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MidCap Financial Investment (MidCap Financial Investment) Cyclically Adjusted Price-to-FCF : 5.92 (As of Jun. 06, 2024)


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What is MidCap Financial Investment Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), MidCap Financial Investment's current share price is $16.16. MidCap Financial Investment's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.73. MidCap Financial Investment's Cyclically Adjusted Price-to-FCF for today is 5.92.

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

MFIC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.56   Med: 7.48   Max: 81.43
Current: 5.85

During the past years, MidCap Financial Investment's highest Cyclically Adjusted Price-to-FCF was 81.43. The lowest was 4.56. And the median was 7.48.

MFIC's Cyclically Adjusted Price-to-FCF is ranked better than
79.92% of 503 companies
in the Asset Management industry
Industry Median: 20.26 vs MFIC: 5.85

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.

MidCap Financial Investment's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.144. 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 $2.73 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MidCap Financial Investment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MidCap Financial Investment'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.

MidCap Financial Investment Cyclically Adjusted Price-to-FCF Chart

MidCap Financial Investment Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.90 47.33 7.74 8.85 5.72

MidCap Financial Investment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 5.94 5.94 6.62 5.72 5.51

Competitive Comparison of MidCap Financial Investment's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, MidCap Financial Investment'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.


MidCap Financial Investment's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, MidCap Financial Investment's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



MidCap Financial Investment 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.

MidCap Financial Investment's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=16.16/2.73
=5.92

* 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.

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

For example, MidCap Financial Investment'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)
=0.144/131.7762*131.7762
=0.144

Current CPI (Mar. 2024) = 131.7762.

MidCap Financial Investment Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.842 100.560 -2.414
201409 0.404 100.428 0.530
201412 0.620 99.070 0.825
201503 1.451 99.621 1.919
201506 2.240 100.684 2.932
201509 1.053 100.392 1.382
201512 0.724 99.792 0.956
201603 1.602 100.470 2.101
201606 3.917 101.688 5.076
201609 2.051 101.861 2.653
201612 0.197 101.863 0.255
201703 2.456 102.862 3.146
201706 -0.092 103.349 -0.117
201709 1.496 104.136 1.893
201712 0.212 104.011 0.269
201803 2.017 105.290 2.524
201806 -3.870 106.317 -4.797
201809 2.928 106.507 3.623
201812 0.333 105.998 0.414
201903 -1.249 107.251 -1.535
201906 -2.708 108.070 -3.302
201909 -2.731 108.329 -3.322
201912 -2.111 108.420 -2.566
202003 0.423 108.902 0.512
202006 1.088 108.767 1.318
202009 2.741 109.815 3.289
202012 2.353 109.897 2.821
202103 1.030 111.754 1.215
202106 -0.075 114.631 -0.086
202109 -1.601 115.734 -1.823
202112 0.846 117.630 0.948
202203 0.783 121.301 0.851
202206 -0.339 125.017 -0.357
202209 1.680 125.227 1.768
202212 1.102 125.222 1.160
202303 0.701 127.348 0.725
202306 0.127 128.729 0.130
202309 0.977 129.860 0.991
202312 1.202 129.419 1.224
202403 0.144 131.776 0.144

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.


MidCap Financial Investment  (NAS:MFIC) 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.


MidCap Financial Investment Cyclically Adjusted Price-to-FCF Related Terms

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


MidCap Financial Investment (MidCap Financial Investment) Business Description

Traded in Other Exchanges
Address
9 West 57th Street, 37th Floor, New York, NY, USA, 10019
MidCap Financial Investment Corp is an externally managed, publicly traded, Business Development Company, focused on providing senior debt solutions to middle market companies.
Executives
Ryan Delgiudice officer: Chief Compliance Officer 1520 E. GRAND AVENUE, EL SEGUNDO CA 90245
Mcnulty Ted Aymond Jr. officer: President 9 WEST 57TH STREET, NEW YORK NY 10019
Tanner Powell officer: Chief Executive Officer C/O APOLLO INVESTMENT CORPORATION, 9 W. 57TH STREET, NEW YORK NY 10019
Emanuel R Pearlman director 250 EAST 79TH STREET, NEW YORK NY 10075
Whonder Carmencita N.m. director 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Howard Widra officer: President 9 WEST 57TH STREET, 37TH FLOOR, NEW YORK NY 10019
Kristin Hester officer: See Remarks 9 WEST 57TH STREET, NEW YORK NY 10019
John J Hannan director 9 WEST 57TH STREET, NEW YORK NY 10019
Barbara Ruth Matas director 9800 59TH AVENUE NORTH, MINNEAPOLIS MN 55442
Elliot Jr Stein director C/ COMMONWEALTH CAPITAL PARTNERS, 444 MADISON AVE, NEW YORK NY 10022
Amit Joshi officer: Chief Accounting Officer APOLLO INVESTMENT CORP., 9 WEST 57TH STREET, NEW YORK NY 10019
Hilary E. Ackermann director 601 TRAVIS, SUITE 1400, HOUSTON TX 77002
Frank C Puleo director 7425 PURPLE SAGE, GLENWILD, PARK CITY UT 84098
James C Zelter director, officer: Chief Executive Officer APOLLO INVESTMENT CORPORATION, 9 WEST 57TH STREET, 14TH FLOOR, NEW YORK NY 10019
Gregory W. Hunt officer: CFO & TREASURER 730 5TH AVENUE, NEW YORK NY 10019

MidCap Financial Investment (MidCap Financial Investment) Headlines

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