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Clairvest Group (TSX:CVG) Cyclically Adjusted Price-to-FCF : 35.91 (As of May. 26, 2024)


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What is Clairvest Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Clairvest Group's current share price is C$69.66. Clairvest Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$1.94. Clairvest Group's Cyclically Adjusted Price-to-FCF for today is 35.91.

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

TSX:CVG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 24.26   Med: 41.5   Max: 928
Current: 35.87

During the past years, Clairvest Group's highest Cyclically Adjusted Price-to-FCF was 928.00. The lowest was 24.26. And the median was 41.50.

TSX:CVG's Cyclically Adjusted Price-to-FCF is ranked worse than
68.4% of 500 companies
in the Asset Management industry
Industry Median: 20.105 vs TSX:CVG: 35.87

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.

Clairvest Group's adjusted free cash flow per share data for the three months ended in Dec. 2023 was C$-0.231. 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$1.94 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Clairvest Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Clairvest 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.

Clairvest Group Cyclically Adjusted Price-to-FCF Chart

Clairvest Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.80 27.08 39.61 31.61 40.86

Clairvest Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 34.41 40.86 63.73 38.89 39.27

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

For the Asset Management subindustry, Clairvest 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.


Clairvest Group's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Clairvest 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=69.66/1.94
=35.91

* 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.

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

For example, Clairvest Group'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)
=-0.231/125.0724*125.0724
=-0.231

Current CPI (Dec. 2023) = 125.0724.

Clairvest Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -2.071 98.604 -2.627
201406 1.326 99.473 1.667
201409 2.592 99.394 3.262
201412 -0.767 98.367 -0.975
201503 0.136 99.789 0.170
201506 -0.762 100.500 -0.948
201509 -2.900 100.421 -3.612
201512 3.388 99.947 4.240
201603 -1.773 101.054 -2.194
201606 0.033 102.002 0.040
201609 1.031 101.765 1.267
201612 -0.645 101.449 -0.795
201703 2.658 102.634 3.239
201706 -2.131 103.029 -2.587
201709 0.118 103.345 0.143
201712 1.326 103.345 1.605
201803 0.484 105.004 0.577
201806 1.649 105.557 1.954
201809 14.675 105.636 17.375
201812 -3.927 105.399 -4.660
201903 1.222 106.979 1.429
201906 -4.916 107.690 -5.709
201909 0.740 107.611 0.860
201912 -1.003 107.769 -1.164
202003 4.796 107.927 5.558
202006 -4.648 108.401 -5.363
202009 4.446 108.164 5.141
202012 1.473 108.559 1.697
202103 -1.376 110.298 -1.560
202106 4.162 111.720 4.659
202109 -3.399 112.905 -3.765
202112 -3.188 113.774 -3.505
202203 5.164 117.646 5.490
202206 -4.432 120.806 -4.589
202209 3.016 120.648 3.127
202212 3.562 120.964 3.683
202303 -1.228 122.702 -1.252
202306 -6.424 124.203 -6.469
202309 4.246 125.230 4.241
202312 -0.231 125.072 -0.231

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.


Clairvest Group  (TSX:CVG) 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.


Clairvest Group Cyclically Adjusted Price-to-FCF Related Terms

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Clairvest Group (TSX:CVG) Business Description

Traded in Other Exchanges
N/A
Address
22 St. Clair Avenue East, Suite 1700, Toronto, ON, CAN, M4T 2S3
Clairvest Group Inc is a Canadian private equity investment firm. The company invests in and partners with the management teams of business that have the potential to create average returns in their respective industries. Clairvest contributes financing and strategic expertise to support the growth and development of its investee companies in order to create realizable value for all shareholders. It invests its own capital into entrepreneurial corporations.
Executives
Daniel Cheng Senior Officer