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CapitaLand Ascott Trust (SGX:HMN) Cyclically Adjusted Price-to-FCF : 11.25 (As of Jun. 09, 2024)


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What is CapitaLand Ascott Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), CapitaLand Ascott Trust's current share price is S$0.90. CapitaLand Ascott Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was S$0.08. CapitaLand Ascott Trust's Cyclically Adjusted Price-to-FCF for today is 11.25.

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

SGX:HMN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.35   Med: 13   Max: 56.81
Current: 11.84

During the past 13 years, CapitaLand Ascott Trust's highest Cyclically Adjusted Price-to-FCF was 56.81. The lowest was 7.35. And the median was 13.00.

SGX:HMN's Cyclically Adjusted Price-to-FCF is ranked worse than
51.93% of 389 companies
in the REITs industry
Industry Median: 11.47 vs SGX:HMN: 11.84

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.

CapitaLand Ascott Trust's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was S$0.039. 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 S$0.08 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


CapitaLand Ascott Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CapitaLand Ascott 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.

CapitaLand Ascott Trust Cyclically Adjusted Price-to-FCF Chart

CapitaLand Ascott 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 13.96 12.83 12.97 13.09 13.03

CapitaLand Ascott 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 12.97 - 13.09 - 13.03

Competitive Comparison of CapitaLand Ascott Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, CapitaLand Ascott 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.


CapitaLand Ascott Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where CapitaLand Ascott Trust's Cyclically Adjusted Price-to-FCF falls into.



CapitaLand Ascott 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.

CapitaLand Ascott Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.90/0.08
=11.25

* 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.

CapitaLand Ascott Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, CapitaLand Ascott 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)
=0.039/129.4194*129.4194
=0.039

Current CPI (Dec23) = 129.4194.

CapitaLand Ascott Trust Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.071 99.070 0.093
201512 0.081 99.792 0.105
201612 0.085 101.863 0.108
201712 0.075 104.011 0.093
201812 0.092 105.998 0.112
201912 0.090 108.420 0.107
202012 0.014 109.897 0.016
202112 0.012 117.630 0.013
202212 0.070 125.222 0.072
202312 0.039 129.419 0.039

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.


CapitaLand Ascott Trust  (SGX:HMN) 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.


CapitaLand Ascott Trust Cyclically Adjusted Price-to-FCF Related Terms

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


CapitaLand Ascott Trust (SGX:HMN) Business Description

Industry
Traded in Other Exchanges
Address
168 Robinson Road, No. 30-01, Capital Tower, Singapore, SGP, 068912
CapitaLand Ascott Trust, or CLAS, is a hospitality trust focusing on serviced residences, hotels, rental housing and student accommodation. As of Dec. 31, 2022, the trust has a SGD 8.0 billion portfolio, consisting of 105 properties with more than 18,000 units in 47 cities across 15 countries globally. Its main markets include the United States, France, Japan, Singapore, the United Kingdom, Vietnam, China and Australia. The trust is a stapled unit comprising CapitaLand Ascott REIT, which is managed by manager CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust, which is managed by trustee-manager CapitaLand Ascott Business Trust Management Pte. Ltd. Sponsor CapitaLand Investments Limited, owns around a 39% stake in CLAS.