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Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11) Free Cash Flow : R$ Mil (TTM As of Dec. 2023)


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What is Fundo De Investimento Imobiliario Spx Syn Multiestrategia Free Cash Flow?

Fundo De Investimento Imobiliario Spx Syn Multiestrategia's total free cash flow for the six months ended in Dec. 2023 was R$-1.98 Mil. Fundo De Investimento Imobiliario Spx Syn Multiestrategia does not have enough years/quarters to calculate the total free cash flow for the trailing twelve months (TTM) ended in Dec. 2023.

Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Free Cash Flow per Share for the six months ended in Dec. 2023 was R$-0.10. Fundo De Investimento Imobiliario Spx Syn Multiestrategia does not have enough years/quarters to calculate the free cash flow per share for the trailing twelve months (TTM) ended in Dec. 2023.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Free Cash Flow Growth Rate using Free Cash Flow per Share data.


Fundo De Investimento Imobiliario Spx Syn Multiestrategia Free Cash Flow Historical Data

The historical data trend for Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Free Cash Flow 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.

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Free Cash Flow Chart

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Annual Data
Trend Dec22 Dec23
Free Cash Flow
- -1.98

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Semi-Annual Data
Dec22 Dec23
Free Cash Flow - -1.98

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Free Cash Flow Calculation

Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company.

Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Free Cash Flow for the fiscal year that ended in Dec. 2023 is calculated as

Free Cash Flow (A: Dec. 2023 )=Cash Flow from Operations+Capital Expenditure
=-1.98+0
=-1.98

Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Free Cash Flow for the quarter that ended in Dec. 2023 is calculated as

Free Cash Flow (Q: Dec. 2023 )=Cash Flow from Operations+Capital Expenditure
=-1.98+0
=-1.98

* 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.


Fundo De Investimento Imobiliario Spx Syn Multiestrategia  (BSP:SPXS11) Free Cash Flow Explanation

Free Cash Flow is very close to Warren Buffett's definition of Owner's Earnings, except that in Warren Buffett's Owner's Earnings, the spending for Property, Plant, and Equipment is only for maintenance (replacement), while in the Free Cash Flow calculation, the cost of new Property, Plant, and Equipment due to business expansion is also deducted. There, Free Cash Flow is more conservative than Owner's Earnings.

In Don Yacktman's calculation of forward rate of return, he uses Free Cash Flow for the calculation. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation.

This is what Yacktman said in his March 2012 interview - when the S&P 500 was at 1400:

If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.

The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).

For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over seven years. The reason we use seven years is because research shows that seven years is the length of the typical business cycle.

Therefore, as of Dec23, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Forward Rate of Return (Yacktman) % is

Forward Rate of Return (Yacktman) % (Dec23)=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=0/9.5+0
=0.00 %

* 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.


Be Aware

Free Cash Flow within a report period can be affected by management's decisions of capital spending. Therefore, it is important to look at long term when it comes to Free Cash Flow.


Fundo De Investimento Imobiliario Spx Syn Multiestrategia Free Cash Flow Related Terms

Thank you for viewing the detailed overview of Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Free Cash Flow provided by GuruFocus.com. Please click on the following links to see related term pages.


Fundo De Investimento Imobiliario Spx Syn Multiestrategia Business Description

Traded in Other Exchanges
N/A
Address
At Praia de Botafogo, n 501, 5th floor, part, Torre Corcovado, Botafogo, Rio de Janeiro, RN, BRA, CEP 22250-040
Fundo De Investimento Imobiliario Spx Syn Multiestrategia is a real estate investment fund. The objective of the fund is to earn income or capital gain, as well as provide shareholders with the appreciation of shares through investment.

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