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Plaza Retail REIT (TSX:PLZ.UN) Cyclically Adjusted Price-to-FCF : 8.55 (As of Jun. 09, 2024)


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What is Plaza Retail REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Plaza Retail REIT's current share price is C$3.59. Plaza Retail REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.42. Plaza Retail REIT's Cyclically Adjusted Price-to-FCF for today is 8.55.

The historical rank and industry rank for Plaza Retail REIT's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:PLZ.UN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.17   Med: 15.56   Max: 50
Current: 8.52

During the past years, Plaza Retail REIT's highest Cyclically Adjusted Price-to-FCF was 50.00. The lowest was 8.17. And the median was 15.56.

TSX:PLZ.UN's Cyclically Adjusted Price-to-FCF is ranked better than
66.07% of 389 companies
in the REITs industry
Industry Median: 11.47 vs TSX:PLZ.UN: 8.52

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.

Plaza Retail REIT's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$0.127. 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$0.42 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Plaza Retail REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Plaza Retail REIT'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.

Plaza Retail REIT Cyclically Adjusted Price-to-FCF Chart

Plaza Retail REIT 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 15.51 11.82 13.74 11.89 8.90

Plaza Retail REIT 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 10.88 9.74 8.76 8.90 8.59

Competitive Comparison of Plaza Retail REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Plaza Retail REIT'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.


Plaza Retail REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Plaza Retail REIT's Cyclically Adjusted Price-to-FCF falls into.



Plaza Retail REIT 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.

Plaza Retail REIT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.59/0.42
=8.55

* 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.

Plaza Retail REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Plaza Retail REIT'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)
=0.127/126.2576*126.2576
=0.127

Current CPI (Mar. 2024) = 126.2576.

Plaza Retail REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.004 99.473 0.005
201409 0.089 99.394 0.113
201412 0.138 98.367 0.177
201503 0.097 99.789 0.123
201506 0.005 100.500 0.006
201509 0.090 100.421 0.113
201512 0.103 99.947 0.130
201603 0.102 101.054 0.127
201606 0.025 102.002 0.031
201609 0.120 101.765 0.149
201612 0.089 101.449 0.111
201703 0.116 102.634 0.143
201706 0.028 103.029 0.034
201709 0.109 103.345 0.133
201712 0.100 103.345 0.122
201803 0.077 105.004 0.093
201806 0.065 105.557 0.078
201809 0.083 105.636 0.099
201812 0.105 105.399 0.126
201903 0.124 106.979 0.146
201906 0.066 107.690 0.077
201909 0.116 107.611 0.136
201912 0.115 107.769 0.135
202003 0.101 107.927 0.118
202006 -0.037 108.401 -0.043
202009 0.190 108.164 0.222
202012 0.058 108.559 0.067
202103 0.135 110.298 0.155
202106 0.090 111.720 0.102
202109 0.130 112.905 0.145
202112 0.115 113.774 0.128
202203 0.104 117.646 0.112
202206 0.057 120.806 0.060
202209 0.108 120.648 0.113
202212 0.108 120.964 0.113
202303 0.110 122.702 0.113
202306 0.027 124.203 0.027
202309 0.116 125.230 0.117
202312 0.130 125.072 0.131
202403 0.127 126.258 0.127

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.


Plaza Retail REIT  (TSX:PLZ.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.


Plaza Retail REIT Cyclically Adjusted Price-to-FCF Related Terms

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


Plaza Retail REIT (TSX:PLZ.UN) Business Description

Industry
Traded in Other Exchanges
Address
98 Main Street, Fredericton, NB, CAN, E3A 9N6
Plaza Retail REIT is an open-ended real estate investment trust and is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio includes interests in approximately 268 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development. Its portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.

Plaza Retail REIT (TSX:PLZ.UN) Headlines

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