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COPT Defense Properties (FRA:WX7) Cyclically Adjusted Price-to-FCF : 10.52 (As of Jun. 11, 2024)


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What is COPT Defense Properties Cyclically Adjusted Price-to-FCF?

As of today (2024-06-11), COPT Defense Properties's current share price is €22.40. COPT Defense Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.13. COPT Defense Properties's Cyclically Adjusted Price-to-FCF for today is 10.52.

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

FRA:WX7' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.93   Med: 13.21   Max: 111.52
Current: 10.43

During the past years, COPT Defense Properties's highest Cyclically Adjusted Price-to-FCF was 111.52. The lowest was 7.93. And the median was 13.21.

FRA:WX7's Cyclically Adjusted Price-to-FCF is ranked better than
55.27% of 389 companies
in the REITs industry
Industry Median: 11.36 vs FRA:WX7: 10.43

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.

COPT Defense Properties's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.348. 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 €2.13 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


COPT Defense Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for COPT Defense Properties'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.

COPT Defense Properties Cyclically Adjusted Price-to-FCF Chart

COPT Defense Properties 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 14.14 12.66 12.89 11.73 11.11

COPT Defense Properties 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 10.60 10.26 10.22 11.11 10.40

Competitive Comparison of COPT Defense Properties's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, COPT Defense Properties'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.


COPT Defense Properties's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where COPT Defense Properties's Cyclically Adjusted Price-to-FCF falls into.



COPT Defense Properties 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.

COPT Defense Properties's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.40/2.13
=10.52

* 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.

COPT Defense Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, COPT Defense Properties'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)
=0.348/131.7762*131.7762
=0.348

Current CPI (Mar. 2024) = 131.7762.

COPT Defense Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.371 100.560 0.486
201409 0.325 100.428 0.426
201412 0.375 99.070 0.499
201503 0.378 99.621 0.500
201506 0.722 100.684 0.945
201509 0.195 100.392 0.256
201512 0.429 99.792 0.566
201603 0.361 100.470 0.473
201606 0.665 101.688 0.862
201609 0.373 101.861 0.483
201612 0.596 101.863 0.771
201703 0.521 102.862 0.667
201706 0.456 103.349 0.581
201709 0.410 104.136 0.519
201712 0.450 104.011 0.570
201803 0.168 105.290 0.210
201806 0.429 106.317 0.532
201809 0.296 106.507 0.366
201812 0.388 105.998 0.482
201903 0.403 107.251 0.495
201906 0.413 108.070 0.504
201909 0.322 108.329 0.392
201912 0.493 108.420 0.599
202003 0.459 108.902 0.555
202006 0.540 108.767 0.654
202009 0.070 109.815 0.084
202012 0.524 109.897 0.628
202103 0.261 111.754 0.308
202106 0.671 114.631 0.771
202109 0.416 115.734 0.474
202112 0.302 117.630 0.338
202203 0.308 121.301 0.335
202206 0.663 125.017 0.699
202209 0.370 125.227 0.389
202212 0.595 125.222 0.626
202303 0.441 127.348 0.456
202306 0.652 128.729 0.667
202309 0.530 129.860 0.538
202312 0.486 129.419 0.495
202403 0.348 131.776 0.348

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.


COPT Defense Properties  (FRA:WX7) 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.


COPT Defense Properties Cyclically Adjusted Price-to-FCF Related Terms

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


COPT Defense Properties (FRA:WX7) Business Description

Industry
Traded in Other Exchanges
Address
6711 Columbia Gateway Drive, Suite 300, Columbia, MD, USA, 21046
COPT Defense Properties is a real estate investment trust that acquires, manages, and leases office and data center properties throughout the U.S. The majority of the company's real estate portfolio is composed of office buildings in the Baltimore-Washington Corridor and Northern Virginia area. COPT derives nearly all of its income in the form of rental revenue from tenants. Most of the company's revenue comes from the leasing of properties to U.S. Government agencies and its contractors in the national security, defense, and IT sectors, such as Northrop Grumman and Boeing. Regional offices in urban submarkets make also make up a sizable percentage of COPT's total square footage.

COPT Defense Properties (FRA:WX7) Headlines

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