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Cromwell Property Group (ASX:CMW) Cyclically Adjusted Price-to-FCF : 4.67 (As of May. 17, 2024)


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What is Cromwell Property Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Cromwell Property Group's current share price is A$0.42. Cromwell Property Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was A$0.09. Cromwell Property Group's Cyclically Adjusted Price-to-FCF for today is 4.67.

The historical rank and industry rank for Cromwell Property Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ASX:CMW' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.72   Med: 13.32   Max: 26.51
Current: 4.6

During the past 13 years, Cromwell Property Group's highest Cyclically Adjusted Price-to-FCF was 26.51. The lowest was 3.72. And the median was 13.32.

ASX:CMW's Cyclically Adjusted Price-to-FCF is ranked better than
86.82% of 387 companies
in the REITs industry
Industry Median: 11.72 vs ASX:CMW: 4.60

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.

Cromwell Property Group's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was A$0.056. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is A$0.09 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cromwell Property Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cromwell Property Group's Cyclically Adjusted Price-to-FCF 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.

Cromwell Property Group Cyclically Adjusted Price-to-FCF Chart

Cromwell Property Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.72 11.05 10.53 8.87 6.23

Cromwell Property Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cyclically Adjusted Price-to-FCF 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 - 8.87 - 6.23 -

Competitive Comparison of Cromwell Property Group's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Cromwell Property 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.


Cromwell Property Group's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Cromwell Property Group Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Cromwell Property Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.42/0.09
=4.67

* 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.

Cromwell Property Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Cromwell Property Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.056/124.1700*124.1700
=0.056

Current CPI (Jun23) = 124.1700.

Cromwell Property Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.084 98.352 0.106
201506 0.081 99.838 0.101
201606 0.089 100.859 0.110
201706 0.086 102.809 0.104
201806 0.062 104.945 0.073
201906 0.060 106.617 0.070
202006 0.075 106.246 0.088
202106 0.072 110.332 0.081
202206 0.066 117.112 0.070
202306 0.056 124.170 0.056

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


Cromwell Property Group  (ASX:CMW) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Cromwell Property Group Cyclically Adjusted Price-to-FCF Related Terms

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


Cromwell Property Group (ASX:CMW) Business Description

Industry
Traded in Other Exchanges
Address
200 Mary Street, Level 19, Brisbane, QLD, AUS, 4000
Cromwell Property Group is an internally managed Australian real estate investment trust. It owns an Australian portfolio of (mostly office) properties and also develops and manages properties on behalf of third-party investors. The group is exploring opportunities to sell some assets, and to spin out its office portfolio into a separate REIT, leaving the Cromwell business to focus more on funds management. The timetable is uncertain given high interest rates are a headwind for property sales and sentiment toward office stocks has been depressed since the rise of hybrid working.

Cromwell Property Group (ASX:CMW) Headlines

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