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Hudson Pacific Properties (FRA:HP9) Cyclically Adjusted FCF per Share : €-0.79 (As of Dec. 2024)


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What is Hudson Pacific Properties 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.

Hudson Pacific Properties's adjusted free cash flow per share for the three months ended in Dec. 2024 was €-0.031. 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 €-0.79 for the trailing ten years ended in Dec. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 26.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 26.40% 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 Hudson Pacific Properties was 34.60% per year. The lowest was 18.30% per year. And the median was 25.55% per year.

As of today (2025-05-07), Hudson Pacific Properties's current stock price is €2.027. Hudson Pacific Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was €-0.79. Hudson Pacific Properties's Cyclically Adjusted Price-to-FCF of today is .


Hudson Pacific Properties Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hudson Pacific Properties'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.

Hudson Pacific Properties Cyclically Adjusted FCF per Share Chart

Hudson Pacific Properties 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 -1.92 -1.84 -0.98 -0.94 -0.79

Hudson Pacific Properties Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -0.94 -0.81 -0.82 -0.78 -0.79

Competitive Comparison of Hudson Pacific Properties's Cyclically Adjusted FCF per Share

For the REIT - Office subindustry, Hudson Pacific 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.


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

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

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


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Hudson Pacific Properties 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, Hudson Pacific Properties's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.031/133.1571*133.1571
=-0.031

Current CPI (Dec. 2024) = 133.1571.

Hudson Pacific Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -2.802 99.621 -3.745
201506 -14.714 100.684 -19.460
201509 0.191 100.392 0.253
201512 0.563 99.792 0.751
201603 0.590 100.470 0.782
201606 0.463 101.688 0.606
201609 0.705 101.861 0.922
201612 0.177 101.863 0.231
201703 0.183 102.862 0.237
201706 -0.833 103.349 -1.073
201709 0.530 104.136 0.678
201712 0.290 104.011 0.371
201803 0.334 105.290 0.422
201806 0.208 106.317 0.261
201809 0.522 106.507 0.653
201812 0.095 105.998 0.119
201903 0.309 107.251 0.384
201906 0.408 108.070 0.503
201909 0.510 108.329 0.627
201912 0.311 108.420 0.382
202003 0.516 108.902 0.631
202006 0.270 108.767 0.331
202009 0.612 109.815 0.742
202012 0.294 109.897 0.356
202103 0.637 111.754 0.759
202106 0.317 114.631 0.368
202109 0.628 115.734 0.723
202112 0.169 117.630 0.191
202203 0.559 121.301 0.614
202206 0.027 125.017 0.029
202209 0.882 125.227 0.938
202212 0.226 125.222 0.240
202303 0.608 127.348 0.636
202306 0.382 128.729 0.395
202309 0.456 129.860 0.468
202312 0.052 129.419 0.054
202403 0.391 131.776 0.395
202406 0.200 132.554 0.201
202409 0.356 133.029 0.356
202412 -0.031 133.157 -0.031

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


Hudson Pacific Properties  (FRA:HP9) 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.


Hudson Pacific Properties Cyclically Adjusted FCF per Share Related Terms

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


Hudson Pacific Properties Business Description

Industry
Traded in Other Exchanges
Address
11601 Wilshire Boulevard, Ninth Floor, Los Angeles, CA, USA, 90025
Hudson Pacific Properties Inc is a real estate investment trust that acquires, operates, and owns office buildings and media and entertainment properties, such as sound stages, on America's West Coast. The company focuses on developed, urban markets in Northern California, Southern California, and the Pacific Northwest. In terms of total square footage, the vast majority of Hudson Pacific's real estate portfolio is composed of office properties located in the Greater Seattle, San Francisco, and Los Angeles areas. The company operates in two reportable segments; office properties & related operations; and studio properties & related operations. The majority of revenue is derived from the office properties & related operations segment.

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