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Emaar Properties PJSC (DFM:EMAAR) Cyclically Adjusted FCF per Share : د.إ1.09 (As of Mar. 2025)


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What is Emaar Properties PJSC Cyclically Adjusted FCF per Share?

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.

Emaar Properties PJSC's adjusted free cash flow per share for the three months ended in Mar. 2025 was د.إ0.995. 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 د.إ1.09 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Emaar Properties PJSC's average Cyclically Adjusted FCF Growth Rate was 31.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 27.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 30.10% per year. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Emaar Properties PJSC was 36.50% per year. The lowest was 8.30% per year. And the median was 27.70% per year.

As of today (2025-05-27), Emaar Properties PJSC's current stock price is د.إ13.55. Emaar Properties PJSC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was د.إ1.09. Emaar Properties PJSC's Cyclically Adjusted Price-to-FCF of today is 12.43.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Emaar Properties PJSC was 30.34. The lowest was 6.81. And the median was 10.70.


Emaar Properties PJSC Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Emaar Properties PJSC'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.

* Premium members only.

Emaar Properties PJSC Cyclically Adjusted FCF per Share Chart

Emaar Properties PJSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.48 0.70 0.84 1.00

Emaar Properties PJSC Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share 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 0.83 0.86 0.92 1.00 1.09

Competitive Comparison of Emaar Properties PJSC's Cyclically Adjusted FCF per Share

For the Real Estate - Development subindustry, Emaar Properties PJSC'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.


Emaar Properties PJSC's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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


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Emaar Properties PJSC Cyclically Adjusted FCF per Share Calculation

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, Emaar Properties PJSC's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.995/134.9266*134.9266
=0.995

Current CPI (Mar. 2025) = 134.9266.

Emaar Properties PJSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.187 100.684 0.251
201509 0.036 100.392 0.048
201512 0.189 99.792 0.256
201603 0.160 100.470 0.215
201606 0.186 101.688 0.247
201609 -0.065 101.861 -0.086
201612 -0.097 101.863 -0.128
201703 0.158 102.862 0.207
201706 0.125 103.349 0.163
201709 -0.008 104.136 -0.010
201712 -0.193 104.011 -0.250
201803 0.000 105.290 0.000
201806 -0.146 106.317 -0.185
201809 -0.130 106.507 -0.165
201812 0.113 105.998 0.144
201903 -0.130 107.251 -0.164
201906 -0.120 108.070 -0.150
201909 0.020 108.329 0.025
201912 0.116 108.420 0.144
202003 0.066 108.902 0.082
202006 -0.009 108.767 -0.011
202009 -0.081 109.815 -0.100
202012 0.216 109.897 0.265
202103 0.293 111.754 0.354
202106 0.319 114.631 0.375
202109 0.268 115.734 0.312
202112 0.382 117.630 0.438
202203 0.436 121.301 0.485
202206 0.404 125.017 0.436
202209 0.245 125.227 0.264
202212 1.018 125.222 1.097
202303 0.583 127.348 0.618
202306 0.676 128.729 0.709
202309 0.499 129.860 0.518
202312 0.424 129.419 0.442
202403 0.289 131.776 0.296
202406 0.757 132.554 0.771
202409 0.831 133.029 0.843
202412 0.832 133.157 0.843
202503 0.995 134.927 0.995

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Emaar Properties PJSC  (DFM:EMAAR) 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.

Emaar Properties PJSC's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=13.55/1.09
=12.43

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Emaar Properties PJSC was 30.34. The lowest was 6.81. And the median was 10.70.


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.


Emaar Properties PJSC Cyclically Adjusted FCF per Share Related Terms

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


Emaar Properties PJSC Business Description

Industry
Traded in Other Exchanges
N/A
Address
Emaar Business Park Building 1, Level 7, P.O. Box 9440, Dubai Hills Estate, Dubai, ARE
Emaar Properties PJSC is a general real estate company. The company is organized into three segments: leasing, retail and related activities, real estate, and hospitality. The principal activities of the Group are property investment, development and development management, shopping malls and retail, hospitality, property management and utility services, and investment in providers of financial services. The majority of revenue is derived from its real estate segment. Emaar's operations are mainly in the United Arab Emirates. Its property developments include the Burj Khalifa, the Dubai Malls, and others.

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