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Apollo Commercial Real Estate Finance (Apollo Commercial Real Estate Finance) Cyclically Adjusted Price-to-FCF : 6.00 (As of Apr. 27, 2024)


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What is Apollo Commercial Real Estate Finance Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Apollo Commercial Real Estate Finance's current share price is $10.80. Apollo Commercial Real Estate Finance's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.80. Apollo Commercial Real Estate Finance's Cyclically Adjusted Price-to-FCF for today is 6.00.

The historical rank and industry rank for Apollo Commercial Real Estate Finance's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ARI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.98   Med: 6.53   Max: 10.94
Current: 5.95

During the past years, Apollo Commercial Real Estate Finance's highest Cyclically Adjusted Price-to-FCF was 10.94. The lowest was 2.98. And the median was 6.53.

ARI's Cyclically Adjusted Price-to-FCF is ranked better than
79.23% of 390 companies
in the REITs industry
Industry Median: 11.575 vs ARI: 5.95

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.

Apollo Commercial Real Estate Finance's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.038. 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 $1.80 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apollo Commercial Real Estate Finance Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Apollo Commercial Real Estate Finance'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.

Apollo Commercial Real Estate Finance Cyclically Adjusted Price-to-FCF Chart

Apollo Commercial Real Estate Finance 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 10.40 6.43 7.52 6.05 6.51

Apollo Commercial Real Estate Finance Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 6.05 5.12 6.21 5.48 6.51

Competitive Comparison of Apollo Commercial Real Estate Finance's Cyclically Adjusted Price-to-FCF

For the REIT - Mortgage subindustry, Apollo Commercial Real Estate Finance'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.


Apollo Commercial Real Estate Finance's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Apollo Commercial Real Estate Finance's Cyclically Adjusted Price-to-FCF falls into.



Apollo Commercial Real Estate Finance 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.

Apollo Commercial Real Estate Finance's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.80/1.8
=6.00

* 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.

Apollo Commercial Real Estate Finance's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Apollo Commercial Real Estate Finance's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.038/129.4194*129.4194
=0.038

Current CPI (Dec. 2023) = 129.4194.

Apollo Commercial Real Estate Finance Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.306 99.695 0.397
201406 0.365 100.560 0.470
201409 0.283 100.428 0.365
201412 0.564 99.070 0.737
201503 0.347 99.621 0.451
201506 0.391 100.684 0.503
201509 0.360 100.392 0.464
201512 0.384 99.792 0.498
201603 0.199 100.470 0.256
201606 0.461 101.688 0.587
201609 0.476 101.861 0.605
201612 0.528 101.863 0.671
201703 0.275 102.862 0.346
201706 0.474 103.349 0.594
201709 0.393 104.136 0.488
201712 0.383 104.011 0.477
201803 0.789 105.290 0.970
201806 0.669 106.317 0.814
201809 0.322 106.507 0.391
201812 0.273 105.998 0.333
201903 0.347 107.251 0.419
201906 0.303 108.070 0.363
201909 0.510 108.329 0.609
201912 0.554 108.420 0.661
202003 0.351 108.902 0.417
202006 -0.004 108.767 -0.005
202009 0.406 109.815 0.478
202012 0.364 109.897 0.429
202103 0.257 111.754 0.298
202106 0.451 114.631 0.509
202109 0.257 115.734 0.287
202112 0.214 117.630 0.235
202203 0.353 121.301 0.377
202206 0.290 125.017 0.300
202209 0.636 125.227 0.657
202212 0.199 125.222 0.206
202303 0.618 127.348 0.628
202306 0.241 128.729 0.242
202309 0.465 129.860 0.463
202312 0.038 129.419 0.038

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.


Apollo Commercial Real Estate Finance  (NYSE:ARI) 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.


Apollo Commercial Real Estate Finance Cyclically Adjusted Price-to-FCF Related Terms

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


Apollo Commercial Real Estate Finance (Apollo Commercial Real Estate Finance) Business Description

Traded in Other Exchanges
Address
c/o Apollo Global Management, Inc, 9 West 57th Street, 42nd Floor, New York, NY, USA, 10019
Apollo Commercial Real Estate Finance Inc is a real estate investment trust that primarily originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.
Executives
Stuart Rothstein officer: CFO, Treasurer and Secretary 2180 SAND HILL RD, STE 200, MENLO PARK CA 94025
Mark C Biderman director NATIONAL FINANCIAL PARTNERS CORP, 340 MADISON AVENUE, 19TH FL, NEW YORK NY 10173
Pamela G Carlton director 901 S. MARQUETTE AVENUE, MINNEAPOLIS MN 55402
Robert A Kasdin director 239 CENTRAL PARK WEST, APT 3A, NEW YORK NY 10024
Anastasia G. Mironova officer: CFO, Secretary & Treasurer 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Whonder Carmencita N.m. director 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Eric Press director 1301 AVENUE OF THE AMERICA 38TH FLOOR, NEW YORK NY 10019
Jai Agarwal officer: CFO, Treasurer and Secretary 601 LEXINGTON AVE, 26TH FLOOR, NEW YORK NY 10022
Katherine G. Newman director C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Michael Salvati director
Brenna Haysom Romando director 36 BLOOMS CORNERS ROAD, WARWICK NY 10990
Jeffrey M Gault director MORGANS HOTEL GROUP CO., 475 TENTH AVENUE, NEW YORK NY 10018
Scott Prince director 9 W 57TH STREET, NEW YORK NY 10019
Investment Authority Qatar 10 percent owner P.O. BOX 23224, DOHA S3 QATAR
Cindy Z Michel director C/O APOLLO INVESTMENT CORPORATION, 9 WEST 57TH STREET, NEW YORK NY 10019

Apollo Commercial Real Estate Finance (Apollo Commercial Real Estate Finance) Headlines