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Mitsubishi Estate Co (STU:MES) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


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What is Mitsubishi Estate Co Cyclically Adjusted Price-to-FCF?

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Mitsubishi Estate Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mitsubishi Estate Co'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.

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Mitsubishi Estate Co Cyclically Adjusted Price-to-FCF Chart

Mitsubishi Estate Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
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Mitsubishi Estate Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Mitsubishi Estate Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Diversified subindustry, Mitsubishi Estate Co'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.


Mitsubishi Estate Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Mitsubishi Estate Co 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.

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

For example, Mitsubishi Estate Co'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)
=0.405/107.2000*107.2000
=0.405

Current CPI (Mar. 2024) = 107.2000.

Mitsubishi Estate Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.615 98.000 -0.673
201409 0.231 98.500 0.251
201412 0.110 97.900 0.120
201503 0.410 97.900 0.449
201506 -0.358 98.400 -0.390
201509 0.383 98.500 0.417
201512 -0.532 98.100 -0.581
201603 -0.255 97.900 -0.279
201606 -0.792 98.100 -0.865
201609 0.184 98.000 0.201
201612 0.015 98.400 0.016
201703 -0.050 98.100 -0.055
201706 -0.186 98.500 -0.202
201709 -0.185 98.800 -0.201
201712 0.002 99.400 0.002
201803 0.383 99.200 0.414
201806 -0.329 99.200 -0.356
201809 0.295 99.900 0.317
201812 -0.065 99.700 -0.070
201903 0.444 99.700 0.477
201906 0.019 99.800 0.020
201909 -0.538 100.100 -0.576
201912 -0.243 100.500 -0.259
202003 0.838 100.300 0.896
202006 -0.535 99.900 -0.574
202009 0.077 99.900 0.083
202012 -0.351 99.300 -0.379
202103 0.120 99.900 0.129
202106 -0.404 99.500 -0.435
202109 -0.215 100.100 -0.230
202112 0.385 100.100 0.412
202203 -0.035 101.100 -0.037
202206 -0.531 101.800 -0.559
202209 -0.188 103.100 -0.195
202212 -0.161 104.100 -0.166
202303 0.795 104.400 0.816
202306 -0.380 105.200 -0.387
202309 -0.118 106.200 -0.119
202312 -0.646 106.800 -0.648
202403 0.405 107.200 0.405

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.


Mitsubishi Estate Co  (STU:MES) 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.


Mitsubishi Estate Co Cyclically Adjusted Price-to-FCF Related Terms

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Mitsubishi Estate Co (STU:MES) Business Description

Industry
Traded in Other Exchanges
Address
Otemachi 1-chome, Otemachi Park Building, 1-1, Chiyoda-ku, Tokyo, JPN, 100-8133
Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.

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