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Keppel DC REIT (SGX:AJBU) Cyclically Adjusted Price-to-FCF : 19.11 (As of May. 15, 2024)


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What is Keppel DC REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Keppel DC REIT's current share price is S$1.72. Keppel DC REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was S$0.09. Keppel DC REIT's Cyclically Adjusted Price-to-FCF for today is 19.11.

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

SGX:AJBU' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.22   Med: 19   Max: 20.44
Current: 18.98

During the past 10 years, Keppel DC REIT's highest Cyclically Adjusted Price-to-FCF was 20.44. The lowest was 18.22. And the median was 19.00.

SGX:AJBU's Cyclically Adjusted Price-to-FCF is ranked worse than
69.33% of 388 companies
in the REITs industry
Industry Median: 11.63 vs SGX:AJBU: 18.98

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.

Keppel DC REIT's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was S$0.107. 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 S$0.09 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keppel DC REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Keppel DC REIT'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.

Keppel DC REIT Cyclically Adjusted Price-to-FCF Chart

Keppel DC REIT 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 - - - - 21.03

Keppel DC REIT Semi-Annual Data
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 - - - - 21.03

Competitive Comparison of Keppel DC REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Keppel DC REIT'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.


Keppel DC REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Keppel DC REIT 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.

Keppel DC REIT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.72/0.09
=19.11

* 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.

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

For example, Keppel DC REIT'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)
=0.107/129.4194*129.4194
=0.107

Current CPI (Dec23) = 129.4194.

Keppel DC REIT Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.037 99.070 0.048
201512 0.061 99.792 0.079
201612 0.072 101.863 0.091
201712 0.096 104.011 0.119
201812 0.063 105.998 0.077
201912 0.080 108.420 0.095
202012 0.107 109.897 0.126
202112 0.069 117.630 0.076
202212 0.104 125.222 0.107
202312 0.107 129.419 0.107

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.


Keppel DC REIT  (SGX:AJBU) 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.


Keppel DC REIT Cyclically Adjusted Price-to-FCF Related Terms

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


Keppel DC REIT (SGX:AJBU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Keppel DC REIT (SGX:AJBU) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
16 Collyer Quay, No. 07-01, Singapore, SGP, 049318
Keppel DC REIT is a real estate investment trust that principally invests in real estate assets used primarily for data center purposes and assets necessary to support the digital economy. As of June 30, 2023, it held a SGD 3.7 billion portfolio of 23 properties across nine countries in Asia and Europe. Its properties are leased out as colocation, fully fitted and shell and core data centers. The trust is externally managed by Keppel DC REIT Management Pte. Ltd., and parent company Keppel Corporation Limited owns around a 20% stake in the trust.

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