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CVC Property Fund (ASX:CJT) Cyclically Adjusted Price-to-FCF : (As of May. 31, 2024)


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What is CVC Property Fund Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


CVC Property Fund Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CVC Property Fund's Cyclically Adjusted Price-to-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.

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CVC Property Fund Cyclically Adjusted Price-to-FCF Chart

CVC Property Fund Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Cyclically Adjusted Price-to-FCF
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CVC Property Fund Semi-Annual Data
Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14
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Competitive Comparison of CVC Property Fund's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, CVC Property Fund'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.


CVC Property Fund's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, CVC Property Fund's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where CVC Property Fund's Cyclically Adjusted Price-to-FCF falls into.



CVC Property Fund Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

CVC Property Fund's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun14 is calculated as:

For example, CVC Property Fund's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun14 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun14 (Change)*Current CPI (Jun14)
=0.002/98.3515*98.3515
=0.002

Current CPI (Jun14) = 98.3515.

CVC Property Fund Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200506 -0.005 76.712 -0.006
200606 -0.047 79.777 -0.058
200706 -0.010 81.449 -0.012
200806 -0.005 85.071 -0.006
200906 -0.001 86.278 -0.001
201006 0.000 88.971 0.000
201106 0.001 92.129 0.001
201206 0.001 93.244 0.001
201306 0.002 95.473 0.002
201406 0.002 98.352 0.002

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


CVC Property Fund  (ASX:CJT) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


CVC Property Fund Cyclically Adjusted Price-to-FCF Related Terms

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CVC Property Fund (ASX:CJT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
CVC Property Fund (CJT, formerly Taragon Property Fund) is a listed registered managed investment scheme domiciled in Australia.

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