's Cyclically Adjusted Price-to-FCF for today is 5.68.

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

LSE:INVP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.06   Med: 6.11   Max: 9.2
Current: 5.67

During the past 13 years, Investec's highest Cyclically Adjusted Price-to-FCF was 9.20. The lowest was 2.06. And the median was 6.11.

LSE:INVP's Cyclically Adjusted Price-to-FCF is ranked better than
86.31% of 241 companies
in the Capital Markets industry
Industry Median: 18.37 vs LSE:INVP: 5.67

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.

Investec's adjusted free cash flow per share data of for the fiscal year that ended in Mar24 was £0.155. 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 £0.91 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Investec Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Investec'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.

Investec Cyclically Adjusted Price-to-FCF Chart

Investec Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.17 3.92 6.98 4.54 5.86

Investec Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 6.98 - 4.54 - 5.86

Competitive Comparison of Investec's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Investec'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.


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

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

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



Investec 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.

Investec's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.17/0.91
=5.68

* 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.

Investec's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Investec's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=0.155/131.6000*131.6000
=0.155

Current CPI (Mar24) = 131.6000.

Investec Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.604 99.600 0.798
201603 0.653 100.400 0.856
201703 0.772 102.700 0.989
201803 0.455 105.100 0.570
201903 1.361 107.000 1.674
202003 0.577 108.600 0.699
202103 -0.673 109.700 -0.807
202203 3.228 116.500 3.646
202303 0.474 126.800 0.492
202403 0.155 131.600 0.155

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.


Investec  (LSE:INVP) 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.


Investec Cyclically Adjusted Price-to-FCF Related Terms

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


Investec (LSE:INVP) Business Description

Industry
Address
30 Gresham Street, London, GBR, EC2V 7QP
Investec PLC is part of a dual-listed specialized financial services firm that is the controlling company for the group's non-Southern African businesses. The group reports its operating results and formulates its client strategy in a consolidated manner. Investor PLC represents just under half of the group's operating profits. The group's operating profits are derived from its specialist banking division, followed by its asset management business. The specialist banking business generates net interest income through traditional spread lending. It also generates fees from transactional and advisory activities. Both its asset management and wealth management businesses derive their revenue overwhelmingly from fees and commissions.

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