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Simon Property Group (LIM:SPG) Cyclically Adjusted Price-to-FCF : 19.12 (As of May. 22, 2024)


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What is Simon Property Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Simon Property Group's current share price is $147.20. Simon Property Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $7.70. Simon Property Group's Cyclically Adjusted Price-to-FCF for today is 19.12.

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

LIM:SPG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.07   Med: 24.4   Max: 44.64
Current: 14.74

During the past years, Simon Property Group's highest Cyclically Adjusted Price-to-FCF was 44.64. The lowest was 6.07. And the median was 24.40.

LIM:SPG's Cyclically Adjusted Price-to-FCF is ranked worse than
59.79% of 388 companies
in the REITs industry
Industry Median: 11.6 vs LIM:SPG: 14.74

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.

Simon Property Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.872. 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 $7.70 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Simon Property Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Simon Property Group'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.

Simon Property Group Cyclically Adjusted Price-to-FCF Chart

Simon Property Group 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 19.46 11.02 18.59 12.53 14.45

Simon Property Group 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 11.67 11.82 10.94 14.45 15.58

Competitive Comparison of Simon Property Group's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Simon Property Group'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.


Simon Property Group's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Simon Property Group's Cyclically Adjusted Price-to-FCF falls into.



Simon Property Group 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.

Simon Property Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=147.20/7.7
=19.12

* 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.

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

For example, Simon Property Group'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)
=1.872/131.7762*131.7762
=1.872

Current CPI (Mar. 2024) = 131.7762.

Simon Property Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.452 100.560 1.903
201409 1.802 100.428 2.364
201412 1.508 99.070 2.006
201503 1.432 99.621 1.894
201506 1.767 100.684 2.313
201509 1.460 100.392 1.916
201512 1.803 99.792 2.381
201603 1.718 100.470 2.253
201606 2.486 101.688 3.222
201609 2.053 101.861 2.656
201612 1.972 101.863 2.551
201703 2.037 102.862 2.610
201706 2.739 103.349 3.492
201709 2.385 104.136 3.018
201712 2.025 104.011 2.566
201803 2.160 105.290 2.703
201806 2.687 106.317 3.330
201809 2.144 106.507 2.653
201812 2.598 105.998 3.230
201903 2.008 107.251 2.467
201906 2.798 108.070 3.412
201909 2.412 108.329 2.934
201912 2.302 108.420 2.798
202003 1.723 108.902 2.085
202006 -0.168 108.767 -0.204
202009 1.827 109.815 2.192
202012 2.548 109.897 3.055
202103 2.316 111.754 2.731
202106 2.703 114.631 3.107
202109 2.081 115.734 2.369
202112 2.363 117.630 2.647
202203 1.939 121.301 2.106
202206 2.881 125.017 3.037
202209 2.400 125.227 2.526
202212 2.286 125.222 2.406
202303 2.027 127.348 2.097
202306 2.776 128.729 2.842
202309 2.165 129.860 2.197
202312 2.634 129.419 2.682
202403 1.872 131.776 1.872

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.


Simon Property Group  (LIM:SPG) 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.


Simon Property Group Cyclically Adjusted Price-to-FCF Related Terms

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


Simon Property Group (LIM:SPG) Business Description

Industry
Address
225 West Washington Street, Indianapolis, IN, USA, 46204
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.

Simon Property Group (LIM:SPG) Headlines