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Kimco Realty (LTS:0JR1) Cyclically Adjusted FCF per Share : $1.68 (As of Sep. 2024)


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What is Kimco Realty 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.

Kimco Realty's adjusted free cash flow per share for the three months ended in Sep. 2024 was $0.441. 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 $1.68 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Kimco Realty's average Cyclically Adjusted FCF Growth Rate was 0.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.30% 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 Kimco Realty was 76.70% per year. The lowest was -26.00% per year. And the median was 4.80% per year.

As of today (2025-01-18), Kimco Realty's current stock price is $22.39. Kimco Realty's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $1.68. Kimco Realty's Cyclically Adjusted Price-to-FCF of today is 13.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kimco Realty was 263.18. The lowest was 6.07. And the median was 14.92.


Kimco Realty Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Kimco Realty'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.

Kimco Realty Cyclically Adjusted FCF per Share Chart

Kimco Realty 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 1.26 1.32 1.56 1.64 1.70

Kimco Realty 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 1.68 1.70 1.67 1.66 1.68

Competitive Comparison of Kimco Realty's Cyclically Adjusted FCF per Share

For the REIT - Retail subindustry, Kimco Realty'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.


Kimco Realty's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Kimco Realty 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, Kimco Realty'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)
=0.441/133.0289*133.0289
=0.441

Current CPI (Sep. 2024) = 133.0289.

Kimco Realty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.290 99.070 0.389
201503 0.393 99.621 0.525
201506 0.298 100.684 0.394
201509 0.428 100.392 0.567
201512 0.075 99.792 0.100
201603 0.331 100.470 0.438
201606 0.188 101.688 0.246
201609 0.544 101.861 0.710
201612 0.348 101.863 0.454
201703 0.370 102.862 0.479
201706 0.336 103.349 0.432
201709 0.457 104.136 0.584
201712 0.284 104.011 0.363
201803 0.453 105.290 0.572
201806 0.379 106.317 0.474
201809 0.392 106.507 0.490
201812 0.290 105.998 0.364
201903 0.369 107.251 0.458
201906 0.376 108.070 0.463
201909 0.401 108.329 0.492
201912 0.238 108.420 0.292
202003 0.361 108.902 0.441
202006 0.191 108.767 0.234
202009 0.531 109.815 0.643
202012 0.287 109.897 0.347
202103 0.343 111.754 0.408
202106 0.336 114.631 0.390
202109 0.225 115.734 0.259
202112 0.324 117.630 0.366
202203 0.315 121.301 0.345
202206 0.402 125.017 0.428
202209 0.426 125.227 0.453
202212 0.251 125.222 0.267
202303 0.557 127.348 0.582
202306 0.413 128.729 0.427
202309 0.455 129.860 0.466
202312 0.308 129.419 0.317
202403 0.263 131.776 0.266
202406 0.438 132.554 0.440
202409 0.441 133.029 0.441

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


Kimco Realty  (LTS:0JR1) 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.

Kimco Realty's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=22.39/1.68
=13.33

* 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 Kimco Realty was 263.18. The lowest was 6.07. And the median was 14.92.


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.


Kimco Realty Cyclically Adjusted FCF per Share Related Terms

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


Kimco Realty Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Kimco Realty Corp (LTS:0JR1) » Definitions » Cyclically Adjusted FCF per Share
Address
500 North Broadway, Suite 201, Jericho, NY, USA, 11753
One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 567 shopping centers throughout major markets in the US, representing roughly 101 million square feet.

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