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KDX Realty Investment (TSE:8972) Cyclically Adjusted Price-to-FCF : (As of May. 31, 2024)


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What is KDX Realty Investment Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


KDX Realty Investment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for KDX Realty Investment'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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KDX Realty Investment Cyclically Adjusted Price-to-FCF Chart

KDX Realty Investment Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
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KDX Realty Investment Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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Competitive Comparison of KDX Realty Investment's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, KDX Realty Investment'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.


KDX Realty Investment's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



KDX Realty Investment 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.

KDX Realty Investment's Cyclically Adjusted FCF per Share for the fiscal year that ended in Oct23 is calculated as:

For example, KDX Realty Investment's adjusted Free Cash Flow per Share data for the fiscal year that ended in Oct23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Oct23 (Change)*Current CPI (Oct23)
=11811.965/107.1000*107.1000
=11,811.965

Current CPI (Oct23) = 107.1000.

KDX Realty Investment Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201410 -42,312.650 98.200 -46,147.503
201510 -2,515.501 98.500 -2,735.128
201610 1,319.660 98.600 1,433.424
201710 10,172.801 98.800 11,027.399
201810 -8,782.019 100.200 -9,386.769
201910 5,539.973 100.400 5,909.672
202010 -1,690.053 99.800 -1,813.674
202110 10,806.516 99.900 11,585.364
202210 -677.451 103.700 -699.663
202310 11,811.965 107.100 11,811.965

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.


KDX Realty Investment  (TSE:8972) 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.


KDX Realty Investment Cyclically Adjusted Price-to-FCF Related Terms

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KDX Realty Investment (TSE:8972) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2-1-6 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 105-0004
KDX Realty Investment Corp is a Japan-based real estate investment trust. It is engaged in the business of investing in office and residential buildings. The company has around 100 properties, which include Mid-sized Office Buildings and other office building, central urban properties, residential properties, and others. The company owns properties in 5 Central wards of Tokyo, Tokyo Metropolitan area, and other regional areas.

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