Commonwealth Africa Fund

CAFRXNASDAQFinancial Services● Active

$12.06

+$0.11(+0.92%)

Market Cap$8993275

P/E Ratio—

52W High$13.2

52W Low$9.04

Avg Volume0

Open$12.06

Beta0.95

Overview

Commonwealth Africa Fund (CAFRX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CAFRX · free cash flow · updated Jun 14, 2026

Core FCF metrics

CAFRX · FCF · TTM · margin & CAGR

Free cash flow was $27.5M for FY2023 (fiscal year ending 2023-06-30), up 305.3% year-over-year The FCF margin was 188.7%. Five-year CAGR stands at +4.5%.

FY2023 Free Cash Flow$27.5M▲ +305.3% YoY

Trailing 12M (TTM)$23.9Mtrailing 4 quarters sum

FCF Margin188.7%$27.5M ÷ revenue

3-Year CAGR+97.8%FY2020 → FY2023

5-Year CAGR+4.5%FY2018 → FY2023

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 14, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CAFRX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2023Latest$27.5M(0M)$27.5M▲ +305.3%188.7%

FY2022$6.8M(0M)$6.8M▼ 21.0%57.8%

FY2021$8.6M(0M)$8.6M▲ +141.9%61.2%

FY2020$3.5M(0M)$3.5M▲ +111.4%25.9%

FY2019$1.7M(0M)$1.7M▼ 92.4%14.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CAFRX · P/FCF · FCF yield · FCF per share

Commonwealth Africa Fund (CAFRX) trades at a FCF yield of 305.29% and a price-to-free-cash-flow ratio of N/A. FCF per share stands at N/A, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

305.29%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

x2.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2023 · 2023-06-30

Cash flow statement summary

CAFRX · cash flow statement · operating / investing / financing

For FY2023, Commonwealth Africa Fund generated $27.5M in operating cash flow and spent 0M in capital expenditures, yielding $27.5M in free cash flow.

Operating Activities

+$27.5M

Cash from core business operations

2023-06-30

Investing Activities

+$0.0M

CapEx, acquisitions & investments

2023-06-30

Financing Activities

−$27.4M

Buybacks, dividends & debt

2023-06-30

FCF FormulaOperating CF ($27.5M) − |CapEx| (0M) = FCF ($27.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

CAFRX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Commonwealth Africa FundYOU

CAFRX

$27.5M+305.3%188.7%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Commonwealth Africa Fund (CAFRX) reported free cash flow of $27.5M for FY2023 (fiscal year ending 2023-06-30), up 305.3% year-over-year. The FCF margin was 188.7%.

Based on available data, Commonwealth Africa Fund has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $49.5M in FY2015. The 5-year CAGR stands at +4.5%.

Commonwealth Africa Fund's FCF yield is 305.29% and price-to-FCF ratio is N/A for FY2023, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CAFRX free cash flow · 8 questions

Commonwealth Africa Fund free cash flow was $27.5M for FY2023, up 305.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $23.9M.

CAFRX free cash flowCAFRX FCFCAFRX FCF 2023CAFRX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Commonwealth Africa Fund · Commonwealth Africa Fund SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 14, 2026