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Vakif Gayrimenkul Yatirim Ortakligi AS (IST:VKGYO) Cyclically Adjusted Price-to-FCF : 31.86 (As of Jun. 09, 2024)


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What is Vakif Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Vakif Gayrimenkul Yatirim Ortakligi AS's current share price is ₺2.23. Vakif Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₺0.07. Vakif Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF for today is 31.86.

The historical rank and industry rank for Vakif Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

IST:VKGYO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.23   Med: 29.64   Max: 99.34
Current: 32.97

During the past years, Vakif Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted Price-to-FCF was 99.34. The lowest was 10.23. And the median was 29.64.

IST:VKGYO's Cyclically Adjusted Price-to-FCF is ranked worse than
84.32% of 389 companies
in the REITs industry
Industry Median: 11.47 vs IST:VKGYO: 32.97

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Vakif Gayrimenkul Yatirim Ortakligi AS's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ₺-0.129. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ₺0.07 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vakif Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Vakif Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF 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.

Vakif Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Chart

Vakif Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 66.75 39.54 27.45 26.76

Vakif Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.45 13.06 16.90 30.74 26.76

Competitive Comparison of Vakif Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, Vakif Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vakif Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Vakif Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Vakif Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF falls into.



Vakif Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Vakif Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.23/0.07
=31.86

* 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.

Vakif Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Vakif Gayrimenkul Yatirim Ortakligi AS's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.129/129.4194*129.4194
=-0.129

Current CPI (Dec. 2023) = 129.4194.

Vakif Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.001 99.695 -0.001
201406 -0.001 100.560 -0.001
201409 -0.003 100.428 -0.004
201412 -0.049 99.070 -0.064
201503 -0.001 99.621 -0.001
201506 -0.002 100.684 -0.003
201509 -0.004 100.392 -0.005
201512 0.007 99.792 0.009
201603 0.021 100.470 0.027
201606 -0.022 101.688 -0.028
201609 -0.001 101.861 -0.001
201612 -0.008 101.863 -0.010
201703 -0.053 102.862 -0.067
201706 -0.014 103.349 -0.018
201709 -0.009 104.136 -0.011
201712 0.001 104.011 0.001
201803 -0.033 105.290 -0.041
201806 -0.039 106.317 -0.047
201809 -0.033 106.507 -0.040
201812 0.047 105.998 0.057
201903 -0.021 107.251 -0.025
201906 -0.010 108.070 -0.012
201909 -0.023 108.329 -0.027
201912 0.048 108.420 0.057
202003 -0.024 108.902 -0.029
202006 0.028 108.767 0.033
202009 0.083 109.815 0.098
202012 0.239 109.897 0.281
202103 -0.043 111.754 -0.050
202106 -0.035 114.631 -0.040
202109 -0.084 115.734 -0.094
202112 0.187 117.630 0.206
202203 -0.050 121.301 -0.053
202206 0.472 125.017 0.489
202209 -0.089 125.227 -0.092
202212 0.468 125.222 0.484
202303 -0.003 127.348 -0.003
202306 -0.177 128.729 -0.178
202309 0.008 129.860 0.008
202312 -0.129 129.419 -0.129

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Vakif Gayrimenkul Yatirim Ortakligi AS  (IST:VKGYO) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Vakif Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Related Terms

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Vakif Gayrimenkul Yatirim Ortakligi AS (IST:VKGYO) Business Description

Traded in Other Exchanges
N/A
Address
Serifali Mah. Bayraktar, Boulevard No: 62 Umraniye, Istanbul, TUR
Vakif Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. The company invests in real estate, capital market instruments based on real estate, buildings, land, projects based on real estates, usufruct rights established on real estate and rental income. It leases and rents commercial and office buildings in Ankara and Istanbul. Its projects include Istanbul international finance center project, Bizimtepe aydos project, and maltepe housing project.

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