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InvenTrust Properties (InvenTrust Properties) Cyclically Adjusted FCF per Share : $1.68 (As of Dec. 2023)


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What is InvenTrust Properties Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

InvenTrust Properties's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.340. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $1.68 for the trailing ten years ended in Dec. 2023.

During the past 12 months, InvenTrust Properties's average Cyclically Adjusted FCF Growth Rate was -13.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -9.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of InvenTrust Properties was -6.20% per year. The lowest was -9.80% per year. And the median was -8.00% per year.

As of today (2024-04-28), InvenTrust Properties's current stock price is $25.18. InvenTrust Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.68. InvenTrust Properties's Cyclically Adjusted Price-to-FCF of today is 14.99.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of InvenTrust Properties was 15.35. The lowest was 0.54. And the median was 10.98.


InvenTrust Properties Cyclically Adjusted FCF per Share Historical Data

The historical data trend for InvenTrust Properties's Cyclically Adjusted FCF per Share 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.

InvenTrust Properties Cyclically Adjusted FCF per Share Chart

InvenTrust Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.36 2.29 2.13 1.95 1.68

InvenTrust Properties Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 1.95 1.90 1.83 1.76 1.68

Competitive Comparison of InvenTrust Properties's Cyclically Adjusted FCF per Share

For the REIT - Retail subindustry, InvenTrust Properties'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.


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

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

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



InvenTrust Properties Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, InvenTrust Properties's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.34/129.4194*129.4194
=0.340

Current CPI (Dec. 2023) = 129.4194.

InvenTrust Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.411 99.695 0.534
201406 1.396 100.560 1.797
201409 1.250 100.428 1.611
201412 -0.142 99.070 -0.186
201503 0.294 99.621 0.382
201506 0.465 100.684 0.598
201509 0.602 100.392 0.776
201512 0.463 99.792 0.600
201603 0.407 100.470 0.524
201606 0.375 101.688 0.477
201609 0.046 101.861 0.058
201612 0.271 101.863 0.344
201703 0.078 102.862 0.098
201706 0.304 103.349 0.381
201709 -0.067 104.136 -0.083
201712 0.355 104.011 0.442
201803 0.312 105.290 0.384
201806 0.299 106.317 0.364
201809 0.362 106.507 0.440
201812 0.095 105.998 0.116
201903 0.125 107.251 0.151
201906 0.277 108.070 0.332
201909 0.170 108.329 0.203
201912 0.636 108.420 0.759
202003 0.177 108.902 0.210
202006 0.287 108.767 0.341
202009 0.386 109.815 0.455
202012 0.278 109.897 0.327
202103 0.249 111.754 0.288
202106 0.408 114.631 0.461
202109 0.395 115.734 0.442
202112 -0.013 117.630 -0.014
202203 0.333 121.301 0.355
202206 0.457 125.017 0.473
202209 0.497 125.227 0.514
202212 0.288 125.222 0.298
202303 0.167 127.348 0.170
202306 0.583 128.729 0.586
202309 0.420 129.860 0.419
202312 0.340 129.419 0.340

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


InvenTrust Properties  (NYSE:IVT) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

InvenTrust Properties's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=25.18/1.68
=14.99

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of InvenTrust Properties was 15.35. The lowest was 0.54. And the median was 10.98.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


InvenTrust Properties Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of InvenTrust Properties's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


InvenTrust Properties (InvenTrust Properties) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3025 Highland Parkway, Suite 350, Downers Grove, IL, USA, 60515
InvenTrust Properties Corp is the United States of America based company qualified as a REIT (Real Estate Investment Trust). It owns, manages, acquires and develops a diversified portfolio of commercial real estate located across the United States. The company also owns properties in development and partially owns properties through joint ventures, as well as investments in marketable securities and other assets. The company focuses on investing in an open-air retail platform comprised of grocery-anchored centers and necessity-based power centers. InvenTrust operates through a single segment i.e. multi-tenant retail.
Executives
Smita Shah director 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
David Bryson officer: SVP, Chief Accounting Officer 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Michael Douglas Phillips officer: S.V.P., C.A.O. & Controller 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Daniel Busch officer: E.V.P., C.F.O. & Treasurer 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Amanda Elizabeth Black director 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Christy Lynn David officer: EVP, General Counsel & Sec. 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Ivy Zoe Greaner officer: Chief Operating Officer 3025 HIGHLAND PARKWAY, DOWNERS GROVE IL 60515
Stuart Aitken director C/O JOURNAL MEDIA GROUP, INC., 333 WEST STATE STREET, MILWAUKEE WI 53203
Adam M Jaworski officer: SVP/Chief Accounting Officer 2809 BUTTERFIELD ROAD, OAK BROOK IL 60523
Scott A. Nelson director 2809 BUTTERFIELD ROAD, SUITE 200, OAK BROOK IL 60523
Michael A Stein director 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Julian E Whitehurst director
Anna N Fitzgerald officer: See Remarks 191 N WACKER DRIVE, SUITE 1200, CHICAGO IL 60606
David F Collins officer: See Remarks 2809 BUTTERFIELD ROAD, SUITE 360, OAK BROOK IL 60523
Michael E. Podboy officer: See Remarks 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523

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