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Mapletree Logistics Trust (SGX:M44U) Cyclically Adjusted FCF per Share : S$0.12 (As of Dec. 2023)


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What is Mapletree Logistics 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.

Mapletree Logistics Trust's adjusted free cash flow per share for the three months ended in Dec. 2023 was S$0.037. 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 S$0.12 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 26.00% 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 Mapletree Logistics Trust was 33.90% per year. The lowest was 26.00% per year. And the median was 29.95% per year.

As of today (2024-05-24), Mapletree Logistics Trust's current stock price is S$1.38. Mapletree Logistics Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was S$0.12. Mapletree Logistics Trust's Cyclically Adjusted Price-to-FCF of today is 11.50.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Mapletree Logistics Trust was 34.11. The lowest was 10.92. And the median was 19.42.


Mapletree Logistics Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Mapletree Logistics 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.

Mapletree Logistics Trust Cyclically Adjusted FCF per Share Chart

Mapletree Logistics Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.06 0.10 0.12 0.12

Mapletree Logistics Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.12 0.12 0.12 0.12 0.12

Competitive Comparison of Mapletree Logistics Trust's Cyclically Adjusted FCF per Share

For the REIT - Industrial subindustry, Mapletree Logistics 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.


Mapletree Logistics Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Mapletree Logistics Trust's Cyclically Adjusted Price-to-FCF falls into.



Mapletree Logistics 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, Mapletree Logistics Trust's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.037/129.4194*129.4194
=0.037

Current CPI (Dec. 2023) = 129.4194.

Mapletree Logistics Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.024 99.695 0.031
201406 0.027 100.560 0.035
201409 0.023 100.428 0.030
201412 0.019 99.070 0.025
201503 0.026 99.621 0.034
201506 0.019 100.684 0.024
201509 0.031 100.392 0.040
201512 0.021 99.792 0.027
201603 0.021 100.470 0.027
201606 0.021 101.688 0.027
201609 0.032 101.861 0.041
201612 0.026 101.863 0.033
201703 0.028 102.862 0.035
201706 0.024 103.349 0.030
201709 0.031 104.136 0.039
201712 0.014 104.011 0.017
201803 0.028 105.290 0.034
201806 0.019 106.317 0.023
201809 0.034 106.507 0.041
201812 0.022 105.998 0.027
201903 0.027 107.251 0.033
201906 0.014 108.070 0.017
201909 0.026 108.329 0.031
201912 0.036 108.420 0.043
202003 0.024 108.902 0.029
202006 0.032 108.767 0.038
202009 0.027 109.815 0.032
202012 0.027 109.897 0.032
202103 0.026 111.754 0.030
202106 0.031 114.631 0.035
202109 0.027 115.734 0.030
202112 0.023 117.630 0.025
202203 0.030 121.301 0.032
202206 0.031 125.017 0.032
202209 0.036 125.227 0.037
202212 0.030 125.222 0.031
202303 0.030 127.348 0.030
202306 0.021 128.729 0.021
202309 0.029 129.860 0.029
202312 0.037 129.419 0.037

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


Mapletree Logistics Trust  (SGX:M44U) 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.

Mapletree Logistics Trust's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1.38/0.12
=11.50

* 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 Mapletree Logistics Trust was 34.11. The lowest was 10.92. And the median was 19.42.


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.


Mapletree Logistics Trust Cyclically Adjusted FCF per Share Related Terms

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


Mapletree Logistics Trust (SGX:M44U) Business Description

Industry
Traded in Other Exchanges
Address
10 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Logistics Trust is a real estate investment trust focusing on logistics properties. As of March 31, 2023, the trust had a SGD 12.8 billion portfolio of 185 properties, spread across Singapore, Hong Kong, Japan, China, South Korea, Australia, Malaysia, Vietnam, and India. The trust is externally managed by Mapletree Logistics Trust Management Ltd, a subsidiary of Mapletree Investments Pte Ltd, which owns around a 32% stake in the trust.

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