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Activia Properties (TSE:3279) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


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What is Activia Properties Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Activia Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Activia Properties'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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Activia Properties Cyclically Adjusted Price-to-FCF Chart

Activia Properties Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted Price-to-FCF
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Activia Properties Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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Competitive Comparison of Activia Properties's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, Activia Properties'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.


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

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

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



Activia Properties 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.

Activia Properties's Cyclically Adjusted FCF per Share for the fiscal year that ended in Nov23 is calculated as:

For example, Activia Properties's adjusted Free Cash Flow per Share data for the fiscal year that ended in Nov23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Nov23 (Change)*Current CPI (Nov23)
=18100.159/106.9000*106.9000
=18,100.159

Current CPI (Nov23) = 106.9000.

Activia Properties Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201411 -98,087.110 97.900 -107,104.311
201511 -73,774.668 98.100 -80,392.579
201611 -89,694.831 98.600 -97,245.207
201711 -53,549.853 99.100 -57,764.675
201811 -13,588.408 100.000 -14,526.008
201911 -65,322.302 100.500 -69,482.130
202011 7,585.336 99.500 8,149.472
202111 -28,709.413 100.100 -30,659.703
202211 28,793.829 103.900 29,625.220
202311 18,100.159 106.900 18,100.159

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.


Activia Properties  (TSE:3279) 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.


Activia Properties Cyclically Adjusted Price-to-FCF Related Terms

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Activia Properties (TSE:3279) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1-16-3 Dogenzaka, Shibuya-ku, Tokyo, JPN, 150-0043
Activia Properties Inc, or API, is a Japanese real estate investment trust principally involved in the ownership of properties in the Greater Tokyo area. Most of these properties are either urban retail units near major train stations, corporate office properties, or other popular areas in Tokyo. API derives the vast majority of its income in the form of rental revenue from its real estate holdings. Its urban retail properties encompass the larger overall share of these holdings. The company's major tenants include the Tokyu Land Corporation, a Japanese railway operator. Tokyu Land Corp is also the controlling shareholder of the firm that works with Activia through an asset management agreement, TLC Activia Investment Management Inc.

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