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Slate Grocery REIT (TSX:SGR.UN) Cyclically Adjusted Price-to-FCF : 7.26 (As of Jun. 10, 2024)


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What is Slate Grocery REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Slate Grocery REIT's current share price is C$11.25. Slate Grocery REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$1.55. Slate Grocery REIT's Cyclically Adjusted Price-to-FCF for today is 7.26.

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

TSX:SGR.UN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.53   Med: 9.75   Max: 12.95
Current: 7.28

During the past years, Slate Grocery REIT's highest Cyclically Adjusted Price-to-FCF was 12.95. The lowest was 6.53. And the median was 9.75.

TSX:SGR.UN's Cyclically Adjusted Price-to-FCF is ranked better than
72.75% of 389 companies
in the REITs industry
Industry Median: 11.47 vs TSX:SGR.UN: 7.28

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.

Slate Grocery REIT's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$0.366. 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$1.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Slate Grocery REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Slate Grocery 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.

Slate Grocery REIT Cyclically Adjusted Price-to-FCF Chart

Slate Grocery 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 - - 11.25 11.28 7.95

Slate Grocery 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 9.85 8.92 7.40 7.95 7.40

Competitive Comparison of Slate Grocery REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Slate Grocery 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.


Slate Grocery REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Slate Grocery 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.

Slate Grocery REIT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.25/1.55
=7.26

* 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.

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

For example, Slate Grocery 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)
=0.366/126.2576*126.2576
=0.366

Current CPI (Mar. 2024) = 126.2576.

Slate Grocery REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.094 99.473 0.119
201409 0.274 99.394 0.348
201412 0.107 98.367 0.137
201503 0.476 99.789 0.602
201506 0.416 100.500 0.523
201509 0.392 100.421 0.493
201512 0.434 99.947 0.548
201603 0.462 101.054 0.577
201606 0.469 102.002 0.581
201609 0.417 101.765 0.517
201612 0.182 101.449 0.227
201703 0.474 102.634 0.583
201706 0.377 103.029 0.462
201709 0.240 103.345 0.293
201712 0.275 103.345 0.336
201803 0.447 105.004 0.537
201806 0.538 105.557 0.644
201809 0.304 105.636 0.363
201812 0.229 105.399 0.274
201903 0.201 106.979 0.237
201906 0.520 107.690 0.610
201909 0.274 107.611 0.321
201912 0.288 107.769 0.337
202003 0.302 107.927 0.353
202006 0.336 108.401 0.391
202009 0.307 108.164 0.358
202012 0.195 108.559 0.227
202103 0.386 110.298 0.442
202106 0.472 111.720 0.533
202109 0.162 112.905 0.181
202112 0.128 113.774 0.142
202203 0.393 117.646 0.422
202206 0.228 120.806 0.238
202209 0.400 120.648 0.419
202212 0.087 120.964 0.091
202303 0.403 122.702 0.415
202306 0.463 124.203 0.471
202309 0.480 125.230 0.484
202312 0.245 125.072 0.247
202403 0.366 126.258 0.366

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.


Slate Grocery REIT  (TSX:SGR.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.


Slate Grocery REIT Cyclically Adjusted Price-to-FCF Related Terms

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


Slate Grocery REIT (TSX:SGR.UN) Business Description

Industry
Traded in Other Exchanges
Address
121 King Street West, Suite 200, Toronto, ON, CAN, M5H 3T9
Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning, and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company's properties include Bloomingdale Plaza, Westin Centre, Glenlake Plaza, Prairie Point, and others.

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