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Alexander's (STU:AXE) Cyclically Adjusted Price-to-FCF : 8.99 (As of May. 29, 2024)


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What is Alexander's Cyclically Adjusted Price-to-FCF?

As of today (2024-05-29), Alexander's's current share price is €189.00. Alexander's's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €21.03. Alexander's's Cyclically Adjusted Price-to-FCF for today is 8.99.

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

STU:AXE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.96   Med: 18.33   Max: 11324.75
Current: 8.97

During the past years, Alexander's's highest Cyclically Adjusted Price-to-FCF was 11324.75. The lowest was 6.96. And the median was 18.33.

STU:AXE's Cyclically Adjusted Price-to-FCF is ranked better than
64.78% of 389 companies
in the REITs industry
Industry Median: 11.3 vs STU:AXE: 8.97

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.

Alexander's's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €3.017. 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 €21.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alexander's Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Alexander's'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.

Alexander's Cyclically Adjusted Price-to-FCF Chart

Alexander's 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 17.37 13.85 11.87 9.74 9.05

Alexander's 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 8.60 7.63 7.82 9.05 9.32

Competitive Comparison of Alexander's's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Alexander's'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.


Alexander's's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Alexander's 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.

Alexander's's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=189.00/21.03
=8.99

* 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.

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

For example, Alexander's'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)
=3.017/131.7762*131.7762
=3.017

Current CPI (Mar. 2024) = 131.7762.

Alexander's Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.600 100.560 -3.407
201409 6.703 100.428 8.795
201412 -2.685 99.070 -3.571
201503 8.152 99.621 10.783
201506 -3.500 100.684 -4.581
201509 8.233 100.392 10.807
201512 6.094 99.792 8.047
201603 7.969 100.470 10.452
201606 -2.199 101.688 -2.850
201609 8.563 101.861 11.078
201612 9.067 101.863 11.730
201703 7.609 102.862 9.748
201706 -1.012 103.349 -1.290
201709 5.970 104.136 7.555
201712 8.459 104.011 10.717
201803 5.834 105.290 7.302
201806 -0.559 106.317 -0.693
201809 5.558 106.507 6.877
201812 1.183 105.998 1.471
201903 8.316 107.251 10.218
201906 0.470 108.070 0.573
201909 8.719 108.329 10.606
201912 4.592 108.420 5.581
202003 4.426 108.902 5.356
202006 4.807 108.767 5.824
202009 0.458 109.815 0.550
202012 3.618 109.897 4.338
202103 8.850 111.754 10.436
202106 1.386 114.631 1.593
202109 4.711 115.734 5.364
202112 4.758 117.630 5.330
202203 5.703 121.301 6.195
202206 11.284 125.017 11.894
202209 -3.374 125.227 -3.550
202212 4.851 125.222 5.105
202303 3.777 127.348 3.908
202306 8.129 128.729 8.321
202309 -0.282 129.860 -0.286
202312 7.996 129.419 8.142
202403 3.017 131.776 3.017

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.


Alexander's  (STU:AXE) 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.


Alexander's Cyclically Adjusted Price-to-FCF Related Terms

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Alexander's (STU:AXE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Alexander's Inc (STU:AXE) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
210 Route 4 East, Paramus, NJ, USA, 07652
Alexander's Inc is a real estate investment trust engaged in leasing, managing, developing and redeveloping its properties. It has six properties in the greater New York City metropolitan area. All of the revenues come from properties located in New York City which include revenues from leasing of space to tenants at their properties and revenues from parking and tenant services.

Alexander's (STU:AXE) Headlines

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