GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Primary Health Properties PLC (OTCPK:PHPRF) » Definitions » Cyclically Adjusted Price-to-FCF

Primary Health Properties (Primary Health Properties) Cyclically Adjusted Price-to-FCF : (As of May. 18, 2024)


View and export this data going back to 2008. Start your Free Trial

What is Primary Health Properties Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Primary Health Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Primary Health 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.

Primary Health Properties Cyclically Adjusted Price-to-FCF Chart

Primary Health 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 21.76 18.18 14.06 10.07 9.45

Primary Health Properties Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 14.06 - 10.07 - 9.45

Competitive Comparison of Primary Health Properties's Cyclically Adjusted Price-to-FCF

For the REIT - Healthcare Facilities subindustry, Primary Health 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.


Primary Health Properties's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Primary Health 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.

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

For example, Primary Health Properties'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)
=0.117/130.5000*130.5000
=0.117

Current CPI (Dec23) = 130.5000.

Primary Health Properties Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.154 99.900 0.201
201512 0.161 100.400 0.209
201612 0.110 102.200 0.140
201712 0.121 105.000 0.150
201812 0.118 107.100 0.144
201912 0.113 108.500 0.136
202012 0.117 109.400 0.140
202112 0.130 114.700 0.148
202212 0.099 125.300 0.103
202312 0.117 130.500 0.117

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.


Primary Health Properties  (OTCPK:PHPRF) 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.


Primary Health Properties Cyclically Adjusted Price-to-FCF Related Terms

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


Primary Health Properties (Primary Health Properties) Business Description

Traded in Other Exchanges
Address
15–16 Buckingham Street, 5th Floor, Burdett House, London, GBR, WC2N 6DU
Primary Health Properties PLC is a UK based real estate investment trust. The company is engaged in making investments in integrated healthcare properties. Its portfolio comprises Wincanton Healthcare, Stenhousemuir Medical Centre, Croft Medical Centre, Low Grange Health Village, Syston Health Centre, and others. It seeks the generation of rental income and capital growth through investment in primary healthcare property in the United Kingdom and Ireland. It receives rental income on property investments.