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Target Healthcare REIT (LSE:THRL) Cyclically Adjusted Price-to-FCF : 12.85 (As of Jun. 11, 2024)


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What is Target Healthcare REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-06-11), Target Healthcare REIT's current share price is £0.771. Target Healthcare REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was £0.06. Target Healthcare REIT's Cyclically Adjusted Price-to-FCF for today is 12.85.

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

LSE:THRL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.33   Med: 13.13   Max: 14.45
Current: 12.99

During the past 10 years, Target Healthcare REIT's highest Cyclically Adjusted Price-to-FCF was 14.45. The lowest was 11.33. And the median was 13.13.

LSE:THRL's Cyclically Adjusted Price-to-FCF is ranked worse than
56.3% of 389 companies
in the REITs industry
Industry Median: 11.36 vs LSE:THRL: 12.99

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.

Target Healthcare REIT's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was £0.048. 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 £0.06 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Target Healthcare REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Target Healthcare 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.

Target Healthcare REIT Cyclically Adjusted Price-to-FCF Chart

Target Healthcare REIT Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 11.94

Target Healthcare REIT Semi-Annual Data
Jul13 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 - - - 11.94 -

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

For the REIT - Healthcare Facilities subindustry, Target Healthcare 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.


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

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

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



Target Healthcare 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.771/0.06
=12.85

* 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.

Target Healthcare REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Target Healthcare REIT's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.048/129.4000*129.4000
=0.048

Current CPI (Jun23) = 129.4000.

Target Healthcare REIT Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 99.800 0.000
201506 0.063 100.100 0.081
201606 0.053 101.000 0.068
201706 0.013 103.500 0.016
201806 0.078 105.900 0.095
201906 0.049 107.900 0.059
202006 0.049 108.800 0.058
202106 0.052 111.400 0.060
202206 0.051 120.500 0.055
202306 0.048 129.400 0.048

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.


Target Healthcare REIT  (LSE:THRL) 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.


Target Healthcare REIT Cyclically Adjusted Price-to-FCF Related Terms

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


Target Healthcare REIT (LSE:THRL) Business Description

Industry
Traded in Other Exchanges
Address
69 Old Broad Street, Level 4, Dashwood House, London, GBR, EC2M 1QS
Target Healthcare REIT PLC is a closed-ended investment company, which acts as a long-term investor in care homes in the UK. The investment objective of the company is to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified portfolio of freehold and long-leasehold care homes. The company pursues its objective by investing in a portfolio of care homes, in the United Kingdom, that are let to care home operators on repairing and insuring leases.

Target Healthcare REIT (LSE:THRL) Headlines

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