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Prime Office A/S (LTS:0JBG) Cyclically Adjusted FCF per Share : kr6.34 (As of Mar. 2024)


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What is Prime Office A/S 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.

Prime Office A/S's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr4.368. 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 kr6.34 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Prime Office A/S's average Cyclically Adjusted FCF Growth Rate was 14.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 21.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 31.90% 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 Prime Office A/S was 48.70% per year. The lowest was 21.50% per year. And the median was 22.10% per year.

As of today (2024-06-08), Prime Office A/S's current stock price is kr60.66668. Prime Office A/S's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr6.34. Prime Office A/S's Cyclically Adjusted Price-to-FCF of today is 9.57.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Prime Office A/S was 47.16. The lowest was 9.40. And the median was 22.00.


Prime Office A/S Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Prime Office A/S'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.

Prime Office A/S Cyclically Adjusted FCF per Share Chart

Prime Office A/S 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 2.70 2.94 2.57 4.00 5.44

Prime Office A/S 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 4.00 4.78 4.83 5.44 6.34

Competitive Comparison of Prime Office A/S's Cyclically Adjusted FCF per Share

For the Real Estate - Development subindustry, Prime Office A/S'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.


Prime Office A/S's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Prime Office A/S's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Prime Office A/S's Cyclically Adjusted Price-to-FCF falls into.



Prime Office A/S 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, Prime Office A/S'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)
=4.368/118.4000*118.4000
=4.368

Current CPI (Mar. 2024) = 118.4000.

Prime Office A/S Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.013 99.700 -0.015
201409 2.577 99.700 3.060
201412 3.511 99.400 4.182
201503 1.530 100.200 1.808
201506 -23.824 100.300 -28.123
201509 1.253 100.200 1.481
201512 0.162 99.800 0.192
201603 6.851 100.200 8.095
201606 2.889 100.600 3.400
201609 1.858 100.200 2.195
201612 5.362 100.300 6.330
201703 4.408 101.200 5.157
201706 2.834 101.200 3.316
201709 2.072 101.800 2.410
201712 2.413 101.300 2.820
201803 -0.419 101.700 -0.488
201806 1.707 102.300 1.976
201809 -0.316 102.400 -0.365
201812 9.370 102.100 10.866
201903 3.641 102.900 4.189
201906 4.502 102.900 5.180
201909 5.839 102.900 6.719
201912 32.232 102.900 37.087
202003 3.090 103.300 3.542
202006 2.931 103.200 3.363
202009 5.657 103.500 6.471
202012 7.205 103.400 8.250
202103 4.339 104.300 4.926
202106 4.521 105.000 5.098
202109 6.316 105.800 7.068
202112 6.692 106.600 7.433
202203 2.243 109.900 2.416
202206 6.357 113.600 6.626
202209 3.096 116.400 3.149
202212 9.490 115.900 9.695
202303 6.454 117.300 6.515
202306 2.384 116.400 2.425
202309 5.965 117.400 6.016
202312 14.941 116.700 15.159
202403 4.368 118.400 4.368

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


Prime Office A/S  (LTS:0JBG) 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.

Prime Office A/S's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=60.66668/6.34
=9.57

* 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 Prime Office A/S was 47.16. The lowest was 9.40. And the median was 22.00.


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.


Prime Office A/S Cyclically Adjusted FCF per Share Related Terms

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


Prime Office A/S (LTS:0JBG) Business Description

Industry
Traded in Other Exchanges
Address
Sonder Alle 6, 2. sal, Arhus, DNK, DK-8000
Prime Office A/S is a Denmark based real estate company. Its portfolio consists of office properties, residential and commercial properties and invests in property company which owns apartments in Northern Germany.

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