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Daiwa House REIT Investment (TSE:8984) Cyclically Adjusted Price-to-FCF : (As of May. 20, 2024)


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What is Daiwa House REIT Investment Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Daiwa House REIT Investment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Daiwa House REIT 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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Daiwa House REIT Investment Cyclically Adjusted Price-to-FCF Chart

Daiwa House REIT Investment Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Price-to-FCF
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Daiwa House REIT Investment Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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Competitive Comparison of Daiwa House REIT Investment's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, Daiwa House REIT 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.


Daiwa House REIT Investment's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Daiwa House REIT Investment's Cyclically Adjusted Price-to-FCF falls into.



Daiwa House REIT 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.

Daiwa House REIT Investment's Cyclically Adjusted FCF per Share for the fiscal year that ended in Aug23 is calculated as:

For example, Daiwa House REIT Investment's adjusted Free Cash Flow per Share data for the fiscal year that ended in Aug23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Aug23 (Change)*Current CPI (Aug23)
=13399.115/105.9000*105.9000
=13,399.115

Current CPI (Aug23) = 105.9000.

Daiwa House REIT Investment Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201408 -8,650.325 98.300 -9,319.119
201508 -17,902.773 98.400 -19,267.314
201608 11,101.035 97.900 12,008.168
201708 -43,988.588 98.500 -47,293.314
201808 -39,362.493 99.800 -41,768.417
201908 -21,024.343 100.000 -22,264.779
202008 -21,617.222 100.100 -22,869.768
202108 13,979.599 99.700 14,848.942
202208 -15,916.805 102.700 -16,412.752
202308 13,399.115 105.900 13,399.115

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.


Daiwa House REIT Investment  (TSE:8984) 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.


Daiwa House REIT Investment Cyclically Adjusted Price-to-FCF Related Terms

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Daiwa House REIT Investment (TSE:8984) Business Description

Traded in Other Exchanges
N/A
Address
2-4-8, Nagatacho, 7th Floor, Nissei Nagatacho Building, Chiyoda-ku, Tokyo, JPN, 100-0014
Daiwa House REIT Investment Corp is a diversified real estate investment trust which invests in real estate properties. Its core assets are logistics properties, residential properties, retail properties, and hotels. It invests mainly in three metropolitan areas the greater Tokyo area, the greater Nagoya area, and the greater Osaka area. The firm's portfolio consists of assets with various risk-return profiles. It generates revenue from rental activity on a straight-line accrual basis over the life of each lease contract. The company operates only in Japan.

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