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Ventas (BSP:V1TA34) Cyclically Adjusted Price-to-FCF : 16.98 (As of May. 24, 2024)


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What is Ventas Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Ventas's current share price is R$124.15. Ventas's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$7.31. Ventas's Cyclically Adjusted Price-to-FCF for today is 16.98.

The historical rank and industry rank for Ventas's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:V1TA34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.86   Med: 18.43   Max: 412.86
Current: 15.76

During the past years, Ventas's highest Cyclically Adjusted Price-to-FCF was 412.86. The lowest was 6.86. And the median was 18.43.

BSP:V1TA34's Cyclically Adjusted Price-to-FCF is ranked worse than
64.08% of 387 companies
in the REITs industry
Industry Median: 11.46 vs BSP:V1TA34: 15.76

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.

Ventas's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.809. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$7.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ventas Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ventas'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.

* Premium members only.

Ventas Cyclically Adjusted Price-to-FCF Chart

Ventas Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.33 15.74 15.87 13.90 16.53

Ventas Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 13.36 14.68 13.36 16.53 14.54

Competitive Comparison of Ventas's Cyclically Adjusted Price-to-FCF

For the REIT - Healthcare Facilities subindustry, Ventas'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.


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

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

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



Ventas 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.

Ventas's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=124.15/7.31
=16.98

* 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.

Ventas's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ventas'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)
=0.809/131.7762*131.7762
=0.809

Current CPI (Mar. 2024) = 131.7762.

Ventas Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.023 100.560 1.341
201409 1.091 100.428 1.432
201412 1.190 99.070 1.583
201503 1.381 99.621 1.827
201506 1.500 100.684 1.963
201509 1.416 100.392 1.859
201512 1.822 99.792 2.406
201603 1.192 100.470 1.563
201606 1.626 101.688 2.107
201609 1.342 101.861 1.736
201612 1.206 101.863 1.560
201703 1.030 102.862 1.320
201706 1.327 103.349 1.692
201709 1.152 104.136 1.458
201712 0.957 104.011 1.212
201803 0.975 105.290 1.220
201806 1.571 106.317 1.947
201809 1.153 106.507 1.427
201812 1.103 105.998 1.371
201903 1.409 107.251 1.731
201906 1.540 108.070 1.878
201909 1.079 108.329 1.313
201912 0.672 108.420 0.817
202003 1.257 108.902 1.521
202006 2.019 108.767 2.446
202009 1.894 109.815 2.273
202012 1.168 109.897 1.401
202103 1.113 111.754 1.312
202106 1.160 114.631 1.333
202109 0.770 115.734 0.877
202112 1.099 117.630 1.231
202203 1.235 121.301 1.342
202206 1.123 125.017 1.184
202209 1.244 125.227 1.309
202212 0.617 125.222 0.649
202303 0.839 127.348 0.868
202306 1.101 128.729 1.127
202309 0.773 129.860 0.784
202312 0.217 129.419 0.221
202403 0.809 131.776 0.809

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.


Ventas  (BSP:V1TA34) 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.


Ventas Cyclically Adjusted Price-to-FCF Related Terms

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


Ventas (BSP:V1TA34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ventas Inc (BSP:V1TA34) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
353 North Clark Street, Suite 3300, Chicago, IL, USA, 60654
Ventas owns a diversified healthcare portfolio of nearly 1,400 in-place properties spread across the senior housing, medical office, hospital, life science, and skilled nursing/post-acute care. The portfolio includes over 40 properties in Canada and the United Kingdom as the company looks for additional investment opportunities in countries with mature healthcare systems that operate similarly to the United States. The firm also owns mortgages and other loans, contributing about 3% of net operating income.

Ventas (BSP:V1TA34) Headlines

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