GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AG Mortgage Investment Trust Inc (NYSE:MITT) » Definitions » Cyclically Adjusted FCF per Share

AG Mortgage Investment Trust (AG Mortgage Investment Trust) Cyclically Adjusted FCF per Share : $5.61 (As of Mar. 2024)


View and export this data going back to 2011. Start your Free Trial

What is AG Mortgage Investment Trust 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.

AG Mortgage Investment Trust's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.406. 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 $5.61 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AG Mortgage Investment Trust's average Cyclically Adjusted FCF Growth Rate was -18.60% 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.

As of today (2024-06-06), AG Mortgage Investment Trust's current stock price is $6.88. AG Mortgage Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $5.61. AG Mortgage Investment Trust's Cyclically Adjusted Price-to-FCF of today is 1.23.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AG Mortgage Investment Trust was 1.57. The lowest was 0.47. And the median was 1.00.


AG Mortgage Investment Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AG Mortgage Investment Trust'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.

AG Mortgage Investment Trust Cyclically Adjusted FCF per Share Chart

AG Mortgage Investment Trust 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 - - 8.89 7.26 5.79

AG Mortgage Investment Trust 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 6.89 6.44 6.13 5.79 5.61

Competitive Comparison of AG Mortgage Investment Trust's Cyclically Adjusted FCF per Share

For the REIT - Mortgage subindustry, AG Mortgage Investment Trust'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.


AG Mortgage Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where AG Mortgage Investment Trust's Cyclically Adjusted Price-to-FCF falls into.



AG Mortgage Investment Trust 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, AG Mortgage Investment Trust'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)
=0.406/131.7762*131.7762
=0.406

Current CPI (Mar. 2024) = 131.7762.

AG Mortgage Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.722 100.560 3.567
201409 2.427 100.428 3.185
201412 2.268 99.070 3.017
201503 2.460 99.621 3.254
201506 2.666 100.684 3.489
201509 2.165 100.392 2.842
201512 1.904 99.792 2.514
201603 1.554 100.470 2.038
201606 1.945 101.688 2.520
201609 2.037 101.861 2.635
201612 0.115 101.863 0.149
201703 1.321 102.862 1.692
201706 1.214 103.349 1.548
201709 1.920 104.136 2.430
201712 1.510 104.011 1.913
201803 1.834 105.290 2.295
201806 -0.552 106.317 -0.684
201809 2.101 106.507 2.599
201812 2.181 105.998 2.711
201903 0.907 107.251 1.114
201906 1.084 108.070 1.322
201909 1.073 108.329 1.305
201912 2.971 108.420 3.611
202003 0.681 108.902 0.824
202006 -0.602 108.767 -0.729
202009 -0.272 109.815 -0.326
202012 0.475 109.897 0.570
202103 0.459 111.754 0.541
202106 0.218 114.631 0.251
202109 0.615 115.734 0.700
202112 0.342 117.630 0.383
202203 0.189 121.301 0.205
202206 0.357 125.017 0.376
202209 0.175 125.227 0.184
202212 0.262 125.222 0.276
202303 0.310 127.348 0.321
202306 0.423 128.729 0.433
202309 0.150 129.860 0.152
202312 0.438 129.419 0.446
202403 0.406 131.776 0.406

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


AG Mortgage Investment Trust  (NYSE:MITT) 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.

AG Mortgage Investment Trust's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=6.88/5.61
=1.23

* 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 AG Mortgage Investment Trust was 1.57. The lowest was 0.47. And the median was 1.00.


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.


AG Mortgage Investment Trust Cyclically Adjusted FCF per Share Related Terms

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


AG Mortgage Investment Trust (AG Mortgage Investment Trust) Business Description

Traded in Other Exchanges
Address
245 Park Avenue, 26th Floor, New York, NY, USA, 10167
AG Mortgage Investment Trust Inc is a real estate investment trust (REIT). It focuses on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities, and financial assets, which the company refers to as its target assets. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise.
Executives
Matthew Jozoff director C/O AG MORTGAGE INVESTMENT TRUST, INC., 245 PARK AVENUE, FL. 26, NEW YORK NY 10167
Joseph Lamanna director 226 NORTH LINCOLN STREET, HINSDALE IL 60521
David N Roberts director, officer: Chief Executive Officer 245 PARK AVE 26TH FL, C/O ANGELO GRODON & CO, NEW YORK NY 10167
Nicholas P Smith officer: Chief Investment Officer C/O ANGELO, GORDON & CO., L.P., 245 PARK AVENEUE, 26TH FL., NEW YORK NY 10167
Jenny B Neslin officer: General Counsel & Secretary C/O NORTHSTAR ASSET MANAGEMENT GROUP, 399 PARK AVENUE 18TH FLOOR, NEW YORK NY 10022
Anthony William Rossiello officer: Chief Financial Officer 245 PARK AVENUE 26TH FLOOR, C/O ANGELO, GORDON & CO., L.P., NEW YORK NY 10167
Dianne Hurley director 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Thomas Durkin director, officer: Chief Investment Officer C/O ANGELO, GORDON & CO., L.P., 245 PARK AVENUE, 26TH FLOOR, NEW YORK NY 10167
Alison Halpern officer: Chief Accounting Officer C/O ANGELO, GORDON & CO., L.P., 245 PARK AVENUE, 26TH FLOOR, NEW YORK NY 10167
Brian Chad Sigman officer: Chief Financial Officer 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Debra Ann Hess director C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Andrew L Berger director 860 UNITED NATIONS PLAZA, #15G, NEW YORK NY 10017
Arthur S Ainsberg director C/O ANGELO, GORDON & CO., L.P., 245 PARK AVENUE, 26TH FLOOR, NEW YORK NY 10167
Peter Linneman director 1696 N E MIAMI GARDENS DR, N MIAMI BEACH FL 33179
Raul Enrique Moreno officer: General Counsel and Secretary C/O ANGELO, GORDON & CO., L.P., 245 PARK AVENUE, 26TH FLOOR, NEW YORK NY 10167