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Japan Logistics Fund (TSE:8967) Cyclically Adjusted FCF per Share : 円-2,274.60 (As of Jul. 2023)


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What is Japan Logistics Fund 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.

Japan Logistics Fund's adjusted free cash flow per share data for the fiscal year that ended in Jul. 2023 was 円12,737.388. 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 円-2,274.60 for the trailing ten years ended in Jul. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 27.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 25.70% 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 Japan Logistics Fund was 29.70% per year. The lowest was 2.60% per year. And the median was 18.80% per year.

As of today (2024-06-08), Japan Logistics Fund's current stock price is 円 271500.00. Japan Logistics Fund's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul. 2023 was 円-2,274.60. Japan Logistics Fund's Cyclically Adjusted Price-to-FCF of today is .


Japan Logistics Fund Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Japan Logistics Fund'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.

Japan Logistics Fund Cyclically Adjusted FCF per Share Chart

Japan Logistics Fund Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8,584.89 -5,951.88 -4,022.81 -4,595.75 -2,274.60

Japan Logistics Fund Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 - -4,595.75 - -2,274.60 -

Competitive Comparison of Japan Logistics Fund's Cyclically Adjusted FCF per Share

For the REIT - Industrial subindustry, Japan Logistics Fund'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.


Japan Logistics Fund's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Japan Logistics Fund 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, Japan Logistics Fund's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jul. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Jul. 2023 (Change)*Current CPI (Jul. 2023)
=12737.388/105.7000*105.7000
=12,737.388

Current CPI (Jul. 2023) = 105.7000.

Japan Logistics Fund Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 -37,089.425 98.100 -39,962.816
201507 9,959.690 98.300 10,709.453
201607 1,064.641 97.900 1,149.464
201707 -18,206.977 98.300 -19,577.594
201807 -21,903.543 99.200 -23,338.755
201907 11,055.579 99.800 11,709.165
202007 21,143.048 100.000 22,348.202
202107 5,443.851 99.700 5,771.465
202207 -4,153.887 102.300 -4,291.944
202307 12,737.388 105.700 12,737.388

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


Japan Logistics Fund  (TSE:8967) 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.


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.


Japan Logistics Fund Cyclically Adjusted FCF per Share Related Terms

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


Japan Logistics Fund (TSE:8967) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4-3 Hitotsubashi 2-chome, Chiyoda-ku, Tokyo, JPN, 101-0003
Japan Logistics Fund Inc is a Japan-based real estate investment trust. The company gives importance to the Tenants, Location, Size, Building, Building age, Soil and Rights in making investment decisions. Its investments are located in Tokyo metropolitan area, Kinki area, Chubu area and Kyushu area. The firm generates the majority of its revenues from leasing of properties.

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