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alstria office REIT-AG (XTER:AOX) Intrinsic Value: Projected FCF : €13.23 (As of May. 23, 2024)


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What is alstria office REIT-AG Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-23), alstria office REIT-AG's Intrinsic Value: Projected FCF is €13.23. The stock price of alstria office REIT-AG is €3.50. Therefore, alstria office REIT-AG's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.

The historical rank and industry rank for alstria office REIT-AG's Intrinsic Value: Projected FCF or its related term are showing as below:

XTER:AOX' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.21   Med: 0.87   Max: 1.16
Current: 0.26

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of alstria office REIT-AG was 1.16. The lowest was 0.21. And the median was 0.87.

XTER:AOX's Price-to-Projected-FCF is ranked better than
89.76% of 547 companies
in the REITs industry
Industry Median: 0.66 vs XTER:AOX: 0.26

alstria office REIT-AG Intrinsic Value: Projected FCF Historical Data

The historical data trend for alstria office REIT-AG's Intrinsic Value: Projected 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.

alstria office REIT-AG Intrinsic Value: Projected FCF Chart

alstria office REIT-AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.22 13.64 21.35 17.94 12.42

alstria office REIT-AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Intrinsic Value: Projected 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 16.95 17.81 17.96 12.42 13.23

Competitive Comparison of alstria office REIT-AG's Intrinsic Value: Projected FCF

For the REIT - Office subindustry, alstria office REIT-AG's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.


alstria office REIT-AG's Price-to-Projected-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, alstria office REIT-AG's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where alstria office REIT-AG's Price-to-Projected-FCF falls into.



alstria office REIT-AG Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get alstria office REIT-AG's Free Cash Flow(6 year avg) = €106.88.

alstria office REIT-AG's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar24)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*106.87872+1655.879*0.8)/176.994
=13.23

* 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.


alstria office REIT-AG  (XTER:AOX) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

alstria office REIT-AG's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=3.50/13.2333649306
=0.26

* 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.


alstria office REIT-AG Intrinsic Value: Projected FCF Related Terms

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alstria office REIT-AG (XTER:AOX) Business Description

Industry
Traded in Other Exchanges
Address
Steinstrasse 7, Hamburg, DEU, 20095
alstria office REIT-AG is a real estate investment trust engaged in the acquisition, management, refurbishment, and sale of office properties throughout Germany. The vast majority of the company's real estate portfolio is dispersed between the German regions of Rhine-Ruhr, Hamburg, Rhine-Main, and Stuttgart. The company derives nearly all of its revenue in the form of rental income from the leasing of its properties. alstria's largest tenants in terms of annual rental revenue include a variety of local government, automotive, telecommunications, and insurance entities. it focuses on a small number of large tenants that account for the majority of its rental income.
Executives
Olivier Elamine Board of Directors

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