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Kimco Realty (FRA:KIC) Cyclically Adjusted Price-to-FCF : 11.03 (As of May. 24, 2024)


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What is Kimco Realty Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Kimco Realty's current share price is €17.10. Kimco Realty's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.55. Kimco Realty's Cyclically Adjusted Price-to-FCF for today is 11.03.

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

FRA:KIC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.07   Med: 15.2   Max: 263.18
Current: 11.04

During the past years, Kimco Realty's highest Cyclically Adjusted Price-to-FCF was 263.18. The lowest was 6.07. And the median was 15.20.

FRA:KIC's Cyclically Adjusted Price-to-FCF is ranked better than
52.45% of 387 companies
in the REITs industry
Industry Median: 11.46 vs FRA:KIC: 11.04

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.

Kimco Realty's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.242. 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 €1.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kimco Realty Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kimco Realty'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.

Kimco Realty Cyclically Adjusted Price-to-FCF Chart

Kimco Realty 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 16.31 11.13 15.91 12.93 12.66

Kimco Realty 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 11.67 11.63 10.53 12.66 11.66

Competitive Comparison of Kimco Realty's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Kimco Realty'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.


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

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

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



Kimco Realty 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.10/1.55
=11.03

* 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.

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

For example, Kimco Realty'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)
=0.242/131.7762*131.7762
=0.242

Current CPI (Mar. 2024) = 131.7762.

Kimco Realty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.257 100.560 0.337
201409 0.347 100.428 0.455
201412 0.235 99.070 0.313
201503 0.363 99.621 0.480
201506 0.265 100.684 0.347
201509 0.381 100.392 0.500
201512 0.069 99.792 0.091
201603 0.297 100.470 0.390
201606 0.167 101.688 0.216
201609 0.485 101.861 0.627
201612 0.330 101.863 0.427
201703 0.346 102.862 0.443
201706 0.299 103.349 0.381
201709 0.383 104.136 0.485
201712 0.240 104.011 0.304
201803 0.367 105.290 0.459
201806 0.324 106.317 0.402
201809 0.336 106.507 0.416
201812 0.255 105.998 0.317
201903 0.327 107.251 0.402
201906 0.333 108.070 0.406
201909 0.364 108.329 0.443
201912 0.215 108.420 0.261
202003 0.326 108.902 0.394
202006 0.169 108.767 0.205
202009 0.451 109.815 0.541
202012 0.236 109.897 0.283
202103 0.288 111.754 0.340
202106 0.279 114.631 0.321
202109 0.191 115.734 0.217
202112 0.287 117.630 0.322
202203 0.286 121.301 0.311
202206 0.381 125.017 0.402
202209 0.431 125.227 0.454
202212 0.237 125.222 0.249
202303 0.520 127.348 0.538
202306 0.381 128.729 0.390
202309 0.427 129.860 0.433
202312 0.283 129.419 0.288
202403 0.242 131.776 0.242

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.


Kimco Realty  (FRA:KIC) 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.


Kimco Realty Cyclically Adjusted Price-to-FCF Related Terms

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


Kimco Realty (FRA:KIC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Kimco Realty Corp (FRA:KIC) » Definitions » Cyclically Adjusted Price-to-FCF
Address
500 North Broadway, Suite 201, Jericho, NY, USA, 11753
One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 5,282 shopping centers throughout major markets in the U.S., representing roughly 77 million square feet.

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