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LTC Properties (STU:LTP) Cyclically Adjusted Price-to-FCF : 10.41 (As of Jun. 09, 2024)


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What is LTC Properties Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), LTC Properties's current share price is €31.34. LTC Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.01. LTC Properties's Cyclically Adjusted Price-to-FCF for today is 10.41.

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

STU:LTP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.4   Med: 23.87   Max: 34.97
Current: 10.44

During the past years, LTC Properties's highest Cyclically Adjusted Price-to-FCF was 34.97. The lowest was 9.40. And the median was 23.87.

STU:LTP's Cyclically Adjusted Price-to-FCF is ranked better than
55.53% of 389 companies
in the REITs industry
Industry Median: 11.47 vs STU:LTP: 10.44

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.

LTC Properties's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.448. 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 €3.01 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


LTC Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for LTC 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.

LTC Properties Cyclically Adjusted Price-to-FCF Chart

LTC 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 22.44 15.68 11.17 11.14 9.99

LTC Properties 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 10.93 10.21 9.85 9.99 10.00

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

For the REIT - Healthcare Facilities subindustry, LTC 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.


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

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

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



LTC 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.

LTC Properties's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=31.34/3.01
=10.41

* 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.

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

For example, LTC Properties'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)
=0.448/131.7762*131.7762
=0.448

Current CPI (Mar. 2024) = 131.7762.

LTC Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.502 100.560 0.658
201409 0.499 100.428 0.655
201412 0.579 99.070 0.770
201503 0.439 99.621 0.581
201506 0.620 100.684 0.811
201509 0.630 100.392 0.827
201512 0.773 99.792 1.021
201603 0.454 100.470 0.595
201606 0.722 101.688 0.936
201609 0.647 101.861 0.837
201612 0.627 101.863 0.811
201703 0.493 102.862 0.632
201706 0.583 103.349 0.743
201709 0.602 104.136 0.762
201712 0.619 104.011 0.784
201803 0.439 105.290 0.549
201806 0.723 106.317 0.896
201809 0.595 106.507 0.736
201812 0.700 105.998 0.870
201903 0.589 107.251 0.724
201906 0.775 108.070 0.945
201909 0.643 108.329 0.782
201912 0.732 108.420 0.890
202003 0.542 108.902 0.656
202006 0.719 108.767 0.871
202009 0.649 109.815 0.779
202012 0.638 109.897 0.765
202103 0.456 111.754 0.538
202106 0.580 114.631 0.667
202109 0.454 115.734 0.517
202112 0.488 117.630 0.547
202203 0.428 121.301 0.465
202206 0.713 125.017 0.752
202209 0.606 125.227 0.638
202212 0.763 125.222 0.803
202303 0.409 127.348 0.423
202306 0.638 128.729 0.653
202309 0.737 129.860 0.748
202312 0.558 129.419 0.568
202403 0.448 131.776 0.448

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.


LTC Properties  (STU:LTP) 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.


LTC Properties Cyclically Adjusted Price-to-FCF Related Terms

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


LTC Properties (STU:LTP) Business Description

Industry
Traded in Other Exchanges
Address
2829 Townsgate Road, Suite 350, Westlake Village, CA, USA, 91361
LTC Properties Inc is a healthcare facility real estate investment trust. The company operates one segment that works to invest in healthcare facilities through mortgage loans, property lease transactions, and other investments. LTC generates all of its revenue in the United States. LTC is an active capital provider in the seniors housing and healthcare real estate industry. The company has been actively engaged with its operating partners to create a growing pipeline of projects.

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