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Firm Capital Property Trust (TSX:FCD.UN) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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What is Firm Capital Property Trust Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Firm Capital Property Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Firm Capital Property 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.

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Firm Capital Property Trust Cyclically Adjusted Price-to-FCF Chart

Firm Capital Property Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Firm Capital Property Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Firm Capital Property Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Firm Capital Property 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.


Firm Capital Property Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Firm Capital Property Trust's Cyclically Adjusted Price-to-FCF falls into.



Firm Capital Property 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.

Firm Capital Property Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Firm Capital Property 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)
=0.196/126.2576*126.2576
=0.196

Current CPI (Mar. 2024) = 126.2576.

Firm Capital Property Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.237 99.473 0.301
201409 0.187 99.394 0.238
201412 0.191 98.367 0.245
201503 0.103 99.789 0.130
201506 0.119 100.500 0.149
201509 -0.757 100.421 -0.952
201512 0.183 99.947 0.231
201603 0.137 101.054 0.171
201606 -1.188 102.002 -1.471
201609 -1.065 101.765 -1.321
201612 -0.163 101.449 -0.203
201703 0.089 102.634 0.109
201706 0.143 103.029 0.175
201709 0.196 103.345 0.239
201712 -0.738 103.345 -0.902
201803 0.123 105.004 0.148
201806 0.062 105.557 0.074
201809 0.106 105.636 0.127
201812 -0.169 105.399 -0.202
201903 -1.960 106.979 -2.313
201906 -3.971 107.690 -4.656
201909 -0.645 107.611 -0.757
201912 0.016 107.769 0.019
202003 -0.108 107.927 -0.126
202006 0.169 108.401 0.197
202009 0.155 108.164 0.181
202012 0.182 108.559 0.212
202103 -0.204 110.298 -0.234
202106 0.261 111.720 0.295
202109 -0.323 112.905 -0.361
202112 -0.203 113.774 -0.225
202203 -1.725 117.646 -1.851
202206 0.280 120.806 0.293
202209 0.180 120.648 0.188
202212 0.122 120.964 0.127
202303 0.068 122.702 0.070
202306 0.178 124.203 0.181
202309 0.210 125.230 0.212
202312 0.171 125.072 0.173
202403 0.196 126.258 0.196

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.


Firm Capital Property Trust  (TSX:FCD.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.


Firm Capital Property Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Firm Capital Property Trust (TSX:FCD.UN) Business Description

Industry
Traded in Other Exchanges
Address
163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5
Firm Capital Property Trust is a Canada-based open-ended real estate investment trust. It is focused on creating long-term value for unitholders through capital preservation and disciplined investing to achieve stable distributable income. The company operates in five reportable segments: Grocery Anchored Retail, Non-Grocery Anchored Retail, Industrial, Multi-Residential, and Core Service Office Provider. A vast majority of its revenues are derived from the Grocery anchored retail segment.

Firm Capital Property Trust (TSX:FCD.UN) Headlines

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