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Ryland Group (FRA:RYG) Cyclically Adjusted FCF per Share : €0.00 (As of Jun. 2015)


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What is Ryland Group Cyclically Adjusted FCF per Share?

Note: As Cyclically Adjusted FCF per Share is a main component used to calculate Cyclically Adjusted Price-to-FCF. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Ryland Group's adjusted free cash flow per share for the three months ended in Jun. 2015 was €-1.588. 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 €0.00 for the trailing ten years ended in Jun. 2015.

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 (2024-05-24), Ryland Group's current stock price is €36.12. Ryland Group's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2015 was €0.00. Ryland Group's Cyclically Adjusted Price-to-FCF of today is .


Ryland Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ryland Group'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.

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Ryland Group Cyclically Adjusted FCF per Share Chart

Ryland Group Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted FCF per Share
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Ryland Group Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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Competitive Comparison of Ryland Group's Cyclically Adjusted FCF per Share

For the Residential Construction subindustry, Ryland Group'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.


Ryland Group's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Ryland Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ryland Group 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, Ryland Group's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2015 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2015 (Change)*Current CPI (Jun. 2015)
=-1.588/100.6839*100.6839
=-1.588

Current CPI (Jun. 2015) = 100.6839.

Ryland Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200509 0.939 83.876 1.127
200512 5.719 83.032 6.935
200603 -5.573 84.298 -6.656
200606 -0.901 85.606 -1.060
200609 -0.342 85.606 -0.402
200612 6.131 85.142 7.250
200703 -2.924 86.640 -3.398
200706 0.282 87.906 0.323
200709 0.612 87.964 0.700
200712 5.042 88.616 5.729
200803 -0.437 90.090 -0.488
200806 0.526 92.320 0.574
200809 2.556 92.307 2.788
200812 1.322 88.697 1.501
200903 3.064 89.744 3.437
200906 0.175 91.003 0.194
200909 0.623 91.120 0.688
200912 1.123 91.111 1.241
201003 0.210 91.821 0.230
201006 0.895 91.962 0.980
201009 -1.268 92.162 -1.385
201012 -1.118 92.474 -1.217
201103 -0.889 94.283 -0.949
201106 -0.711 95.235 -0.752
201109 -0.474 95.727 -0.499
201112 -0.661 95.213 -0.699
201203 -0.221 96.783 -0.230
201206 -0.777 96.819 -0.808
201209 0.235 97.633 0.242
201212 -1.067 96.871 -1.109
201303 -0.174 98.209 -0.178
201306 -2.045 98.518 -2.090
201309 -1.044 98.790 -1.064
201312 -0.469 98.326 -0.480
201403 -0.368 99.695 -0.372
201406 -1.090 100.560 -1.091
201409 -0.253 100.428 -0.254
201412 0.233 99.070 0.237
201503 -0.556 99.621 -0.562
201506 -1.588 100.684 -1.588

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


Ryland Group  (FRA:RYG) 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.


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.


Ryland Group Cyclically Adjusted FCF per Share Related Terms

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


Ryland Group (FRA:RYG) Business Description

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Ryland Group Inc is a Maryland corporation, which was founded in 1967. It is a homebuilder and a mortgage-finance company. The Company consists of six operating business segments namely four geographically determined homebuilding regions; financial services; and corporate. The Company's homebuilding operations consist of four regional reporting segments namely North, Southeast, Texas and West. The homebuilding segments specialize in the sale and construction of single-family attached and detached housing. Its operations in each of its homebuilding markets might differ due to a number of market-specific factors. These factors include regional economic conditions and job growth; land availability and local land development; consumer preferences; competition from other homebuilders; and home resale activity. The Company's financial services segment includes RMC, RH Insurance Company, Inc. or RHIC, LPS Holdings Corporation and its subsidiaries and Columbia National Risk Retention Group, Inc. or CNRRG. Corporate is a non-operating business segment whose purpose is to support operations. Corporate is responsible for establishing operational policies and internal control standards; implementing strategic initiatives; and monitoring compliance with policies and controls throughout the Company's operations. Corporate acts as an internal source of capital and provides financial, human resource, information technology, insurance, legal, marketing, national purchasing and tax compliance services. In addition, it performs administrative functions associated with a publicly traded entity. Ryland Insurance Services or RIS, a wholly-owned subsidiary of RMC, provides insurance services to the Company's homebuyers. As single-family on-site homebuilders in the United States, it operates in 17 states. The Company's homebuilding segments are subject to a number of local, state and federal laws, statutes, ordinances, rules and regulations concerning zoning, building design, construction, stormwater permitting and discharge and similar matters, as well as open space, wetlands and environmentally protected areas.

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