Happen price to free cash flow HAPN

Market value divided by free cash flow over the last twelve months, since 2015.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 5.5×; Oct 2023
6-year median: 4.3×
6-year range: 1.9× to 32.4×
Peer median: 9.8×

Happen's price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in Oct 2023, at 5.5×.

On the days it had one over the last 6 years, its median was 4.3×, from 1.9× in May 2023 to 32.4× in Nov 2021.

Price to free cash flow over time

median 4.3×

The dashed line is the 6-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2023	5.5×	1.9×	8.0×
2022	2.3×	2.3×	17.2×
2021	17.2×	2.3×	32.4×
2020	5.3×	2.6×	5.3×
2019	n/m a value too high to mean anything
2018	n/m a value too high to mean anything
2017	n/m a value too high to mean anything
2016	52.5×	37.9×	98.9×
2015	115×	115×	493×

Against its peers

Companies in Financial - Credit Services nearest Happen's size, closest first, today.

Company	Price to free cash flow
HAPNHappen	n/m
PGYPagaya Technologies	6.3×
NUTXNutex Health	5.2×
LQDTLiquidity Services	15.6×
WUWestern Union CO	3.5×
ATLCAtlanticus	n/m
ECPGEncore Capital	16.6×
AGMFederal Agricultural Mortgage	n/m
WDWalker & Dunlop	n/m
JCAPJefferson Capital	n/m
PWPPerella Weinberg Partners	13.2×
Peer median	9.8×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Happen

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.