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Kimco Realty (BSP:K1IM34) Cyclically Adjusted FCF per Share : R$7.99 (As of Mar. 2024)


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What is Kimco Realty 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.

Kimco Realty's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$1.309. 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 R$7.99 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kimco Realty's average Cyclically Adjusted FCF Growth Rate was 0.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.30% 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 Kimco Realty was 76.70% per year. The lowest was -26.00% per year. And the median was 4.80% per year.

As of today (2024-06-05), Kimco Realty's current stock price is R$101.25. Kimco Realty's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$7.99. Kimco Realty's Cyclically Adjusted Price-to-FCF of today is 12.67.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kimco Realty was 263.18. The lowest was 6.07. And the median was 15.18.


Kimco Realty Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Kimco Realty'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.

Kimco Realty Cyclically Adjusted FCF per Share Chart

Kimco Realty 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 - 6.88 8.60 8.70 8.05

Kimco Realty 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 8.10 8.00 8.47 8.05 7.99

Competitive Comparison of Kimco Realty's Cyclically Adjusted FCF per Share

For the REIT - Retail subindustry, Kimco Realty'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.


Kimco Realty's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Kimco Realty 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, Kimco Realty'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)
=1.309/131.7762*131.7762
=1.309

Current CPI (Mar. 2024) = 131.7762.

Kimco Realty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.782 100.560 1.025
201409 1.046 100.428 1.373
201412 0.765 99.070 1.018
201503 1.233 99.621 1.631
201506 0.926 100.684 1.212
201509 1.671 100.392 2.193
201512 0.293 99.792 0.387
201603 1.223 100.470 1.604
201606 0.644 101.688 0.835
201609 1.771 101.861 2.291
201612 1.167 101.863 1.510
201703 1.158 102.862 1.484
201706 1.109 103.349 1.414
201709 1.431 104.136 1.811
201712 0.936 104.011 1.186
201803 1.485 105.290 1.859
201806 1.427 106.317 1.769
201809 1.609 106.507 1.991
201812 1.126 105.998 1.400
201903 1.417 107.251 1.741
201906 1.451 108.070 1.769
201909 1.653 108.329 2.011
201912 0.979 108.420 1.190
202003 1.762 108.902 2.132
202006 0.989 108.767 1.198
202009 2.870 109.815 3.444
202012 1.477 109.897 1.771
202103 1.934 111.754 2.280
202106 1.689 114.631 1.942
202109 1.189 115.734 1.354
202112 1.832 117.630 2.052
202203 1.570 121.301 1.706
202206 2.032 125.017 2.142
202209 2.235 125.227 2.352
202212 1.319 125.222 1.388
202303 2.902 127.348 3.003
202306 2.006 128.729 2.053
202309 2.249 129.860 2.282
202312 1.510 129.419 1.537
202403 1.309 131.776 1.309

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


Kimco Realty  (BSP:K1IM34) 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.

Kimco Realty's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=101.25/7.99
=12.67

* 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 Kimco Realty was 263.18. The lowest was 6.07. And the median was 15.18.


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.


Kimco Realty Cyclically Adjusted FCF per Share Related Terms

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


Kimco Realty (BSP:K1IM34) Business Description

Industry
Traded in Other Exchanges
Address
500 North Broadway, Suite 201, Jericho, NY, USA, 11753
One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 5,282 shopping centers throughout major markets in the U.S., representing roughly 77 million square feet.

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