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Azrieli Group (XTAE:AZRG) Cyclically Adjusted FCF per Share : ₪11.65 (As of Dec. 2023)


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What is Azrieli Group 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.

Azrieli Group's adjusted free cash flow per share for the three months ended in Dec. 2023 was ₪2.614. 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 ₪11.65 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Azrieli Group's average Cyclically Adjusted FCF Growth Rate was -1.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.70% 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 Azrieli Group was 2.70% per year. The lowest was 2.70% per year. And the median was 2.70% per year.

As of today (2024-06-10), Azrieli Group's current stock price is ₪218.80. Azrieli Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₪11.65. Azrieli Group's Cyclically Adjusted Price-to-FCF of today is 18.78.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Azrieli Group was 27.76. The lowest was 14.34. And the median was 20.88.


Azrieli Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Azrieli Group'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.

Azrieli Group Cyclically Adjusted FCF per Share Chart

Azrieli Group 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 - 10.77 11.49 11.85 11.65

Azrieli Group 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 11.85 11.89 11.56 11.88 11.65

Competitive Comparison of Azrieli Group's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, Azrieli Group'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.


Azrieli Group's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Azrieli Group 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, Azrieli Group'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)
=2.614/129.4194*129.4194
=2.614

Current CPI (Dec. 2023) = 129.4194.

Azrieli Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.880 99.695 1.142
201406 2.890 100.560 3.719
201409 1.653 100.428 2.130
201412 2.927 99.070 3.824
201503 1.479 99.621 1.921
201506 2.858 100.684 3.674
201509 2.353 100.392 3.033
201512 2.726 99.792 3.535
201603 1.654 100.470 2.131
201606 3.499 101.688 4.453
201609 2.311 101.861 2.936
201612 2.200 101.863 2.795
201703 2.325 102.862 2.925
201706 2.556 103.349 3.201
201709 2.416 104.136 3.003
201712 2.061 104.011 2.564
201803 2.144 105.290 2.635
201806 2.655 106.317 3.232
201809 3.051 106.507 3.707
201812 1.921 105.998 2.345
201903 3.034 107.251 3.661
201906 3.488 108.070 4.177
201909 3.554 108.329 4.246
201912 2.268 108.420 2.707
202003 0.313 108.902 0.372
202006 0.965 108.767 1.148
202009 2.367 109.815 2.790
202012 1.707 109.897 2.010
202103 1.666 111.754 1.929
202106 3.100 114.631 3.500
202109 2.556 115.734 2.858
202112 3.603 117.630 3.964
202203 3.001 121.301 3.202
202206 3.933 125.017 4.072
202209 3.521 125.227 3.639
202212 3.496 125.222 3.613
202303 2.358 127.348 2.396
202306 1.006 128.729 1.011
202309 3.645 129.860 3.633
202312 2.614 129.419 2.614

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


Azrieli Group  (XTAE:AZRG) 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.

Azrieli Group's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=218.80/11.65
=18.78

* 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 Azrieli Group was 27.76. The lowest was 14.34. And the median was 20.88.


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.


Azrieli Group Cyclically Adjusted FCF per Share Related Terms

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


Azrieli Group (XTAE:AZRG) Business Description

Industry
Traded in Other Exchanges
Address
1 Azrieli Center, Tel Aviv, ISR, 6702101
Azrieli Group Ltd manages and operates companies that own properties across Israel, subsidiaries in the energy, water, and environment industries, a card company, and a bank. The company's income-producing properties include shopping malls, office towers, industrial buildings, and residential properties. In addition to owning properties in Israel, the portfolio consists of a minor number of international properties. Under the energy business, holdings include marketing and distribution of refined oil and water desalination, wastewater purification, and sludge treatment facilities.

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