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SL Green Realty (FRA:GEI) Cyclically Adjusted FCF per Share : €5.53 (As of Mar. 2024)


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What is SL Green 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.

SL Green Realty's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.324. 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 €5.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SL Green Realty's average Cyclically Adjusted FCF Growth Rate was -1.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.30% 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 SL Green Realty was 18.00% per year. The lowest was 2.20% per year. And the median was 9.20% per year.

As of today (2024-06-09), SL Green Realty's current stock price is €49.85. SL Green Realty's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.53. SL Green Realty's Cyclically Adjusted Price-to-FCF of today is 9.01.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SL Green Realty was 53.96. The lowest was 3.39. And the median was 14.53.


SL Green Realty Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SL Green 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.

SL Green Realty Cyclically Adjusted FCF per Share Chart

SL Green 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 3.36 3.69 5.11 5.71 5.61

SL Green 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 5.54 5.52 5.74 5.61 5.53

Competitive Comparison of SL Green Realty's Cyclically Adjusted FCF per Share

For the REIT - Office subindustry, SL Green 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.


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

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

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



SL Green 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, SL Green 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)
=-0.324/131.7762*131.7762
=-0.324

Current CPI (Mar. 2024) = 131.7762.

SL Green Realty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.435 100.560 1.880
201409 0.806 100.428 1.058
201412 0.937 99.070 1.246
201503 0.840 99.621 1.111
201506 1.312 100.684 1.717
201509 0.790 100.392 1.037
201512 1.847 99.792 2.439
201603 1.011 100.470 1.326
201606 2.266 101.688 2.936
201609 1.181 101.861 1.528
201612 1.254 101.863 1.622
201703 1.032 102.862 1.322
201706 1.729 103.349 2.205
201709 0.854 104.136 1.081
201712 1.128 104.011 1.429
201803 0.828 105.290 1.036
201806 1.451 106.317 1.798
201809 0.696 106.507 0.861
201812 1.428 105.998 1.775
201903 0.646 107.251 0.794
201906 1.622 108.070 1.978
201909 0.878 108.329 1.068
201912 0.836 108.420 1.016
202003 0.473 108.902 0.572
202006 2.073 108.767 2.512
202009 1.167 109.815 1.400
202012 2.797 109.897 3.354
202103 0.217 111.754 0.256
202106 0.980 114.631 1.127
202109 1.073 115.734 1.222
202112 0.822 117.630 0.921
202203 1.052 121.301 1.143
202206 1.385 125.017 1.460
202209 0.985 125.227 1.037
202212 0.390 125.222 0.410
202303 0.575 127.348 0.595
202306 0.833 128.729 0.853
202309 1.061 129.860 1.077
202312 0.659 129.419 0.671
202403 -0.324 131.776 -0.324

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


SL Green Realty  (FRA:GEI) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=49.85/5.53
=9.01

* 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 SL Green Realty was 53.96. The lowest was 3.39. And the median was 14.53.


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.


SL Green Realty Cyclically Adjusted FCF per Share Related Terms

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


SL Green Realty (FRA:GEI) Business Description

Industry
Traded in Other Exchanges
Address
One Vanderbilt Avenue, New York, NY, USA, 10017
SL Green Realty is one of the largest Manhattan property owners and landlords, with interest in around 35 million square feet of wholly owned and joint-venture office space. The company has additional property exposure through its limited portfolio of well-located retail space. It operates as a real estate investment trust.

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