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HST (Host Hotels & Resorts) Cyclically Adjusted FCF per Share : $0.88 (As of Sep. 2024)


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What is Host Hotels & Resorts 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.

Host Hotels & Resorts's adjusted free cash flow per share for the three months ended in Sep. 2024 was $0.282. 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 $0.88 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Host Hotels & Resorts's average Cyclically Adjusted FCF Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 2.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% 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 Host Hotels & Resorts was 49.00% per year. The lowest was -6.70% per year. And the median was 7.00% per year.

As of today (2024-12-14), Host Hotels & Resorts's current stock price is $18.58. Host Hotels & Resorts's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $0.88. Host Hotels & Resorts's Cyclically Adjusted Price-to-FCF of today is 21.11.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Host Hotels & Resorts was 50.60. The lowest was 11.47. And the median was 25.80.


Host Hotels & Resorts Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Host Hotels & Resorts'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.

Host Hotels & Resorts Cyclically Adjusted FCF per Share Chart

Host Hotels & Resorts 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 0.78 0.64 0.65 0.79 0.83

Host Hotels & Resorts 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 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 0.86 0.83 0.87 0.88 0.88

Competitive Comparison of Host Hotels & Resorts's Cyclically Adjusted FCF per Share

For the REIT - Hotel & Motel subindustry, Host Hotels & Resorts'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.


Host Hotels & Resorts's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Host Hotels & Resorts's Cyclically Adjusted Price-to-FCF falls into.



Host Hotels & Resorts 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, Host Hotels & Resorts'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)
=0.282/133.0289*133.0289
=0.282

Current CPI (Sep. 2024) = 133.0289.

Host Hotels & Resorts Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.267 99.070 0.359
201503 -0.045 99.621 -0.060
201506 0.321 100.684 0.424
201509 0.125 100.392 0.166
201512 0.253 99.792 0.337
201603 0.068 100.470 0.090
201606 0.339 101.688 0.443
201609 0.267 101.861 0.349
201612 0.381 101.863 0.498
201703 0.179 102.862 0.231
201706 0.460 103.349 0.592
201709 0.253 104.136 0.323
201712 0.397 104.011 0.508
201803 0.180 105.290 0.227
201806 0.434 106.317 0.543
201809 0.226 106.507 0.282
201812 0.276 105.998 0.346
201903 0.131 107.251 0.162
201906 0.388 108.070 0.478
201909 0.190 108.329 0.233
201912 0.237 108.420 0.291
202003 0.037 108.902 0.045
202006 -0.484 108.767 -0.592
202009 -0.330 109.815 -0.400
202012 -0.366 109.897 -0.443
202103 -0.201 111.754 -0.239
202106 -0.110 114.631 -0.128
202109 0.007 115.734 0.008
202112 0.112 117.630 0.127
202203 0.194 121.301 0.213
202206 0.459 125.017 0.488
202209 0.322 125.227 0.342
202212 0.297 125.222 0.316
202303 0.227 127.348 0.237
202306 0.470 128.729 0.486
202309 0.232 129.860 0.238
202312 0.187 129.419 0.192
202403 0.371 131.776 0.375
202406 0.470 132.554 0.472
202409 0.282 133.029 0.282

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


Host Hotels & Resorts  (NAS:HST) 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.

Host Hotels & Resorts's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=18.58/0.88
=21.11

* 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 Host Hotels & Resorts was 50.60. The lowest was 11.47. And the median was 25.80.


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.


Host Hotels & Resorts Cyclically Adjusted FCF per Share Related Terms

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


Host Hotels & Resorts Business Description

Industry
Traded in Other Exchanges
Address
4747 Bethesda Avenue, Suite 1300, Bethesda, MD, USA, 20814
Host Hotels & Resorts owns 81 predominantly urban and resort upper-upscale and luxury hotel properties representing over 43,000 rooms, mainly in the United States. Host recently sold off the company's interests in a joint venture owning a portfolio of hotels throughout Europe and also sold other joint ventures that owned properties in Asia and the United States. The majority of Host's portfolio operates under the Marriott and Starwood brands.
Executives
Walter C Rakowich director 14100 E 35TH PL, AURORA CO 80011
James F Risoleo officer: Executive Vice President
Joseph Ottinger officer: See Remarks 4747 BETHESDA AVENUE, 13TH FLOOR, BETHESDA MD 20814
Sourav Ghosh officer: SVP, Business Intelligence, other: SVP, Business Intelligence 6903 ROCKLEDGE DRIVE, 15TH FLOOR, BETHESDA MD 20817
Nathan S Tyrrell officer: VP, Corp Finance & Asst Treas. 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817
Mary Baglivo director C/O SAATCHI & SAATCHI, 17 HUDSON STREET, NEW YORK NY 10014
Mari Sifo officer: Executive Vice President and 4747 BETHESDA AVENUE, SUITE 1300, BETHESDA MD 20814
Diana Laing director THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Herman E Bulls director JONES LANG LASALLE, 1801 K STREET NW SUITE 1000, WASHINGTON DC 20006
Joanne G. Hamilton officer: Executive Vice President 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817
Brian G Macnamara officer: Sr. Vice President, Controller 6903 ROCKLEDGE DRIVE, 15TH FLOOR, BETHESDA MD 20817
Bair Sheila Colleen director 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817
Richard E Marriott director, officer: Chairman of the Board 10400 FERNWOOD ROAD, BETHESDA MD 20817
Julie P Aslaksen officer: EVP, General Counsel & Sec. 4747 BETHESDA AVENUE, SUITE 1300, BETHESDA MD 20814
Michael E Lentz officer: Mng. Dir. - Global Development, other: Mng. Dir. - Global Development 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817