GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PSP Swiss Property AG (FRA:P7S) » Definitions » Cyclically Adjusted FCF per Share

PSP Swiss Property AG (FRA:P7S) Cyclically Adjusted FCF per Share : €0.00 (As of Mar. 2024)


View and export this data going back to . Start your Free Trial

What is PSP Swiss Property AG Cyclically Adjusted FCF per Share?

Note: As Cyclically Adjusted FCF per Share is a main component used to calculate Cyclically Adjusted Price-to-FCF. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

PSP Swiss Property AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.843. 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 €0.00 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.60% 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 PSP Swiss Property AG was 10.10% per year. The lowest was 7.80% per year. And the median was 8.50% per year.

As of today (2024-06-19), PSP Swiss Property AG's current stock price is €102.30. PSP Swiss Property AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.00. PSP Swiss Property AG's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PSP Swiss Property AG was 81.32. The lowest was 37.52. And the median was 55.21.


PSP Swiss Property AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PSP Swiss Property AG'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.

PSP Swiss Property AG Cyclically Adjusted FCF per Share Chart

PSP Swiss Property AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.45 1.75 1.97 2.38 2.24

PSP Swiss Property AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.56 2.71 2.42 2.24 -

Competitive Comparison of PSP Swiss Property AG's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, PSP Swiss Property AG'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.


PSP Swiss Property AG's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PSP Swiss Property AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PSP Swiss Property AG's Cyclically Adjusted Price-to-FCF falls into.



PSP Swiss Property AG 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, PSP Swiss Property AG's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.843/107.3549*107.3549
=0.843

Current CPI (Mar. 2024) = 107.3549.

PSP Swiss Property AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.887 101.517 0.938
201409 0.396 101.247 0.420
201412 0.054 100.704 0.058
201503 0.000 100.339 0.000
201506 0.339 100.464 0.362
201509 0.614 99.785 0.661
201512 0.313 99.386 0.338
201603 0.297 99.475 0.321
201606 0.551 100.088 0.591
201609 0.696 99.604 0.750
201612 0.390 99.380 0.421
201703 -0.125 100.040 -0.134
201706 0.404 100.285 0.432
201709 1.082 100.254 1.159
201712 0.285 100.213 0.305
201803 0.053 100.836 0.056
201806 0.474 101.435 0.502
201809 1.008 101.246 1.069
201812 0.420 100.906 0.447
201903 0.151 101.571 0.160
201906 0.537 102.044 0.565
201909 0.791 101.396 0.837
201912 1.041 101.063 1.106
202003 -0.635 101.048 -0.675
202006 0.259 100.743 0.276
202009 0.958 100.585 1.022
202012 0.943 100.241 1.010
202103 0.773 100.800 0.823
202106 0.624 101.352 0.661
202109 0.722 101.533 0.763
202112 0.688 101.776 0.726
202203 1.745 103.205 1.815
202206 0.678 104.783 0.695
202209 0.695 104.835 0.712
202212 0.484 104.666 0.496
202303 0.186 106.245 0.188
202306 0.980 106.576 0.987
202309 1.068 106.570 1.076
202312 0.854 106.461 0.861
202403 0.843 107.355 0.843

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


PSP Swiss Property AG  (FRA:P7S) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PSP Swiss Property AG was 81.32. The lowest was 37.52. And the median was 55.21.


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.


PSP Swiss Property AG Cyclically Adjusted FCF per Share Related Terms

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


PSP Swiss Property AG (FRA:P7S) Business Description

Industry
Address
Kolinplatz 2, Zug, CHE, CH-6300
PSP Swiss Property AG is a general real estate company. The company reports three business units: real estate investments, property management, and holding. The vast majority of revenue is generated by rental income. All PSP property is located in Switzerland. The company considers merger and acquisition investment as a potential component of its operational growth strategy. The company's real estate investment segment invests exclusively in commercial properties, with leases primarily in office and retail property.

PSP Swiss Property AG (FRA:P7S) Headlines

No Headlines