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Sunstone Hotel Investors (FRA:UF2) Cyclically Adjusted FCF per Share : €1.11 (As of Mar. 2024)


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What is Sunstone Hotel Investors 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.

Sunstone Hotel Investors's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.174. 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 €1.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sunstone Hotel Investors's average Cyclically Adjusted FCF Growth Rate was -1.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.60% 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 Sunstone Hotel Investors was 71.30% per year. The lowest was 4.60% per year. And the median was 14.60% per year.

As of today (2024-05-22), Sunstone Hotel Investors's current stock price is €9.45. Sunstone Hotel Investors's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.11. Sunstone Hotel Investors's Cyclically Adjusted Price-to-FCF of today is 8.51.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sunstone Hotel Investors was 31.21. The lowest was 7.11. And the median was 10.36.


Sunstone Hotel Investors Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sunstone Hotel Investors'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.

Sunstone Hotel Investors Cyclically Adjusted FCF per Share Chart

Sunstone Hotel Investors 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 0.81 0.83 1.04 1.11 1.09

Sunstone Hotel Investors 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 1.12 1.11 1.14 1.09 1.11

Competitive Comparison of Sunstone Hotel Investors's Cyclically Adjusted FCF per Share

For the REIT - Hotel & Motel subindustry, Sunstone Hotel Investors'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.


Sunstone Hotel Investors's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Sunstone Hotel Investors's Cyclically Adjusted Price-to-FCF falls into.



Sunstone Hotel Investors 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, Sunstone Hotel Investors'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)
=0.174/131.7762*131.7762
=0.174

Current CPI (Mar. 2024) = 131.7762.

Sunstone Hotel Investors Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.317 100.560 0.415
201409 0.315 100.428 0.413
201412 0.326 99.070 0.434
201503 0.171 99.621 0.226
201506 0.426 100.684 0.558
201509 0.393 100.392 0.516
201512 0.355 99.792 0.469
201603 0.182 100.470 0.239
201606 0.438 101.688 0.568
201609 0.328 101.861 0.424
201612 0.260 101.863 0.336
201703 0.171 102.862 0.219
201706 0.445 103.349 0.567
201709 0.300 104.136 0.380
201712 0.288 104.011 0.365
201803 0.111 105.290 0.139
201806 0.428 106.317 0.530
201809 0.288 106.507 0.356
201812 0.332 105.998 0.413
201903 0.123 107.251 0.151
201906 0.407 108.070 0.496
201909 0.302 108.329 0.367
201912 0.323 108.420 0.393
202003 -0.010 108.902 -0.012
202006 -0.134 108.767 -0.162
202009 -0.208 109.815 -0.250
202012 -0.113 109.897 -0.135
202103 -0.150 111.754 -0.177
202106 0.094 114.631 0.108
202109 0.087 115.734 0.099
202112 0.081 117.630 0.091
202203 0.055 121.301 0.060
202206 0.344 125.017 0.363
202209 0.282 125.227 0.297
202212 0.270 125.222 0.284
202303 0.213 127.348 0.220
202306 0.267 128.729 0.273
202309 0.281 129.860 0.285
202312 0.132 129.419 0.134
202403 0.174 131.776 0.174

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


Sunstone Hotel Investors  (FRA:UF2) 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.

Sunstone Hotel Investors's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.45/1.11
=8.51

* 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 Sunstone Hotel Investors was 31.21. The lowest was 7.11. And the median was 10.36.


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.


Sunstone Hotel Investors Cyclically Adjusted FCF per Share Related Terms

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


Sunstone Hotel Investors (FRA:UF2) Business Description

Industry
Traded in Other Exchanges
Address
15 Enterprise, Suite 200, Aliso Viejo, CA, USA, 92656
Sunstone Hotel Investors Inc is a real estate investment trust that acquires, owns, manages, and renovates the full-service hotel and select-service hotel properties across various states in the United States. The firm's portfolio consists primarily of urban, upper-upscale hotels. The vast majority of these hotels are managed under Marriott, Hilton, Fairmont, and Sheraton brands. Regionally, the company's assets are located in its California, Other West, Midwest, and East geographical segments within the U.S. The majority of the company's revenue is derived from its Eastern operations, closely followed by its Californian operations. Sunstone's sole source of income is hotel revenue from its hotel ownership segment.

Sunstone Hotel Investors (FRA:UF2) Headlines

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