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Kennedy-Wilson Holdings (LTS:0JQI) Cyclically Adjusted FCF per Share : $-0.50 (As of Dec. 2023)


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What is Kennedy-Wilson Holdings 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.

Kennedy-Wilson Holdings's adjusted free cash flow per share for the three months ended in Dec. 2023 was $-0.137. 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 $-0.50 for the trailing ten years ended in Dec. 2023.

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 Kennedy-Wilson Holdings was 5.30% per year. The lowest was -41.50% per year. And the median was -18.10% per year.

As of today (2024-05-06), Kennedy-Wilson Holdings's current stock price is $8.9002. Kennedy-Wilson Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $-0.50. Kennedy-Wilson Holdings's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kennedy-Wilson Holdings was 1219.00. The lowest was 56.55. And the median was 145.63.


Kennedy-Wilson Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Kennedy-Wilson Holdings'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.

Kennedy-Wilson Holdings Cyclically Adjusted FCF per Share Chart

Kennedy-Wilson Holdings 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 0.22 0.13 0.02 -0.15 -0.50

Kennedy-Wilson Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.15 -0.17 -0.17 -0.27 -0.50

Competitive Comparison of Kennedy-Wilson Holdings's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, Kennedy-Wilson Holdings'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.


Kennedy-Wilson Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kennedy-Wilson Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Kennedy-Wilson Holdings's Cyclically Adjusted Price-to-FCF falls into.



Kennedy-Wilson Holdings 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, Kennedy-Wilson Holdings's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.137/129.4194*129.4194
=-0.137

Current CPI (Dec. 2023) = 129.4194.

Kennedy-Wilson Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.413 99.695 -0.536
201406 0.999 100.560 1.286
201409 0.231 100.428 0.298
201412 0.130 99.070 0.170
201503 -0.181 99.621 -0.235
201506 0.484 100.684 0.622
201509 0.716 100.392 0.923
201512 0.526 99.792 0.682
201603 -0.081 100.470 -0.104
201606 0.178 101.688 0.227
201609 0.625 101.861 0.794
201612 0.224 101.863 0.285
201703 0.100 102.862 0.126
201706 0.510 103.349 0.639
201709 0.548 104.136 0.681
201712 -0.402 104.011 -0.500
201803 -0.069 105.290 -0.085
201806 -0.267 106.317 -0.325
201809 -0.176 106.507 -0.214
201812 -0.341 105.998 -0.416
201903 -0.587 107.251 -0.708
201906 -0.335 108.070 -0.401
201909 -0.394 108.329 -0.471
201912 -0.185 108.420 -0.221
202003 -0.528 108.902 -0.627
202006 -0.502 108.767 -0.597
202009 0.175 109.815 0.206
202012 -0.616 109.897 -0.725
202103 -0.893 111.754 -1.034
202106 -0.078 114.631 -0.088
202109 -0.368 115.734 -0.412
202112 0.120 117.630 0.132
202203 -0.568 121.301 -0.606
202206 0.031 125.017 0.032
202209 -0.239 125.227 -0.247
202212 -0.098 125.222 -0.101
202303 -0.770 127.348 -0.783
202306 0.075 128.729 0.075
202309 -0.383 129.860 -0.382
202312 -0.137 129.419 -0.137

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


Kennedy-Wilson Holdings  (LTS:0JQI) 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 Kennedy-Wilson Holdings was 1219.00. The lowest was 56.55. And the median was 145.63.


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.


Kennedy-Wilson Holdings Cyclically Adjusted FCF per Share Related Terms

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


Kennedy-Wilson Holdings (LTS:0JQI) Business Description

Traded in Other Exchanges
Address
151 S El Camino Drive, Beverly Hills, CA, USA, 90212
Kennedy-Wilson Holdings Inc is a real estate investment company that owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and office properties, as well as industrial and debt investments. It has two business segments; Consolidated Portfolio includes investment activities that involve ownership of multifamily units, office, retail and industrial space, and one hotel, and The Co-Investment Portfolio segment consists of investments the Company makes with partners in which it receives fees, performance allocations that it earns on its fee-bearing capital and distributions and profits from its ownership interest in the underlying operations of its co-investments.

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