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Dividend 15 Split II (TSX:DF) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is Dividend 15 Split II Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dividend 15 Split II Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dividend 15 Split II'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.

Dividend 15 Split II Cyclically Adjusted Price-to-FCF Chart

Dividend 15 Split II Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted Price-to-FCF
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Dividend 15 Split II Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 Nov23
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Competitive Comparison of Dividend 15 Split II's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Dividend 15 Split II'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.


Dividend 15 Split II's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Dividend 15 Split II's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Dividend 15 Split II's Cyclically Adjusted Price-to-FCF falls into.



Dividend 15 Split II 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.

Dividend 15 Split II's Cyclically Adjusted FCF per Share for the fiscal year that ended in Nov23 is calculated as:

For example, Dividend 15 Split II's adjusted Free Cash Flow per Share data for the fiscal year that ended in Nov23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Nov23 (Change)*Current CPI (Nov23)
=2.103/125.4675*125.4675
=2.103

Current CPI (Nov23) = 125.4675.

Dividend 15 Split II Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201411 -9.829 99.078 -12.447
201511 -2.432 100.421 -3.039
201611 1.192 101.607 1.472
201711 -0.069 103.740 -0.083
201811 0.984 105.478 1.170
201911 1.286 107.769 1.497
202011 2.767 108.796 3.191
202111 -6.014 113.932 -6.623
202211 -2.533 121.675 -2.612
202311 2.103 125.468 2.103

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.


Dividend 15 Split II  (TSX:DF) 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.


Dividend 15 Split II Cyclically Adjusted Price-to-FCF Related Terms

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Dividend 15 Split II (TSX:DF) Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, P.O Box 51, Toronto, ON, CAN, M5V 3K2
Dividend 15 Split Corp II is a Canadian-based mutual fund corporation. The company invests in an actively managed portfolio of common shares comprised of large-capitalization dividend-yielding Canadian companies. Its investment objective for preferred shareholders is to provide fixed, cumulative, preferential quarterly cash distributions and to return the original issue price at maturity, and for class A shares holders are to provide monthly cash distributions and the opportunity for growth in Net Asset Value per share.

Dividend 15 Split II (TSX:DF) Headlines

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