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Sunstone Hotel Investors (Sunstone Hotel Investors) Cyclically Adjusted FCF per Share : $1.19 (As of Dec. 2023)


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What is Sunstone Hotel Investors 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.

Sunstone Hotel Investors's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.144. 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 $1.19 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.30% 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 Sunstone Hotel Investors was 71.30% per year. The lowest was 4.60% per year. And the median was 14.60% per year.

As of today (2024-04-27), Sunstone Hotel Investors's current stock price is $10.30. Sunstone Hotel Investors's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.19. Sunstone Hotel Investors's Cyclically Adjusted Price-to-FCF of today is 8.66.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sunstone Hotel Investors was 31.21. The lowest was 7.11. And the median was 10.54.


Sunstone Hotel Investors Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sunstone Hotel Investors'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.

Sunstone Hotel Investors Cyclically Adjusted FCF per Share Chart

Sunstone Hotel Investors 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 0.89 1.04 1.19 1.19 1.19

Sunstone Hotel Investors 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 1.19 1.22 1.22 1.22 1.19

Competitive Comparison of Sunstone Hotel Investors's Cyclically Adjusted FCF per Share

For the REIT - Hotel & Motel subindustry, Sunstone Hotel Investors'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.


Sunstone Hotel Investors's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Sunstone Hotel Investors 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, Sunstone Hotel Investors'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)
=0.144/129.4194*129.4194
=0.144

Current CPI (Dec. 2023) = 129.4194.

Sunstone Hotel Investors Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.217 99.695 0.282
201406 0.430 100.560 0.553
201409 0.406 100.428 0.523
201412 0.402 99.070 0.525
201503 0.185 99.621 0.240
201506 0.478 100.684 0.614
201509 0.441 100.392 0.569
201512 0.387 99.792 0.502
201603 0.202 100.470 0.260
201606 0.492 101.688 0.626
201609 0.368 101.861 0.468
201612 0.274 101.863 0.348
201703 0.183 102.862 0.230
201706 0.500 103.349 0.626
201709 0.357 104.136 0.444
201712 0.341 104.011 0.424
201803 0.136 105.290 0.167
201806 0.500 106.317 0.609
201809 0.336 106.507 0.408
201812 0.378 105.998 0.462
201903 0.139 107.251 0.168
201906 0.459 108.070 0.550
201909 0.332 108.329 0.397
201912 0.359 108.420 0.429
202003 -0.011 108.902 -0.013
202006 -0.151 108.767 -0.180
202009 -0.244 109.815 -0.288
202012 -0.137 109.897 -0.161
202103 -0.178 111.754 -0.206
202106 0.113 114.631 0.128
202109 0.103 115.734 0.115
202112 0.092 117.630 0.101
202203 0.061 121.301 0.065
202206 0.364 125.017 0.377
202209 0.279 125.227 0.288
202212 0.286 125.222 0.296
202303 0.228 127.348 0.232
202306 0.289 128.729 0.291
202309 0.300 129.860 0.299
202312 0.144 129.419 0.144

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


Sunstone Hotel Investors  (NYSE:SHO) 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.

Sunstone Hotel Investors's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.30/1.19
=8.66

* 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 Sunstone Hotel Investors was 31.21. The lowest was 7.11. And the median was 10.54.


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.


Sunstone Hotel Investors Cyclically Adjusted FCF per Share Related Terms

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


Sunstone Hotel Investors (Sunstone Hotel Investors) Business Description

Industry
Traded in Other Exchanges
Address
15 Enterprise, Suite 200, Aliso Viejo, CA, USA, 92656
Sunstone Hotel Investors Inc is a real estate investment trust that acquires, owns, manages, and renovates the full-service hotel and select-service hotel properties across various states in the United States. The firm's portfolio consists primarily of urban, upper-upscale hotels. The vast majority of these hotels are managed under Marriott, Hilton, Fairmont, and Sheraton brands. Regionally, the company's assets are located in its California, Other West, Midwest, and East geographical segments within the U.S. The majority of the company's revenue is derived from its Eastern operations, closely followed by its Californian operations. Sunstone's sole source of income is hotel revenue from its hotel ownership segment.
Executives
Robert C Springer officer: SVP - Acquisitions 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Aaron Robert Reyes officer: Chief Financial Officer 200 SPECTRUM CENTER DRIVE, 21ST FLOOR, IRVINE CA 92618
Douglas M Pasquale director 245 FICHER AVE STE D-1, COSTA MESA CA 92626
David M Klein officer: SVP - General Counsel 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Verett Ann Mims director 15 ENTERPRISE, SUITE 200, ALISO VIEJO CA 92656
Kristina M Leslie director DREAMWORKS ANIMATION SKG, INC., 1000 FLOWER STREET, GLENDALE CA 91201
Keith P Russell director 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Christopher Gerard Ostapovicz officer: Chief Operating Officer 200 SPECTRUM CENTER DRIVE, 21ST FLOOR, IRVINE CA 92618
Marc Andrew Hoffman officer: EVP - Chief Operating Officer 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
W Blake Baird director 1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Monica S Digilio director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Murray J. Mccabe director 1170 PEACHTREE STREET NE, SUITE 600, ATLANTA GA 30309
John V Arabia officer: Executive Vice President - CFO 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Bryan Albert Giglia officer: SVP - Chief Financial Officer 200 SPECTRUM CENTER DRIVE, 21ST FLOOR, IRVINE CA 92618
Thomas A Lewis director 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618