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Taylor Morrison Home (Taylor Morrison Home) Cyclically Adjusted Price-to-FCF : 14.88 (As of Apr. 29, 2024)


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What is Taylor Morrison Home Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Taylor Morrison Home's current share price is $57.87. Taylor Morrison Home's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.89. Taylor Morrison Home's Cyclically Adjusted Price-to-FCF for today is 14.88.

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

TMHC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.82   Med: 13.86   Max: 25.16
Current: 14.79

During the past years, Taylor Morrison Home's highest Cyclically Adjusted Price-to-FCF was 25.16. The lowest was 9.82. And the median was 13.86.

TMHC's Cyclically Adjusted Price-to-FCF is ranked better than
54.17% of 48 companies
in the Homebuilding & Construction industry
Industry Median: 16.33 vs TMHC: 14.79

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.

Taylor Morrison Home's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $2.471. 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 $3.89 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taylor Morrison Home Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Taylor Morrison Home'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.

Taylor Morrison Home Cyclically Adjusted Price-to-FCF Chart

Taylor Morrison Home 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 - - 19.93 10.40 13.71

Taylor Morrison Home 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 10.40 11.50 12.67 11.05 13.71

Competitive Comparison of Taylor Morrison Home's Cyclically Adjusted Price-to-FCF

For the Residential Construction subindustry, Taylor Morrison Home'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.


Taylor Morrison Home's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Taylor Morrison Home's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Taylor Morrison Home 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.

Taylor Morrison Home's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=57.87/3.89
=14.88

* 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.

Taylor Morrison Home's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Taylor Morrison Home'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)
=2.471/129.4194*129.4194
=2.471

Current CPI (Dec. 2023) = 129.4194.

Taylor Morrison Home Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -2.014 99.695 -2.614
201406 -0.854 100.560 -1.099
201409 -0.164 100.428 -0.211
201412 1.942 99.070 2.537
201503 -1.393 99.621 -1.810
201506 -1.012 100.684 -1.301
201509 0.171 100.392 0.220
201512 0.053 99.792 0.069
201603 -0.143 100.470 -0.184
201606 0.684 101.688 0.871
201609 0.633 101.861 0.804
201612 1.899 101.863 2.413
201703 1.225 102.862 1.541
201706 -0.401 103.349 -0.502
201709 0.263 104.136 0.327
201712 2.087 104.011 2.597
201803 -0.017 105.290 -0.021
201806 0.034 106.317 0.041
201809 0.349 106.507 0.424
201812 0.661 105.998 0.807
201903 -0.309 107.251 -0.373
201906 1.568 108.070 1.878
201909 0.010 108.329 0.012
201912 2.127 108.420 2.539
202003 0.542 108.902 0.644
202006 1.842 108.767 2.192
202009 3.550 109.815 4.184
202012 2.362 109.897 2.782
202103 -1.159 111.754 -1.342
202106 0.261 114.631 0.295
202109 -0.009 115.734 -0.010
202112 3.799 117.630 4.180
202203 0.425 121.301 0.453
202206 1.098 125.017 1.137
202209 2.240 125.227 2.315
202212 5.838 125.222 6.034
202303 3.032 127.348 3.081
202306 2.277 128.729 2.289
202309 -0.746 129.860 -0.743
202312 2.471 129.419 2.471

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.


Taylor Morrison Home  (NYSE:TMHC) 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.


Taylor Morrison Home Cyclically Adjusted Price-to-FCF Related Terms

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


Taylor Morrison Home (Taylor Morrison Home) Business Description

Traded in Other Exchanges
Address
4900 N. Scottsdale Road, Suite 2000, Scottsdale, AZ, USA, 85251
Taylor Morrison Home is an American residential construction company that builds single-family homes and communities throughout California, Arizona, Texas, Illinois, Colorado, Florida, Georgia, and North Carolina. Taylor Morrison also reports via a mortgage operations segment that provides financing services for its homebuyers. It constructs various types of single-family homes, from entry-level to luxury move-up homes, as well as active adult communities. The majority of the company's revenue is derived from its construction projects, with the West and central operating regions leading the way.
Executives
William H Lyon director C/O TAYLOR MORRISON HOME CORP., 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Sheryl Palmer officer: President and CEO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Darrell Sherman officer: EVP, CLO & Secretary 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Joseph Terracciano officer: Chief Accounting Officer 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Curtis Vanhyfte officer: Interim CFO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Louis Steffens officer: EVP and CFO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
David C Merritt director CHARTER COMMUNICATIONS INC, 12405 POWERSCOURT DRIVE, ST LOUIS MO 63131
Denise Warren director 209 REDWOOD SHORES PKWY, REDWOOD CITY CA 94065
C. David Cone officer: Vice President and CFO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Christopher J. Yip director 301 COMMERCE STREET, FORT WORTH TX 76102
Gary H Hunt director C/O WILLIAM LYON HOMES, 4695 MACARTHUR COURT, 8TH FLOOR, NEWPORT BEACH CA 92660
Peter R. Lane director 1500 SOLANA BOULEVARD, BUILDING 4, SUITE 4500, SOUTHLAKE TX 76092
Jeffry L. Flake director C/O 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Andi Owen director 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Tpg Group Holdings (sbs) Advisors, Inc. 10 percent owner C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102