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EPR Properties (FRA:E2H) Cyclically Adjusted FCF per Share : €5.36 (As of Mar. 2024)


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What is EPR Properties 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.

EPR Properties's adjusted free cash flow per share for the three months ended in Mar. 2024 was €1.210. 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 €5.36 for the trailing ten years ended in Mar. 2024.

During the past 12 months, EPR Properties's average Cyclically Adjusted FCF Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.30% 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 EPR Properties was 34.30% per year. The lowest was -1.50% per year. And the median was 10.10% per year.

As of today (2024-05-30), EPR Properties's current stock price is €37.55. EPR Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.36. EPR Properties's Cyclically Adjusted Price-to-FCF of today is 7.01.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of EPR Properties was 49.74. The lowest was 4.03. And the median was 17.29.


EPR Properties Cyclically Adjusted FCF per Share Historical Data

The historical data trend for EPR Properties'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.

EPR Properties Cyclically Adjusted FCF per Share Chart

EPR Properties 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 2.16 3.67 4.65 5.21 5.31

EPR Properties 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 5.07 5.38 5.55 5.31 5.36

Competitive Comparison of EPR Properties's Cyclically Adjusted FCF per Share

For the REIT - Specialty subindustry, EPR Properties'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.


EPR Properties's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



EPR Properties 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, EPR Properties'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)
=1.21/131.7762*131.7762
=1.210

Current CPI (Mar. 2024) = 131.7762.

EPR Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.999 100.560 1.309
201409 0.774 100.428 1.016
201412 1.160 99.070 1.543
201503 0.926 99.621 1.225
201506 0.975 100.684 1.276
201509 0.985 100.392 1.293
201512 1.428 99.792 1.886
201603 0.989 100.470 1.297
201606 1.166 101.688 1.511
201609 0.884 101.861 1.144
201612 1.333 101.863 1.724
201703 1.365 102.862 1.749
201706 1.229 103.349 1.567
201709 1.367 104.136 1.730
201712 0.956 104.011 1.211
201803 1.191 105.290 1.491
201806 1.621 106.317 2.009
201809 1.741 106.507 2.154
201812 0.986 105.998 1.226
201903 1.449 107.251 1.780
201906 1.015 108.070 1.238
201909 1.491 108.329 1.814
201912 1.172 108.420 1.424
202003 1.027 108.902 1.243
202006 -0.368 108.767 -0.446
202009 0.023 109.815 0.028
202012 0.064 109.897 0.077
202103 0.881 111.754 1.039
202106 0.693 114.631 0.797
202109 1.085 115.734 1.235
202112 0.834 117.630 0.934
202203 1.550 121.301 1.684
202206 1.119 125.017 1.180
202209 1.782 125.227 1.875
202212 1.158 125.222 1.219
202303 1.508 127.348 1.560
202306 1.211 128.729 1.240
202309 1.844 129.860 1.871
202312 0.930 129.419 0.947
202403 1.210 131.776 1.210

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


EPR Properties  (FRA:E2H) 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.

EPR Properties's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=37.55/5.36
=7.01

* 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 EPR Properties was 49.74. The lowest was 4.03. And the median was 17.29.


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.


EPR Properties Cyclically Adjusted FCF per Share Related Terms

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


EPR Properties (FRA:E2H) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » EPR Properties (FRA:E2H) » Definitions » Cyclically Adjusted FCF per Share
Address
909 Walnut Street, Suite 200, Kansas, MO, USA, 64106
EPR Properties is a real estate investment trust that leases experiential properties in the United States and Canada. The company invests in two property segments: experiential, including theaters, family entertainment centers, ski resorts, and other attractions; and education, including early childhood education centers and private school properties. New investments are determined based on value and opportunity of the respective industry, location quality, and credit quality of tenants. The majority of revenue comes from the experiential sector. Texas, Florida, New York, and California are key revenue-driving states.

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