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Veris Residential (FRA:WY4) Cyclically Adjusted FCF per Share : €1.29 (As of Jun. 2024)


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What is Veris Residential 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.

Veris Residential's adjusted free cash flow per share for the three months ended in Jun. 2024 was €0.099. 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 €1.29 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Veris Residential's average Cyclically Adjusted FCF Growth Rate was -9.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -6.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -5.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 5.10% 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 Veris Residential was 68.70% per year. The lowest was -6.30% per year. And the median was 18.35% per year.

As of today (2024-09-22), Veris Residential's current stock price is €15.80. Veris Residential's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was €1.29. Veris Residential's Cyclically Adjusted Price-to-FCF of today is 12.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Veris Residential was 22.80. The lowest was 5.82. And the median was 10.82.


Veris Residential Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Veris Residential'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.

Veris Residential Cyclically Adjusted FCF per Share Chart

Veris Residential 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 1.58 1.40 1.52 1.49 1.30

Veris Residential Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.40 1.41 1.30 1.32 1.29

Competitive Comparison of Veris Residential's Cyclically Adjusted FCF per Share

For the REIT - Residential subindustry, Veris Residential'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.


Veris Residential's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Veris Residential's Cyclically Adjusted Price-to-FCF falls into.



Veris Residential 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, Veris Residential's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.099/132.5538*132.5538
=0.099

Current CPI (Jun. 2024) = 132.5538.

Veris Residential Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.237 100.428 0.313
201412 0.354 99.070 0.474
201503 0.361 99.621 0.480
201506 0.360 100.684 0.474
201509 0.400 100.392 0.528
201512 0.410 99.792 0.545
201603 0.228 100.470 0.301
201606 0.349 101.688 0.455
201609 0.355 101.861 0.462
201612 -0.044 101.863 -0.057
201703 0.477 102.862 0.615
201706 0.465 103.349 0.596
201709 0.490 104.136 0.624
201712 0.281 104.011 0.358
201803 0.459 105.290 0.578
201806 0.213 106.317 0.266
201809 0.377 106.507 0.469
201812 0.356 105.998 0.445
201903 0.404 107.251 0.499
201906 0.201 108.070 0.247
201909 0.470 108.329 0.575
201912 0.098 108.420 0.120
202003 0.394 108.902 0.480
202006 0.218 108.767 0.266
202009 0.071 109.815 0.086
202012 0.072 109.897 0.087
202103 0.220 111.754 0.261
202106 0.015 114.631 0.017
202109 0.112 115.734 0.128
202112 0.132 117.630 0.149
202203 0.286 121.301 0.313
202206 0.134 125.017 0.142
202209 0.141 125.227 0.149
202212 0.063 125.222 0.067
202303 0.112 127.348 0.117
202306 0.112 128.729 0.115
202309 0.083 129.860 0.085
202312 0.111 129.419 0.114
202403 0.143 131.776 0.144
202406 0.099 132.554 0.099

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


Veris Residential  (FRA:WY4) 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.

Veris Residential's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15.80/1.29
=12.25

* 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 Veris Residential was 22.80. The lowest was 5.82. And the median was 10.82.


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.


Veris Residential Cyclically Adjusted FCF per Share Related Terms

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


Veris Residential Business Description

Industry
Traded in Other Exchanges
Address
Harborside 3, 210 Hudson Street, Suite 400, Jersey City, NJ, USA, 07311
Veris Residential Inc is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located mainly in the Northeast and Class A office properties. The company performs substantially all real estate management, leasing, acquisition and development on an in-house basis. The properties are in three states in the Northeast, plus the District of Columbia. The company operates in two industry segments multifamily real estate & services and commercial & other real estate. The majority of revenue is from Multifamily real estate services.

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