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Inland Real Estate (FRA:I3R) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is Inland Real Estate Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Inland Real Estate Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Inland Real Estate'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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Inland Real Estate Cyclically Adjusted Price-to-FCF Chart

Inland Real Estate Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted Price-to-FCF
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Inland Real Estate Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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Competitive Comparison of Inland Real Estate's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Inland Real Estate'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.


Inland Real Estate's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Inland Real Estate 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.

Inland Real Estate's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2015 is calculated as:

For example, Inland Real Estate's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2015 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2015 (Change)*Current CPI (Dec. 2015)
=0.101/99.7924*99.7924
=0.101

Current CPI (Dec. 2015) = 99.7924.

Inland Real Estate Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200603 -0.500 84.298 -0.592
200606 0.075 85.606 0.087
200609 -0.056 85.606 -0.065
200612 0.130 85.142 0.152
200703 -0.679 86.640 -0.782
200706 -0.169 87.906 -0.192
200709 0.132 87.964 0.150
200712 -0.307 88.616 -0.346
200803 -0.109 90.090 -0.121
200806 0.061 92.320 0.066
200809 -1.352 92.307 -1.462
200812 0.216 88.697 0.243
200903 0.189 89.744 0.210
200906 0.132 91.003 0.145
200909 0.153 91.120 0.168
200912 0.107 91.111 0.117
201003 0.125 91.821 0.136
201006 -0.103 91.962 -0.112
201009 -0.331 92.162 -0.358
201012 -0.472 92.474 -0.509
201103 -0.062 94.283 -0.066
201106 -0.514 95.235 -0.539
201109 -0.071 95.727 -0.074
201112 0.168 95.213 0.176
201203 0.137 96.783 0.141
201206 -1.453 96.819 -1.498
201209 0.126 97.633 0.129
201212 -0.358 96.871 -0.369
201303 -0.092 98.209 -0.093
201306 -0.870 98.518 -0.881
201309 0.042 98.790 0.042
201312 -0.082 98.326 -0.083
201403 -0.411 99.695 -0.411
201406 0.154 100.560 0.153
201409 0.106 100.428 0.105
201412 -0.065 99.070 -0.065
201503 -0.025 99.621 -0.025
201506 0.112 100.684 0.111
201509 0.207 100.392 0.206
201512 0.101 99.792 0.101

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.


Inland Real Estate  (FRA:I3R) 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.


Inland Real Estate Cyclically Adjusted Price-to-FCF Related Terms

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


Inland Real Estate (FRA:I3R) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Inland Real Estate Corp was formed on May 12, 1994. It is a publicly held real estate investment trust ("REIT") that owns, operates and develops open-air neighborhood, community and power shopping centers and single-tenant retail properties located in Midwest markets. Approximately fifty-nine percent of its total retail portfolio gross leasable area is located in the Chicago Metropolitan Statistical Area, with its second largest market concentration being approximately seventeen percent in the Minneapolis-St. Paul MSA. Tenants at the Company's retail properties primarily provide "everyday" goods and services to consumers. The primary drivers of its internal income growth are rental rate increases over expiring rates on new and renewal leases and cost savings from operational efficiencies. The Company's business is competitive. It competes with other property owners on the basis of location, rental rates, operating expenses, visibility, quality of the property, volume of traffic, strength and name recognition of other tenants at each location and other factors. These competitive factors affect the level of occupancy and rental rates that it is able to achieve at its investment properties. In addition, the Company's tenants compete against other forms of retailing such as catalog companies and e-commerce websites that offer similar retail products. The Company competes with other real estate companies, and at its current investment properties, it competes with other owners of similar properties for tenants. Inland Real Estate's properties are also subject to various federal, state and local regulatory requirements, such as state and local fire and life safety requirements.

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