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Sun Communities (FRA:SCZ) Cyclically Adjusted Price-to-FCF : 20.19 (As of May. 30, 2024)


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What is Sun Communities Cyclically Adjusted Price-to-FCF?

As of today (2024-05-30), Sun Communities's current share price is €107.00. Sun Communities's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.30. Sun Communities's Cyclically Adjusted Price-to-FCF for today is 20.19.

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

FRA:SCZ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.59   Med: 52.07   Max: 164.21
Current: 19.98

During the past years, Sun Communities's highest Cyclically Adjusted Price-to-FCF was 164.21. The lowest was 18.59. And the median was 52.07.

FRA:SCZ's Cyclically Adjusted Price-to-FCF is ranked worse than
73.33% of 390 companies
in the REITs industry
Industry Median: 11.265 vs FRA:SCZ: 19.98

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.

Sun Communities's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €1.762. 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 €5.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sun Communities Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Sun Communities'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.

Sun Communities Cyclically Adjusted Price-to-FCF Chart

Sun Communities 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 56.04 46.94 44.18 27.16 23.69

Sun Communities 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 26.12 23.55 20.97 23.69 22.26

Competitive Comparison of Sun Communities's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, Sun Communities'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.


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

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

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



Sun Communities 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=107.00/5.3
=20.19

* 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.

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

For example, Sun Communities'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)
=1.762/131.7762*131.7762
=1.762

Current CPI (Mar. 2024) = 131.7762.

Sun Communities Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.589 100.560 0.772
201409 0.604 100.428 0.793
201412 0.411 99.070 0.547
201503 0.715 99.621 0.946
201506 0.861 100.684 1.127
201509 0.903 100.392 1.185
201512 0.580 99.792 0.766
201603 0.787 100.470 1.032
201606 1.074 101.688 1.392
201609 0.790 101.861 1.022
201612 0.666 101.863 0.862
201703 0.885 102.862 1.134
201706 1.035 103.349 1.320
201709 0.740 104.136 0.936
201712 0.339 104.011 0.429
201803 0.826 105.290 1.034
201806 1.258 106.317 1.559
201809 1.070 106.507 1.324
201812 0.618 105.998 0.768
201903 1.061 107.251 1.304
201906 1.584 108.070 1.931
201909 1.392 108.329 1.693
201912 0.758 108.420 0.921
202003 1.161 108.902 1.405
202006 1.700 108.767 2.060
202009 1.414 109.815 1.697
202012 0.621 109.897 0.745
202103 1.712 111.754 2.019
202106 1.853 114.631 2.130
202109 1.334 115.734 1.519
202112 0.735 117.630 0.823
202203 1.768 121.301 1.921
202206 2.415 125.017 2.546
202209 1.298 125.227 1.366
202212 0.338 125.222 0.356
202303 1.439 127.348 1.489
202306 1.910 128.729 1.955
202309 1.692 129.860 1.717
202312 0.863 129.419 0.879
202403 1.762 131.776 1.762

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.


Sun Communities  (FRA:SCZ) 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.


Sun Communities Cyclically Adjusted Price-to-FCF Related Terms

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


Sun Communities (FRA:SCZ) Business Description

Industry
Traded in Other Exchanges
Address
27777 Franklin Road, Suite 200, Southfield, MI, USA, 48034
Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 670 properties, which includes 353 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.

Sun Communities (FRA:SCZ) Headlines

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