Premium Income P/FCF
What is the P/FCF of Premium Income?
The P/FCF of Premium Income Corp. is 2.19
What is the definition of P/FCF?
Price to free cash flow (P/FCF) is a valuation metric that compares the company’s current share price to its free cash flow per share.
ttm (trailing twelve months)
Price to free cash flow (P/FCF) is a measure that value investors find useful to analyze a company’s finances in relation to its current stock price. It is a stricter measure than the price to cash flow ratio as it subtracts capital expenditures from cash flow.
Free cash flow relies heavily on the state of a company's cash from operations, which is in turn heavily influenced by the company's net income. Companies can manipulate their free cash flow by lengthening the time they take to pay their bills, shortening the time it takes to collect what's owed to them, and putting off buying inventory. It also depends on what items are considered capital expenditures and this can be different in case of different companies.
Lower values of P/FCF generally indicate a company that is undervalued and whose stock is relatively cheap in relation to its free cash flow. Conversely, higher P/FCF indicate that the company's stock is relatively overvalued. Value investors thus favor companies with low or decreasing price to free cash flow values that indicate high or increasing free cash flow totals and relatively low stock share prices.
It is best to compare price to free cash flow ratios between similar companies in the same industry. However, the P/FCF metric can also be viewed over a longer time frame to see if the company's cash flow to share price value is improving or declining.
P/FCF of companies in the Finance sector on TSX compared to Premium Income
What does Premium Income do?
Premium Income Corporation is an equity mutual fund launched and managed by Strathbridge Asset Management Inc. It invests in the public equity markets of Canada. It invests in stocks of companies operating primarily in the banking sector. The fund uses financial derivatives such as call and put options to invest in stocks of Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Toronto Dominion Bank. It seeks to invest in stocks of dividend paying companies. The fund benchmarks the performance of its portfolio against the S&P/TSX Diversified Banks Total Return Index. Premium Income Corporation was formed on August 27, 1996 and is domiciled in Canada.
Companies with p/fcf similar to Premium Income
- Genfit SA has P/FCF of 2.18
- Medicine Man Technologies has P/FCF of 2.18
- Leonteq AG has P/FCF of 2.18
- Acumentis has P/FCF of 2.18
- Controladora Vuela Cia De Aviacion has P/FCF of 2.18
- Mitchell Services has P/FCF of 2.18
- Premium Income has P/FCF of 2.19
- Dali Foods has P/FCF of 2.20
- Gale Pacific has P/FCF of 2.20
- Boat Rocker Media has P/FCF of 2.20
- Zhejiang Jianye Chemical Co has P/FCF of 2.20
- COSCO SHIPPING Co has P/FCF of 2.20
- China Wan Tong Yuan () has P/FCF of 2.20