Similarly, the price-to-free-cash-flow ratio is significantly higher at 67.16x, compared with the peer group average of 31.96x.
FORBES: Momentum Players Have Lots To Like About Haemonetics
Its price to cash flow ratio of 63 is also above its the peer group median of 13.
However, the price-to-free-cash-flow ratio looks attractive at 19.29x, a roughly 13.8% discount to the peer group average of 22.37x.
Hctor Medina, Cemex executive vice president of planning and finance, says Cemex's ratio of debt to cash flow (earnings before interest, taxes, depreciation and amortization) currently stands at 3.55 and should soon fall to 3.0.
In many cases, you can spot bad situations before they erupt if you keep an eye on distributable cash flow and the payout ratio.
That General Mills managed such robust dividend payouts without putting upward pressure on the dividend payout ratio (the percentage of profits the dividend represents) and the cash dividend payout ratio (the proportion of free cash flow that goes to dividend payouts) is good evidence that its dividend gravy train is in great shape.
Unilever has modest sales conversion to cash flow but has a higher payout ratio than many if its peers making it desirable for dividend hungry investors.
The payout ratio is a non-stressful 46% of earnings and 44% of cash flow, good for a 3.17% yield.
FORBES: General Mills Keeps Pouring Out Big Bowls Of Dividends
In Watt's Latin America Equity fund, for example, you are getting shares of YPF, an integrated oil company in Argentina that trades at 6.5 times estimated cash flow (expected 1998 earnings plus depreciation). (The comparable ratio for Exxon is about twice that.) Buy the fund and you are buying YPF even cheaper, since the fund trades on the New York Stock Exchange at a 29% discount to net asset value.
Selling for a ratio of six times enterprise value (market cap plus long-term debt) to EBITDA cash flow (earnings before interest, taxes, depreciation and amortization), Cemex looks cheap.
Although the payout ratio based on earnings this year is 90% of earnings, it is only 53% of cash flow over the past 12 months.
应用推荐