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Four Corners Property Trust (FRA:4Z1) Cyclically Adjusted Price-to-FCF : 15.56 (As of Jun. 09, 2024)


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What is Four Corners Property Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Four Corners Property Trust's current share price is €22.40. Four Corners Property Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.44. Four Corners Property Trust's Cyclically Adjusted Price-to-FCF for today is 15.56.

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

FRA:4Z1' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.04   Med: 15.12   Max: 16.04
Current: 15.18

During the past years, Four Corners Property Trust's highest Cyclically Adjusted Price-to-FCF was 16.04. The lowest was 13.04. And the median was 15.12.

FRA:4Z1's Cyclically Adjusted Price-to-FCF is ranked worse than
63.24% of 389 companies
in the REITs industry
Industry Median: 11.47 vs FRA:4Z1: 15.18

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.

Four Corners Property Trust's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.276. 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 €1.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Four Corners Property Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Four Corners Property 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.

* Premium members only.

Four Corners Property Trust Cyclically Adjusted Price-to-FCF Chart

Four Corners Property Trust 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 - - - - 16.08

Four Corners Property Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - 14.07 16.08 15.38

Competitive Comparison of Four Corners Property Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Four Corners Property 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.


Four Corners Property Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Four Corners Property Trust's Cyclically Adjusted Price-to-FCF falls into.



Four Corners Property 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.

Four Corners Property Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.40/1.44
=15.56

* 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.

Four Corners Property Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Four Corners Property Trust'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)
=0.276/131.7762*131.7762
=0.276

Current CPI (Mar. 2024) = 131.7762.

Four Corners Property Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 -0.003 99.621 -0.004
201506 0.010 100.684 0.013
201509 0.010 100.392 0.013
201512 0.448 99.792 0.592
201603 0.246 100.470 0.323
201606 0.255 101.688 0.330
201609 0.273 101.861 0.353
201612 0.306 101.863 0.396
201703 0.296 102.862 0.379
201706 0.298 103.349 0.380
201709 0.287 104.136 0.363
201712 0.259 104.011 0.328
201803 0.287 105.290 0.359
201806 0.266 106.317 0.330
201809 0.327 106.507 0.405
201812 0.191 105.998 0.237
201903 0.425 107.251 0.522
201906 0.273 108.070 0.333
201909 0.361 108.329 0.439
201912 0.305 108.420 0.371
202003 0.220 108.902 0.266
202006 0.247 108.767 0.299
202009 0.342 109.815 0.410
202012 0.288 109.897 0.345
202103 0.351 111.754 0.414
202106 0.295 114.631 0.339
202109 0.391 115.734 0.445
202112 0.319 117.630 0.357
202203 0.393 121.301 0.427
202206 0.357 125.017 0.376
202209 0.542 125.227 0.570
202212 0.367 125.222 0.386
202303 0.411 127.348 0.425
202306 0.502 128.729 0.514
202309 0.446 129.860 0.453
202312 0.368 129.419 0.375
202403 0.276 131.776 0.276

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.


Four Corners Property Trust  (FRA:4Z1) 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.


Four Corners Property Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Four Corners Property Trust (FRA:4Z1) Business Description

Traded in Other Exchanges
Address
591 Redwood Highway, Suite 3215, Mill Valley, CA, USA, 94941
Four Corners Property Trust Inc is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. The firm operates through two segments namely, real estate operations and restaurant operations. The real estate operations segment consists of rental revenues primarily generated by leasing restaurant and retail properties to tenants. The restaurant operations segment is conducted through a taxable REIT subsidiary (TRS) and consists of Kerrow Restaurant Operating Business. The firm generates most of the revenue from the real estate operations segment.

Four Corners Property Trust (FRA:4Z1) Headlines

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