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Armada Hoffler Properties (FRA:791) Cyclically Adjusted Price-to-FCF : 6.23 (As of Jun. 08, 2024)


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What is Armada Hoffler Properties Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Armada Hoffler Properties's current share price is €9.85. Armada Hoffler Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.58. Armada Hoffler Properties's Cyclically Adjusted Price-to-FCF for today is 6.23.

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

FRA:791' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.83   Med: 7.34   Max: 10.16
Current: 6.31

During the past years, Armada Hoffler Properties's highest Cyclically Adjusted Price-to-FCF was 10.16. The lowest was 5.83. And the median was 7.34.

FRA:791's Cyclically Adjusted Price-to-FCF is ranked better than
76.86% of 389 companies
in the REITs industry
Industry Median: 11.47 vs FRA:791: 6.31

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.

Armada Hoffler Properties's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.640. 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 €1.58 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Armada Hoffler Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Armada Hoffler Properties'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.

Armada Hoffler Properties Cyclically Adjusted Price-to-FCF Chart

Armada Hoffler Properties 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 - - 9.83 6.97 7.34

Armada Hoffler Properties 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 7.10 6.86 6.04 7.34 5.90

Competitive Comparison of Armada Hoffler Properties's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, Armada Hoffler Properties'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.


Armada Hoffler Properties's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Armada Hoffler Properties 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.

Armada Hoffler Properties's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.85/1.58
=6.23

* 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.

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

For example, Armada Hoffler Properties'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)
=0.64/131.7762*131.7762
=0.640

Current CPI (Mar. 2024) = 131.7762.

Armada Hoffler Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.221 100.560 0.290
201409 0.471 100.428 0.618
201412 0.326 99.070 0.434
201503 -0.015 99.621 -0.020
201506 0.199 100.684 0.260
201509 0.423 100.392 0.555
201512 0.524 99.792 0.692
201603 0.336 100.470 0.441
201606 0.214 101.688 0.277
201609 0.523 101.861 0.677
201612 0.473 101.863 0.612
201703 0.206 102.862 0.264
201706 0.184 103.349 0.235
201709 0.274 104.136 0.347
201712 0.368 104.011 0.466
201803 0.073 105.290 0.091
201806 0.134 106.317 0.166
201809 0.278 106.507 0.344
201812 0.510 105.998 0.634
201903 0.279 107.251 0.343
201906 0.203 108.070 0.248
201909 0.296 108.329 0.360
201912 0.359 108.420 0.436
202003 0.326 108.902 0.394
202006 0.461 108.767 0.559
202009 0.264 109.815 0.317
202012 0.330 109.897 0.396
202103 0.115 111.754 0.136
202106 0.447 114.631 0.514
202109 0.398 115.734 0.453
202112 0.315 117.630 0.353
202203 0.414 121.301 0.450
202206 0.277 125.017 0.292
202209 0.415 125.227 0.437
202212 0.538 125.222 0.566
202303 0.180 127.348 0.186
202306 0.373 128.729 0.382
202309 0.522 129.860 0.530
202312 0.205 129.419 0.209
202403 0.640 131.776 0.640

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.


Armada Hoffler Properties  (FRA:791) 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.


Armada Hoffler Properties Cyclically Adjusted Price-to-FCF Related Terms

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Armada Hoffler Properties (FRA:791) Business Description

Industry
Traded in Other Exchanges
Address
222 Central Park Avenue, Suite 2100, Virginia Beach, VA, USA, 23462
Armada Hoffler Properties Inc is a real estate company. It engages in developing, building, owning and managing the high-quality, institutional-grade office, retail, and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. The company's operating segment includes office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services. It generates maximum revenue from the general contracting and real estate services segment.

Armada Hoffler Properties (FRA:791) Headlines

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