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Mapletree Industrial Trust (SGX:ME8U) Cyclically Adjusted Price-to-FCF : 13.69 (As of May. 29, 2024)


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What is Mapletree Industrial Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-05-29), Mapletree Industrial Trust's current share price is S$2.19. Mapletree Industrial Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was S$0.16. Mapletree Industrial Trust's Cyclically Adjusted Price-to-FCF for today is 13.69.

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

SGX:ME8U' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.08   Med: 17.32   Max: 23.85
Current: 13.84

During the past years, Mapletree Industrial Trust's highest Cyclically Adjusted Price-to-FCF was 23.85. The lowest was 13.08. And the median was 17.32.

SGX:ME8U's Cyclically Adjusted Price-to-FCF is ranked worse than
58.87% of 389 companies
in the REITs industry
Industry Median: 11.3 vs SGX:ME8U: 13.84

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.

Mapletree Industrial Trust's adjusted free cash flow per share data for the three months ended in Dec. 2023 was S$0.036. 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$0.16 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mapletree Industrial Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mapletree Industrial 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.

Mapletree Industrial Trust Cyclically Adjusted Price-to-FCF Chart

Mapletree Industrial Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 15.46 20.77 18.06 14.89

Mapletree Industrial Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 14.38 14.89 13.86 14.16 15.72

Competitive Comparison of Mapletree Industrial Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, Mapletree Industrial 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.


Mapletree Industrial Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Mapletree Industrial 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.

Mapletree Industrial Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.19/0.16
=13.69

* 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.

Mapletree Industrial Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Mapletree Industrial Trust's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.036/129.4194*129.4194
=0.036

Current CPI (Dec. 2023) = 129.4194.

Mapletree Industrial Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.024 99.695 0.031
201406 0.033 100.560 0.042
201409 0.029 100.428 0.037
201412 0.027 99.070 0.035
201503 0.029 99.621 0.038
201506 0.030 100.684 0.039
201509 0.032 100.392 0.041
201512 0.030 99.792 0.039
201603 0.031 100.470 0.040
201606 0.032 101.688 0.041
201609 0.032 101.861 0.041
201612 0.034 101.863 0.043
201703 0.031 102.862 0.039
201706 0.030 103.349 0.038
201709 0.033 104.136 0.041
201712 0.041 104.011 0.051
201803 0.029 105.290 0.036
201806 0.028 106.317 0.034
201809 0.036 106.507 0.044
201812 0.035 105.998 0.043
201903 0.033 107.251 0.040
201906 0.030 108.070 0.036
201909 0.036 108.329 0.043
201912 0.033 108.420 0.039
202003 0.036 108.902 0.043
202006 0.019 108.767 0.023
202009 0.040 109.815 0.047
202012 0.046 109.897 0.054
202103 0.005 111.754 0.006
202106 0.015 114.631 0.017
202109 0.076 115.734 0.085
202112 0.047 117.630 0.052
202203 0.050 121.301 0.053
202206 0.032 125.017 0.033
202209 0.047 125.227 0.049
202212 0.037 125.222 0.038
202303 0.049 127.348 0.050
202306 0.034 128.729 0.034
202309 0.027 129.860 0.027
202312 0.036 129.419 0.036

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.


Mapletree Industrial Trust  (SGX:ME8U) 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.


Mapletree Industrial Trust Cyclically Adjusted Price-to-FCF Related Terms

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Mapletree Industrial Trust (SGX:ME8U) Business Description

Industry
Traded in Other Exchanges
Address
10 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Industrial Trust is a real estate investment trust focusing on industrial properties and data centers. Its property portfolio consists of 85 properties in Singapore and 56 properties in North America (including 13 data centers held through a joint venture with its sponsor, Mapletree Investments Private Limited). Types of property owned includes data centers, high-tech buildings, business parks and general industrial. The trust is externally managed by Mapletree Industrial Trust Management Limited, a subsidiary of its sponsor, which owns around 31% stake in the trust.

Mapletree Industrial Trust (SGX:ME8U) Headlines

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