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Highlands REIT (Highlands REIT) Cyclically Adjusted Price-to-FCF : 3.80 (As of Jun. 11, 2024)


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What is Highlands REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-06-11), Highlands REIT's current share price is $0.076. Highlands REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $0.02. Highlands REIT's Cyclically Adjusted Price-to-FCF for today is 3.80.

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

HHDS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.01   Med: 2.67   Max: 5
Current: 3.27

During the past 10 years, Highlands REIT's highest Cyclically Adjusted Price-to-FCF was 5.00. The lowest was 0.01. And the median was 2.67.

HHDS's Cyclically Adjusted Price-to-FCF is ranked better than
91.52% of 389 companies
in the REITs industry
Industry Median: 11.36 vs HHDS: 3.27

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.

Highlands REIT's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $-0.009. 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 $0.02 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Highlands REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Highlands 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.

Highlands REIT Cyclically Adjusted Price-to-FCF Chart

Highlands REIT 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 - - - - 0.72

Highlands REIT 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 - - - 0.72 -

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

For the REIT - Diversified subindustry, Highlands 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.


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

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

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



Highlands 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.076/0.02
=3.80

* 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.

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

For example, Highlands 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)
=-0.009/129.4194*129.4194
=-0.009

Current CPI (Dec23) = 129.4194.

Highlands REIT Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.057 99.070 0.074
201512 0.058 99.792 0.075
201612 0.042 101.863 0.053
201712 0.020 104.011 0.025
201812 0.011 105.998 0.013
201912 0.017 108.420 0.020
202012 -0.006 109.897 -0.007
202112 -0.010 117.630 -0.011
202212 -0.002 125.222 -0.002
202312 -0.009 129.419 -0.009

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.


Highlands REIT  (OTCPK:HHDS) 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.


Highlands REIT Cyclically Adjusted Price-to-FCF Related Terms

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


Highlands REIT (Highlands REIT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1 South Dearborn Street, 20th Floor, Chicago, IL, USA, 60603
Highlands REIT Inc is an independent, self-advised, non-traded real estate investment trust. The company's portfolio consists of office, industrial, retail and apartment assets, correctional facility, and unimproved land. Its business activities are operated through two business segments namely Multi-family and other. The company generates maximum revenue from the Multi-family segment.
Executives
Kimberly A Karas officer: See Remarks 1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Jeffrey L. Shekell director 1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Robert J. Lange officer: See Remarks 1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Paul A. Melkus director 332 S MICHIGAN AVENUE, NINTH FLOOR, CHICAGO IL 60604
R. David Turner director 1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Inventrust Properties Corp. 10 percent owner 3025 HIGHLAND PARKWAY SUITE 350, DOWNERS GROVE IL 60515
Richard Vance director, officer: See Remarks 1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Joseph M. Giannini officer: See Remarks 332 S MICHIGAN AVENUE, NINTH FLOOR, CHICAGO IL 60604

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