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Saul Centers (Saul Centers) Cyclically Adjusted FCF per Share : $5.15 (As of Dec. 2023)


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What is Saul Centers 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.

Saul Centers's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.958. 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 $5.15 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Saul Centers's average Cyclically Adjusted FCF Growth Rate was 1.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 18.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 25.80% 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 Saul Centers was 144.40% per year. The lowest was -47.20% per year. And the median was 17.20% per year.

As of today (2024-04-30), Saul Centers's current stock price is $36.07. Saul Centers's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $5.15. Saul Centers's Cyclically Adjusted Price-to-FCF of today is 7.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Saul Centers was 315.33. The lowest was 6.49. And the median was 22.27.


Saul Centers Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Saul Centers'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.

Saul Centers Cyclically Adjusted FCF per Share Chart

Saul Centers 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 2.67 3.32 4.88 5.07 5.15

Saul Centers 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 5.07 5.16 5.23 5.23 5.15

Competitive Comparison of Saul Centers's Cyclically Adjusted FCF per Share

For the REIT - Retail subindustry, Saul Centers'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.


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

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

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



Saul Centers 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, Saul Centers'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)
=0.958/129.4194*129.4194
=0.958

Current CPI (Dec. 2023) = 129.4194.

Saul Centers Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.158 99.695 1.503
201406 0.907 100.560 1.167
201409 1.120 100.428 1.443
201412 0.973 99.070 1.271
201503 1.097 99.621 1.425
201506 1.195 100.684 1.536
201509 0.768 100.392 0.990
201512 1.134 99.792 1.471
201603 1.468 100.470 1.891
201606 1.033 101.688 1.315
201609 0.772 101.861 0.981
201612 0.858 101.863 1.090
201703 1.441 102.862 1.813
201706 1.193 103.349 1.494
201709 0.760 104.136 0.945
201712 1.308 104.011 1.628
201803 1.161 105.290 1.427
201806 1.252 106.317 1.524
201809 0.941 106.507 1.143
201812 1.563 105.998 1.908
201903 1.384 107.251 1.670
201906 1.400 108.070 1.677
201909 0.790 108.329 0.944
201912 1.433 108.420 1.711
202003 1.118 108.902 1.329
202006 0.673 108.767 0.801
202009 0.643 109.815 0.758
202012 0.920 109.897 1.083
202103 1.477 111.754 1.710
202106 1.349 114.631 1.523
202109 0.944 115.734 1.056
202112 1.234 117.630 1.358
202203 1.180 121.301 1.259
202206 1.106 125.017 1.145
202209 0.751 125.227 0.776
202212 0.857 125.222 0.886
202303 1.061 127.348 1.078
202306 1.356 128.729 1.363
202309 0.480 129.860 0.478
202312 0.958 129.419 0.958

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


Saul Centers  (NYSE:BFS) 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.

Saul Centers's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=36.07/5.15
=7.00

* 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 Saul Centers was 315.33. The lowest was 6.49. And the median was 22.27.


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.


Saul Centers Cyclically Adjusted FCF per Share Related Terms

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


Saul Centers (Saul Centers) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Saul Centers Inc (NYSE:BFS) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
7501 Wisconsin Avenue, Suite 1500E, Bethesda, MD, USA, 20814-6522
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates, and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are primarily located in the Washington, D.C. and Maryland metropolitan areas. Saul Centers operates through two business segments: shopping centers, which contribute the maximum portion of total revenue; and mixed-use properties. Major tenants include grocery stores, discount department stores, and drug stores.
Executives
Saul B Francis Ii director, 10 percent owner, officer: Chief Executive Officer 8401 CONNECTICUT AVE, CHEVY CHASE MD 20815
Carlos Lawrence Heard officer: Senior Vice President & CFO 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
David Todd Pearson officer: Executive V.P.-Real Estate 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20895
Patricia Saul Lotuff director 7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
John E Chapoton director BROWN INVESTMENT ADVISORY INCORPORATED, 1717 H STREET, NW, FIFTH FLOOR, WASHINGTON DC 20006
H. Gregory Platts director 7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
Clancy George Patrick Jr director 1100 H ST NW, WASHINGTON DC 20080
Philip D Caraci director
James Page Lansdale officer: Exec. VP - Real Estate 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Joel Albert Friedman officer: Sr. V.P./Chief Acctng Officer 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Mark Iii Sullivan director 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
John F Collich officer: Sr. VP-Acquisitions & Dev.
Lori Godby officer: Senior Vice Pres.-Residential 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Judith K. Garland officer: SVP, Office and Retail 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Willoughby B. Laycock director, officer: VP-Residential Development 7501 WISCONSIN AVE., SUITE 1400, BETHESDA MD 20814

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