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Scentre Group (ASX:SCG) Cyclically Adjusted Price-to-FCF : 11.46 (As of May. 21, 2024)


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What is Scentre Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-21), Scentre Group's current share price is A$3.21. Scentre Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was A$0.28. Scentre Group's Cyclically Adjusted Price-to-FCF for today is 11.46.

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

ASX:SCG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.34   Med: 10.48   Max: 12.56
Current: 11.5

During the past 13 years, Scentre Group's highest Cyclically Adjusted Price-to-FCF was 12.56. The lowest was 8.34. And the median was 10.48.

ASX:SCG's Cyclically Adjusted Price-to-FCF is ranked better than
50.26% of 388 companies
in the REITs industry
Industry Median: 11.695 vs ASX:SCG: 11.50

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.

Scentre Group's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was A$0.120. 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$0.28 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Scentre Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Scentre 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.

Scentre Group Cyclically Adjusted Price-to-FCF Chart

Scentre Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 10.11 11.51 10.05 10.74

Scentre 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 11.51 - 10.05 - 10.74

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

For the REIT - Retail subindustry, Scentre 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.


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

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

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



Scentre 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.21/0.28
=11.46

* 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.

Scentre Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Scentre Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.12/126.3989*126.3989
=0.120

Current CPI (Dec23) = 126.3989.

Scentre Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.469 99.002 0.599
201512 0.327 100.673 0.411
201612 0.207 102.159 0.256
201712 0.226 104.110 0.274
201812 0.239 105.967 0.285
201912 0.241 107.917 0.282
202012 0.128 108.846 0.149
202112 0.166 112.654 0.186
202212 0.213 121.477 0.222
202312 0.120 126.399 0.120

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.


Scentre Group  (ASX:SCG) 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.


Scentre Group Cyclically Adjusted Price-to-FCF Related Terms

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


Scentre Group (ASX:SCG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Scentre Group (ASX:SCG) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000
Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning most of the top 10 Australian and top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants. About a third of floor space is currently allocated to department stores, however we expect tenants to return a reasonable portion of that space over the next decade, or alternatively, department store rent to be renegotiated to lower levels. While almost every Scentre mall is anchored by at least one supermarket, these tenants accounts for less than 10% of gross lettable area, due to the large size of Scentre's assets.