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CapitaLand Ascendas REIT (FRA:S3Z) Cyclically Adjusted Price-to-FCF : 12.50 (As of May. 20, 2024)


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What is CapitaLand Ascendas REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), CapitaLand Ascendas REIT's current share price is €1.7504. CapitaLand Ascendas REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was €0.14. CapitaLand Ascendas REIT's Cyclically Adjusted Price-to-FCF for today is 12.50.

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

FRA:S3Z' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.55   Med: 15.41   Max: 19.67
Current: 11.95

During the past 13 years, CapitaLand Ascendas REIT's highest Cyclically Adjusted Price-to-FCF was 19.67. The lowest was 11.55. And the median was 15.41.

FRA:S3Z's Cyclically Adjusted Price-to-FCF is ranked worse than
51.8% of 388 companies
in the REITs industry
Industry Median: 11.695 vs FRA:S3Z: 11.95

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.

CapitaLand Ascendas REIT's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was €0.152. 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 €0.14 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


CapitaLand Ascendas REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CapitaLand Ascendas REIT'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.

CapitaLand Ascendas REIT Cyclically Adjusted Price-to-FCF Chart

CapitaLand Ascendas REIT Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.91 16.32 14.95 12.79 13.66

CapitaLand Ascendas REIT Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 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 14.95 - 12.79 - 13.66

Competitive Comparison of CapitaLand Ascendas REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, CapitaLand Ascendas REIT'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.


CapitaLand Ascendas REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where CapitaLand Ascendas REIT's Cyclically Adjusted Price-to-FCF falls into.



CapitaLand Ascendas REIT 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.

CapitaLand Ascendas REIT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.7504/0.14
=12.50

* 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.

CapitaLand Ascendas REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, CapitaLand Ascendas REIT'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)
=0.152/129.4194*129.4194
=0.152

Current CPI (Dec23) = 129.4194.

CapitaLand Ascendas REIT Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.088 99.695 0.114
201503 0.098 99.621 0.127
201603 0.118 100.470 0.152
201703 0.124 102.862 0.156
201803 0.111 105.290 0.136
201903 0.129 107.251 0.156
202012 0.123 109.897 0.145
202112 0.114 117.630 0.125
202212 0.169 125.222 0.175
202312 0.152 129.419 0.152

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.


CapitaLand Ascendas REIT  (FRA:S3Z) 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.


CapitaLand Ascendas REIT Cyclically Adjusted Price-to-FCF Related Terms

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


CapitaLand Ascendas REIT (FRA:S3Z) Business Description

Industry
Traded in Other Exchanges
Address
168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912
CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2022, it held a SGD 16.4 billion portfolio of 220 properties across Singapore, Australia, Europe, and the U.S. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns an 18% stake in the trust.

CapitaLand Ascendas REIT (FRA:S3Z) Headlines

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