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VGP (LTS:0HM0) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


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What is VGP Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


VGP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for VGP'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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VGP Cyclically Adjusted Price-to-FCF Chart

VGP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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VGP Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of VGP's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, VGP'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.


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

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

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



VGP 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.

VGP's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, VGP's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-1.001/128.2922*128.2922
=-1.001

Current CPI (Dec23) = 128.2922.

VGP Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.077 99.086 -0.100
201512 -0.632 100.572 -0.806
201612 0.340 102.614 0.425
201712 -0.340 104.804 -0.416
201812 -2.556 107.252 -3.057
201912 -1.469 108.065 -1.744
202012 -2.433 108.511 -2.877
202112 -3.931 114.705 -4.397
202212 -2.944 126.578 -2.984
202312 -1.001 128.292 -1.001

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.


VGP  (LTS:0HM0) 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.


VGP Cyclically Adjusted Price-to-FCF Related Terms

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VGP (LTS:0HM0) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » VGP SA (LTS:0HM0) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
Generaal Lemanstraat 55 Bus 4, Antwerp, BEL, B-2018
VGP SA is a real estate company. The company through its subsidiaries designs, constructs, and leases out logistics complexes and semi-industrial parks. Its business line includes Investment business, Property Development, and Property and asset management. The company derives the maximum rental income from the investment business. Geographically, it has a presence in Germany, Spain, Austria, the Czech Republic, Slovakia, Hungary, Latvia, and Romania.

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