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Canaccord Genuity Group (TSX:CF) Cyclically Adjusted Price-to-FCF : 4.77 (As of Jun. 07, 2024)


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What is Canaccord Genuity Group Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), Canaccord Genuity Group's current share price is C$8.49. Canaccord Genuity Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$1.78. Canaccord Genuity Group's Cyclically Adjusted Price-to-FCF for today is 4.77.

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

TSX:CF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.8   Med: 6.43   Max: 13.38
Current: 4.77

During the past years, Canaccord Genuity Group's highest Cyclically Adjusted Price-to-FCF was 13.38. The lowest was 2.80. And the median was 6.43.

TSX:CF's Cyclically Adjusted Price-to-FCF is ranked better than
86.72% of 241 companies
in the Capital Markets industry
Industry Median: 18.37 vs TSX:CF: 4.77

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.

Canaccord Genuity Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$2.128. 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 C$1.78 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canaccord Genuity Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canaccord Genuity Group'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.

Canaccord Genuity Group Cyclically Adjusted Price-to-FCF Chart

Canaccord Genuity Group 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 4.69 7.37 5.68 6.03 5.00

Canaccord Genuity Group 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 6.03 5.32 5.43 4.55 5.00

Competitive Comparison of Canaccord Genuity Group's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Canaccord Genuity Group'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.


Canaccord Genuity Group's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

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

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



Canaccord Genuity Group 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.

Canaccord Genuity Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.49/1.78
=4.77

* 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.

Canaccord Genuity Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Canaccord Genuity Group'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)
=2.128/126.2576*126.2576
=2.128

Current CPI (Mar. 2024) = 126.2576.

Canaccord Genuity Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.363 99.473 -0.461
201409 0.317 99.394 0.403
201412 0.929 98.367 1.192
201503 -0.331 99.789 -0.419
201506 1.586 100.500 1.992
201509 -1.474 100.421 -1.853
201512 1.554 99.947 1.963
201603 0.378 101.054 0.472
201606 -2.128 102.002 -2.634
201609 0.956 101.765 1.186
201612 1.413 101.449 1.759
201703 1.751 102.634 2.154
201706 -1.060 103.029 -1.299
201709 -0.032 103.345 -0.039
201712 0.664 103.345 0.811
201803 2.067 105.004 2.485
201806 -0.778 105.557 -0.931
201809 0.986 105.636 1.178
201812 0.615 105.399 0.737
201903 -0.458 106.979 -0.541
201906 -1.277 107.690 -1.497
201909 -0.609 107.611 -0.715
201912 1.124 107.769 1.317
202003 3.675 107.927 4.299
202006 -1.300 108.401 -1.514
202009 1.419 108.164 1.656
202012 3.174 108.559 3.691
202103 6.995 110.298 8.007
202106 -3.479 111.720 -3.932
202109 2.413 112.905 2.698
202112 2.184 113.774 2.424
202203 1.206 117.646 1.294
202206 -7.749 120.806 -8.099
202209 -0.526 120.648 -0.550
202212 -0.181 120.964 -0.189
202303 1.641 122.702 1.689
202306 -4.082 124.203 -4.150
202309 -1.030 125.230 -1.038
202312 2.119 125.072 2.139
202403 2.128 126.258 2.128

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.


Canaccord Genuity Group  (TSX:CF) 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.


Canaccord Genuity Group Cyclically Adjusted Price-to-FCF Related Terms

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


Canaccord Genuity Group (TSX:CF) Business Description

Address
609 Granville Street, Suite 2200, Vancouver, BC, CAN, V7Y 1H2
Canaccord Genuity Group Inc is an independent, full-service financial services firm. The Company's segment reporting is based on the following operating segments: Canaccord Genuity Capital Markets, Canaccord Genuity Wealth Management, and Corporate and Other. The company is been driven by an unwavering commitment to building lasting client relationships. It achieves this by generating value for its individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The company has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. Its international capital markets division operates in North America, UK and Europe, Asia, Australia and the Middle East.
Executives
Stuart Raftus Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)