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SYN Prop E Tech (BSP:SYNE3) Cyclically Adjusted FCF per Share : R$1.58 (As of Dec. 2023)


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What is SYN Prop E Tech 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.

SYN Prop E Tech's adjusted free cash flow per share for the three months ended in Dec. 2023 was R$-0.090. 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 R$1.58 for the trailing ten years ended in Dec. 2023.

During the past 12 months, SYN Prop E Tech's average Cyclically Adjusted FCF Growth Rate was 528.00% 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.

As of today (2024-05-23), SYN Prop E Tech's current stock price is R$9.21. SYN Prop E Tech's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$1.58. SYN Prop E Tech's Cyclically Adjusted Price-to-FCF of today is 5.83.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SYN Prop E Tech was 98.14. The lowest was 2.75. And the median was 15.60.


SYN Prop E Tech Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SYN Prop E Tech'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.

SYN Prop E Tech Cyclically Adjusted FCF per Share Chart

SYN Prop E Tech 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 -1.09 -1.09 0.09 0.25 1.58

SYN Prop E Tech 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 0.25 0.34 0.53 1.04 1.58

Competitive Comparison of SYN Prop E Tech's Cyclically Adjusted FCF per Share

For the Real Estate - Diversified subindustry, SYN Prop E Tech'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.


SYN Prop E Tech's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SYN Prop E Tech's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where SYN Prop E Tech's Cyclically Adjusted Price-to-FCF falls into.



SYN Prop E Tech 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, SYN Prop E Tech'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)
=-0.09/157.1481*157.1481
=-0.090

Current CPI (Dec. 2023) = 157.1481.

SYN Prop E Tech Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.012 90.447 -1.758
201406 -2.382 91.838 -4.076
201409 -1.739 92.602 -2.951
201412 -0.689 94.194 -1.149
201503 -1.751 97.799 -2.814
201506 -0.598 100.006 -0.940
201509 -0.414 101.392 -0.642
201512 -0.230 104.247 -0.347
201603 1.187 106.979 1.744
201606 -0.631 108.851 -0.911
201609 4.612 109.986 6.590
201612 0.255 110.802 0.362
201703 -0.070 111.869 -0.098
201706 0.345 112.115 0.484
201709 -0.136 112.777 -0.190
201712 1.034 114.068 1.425
201803 0.558 114.868 0.763
201806 0.337 117.038 0.452
201809 -0.155 117.881 -0.207
201812 0.484 118.340 0.643
201903 0.220 120.124 0.288
201906 0.640 120.977 0.831
201909 0.262 121.292 0.339
201912 0.267 123.436 0.340
202003 0.258 124.092 0.327
202006 -0.060 123.557 -0.076
202009 0.379 125.095 0.476
202012 0.294 129.012 0.358
202103 0.287 131.660 0.343
202106 0.263 133.871 0.309
202109 -2.933 137.913 -3.342
202112 16.791 141.992 18.583
202203 0.311 146.537 0.334
202206 0.090 149.784 0.094
202209 0.013 147.800 0.014
202212 -0.321 150.207 -0.336
202303 0.146 153.352 0.150
202306 0.205 154.519 0.208
202309 0.223 155.464 0.225
202312 -0.090 157.148 -0.090

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


SYN Prop E Tech  (BSP:SYNE3) 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.

SYN Prop E Tech's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.21/1.58
=5.83

* 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 SYN Prop E Tech was 98.14. The lowest was 2.75. And the median was 15.60.


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.


SYN Prop E Tech Cyclically Adjusted FCF per Share Related Terms

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


SYN Prop E Tech (BSP:SYNE3) Business Description

Industry
Traded in Other Exchanges
Address
Avenida Brigadeiro Faria Lima, 3600, 14th Floor Itaim Bibi, Sao Paulo, SP, BRA, 04538-132
SYN Prop E Tech SA is involved in the real estate sector. It focuses on the development, trade, and management of commercial properties in Brazil. Its portfolio includes shopping centres and corporate buildings. Business is organized into three operating segments being Buildings, Shopping malls, Services and Others. Key revenue is earned from the Building division which is engaged in the sale and lease of commercial buildings. Shopping malls consists of the lease of stores in shopping malls. Services consists of services involving the management of shopping malls, development of properties and operation of parking lots. Other consists of the lease of other types of properties.

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