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DCT Industrial Trust (DCT Industrial Trust) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


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What is DCT Industrial Trust Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


DCT Industrial Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for DCT Industrial Trust'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.

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DCT Industrial Trust Cyclically Adjusted Price-to-FCF Chart

DCT Industrial Trust Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted Price-to-FCF
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DCT Industrial Trust Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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Competitive Comparison of DCT Industrial Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, DCT Industrial Trust'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.


DCT Industrial Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where DCT Industrial Trust's Cyclically Adjusted Price-to-FCF falls into.



DCT Industrial Trust 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.

DCT Industrial Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2018 is calculated as:

For example, DCT Industrial Trust's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2018 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2018 (Change)*Current CPI (Jun. 2018)
=-0.049/106.3168*106.3168
=-0.049

Current CPI (Jun. 2018) = 106.3168.

DCT Industrial Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200809 -0.160 92.307 -0.184
200812 -0.799 88.697 -0.958
200903 0.254 89.744 0.301
200906 0.467 91.003 0.546
200909 0.073 91.120 0.085
200912 0.241 91.111 0.281
201003 0.091 91.821 0.105
201006 0.151 91.962 0.175
201009 -0.141 92.162 -0.163
201012 0.501 92.474 0.576
201103 -0.712 94.283 -0.803
201106 -0.095 95.235 -0.106
201109 -1.192 95.727 -1.324
201112 -0.803 95.213 -0.897
201203 -0.119 96.783 -0.131
201206 -0.907 96.819 -0.996
201209 -0.643 97.633 -0.700
201212 -3.433 96.871 -3.768
201303 -0.634 98.209 -0.686
201306 -2.279 98.518 -2.459
201309 -0.699 98.790 -0.752
201312 -1.747 98.326 -1.889
201403 -0.606 99.695 -0.646
201406 -0.853 100.560 -0.902
201409 -1.711 100.428 -1.811
201412 -1.531 99.070 -1.643
201503 -1.103 99.621 -1.177
201506 -0.491 100.684 -0.518
201509 -0.279 100.392 -0.295
201512 -0.813 99.792 -0.866
201603 -0.448 100.470 -0.474
201606 -0.269 101.688 -0.281
201609 -0.687 101.861 -0.717
201612 -0.779 101.863 -0.813
201703 0.030 102.862 0.031
201706 0.424 103.349 0.436
201709 -1.545 104.136 -1.577
201712 -0.858 104.011 -0.877
201803 -0.310 105.290 -0.313
201806 -0.049 106.317 -0.049

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.


DCT Industrial Trust  (NYSE:DCT) 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.


DCT Industrial Trust Cyclically Adjusted Price-to-FCF Related Terms

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DCT Industrial Trust (DCT Industrial Trust) Business Description

Industry
Traded in Other Exchanges
N/A
Address
DCT Industrial Trust Inc is a real estate investment trust engaged in the acquiring, leasing, and managing of large distribution and light industrial warehouses near large U.S. urban markets. The company segments its operations into East, Central, and West divisions. DCT's property portfolio is fairly evenly distributed amongst its three regional units both in terms of total square footage and the percent of total revenue derived from each. The largest cities in each region play host to the most buildings. The company generates nearly all of its revenue in the form of rental revenue from its fairly diversified base of tenants. Manufacturing, transportation and warehousing, and wholesale trade companies account for most of DCT's revenue and total occupied square feet.
Executives
Philip L Hawkins director, officer: President and CEO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Marcus L. Smith director 555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
Mark Skomal officer: Chief Accounting Officer C/O CYRUSONE INC. 2850 N HARWOOD ST STE 2200 DALLAS TX 75201
Raymond B Greer director 1515 WEST 20TH STREET, P.O. BOX 612787, DFW INTERNATIONAL AIRPORT TX 75261
Thomas F August director 6214 PARK LANE, DALLAS TX 75225
Marilyn A Alexander director 565 DUNNEGAN DRIVE, LAGUNA BEACH CA 92651
Thomas G Wattles director, officer: Chairman ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202
Stuart B Brown officer: Chief Financial Officer 518 17TH STREET, SUITE 1700, DENVER CO 80202

DCT Industrial Trust (DCT Industrial Trust) Headlines

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