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Westfield (Westfield) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


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What is Westfield Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Westfield Cyclically Adjusted Price-to-FCF Historical Data

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

Westfield Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted Price-to-FCF
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Westfield Semi-Annual Data
Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17
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Competitive Comparison of Westfield's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Westfield'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.


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

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

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



Westfield 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.

Westfield's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec17 is calculated as:

For example, Westfield's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec17 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec17 (Change)*Current CPI (Dec17)
=0.657/104.1096*104.1096
=0.657

Current CPI (Dec17) = 104.1096.

Westfield Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200812 1.824 85.814 2.213
200912 2.133 87.578 2.536
201012 2.073 89.993 2.398
201112 2.022 92.686 2.271
201212 1.854 94.730 2.038
201312 1.325 97.330 1.417
201412 0.597 99.002 0.628
201512 0.823 100.673 0.851
201612 0.533 102.159 0.543
201712 0.657 104.110 0.657

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.


Westfield  (OTCPK:WFGPY) 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.


Westfield Cyclically Adjusted Price-to-FCF Related Terms

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Westfield (Westfield) Business Description

Industry
Traded in Other Exchanges
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Address
Westfield is one of the largest global retail REITs, with interests in 35 malls with a gross value of USD 21.4 billion and external assets under management of USD 13 billion. Westfield's passive investments generate about 80% of group EBIT, with the balance derived from management fees and development income. It differs from peers by developing malls in signature locations, and aims to make each of its assets into a destination centre, with comprehensive entertainment facilities and premium retailers.

Westfield (Westfield) Headlines

From GuruFocus

Westfield Is Amongst the Best Mall Stocks in the World

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