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Fair Value REIT-AG (FRA:FVI) Cyclically Adjusted FCF per Share : €0.87 (As of Dec. 2023)


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What is Fair Value REIT-AG 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.

Fair Value REIT-AG's adjusted free cash flow per share data for the fiscal year that ended in Dec. 2023 was €0.875. 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 €0.87 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Fair Value REIT-AG's average Cyclically Adjusted FCF Growth Rate was 13.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.90% 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 Fair Value REIT-AG was 9.10% per year. The lowest was 5.30% per year. And the median was 8.60% per year.

As of today (2024-06-12), Fair Value REIT-AG's current stock price is € 3.86. Fair Value REIT-AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec. 2023 was €0.87. Fair Value REIT-AG's Cyclically Adjusted Price-to-FCF of today is 4.44.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Fair Value REIT-AG was 15.35. The lowest was 4.02. And the median was 10.14.


Fair Value REIT-AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Fair Value REIT-AG'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.

Fair Value REIT-AG Cyclically Adjusted FCF per Share Chart

Fair Value REIT-AG 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 0.66 0.67 0.73 0.77 0.87

Fair Value REIT-AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.73 - 0.77 - 0.87

Competitive Comparison of Fair Value REIT-AG's Cyclically Adjusted FCF per Share

For the REIT - Retail subindustry, Fair Value REIT-AG'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.


Fair Value REIT-AG's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Fair Value REIT-AG 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, Fair Value REIT-AG's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.875/123.7729*123.7729
=0.875

Current CPI (Dec. 2023) = 123.7729.

Fair Value REIT-AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.649 99.543 0.807
201512 0.496 99.717 0.616
201612 0.673 101.217 0.823
201712 1.324 102.617 1.597
201812 0.751 104.217 0.892
201912 0.609 105.818 0.712
202012 0.706 105.518 0.828
202112 0.725 110.384 0.813
202212 0.673 119.345 0.698
202312 0.875 123.773 0.875

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


Fair Value REIT-AG  (FRA:FVI) 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.

Fair Value REIT-AG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.86/0.87
=4.44

* 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 Fair Value REIT-AG was 15.35. The lowest was 4.02. And the median was 10.14.


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.


Fair Value REIT-AG Cyclically Adjusted FCF per Share Related Terms

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


Fair Value REIT-AG (FRA:FVI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fair Value REIT-AG (FRA:FVI) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
Wurmstrasse 13a, Grafelfing, Munich, DEU, 82166
Fair Value REIT-AG is a real estate investment trust. The company invests in German commercial real estates. Investment focuses on retail properties and office buildings in regional locations. It solely generates its segment revenues from Tenants.

Fair Value REIT-AG (FRA:FVI) Headlines