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Icade (XPAR:ICAD) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


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What is Icade Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Icade Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Icade'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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Icade Cyclically Adjusted Price-to-FCF Chart

Icade Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Icade Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Icade's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, Icade'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.


Icade's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Icade 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.

Icade's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Icade's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.047/118.3900*118.3900
=0.047

Current CPI (Dec23) = 118.3900.

Icade Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -2.697 99.860 -3.197
201512 -4.374 100.040 -5.176
201612 -8.397 100.650 -9.877
201712 -4.603 101.850 -5.351
201812 -2.282 103.470 -2.611
201912 -5.633 104.980 -6.353
202012 1.615 104.960 1.822
202112 -6.627 107.850 -7.275
202212 -3.089 114.160 -3.203
202312 0.047 118.390 0.047

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.


Icade  (XPAR:ICAD) 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.


Icade Cyclically Adjusted Price-to-FCF Related Terms

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Icade (XPAR:ICAD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Icade (XPAR:ICAD) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
Immeuble Open, 27, Rue Camille Desmoulins, Issy-les-Moulineaux, Paris, FRA, 92445
Icade is a French real estate investment trust primarily involved in the ownership and management of commercial property around Paris. The vast majority of Icade's real estate portfolio is split between office and business park properties. Nearly all of these are located in Greater Paris with roughly half residing in the inner and outer rings of the metro area. Icade derives most of its revenue from its Property Development division through the sale of real estate. Rental income from short- to mid-term leases out of its Property Investment division also represents a substantial revenue stream. Institutional investors, private investors, and buyers represent fairly equal parts of the company's customer orders. Icade also has holdings in healthcare properties outside of the Paris region.