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Fortune Real Estate Investment Trust (HKSE:00778) Cyclically Adjusted Price-to-FCF : 5.56 (As of Jun. 08, 2024)


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What is Fortune Real Estate Investment Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Fortune Real Estate Investment Trust's current share price is HK$4.06. Fortune Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.73. Fortune Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is 5.56.

The historical rank and industry rank for Fortune Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:00778' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.64   Med: 14.76   Max: 34.06
Current: 5.46

During the past 13 years, Fortune Real Estate Investment Trust's highest Cyclically Adjusted Price-to-FCF was 34.06. The lowest was 4.64. And the median was 14.76.

HKSE:00778's Cyclically Adjusted Price-to-FCF is ranked better than
82.26% of 389 companies
in the REITs industry
Industry Median: 11.47 vs HKSE:00778: 5.46

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.

Fortune Real Estate Investment Trust's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.581. 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 HK$0.73 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fortune Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fortune Real Estate Investment 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.

Fortune Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Chart

Fortune Real Estate Investment 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 15.51 12.04 12.11 8.96 6.80

Fortune Real Estate Investment Trust Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 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 12.11 - 8.96 - 6.80

Competitive Comparison of Fortune Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Fortune Real Estate Investment 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.


Fortune Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Fortune Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF falls into.



Fortune Real Estate Investment 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.

Fortune Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.06/0.73
=5.56

* 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.

Fortune Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Fortune Real Estate Investment Trust'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)
=0.581/129.4194*129.4194
=0.581

Current CPI (Dec23) = 129.4194.

Fortune Real Estate Investment Trust Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.555 99.070 0.725
201512 0.624 99.792 0.809
201612 0.681 101.863 0.865
201712 0.672 104.011 0.836
201812 0.665 105.998 0.812
201912 0.716 108.420 0.855
202012 0.502 109.897 0.591
202112 0.555 117.630 0.611
202212 0.591 125.222 0.611
202312 0.581 129.419 0.581

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.


Fortune Real Estate Investment Trust  (HKSE:00778) 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.


Fortune Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Fortune Real Estate Investment Trust (HKSE:00778) Business Description

Traded in Other Exchanges
Address
5 Temasek Boulevard, No. 12-01, Suntec Tower 5, Singapore, SGP, 038985
Fortune Real Estate Investment Trust is a real estate company that invests in retail shopping malls located in Hong Kong and Singapore with the primary objective of producing stable distributions for unitholders and achieving long-term growth in the net asset value per unit. The trust generates the majority of its revenue from rents and leases, with the remaining revenue from utility charges, management fees, car park revenue, license fees, and other sources. Fortune REIT's tenants include supermarkets, banking, and real estate services companies, restaurants, convenience stores, and general retailers.
Executives
Ck Asset Holdings Limited
Li Ka-shing

Fortune Real Estate Investment Trust (HKSE:00778) Headlines

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