GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Frasers Centrepoint Trust (SGX:J69U) » Definitions » Cyclically Adjusted Price-to-FCF

Frasers Centrepoint Trust (SGX:J69U) Cyclically Adjusted Price-to-FCF : 15.50 (As of Jun. 03, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Frasers Centrepoint Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-06-03), Frasers Centrepoint Trust's current share price is S$2.17. Frasers Centrepoint Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 was S$0.14. Frasers Centrepoint Trust's Cyclically Adjusted Price-to-FCF for today is 15.50.

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

SGX:J69U' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.58   Med: 20.73   Max: 25
Current: 15.84

During the past 13 years, Frasers Centrepoint Trust's highest Cyclically Adjusted Price-to-FCF was 25.00. The lowest was 13.58. And the median was 20.73.

SGX:J69U's Cyclically Adjusted Price-to-FCF is ranked worse than
64.01% of 389 companies
in the REITs industry
Industry Median: 11.45 vs SGX:J69U: 15.84

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.

Frasers Centrepoint Trust's adjusted free cash flow per share data of for the fiscal year that ended in Sep23 was S$0.137. 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$0.14 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Frasers Centrepoint Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Frasers Centrepoint 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.

Frasers Centrepoint Trust Cyclically Adjusted Price-to-FCF Chart

Frasers Centrepoint Trust Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.36 21.05 18.42 16.12 15.99

Frasers Centrepoint Trust Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 - 16.12 - 15.99 -

Competitive Comparison of Frasers Centrepoint Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Frasers Centrepoint 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.


Frasers Centrepoint Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Frasers Centrepoint 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.

Frasers Centrepoint Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.17/0.14
=15.50

* 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.

Frasers Centrepoint Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Frasers Centrepoint Trust's adjusted Free Cash Flow per Share data for the fiscal year that ended in Sep23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=0.137/129.8595*129.8595
=0.137

Current CPI (Sep23) = 129.8595.

Frasers Centrepoint Trust Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.115 100.428 0.149
201509 0.124 100.392 0.160
201609 0.117 101.861 0.149
201709 0.101 104.136 0.126
201809 0.130 106.507 0.159
201909 0.126 108.329 0.151
202009 0.060 109.815 0.071
202109 0.115 115.734 0.129
202209 0.134 125.227 0.139
202309 0.137 129.860 0.137

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.


Frasers Centrepoint Trust  (SGX:J69U) 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.


Frasers Centrepoint Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Frasers Centrepoint Trust (SGX:J69U) Business Description

Industry
Traded in Other Exchanges
Address
10 Marina Boulevard, Marina Bay Financial Centre, Tower 2 Number 48-01, Singapore, SGP, 018983
Frasers Centrepoint Trust is a real estate investment trust listed on the Singapore Exchange that predominately invests in suburban retail assets in Singapore. Its portfolio consists of 11 retail malls (of which two are not wholly owned) and one office property with a total valuation of SGD 7.6 billion as at Sept. 30, 2023. FCT also holds a: i) 30.97% interest in Hektar REIT, a retail-focused REIT in Malaysia; and ii) 43.7% interest in Changi City Carpark. The trust is externally managed by Frasers Centrepoint Asset Management, a wholly owned subsidiary of Frasers Property Limited that has a 41.2% direct and indirect interest in FCT.

Frasers Centrepoint Trust (SGX:J69U) Headlines

No Headlines