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Regency Centers (FRA:RRC) Cyclically Adjusted FCF per Share : €3.76 (As of Mar. 2024)


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What is Regency 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.

Regency Centers's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.835. 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 €3.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Regency Centers's average Cyclically Adjusted FCF Growth Rate was 4.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.80% 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 Regency Centers was 61.50% per year. The lowest was -16.30% per year. And the median was 16.95% per year.

As of today (2024-06-06), Regency Centers's current stock price is €56.00. Regency Centers's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.76. Regency Centers's Cyclically Adjusted Price-to-FCF of today is 14.89.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Regency Centers was 497.50. The lowest was 11.48. And the median was 21.19.


Regency Centers Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Regency 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.

Regency Centers Cyclically Adjusted FCF per Share Chart

Regency 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 2.42 2.43 3.09 3.56 3.62

Regency Centers Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.57 3.60 3.74 3.62 3.76

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

For the REIT - Retail subindustry, Regency 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.


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

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

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



Regency 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, Regency Centers's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.835/131.7762*131.7762
=0.835

Current CPI (Mar. 2024) = 131.7762.

Regency Centers Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.539 100.560 0.706
201409 0.825 100.428 1.083
201412 0.521 99.070 0.693
201503 0.536 99.621 0.709
201506 0.688 100.684 0.900
201509 0.842 100.392 1.105
201512 0.658 99.792 0.869
201603 0.705 100.470 0.925
201606 0.675 101.688 0.875
201609 0.633 101.861 0.819
201612 0.650 101.863 0.841
201703 0.241 102.862 0.309
201706 0.754 103.349 0.961
201709 0.829 104.136 1.049
201712 0.614 104.011 0.778
201803 0.711 105.290 0.890
201806 0.762 106.317 0.944
201809 0.827 106.507 1.023
201812 0.753 105.998 0.936
201903 0.693 107.251 0.851
201906 0.832 108.070 1.015
201909 0.973 108.329 1.184
201912 0.816 108.420 0.992
202003 0.677 108.902 0.819
202006 0.479 108.767 0.580
202009 0.785 109.815 0.942
202012 0.603 109.897 0.723
202103 0.689 111.754 0.812
202106 0.907 114.631 1.043
202109 0.913 115.734 1.040
202112 0.777 117.630 0.870
202203 0.756 121.301 0.821
202206 1.014 125.017 1.069
202209 1.181 125.227 1.243
202212 0.702 125.222 0.739
202303 0.883 127.348 0.914
202306 0.930 128.729 0.952
202309 1.120 129.860 1.137
202312 0.853 129.419 0.869
202403 0.835 131.776 0.835

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


Regency Centers  (FRA:RRC) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=56.00/3.76
=14.89

* 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 Regency Centers was 497.50. The lowest was 11.48. And the median was 21.19.


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.


Regency Centers Cyclically Adjusted FCF per Share Related Terms

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


Regency Centers (FRA:RRC) Business Description

Industry
Traded in Other Exchanges
Address
One Independent Drive, Suite 114, Jacksonville, FL, USA, 32202-5019
Regency Centers is the largest shopping center-focused retail REIT. The company's portfolio includes an interest in 480 properties, which includes nearly 57 million square feet of retail space following the completion of the Urstadt Biddle acquisition in August 2023. The portfolio is geographically diversified with 22 regional offices and no single market representing more than 14% of total company net operating income. Regency's retail portfolio is primarily composed of grocery-anchored centers, with 80% of properties featuring a grocery anchor and grocery stores representing 20% of annual base rent.

Regency Centers (FRA:RRC) Headlines

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