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AFI Properties (XTAE:AFPR) Cyclically Adjusted FCF per Share : ₪11.20 (As of Mar. 2024)


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What is AFI Properties 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.

AFI Properties's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₪2.388. 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 ₪11.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AFI Properties's average Cyclically Adjusted FCF Growth Rate was 1.40% 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 (2024-06-02), AFI Properties's current stock price is ₪160.60. AFI Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₪11.20. AFI Properties's Cyclically Adjusted Price-to-FCF of today is 14.34.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AFI Properties was 15.63. The lowest was 8.50. And the median was 11.35.


AFI Properties Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AFI Properties'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.

AFI Properties Cyclically Adjusted FCF per Share Chart

AFI Properties 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 - - - 11.01 11.04

AFI Properties 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 11.05 11.12 11.20 11.04 11.20

Competitive Comparison of AFI Properties's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, AFI Properties'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.


AFI Properties's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, AFI Properties's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where AFI Properties's Cyclically Adjusted Price-to-FCF falls into.



AFI Properties 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, AFI Properties'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)
=2.388/131.7762*131.7762
=2.388

Current CPI (Mar. 2024) = 131.7762.

AFI Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.000 98.326 0.000
201403 8.065 99.695 10.660
201412 0.000 99.070 0.000
201503 2.687 99.621 3.554
201506 3.888 100.684 5.089
201509 0.671 100.392 0.881
201512 2.852 99.792 3.766
201603 2.313 100.470 3.034
201606 1.569 101.688 2.033
201609 0.546 101.861 0.706
201612 2.316 101.863 2.996
201703 1.531 102.862 1.961
201706 3.861 103.349 4.923
201709 2.805 104.136 3.550
201712 1.579 104.011 2.001
201803 0.772 105.290 0.966
201806 4.551 106.317 5.641
201809 5.115 106.507 6.329
201812 2.165 105.998 2.692
201903 1.177 107.251 1.446
201906 -0.084 108.070 -0.102
201909 2.982 108.329 3.627
201912 -0.220 108.420 -0.267
202003 -0.760 108.902 -0.920
202006 3.215 108.767 3.895
202009 2.793 109.815 3.352
202012 1.069 109.897 1.282
202103 3.600 111.754 4.245
202106 3.657 114.631 4.204
202109 2.895 115.734 3.296
202112 1.697 117.630 1.901
202203 2.152 121.301 2.338
202206 2.746 125.017 2.894
202209 1.811 125.227 1.906
202212 1.616 125.222 1.701
202303 1.555 127.348 1.609
202306 2.371 128.729 2.427
202309 2.655 129.860 2.694
202312 1.686 129.419 1.717
202403 2.388 131.776 2.388

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


AFI Properties  (XTAE:AFPR) 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.

AFI Properties's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=160.60/11.2
=14.34

* 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 AFI Properties was 15.63. The lowest was 8.50. And the median was 11.35.


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.


AFI Properties Cyclically Adjusted FCF per Share Related Terms

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


AFI Properties (XTAE:AFPR) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4 Derech Hahoresh Street, Yehud, ISR
AFI Properties Ltd is a real estate developer which initiates, constructs, rents and operates industrial buildings, offices, and commercial properties in Israel and Europe. The company also develops residential projects in Europe. The company's commercial buildings include Beit Harofim, Vertex House, The Main Commercial Center and Stage Center. Its shopping malls consist of Lev Hamoshava at City Center, Lev Talpiot, The Panorama Center and Big Fashion. Its offices portfolio includes Psagot Tower, Concorde Tower and AFI Square-Tel Aviv. Its logistic parks include Rehovot Science Park, Global Park Lod, Weitzmann Science Park and Migdal HaEmek Science Park.

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