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Boardwalk Real Estate Investment Trust (TSX:BEI.UN) Cyclically Adjusted Price-to-FCF : 29.39 (As of May. 22, 2024)


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What is Boardwalk Real Estate Investment Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Boardwalk Real Estate Investment Trust's current share price is C$72.60. Boardwalk Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$2.47. Boardwalk Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is 29.39.

The historical rank and industry rank for Boardwalk Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:BEI.UN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7   Med: 20.69   Max: 6075
Current: 29.42

During the past years, Boardwalk Real Estate Investment Trust's highest Cyclically Adjusted Price-to-FCF was 6075.00. The lowest was 7.00. And the median was 20.69.

TSX:BEI.UN's Cyclically Adjusted Price-to-FCF is ranked worse than
81.7% of 388 companies
in the REITs industry
Industry Median: 11.6 vs TSX:BEI.UN: 29.42

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.

Boardwalk Real Estate Investment Trust's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$1.050. 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 C$2.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boardwalk Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Boardwalk Real Estate Investment Trust'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.

Boardwalk Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Chart

Boardwalk Real Estate Investment Trust 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 16.39 12.23 20.52 19.47 29.36

Boardwalk Real Estate Investment Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 21.46 24.35 26.67 29.36 31.57

Competitive Comparison of Boardwalk Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, Boardwalk Real Estate Investment Trust'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.


Boardwalk Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Boardwalk Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF falls into.



Boardwalk Real Estate Investment Trust 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.

Boardwalk Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=72.60/2.47
=29.39

* 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.

Boardwalk Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Boardwalk Real Estate Investment Trust'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)
=1.05/126.2576*126.2576
=1.050

Current CPI (Mar. 2024) = 126.2576.

Boardwalk Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.890 99.473 1.130
201409 0.941 99.394 1.195
201412 0.928 98.367 1.191
201503 0.607 99.789 0.768
201506 0.856 100.500 1.075
201509 0.930 100.421 1.169
201512 0.842 99.947 1.064
201603 0.576 101.054 0.720
201606 0.767 102.002 0.949
201609 0.774 101.765 0.960
201612 0.590 101.449 0.734
201703 0.422 102.634 0.519
201706 0.433 103.029 0.531
201709 0.485 103.345 0.593
201712 0.440 103.345 0.538
201803 0.408 105.004 0.491
201806 0.668 105.557 0.799
201809 0.578 105.636 0.691
201812 0.324 105.399 0.388
201903 0.779 106.979 0.919
201906 0.842 107.690 0.987
201909 0.837 107.611 0.982
201912 0.802 107.769 0.940
202003 0.473 107.927 0.553
202006 0.694 108.401 0.808
202009 0.875 108.164 1.021
202012 -1.442 108.559 -1.677
202103 0.154 110.298 0.176
202106 0.361 111.720 0.408
202109 0.140 112.905 0.157
202112 0.134 113.774 0.149
202203 0.190 117.646 0.204
202206 0.298 120.806 0.311
202209 0.027 120.648 0.028
202212 0.130 120.964 0.136
202303 0.711 122.702 0.732
202306 0.542 124.203 0.551
202309 0.399 125.230 0.402
202312 0.389 125.072 0.393
202403 1.050 126.258 1.050

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.


Boardwalk Real Estate Investment Trust  (TSX:BEI.UN) 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.


Boardwalk Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

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Boardwalk Real Estate Investment Trust (TSX:BEI.UN) Business Description

Traded in Other Exchanges
Address
1501 - 1st Street S.W., Suite 200, First West Place, Calgary, AB, CAN, T2R 0W1
Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company's cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites. The company derives substantially all of its income in the form of rental revenue from leasing its properties to tenants under short-term agreements. Boardwalk REIT's assets in Alberta contribute the majority of this revenue.

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