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Sun Communities (BSP:S2UI34) Cyclically Adjusted FCF per Share : R$1.45 (As of Mar. 2024)


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What is Sun Communities 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.

Sun Communities's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$9.539. 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$1.45 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sun Communities's average Cyclically Adjusted FCF Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 22.70% 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 Sun Communities was 45.10% per year. The lowest was -21.90% per year. And the median was 20.15% per year.

As of today (2024-06-09), Sun Communities's current stock price is R$30.88. Sun Communities's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$1.45. Sun Communities's Cyclically Adjusted Price-to-FCF of today is 21.30.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sun Communities was 164.21. The lowest was 18.59. And the median was 52.06.


Sun Communities Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sun Communities'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.

Sun Communities Cyclically Adjusted FCF per Share Chart

Sun Communities 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 - - 1.32 1.40 1.37

Sun Communities 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 1.35 1.32 1.42 1.37 1.45

Competitive Comparison of Sun Communities's Cyclically Adjusted FCF per Share

For the REIT - Residential subindustry, Sun Communities'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.


Sun Communities's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Sun Communities 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, Sun Communities'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)
=9.539/131.7762*131.7762
=9.539

Current CPI (Mar. 2024) = 131.7762.

Sun Communities Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.789 100.560 2.344
201409 1.821 100.428 2.389
201412 1.338 99.070 1.780
201503 2.432 99.621 3.217
201506 3.007 100.684 3.936
201509 3.956 100.392 5.193
201512 2.451 99.792 3.237
201603 3.240 100.470 4.250
201606 4.130 101.688 5.352
201609 2.884 101.861 3.731
201612 2.356 101.863 3.048
201703 2.960 102.862 3.792
201706 3.833 103.349 4.887
201709 2.763 104.136 3.496
201712 1.323 104.011 1.676
201803 3.338 105.290 4.178
201806 5.544 106.317 6.872
201809 5.132 106.507 6.350
201812 2.729 105.998 3.393
201903 4.604 107.251 5.657
201906 6.900 108.070 8.414
201909 6.314 108.329 7.681
201912 3.456 108.420 4.200
202003 6.266 108.902 7.582
202006 9.933 108.767 12.034
202009 8.992 109.815 10.790
202012 3.890 109.897 4.664
202103 11.484 111.754 13.541
202106 11.223 114.631 12.902
202109 8.283 115.734 9.431
202112 4.697 117.630 5.262
202203 9.691 121.301 10.528
202206 12.884 125.017 13.581
202209 6.738 125.227 7.090
202212 1.879 125.222 1.977
202303 8.028 127.348 8.307
202306 10.046 128.729 10.284
202309 8.918 129.860 9.050
202312 4.610 129.419 4.694
202403 9.539 131.776 9.539

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


Sun Communities  (BSP:S2UI34) 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.

Sun Communities's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=30.88/1.45
=21.30

* 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 Sun Communities was 164.21. The lowest was 18.59. And the median was 52.06.


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.


Sun Communities Cyclically Adjusted FCF per Share Related Terms

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


Sun Communities (BSP:S2UI34) Business Description

Industry
Traded in Other Exchanges
Address
27777 Franklin Road, Suite 200, Southfield, MI, USA, 48034
Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 670 properties, which includes 353 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.

Sun Communities (BSP:S2UI34) Headlines

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