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First Growth Funds (First Growth Funds) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is First Growth Funds Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


First Growth Funds Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Growth Funds'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.

First Growth Funds Cyclically Adjusted Price-to-FCF Chart

First Growth Funds Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
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First Growth Funds Quarterly Data
Jun18 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of First Growth Funds's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, First Growth Funds'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.


First Growth Funds's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



First Growth Funds 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.

First Growth Funds's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, First Growth Funds's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0/126.3989*126.3989
=0.000

Current CPI (Dec. 2023) = 126.3989.

First Growth Funds Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
199706 0.000 62.131 0.000
199906 0.000 63.246 0.000
200006 0.000 65.196 0.000
200106 0.000 69.190 0.000
200206 0.000 71.140 0.000
200306 0.000 72.997 0.000
200406 0.000 74.855 0.000
200506 0.000 76.712 0.000
200606 0.000 79.777 0.000
200706 0.000 81.449 0.000
200806 0.000 85.071 0.000
200906 0.000 86.278 0.000
201006 0.000 88.971 0.000
201106 0.000 92.129 0.000
201206 0.000 93.244 0.000
201306 0.000 95.473 0.000
201406 0.000 98.352 0.000
201506 0.000 99.838 0.000
201606 0.000 100.859 0.000
201706 0.000 102.809 0.000
201806 0.000 104.945 0.000
201906 0.000 106.617 0.000
201909 0.006 107.174 0.007
201912 0.001 107.917 0.001
202003 -0.003 108.289 -0.004
202006 0.013 106.246 0.015
202009 -0.008 107.917 -0.009
202012 -0.011 108.846 -0.013
202103 -0.012 109.496 -0.014
202106 -0.002 110.332 -0.002
202109 0.000 111.168 0.000
202112 0.003 112.654 0.003
202203 -0.005 115.069 -0.005
202206 0.000 117.112 0.000
202209 -0.001 119.248 -0.001
202212 -0.001 121.477 -0.001
202303 -0.001 123.148 -0.001
202306 0.000 124.170 0.000
202309 -0.001 125.656 -0.001
202312 0.000 126.399 0.000

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.


First Growth Funds  (OTCPK:MTOMF) 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.


First Growth Funds Cyclically Adjusted Price-to-FCF Related Terms

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


First Growth Funds (First Growth Funds) Business Description

Traded in Other Exchanges
Address
311 Hay Street, Subiaco, WA, AUS, 6008
First Growth Funds Ltd is an Australian Stock Exchange-listed investment company. The company manages a portfolio of investments covering small and medium companies listed equities, private equity and pre-IPO investments, blockchain, equity investment, and initial coin offerings. It operates in the Australia.

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