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Apartmentome REIT (Apartmentome REIT) Cyclically Adjusted FCF per Share : $0.54 (As of Mar. 2024)


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What is Apartmentome REIT Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Apartmentome REIT's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.396. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.54 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Apartmentome REIT's average Cyclically Adjusted FCF Growth Rate was 58.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 44.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Apartmentome REIT was 49.50% per year. The lowest was -5.70% per year. And the median was 10.60% per year.

As of today (2024-05-14), Apartmentome REIT's current stock price is $38.67. Apartmentome REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.54. Apartmentome REIT's Cyclically Adjusted Price-to-FCF of today is 71.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Apartmentome REIT was 438.67. The lowest was 58.06. And the median was 190.36.


Apartmentome REIT Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Apartmentome REIT's Cyclically Adjusted FCF per Share 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.

Apartmentome REIT Cyclically Adjusted FCF per Share Chart

Apartmentome REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.15 0.18 0.28 0.45

Apartmentome REIT Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 0.34 0.34 0.43 0.45 0.54

Competitive Comparison of Apartmentome REIT's Cyclically Adjusted FCF per Share

For the REIT - Residential subindustry, Apartmentome REIT'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.


Apartmentome REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Apartmentome REIT's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Apartmentome REIT's Cyclically Adjusted Price-to-FCF falls into.



Apartmentome REIT Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Apartmentome REIT's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.396/129.4194*129.4194
=0.396

Current CPI (Mar. 2024) = 129.4194.

Apartmentome REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.011 100.560 0.014
201409 -0.050 100.428 -0.064
201412 -0.018 99.070 -0.024
201503 -0.059 99.621 -0.077
201506 -0.071 100.684 -0.091
201509 -0.027 100.392 -0.035
201512 0.097 99.792 0.126
201603 -0.046 100.470 -0.059
201606 0.133 101.688 0.169
201609 0.052 101.861 0.066
201612 0.104 101.863 0.132
201703 -0.070 102.862 -0.088
201706 0.079 103.349 0.099
201709 0.223 104.136 0.277
201712 0.044 104.011 0.055
201803 0.047 105.290 0.058
201806 0.129 106.317 0.157
201809 0.230 106.507 0.279
201812 0.364 105.998 0.444
201903 -0.034 107.251 -0.041
201906 -0.021 108.070 -0.025
201909 -0.063 108.329 -0.075
201912 0.281 108.420 0.335
202003 -0.090 108.902 -0.107
202006 0.196 108.767 0.233
202009 -0.032 109.815 -0.038
202012 -0.610 109.897 -0.718
202103 0.068 111.754 0.079
202106 0.047 114.631 0.053
202109 0.538 115.734 0.602
202112 0.360 117.630 0.396
202203 0.225 121.301 0.240
202206 0.484 125.017 0.501
202209 0.581 125.227 0.600
202212 0.181 125.222 0.187
202303 0.367 127.348 0.373
202306 0.260 128.729 0.261
202309 0.451 129.860 0.449
202312 0.241 129.419 0.241
202403 0.396 129.419 0.396

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


Apartmentome REIT  (NYSE:AIRC) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Apartmentome REIT's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=38.67/0.54
=71.61

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Apartmentome REIT was 438.67. The lowest was 58.06. And the median was 190.36.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Apartmentome REIT Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Apartmentome REIT's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Apartmentome REIT (Apartmentome REIT) Business Description

Industry
Traded in Other Exchanges
Address
4582 South Ulster Street, Suite 1700, Denver, CO, USA, 80237
Apartment Investment and Management Co. owns a portfolio of 73 apartment communities with over 25,000 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Boston, Denver, Los Angeles, Miami, Philadelphia, San Diego, San Francisco, and Washington, D.C.
Executives
Molly Syke officer: VP & Chief Accounting Officer 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Devin Ignatius Murphy director 104 MAIN STREET, SOUTHPORT CT 06890
John D Rayis director 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Keith M Kimmel officer: President, Property Operations 4582 S ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Joshua Minix officer: Executive Vice President 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Matthew O'grady officer: SVP 4582 SOUTH ULSTER STREET, SUITE 1700, SUITE 1700, DENVER CO 80237
Paul Beldin officer: EVP & CFO 4582 S. ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Thomas N Bohjalian director C/O APARTMENT INCOME REIT CORP., 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Ann Sperling director 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Thomas L. Keltner director P.O. BOX 2030, SILVERTHORNE CO 80498
Nina A Tran director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Lisa R Cohn officer: President & General Counsel 4582 S. ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Terry Considine director, officer: CEO 4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Hernandez Margarita Palau director 300 N. SAN RAFAEL AVE., PASADENA CA 91105
Kristin R. Finney-cooke director 4582 SOUTH ULSTER STREET, SUITE 1700, DENVER CO 80237