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E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.
CIM Real Estate Finance Trust's adjusted free cash flow per share for the three months ended in Sep. 2024 was $0.102. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $-0.10 for the trailing ten years ended in Sep. 2024.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.
As of today (2024-12-11), CIM Real Estate Finance Trust's current stock price is $3.00. CIM Real Estate Finance Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $-0.10. CIM Real Estate Finance Trust's Cyclically Adjusted Price-to-FCF of today is .
The historical data trend for CIM Real Estate Finance Trust's Cyclically Adjusted FCF per Share 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.
CIM Real Estate Finance Trust Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cyclically Adjusted FCF per Share | Get a 7-Day Free Trial | - | - | - | -0.78 | -0.68 |
CIM Real Estate Finance Trust Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Cyclically Adjusted FCF per Share | Get a 7-Day Free Trial | -0.71 | -0.68 | -0.57 | -0.43 | -0.10 |
For the REIT - Retail subindustry, CIM Real Estate Finance Trust'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.
For the REITs industry and Real Estate sector, CIM Real Estate Finance Trust's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where CIM Real Estate Finance Trust's Cyclically Adjusted Price-to-FCF falls into.
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.
What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?
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. Let's use an example to explain.
If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.
We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.
For example, CIM Real Estate Finance Trust's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:
Adj_FreeCashFlowPerShare | = | Free Cash Flow per Share | / | CPI of Sep. 2024 (Change) | * | Current CPI (Sep. 2024) |
= | 0.102 | / | 133.0289 | * | 133.0289 | |
= | 0.102 |
Current CPI (Sep. 2024) = 133.0289.
CIM Real Estate Finance Trust Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201412 | -1.458 | 99.070 | -1.958 |
201503 | -0.507 | 99.621 | -0.677 |
201506 | -0.501 | 100.684 | -0.662 |
201509 | -0.243 | 100.392 | -0.322 |
201512 | -0.354 | 99.792 | -0.472 |
201603 | -0.010 | 100.470 | -0.013 |
201606 | 0.016 | 101.688 | 0.021 |
201609 | -0.139 | 101.861 | -0.182 |
201612 | 0.046 | 101.863 | 0.060 |
201703 | -0.026 | 102.862 | -0.034 |
201706 | -0.245 | 103.349 | -0.315 |
201709 | -0.214 | 104.136 | -0.273 |
201712 | 0.095 | 104.011 | 0.122 |
201803 | 0.177 | 105.290 | 0.224 |
201806 | 0.166 | 106.317 | 0.208 |
201809 | 0.143 | 106.507 | 0.179 |
201812 | 0.156 | 105.998 | 0.196 |
201903 | 0.127 | 107.251 | 0.158 |
201906 | 0.143 | 108.070 | 0.176 |
201909 | 0.182 | 108.329 | 0.223 |
201912 | 0.170 | 108.420 | 0.209 |
202003 | 0.055 | 108.902 | 0.067 |
202006 | 0.065 | 108.767 | 0.079 |
202009 | 0.112 | 109.815 | 0.136 |
202012 | 0.123 | 109.897 | 0.149 |
202103 | 0.079 | 111.754 | 0.094 |
202106 | 0.101 | 114.631 | 0.117 |
202109 | 0.089 | 115.734 | 0.102 |
202112 | 0.135 | 117.630 | 0.153 |
202203 | 0.069 | 121.301 | 0.076 |
202206 | 0.071 | 125.017 | 0.076 |
202209 | 0.147 | 125.227 | 0.156 |
202212 | 0.122 | 125.222 | 0.130 |
202303 | 0.149 | 127.348 | 0.156 |
202306 | 0.103 | 128.729 | 0.106 |
202309 | 0.138 | 129.860 | 0.141 |
202312 | 0.122 | 129.419 | 0.125 |
202403 | 0.116 | 131.776 | 0.117 |
202406 | 0.081 | 132.554 | 0.081 |
202409 | 0.102 | 133.029 | 0.102 |
Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.
CIM Real Estate Finance Trust (OTCPK:CMRF) Cyclically Adjusted FCF per Share Explanation
If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.
For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.
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.
Be Aware
Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.
Thank you for viewing the detailed overview of CIM Real Estate Finance Trust's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason K Schreiber | director | 263 NINTH AVENUE APARTMENT 9B, NEW YORK NY 10001 |
Krol Emily Vande | director | 30003 N. 68TH STREET, SCOTTSDALE AZ 85266 |
Roger Snell | director | 2325 E CAMELBACK RD, SUITE 1100, PHOENIX AZ 85016 |
Stephen O Evans | director | 5825 EAST STARLIGHT WAY, PARADISE VALLEY AZ 85253 |
Gary Robert A Iv | director | 1551 NORTH TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705 |
Calvin E Hollis | director | 2325 E. CAMELBACK ROAD, 10TH FLOOR, PHOENIX AZ 85016 |
Marcus E Bromley | director | |
Howard A Silver | director | 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120 |
Elaine Y Wong | director | 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010 |
Avraham Shemesh | director | C/O CIM GROUP, LLC, 6922 HOLLYWOOD BLVD. 9TH FLOOR, LOS ANGELES CA 90028 |
W Brian Kretzmer | director | 26110 ENTERPRISE WAY, STE 200, LAKE FOREST CA 92630 |
Richard S Ressler | director, officer: CEO & President | C/O J2 GLOBAL COMMUNICATIONS, INC., 6922 HOLLYWOOD BLVD, 5TH FLOOR, LOS ANGELES CA 90028 |
Smith Jeffrey Randall Jr | officer: See Remarks | COLE CAPITAL, 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX AZ 85016 |
Nathan David Debacker | officer: See Remarks | 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX AZ 85016 |
Glenn J Rufrano | director | C/O NEW PLAN EXCEL REALTY TRUST, INC., 1120 AVENUE OF THE AMERICAS, SUITE 1200, NEW YORK NY 10036 |
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