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SL Green Realty (MEX:SLG) Cyclically Adjusted FCF per Share : MXN70.09 (As of Mar. 2024)


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What is SL Green 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.

SL Green Realty's adjusted free cash flow per share for the three months ended in Mar. 2024 was MXN-5.843. 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 MXN70.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SL Green Realty's average Cyclically Adjusted FCF Growth Rate was -1.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.30% 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 SL Green Realty was 18.00% per year. The lowest was 2.20% per year. And the median was 9.20% per year.

As of today (2024-06-24), SL Green Realty's current stock price is MXN644.00. SL Green Realty's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was MXN70.09. SL Green Realty's Cyclically Adjusted Price-to-FCF of today is 9.19.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SL Green Realty was 53.96. The lowest was 3.39. And the median was 14.48.


SL Green Realty Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SL Green 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.

SL Green Realty Cyclically Adjusted FCF per Share Chart

SL Green 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 - - - - 86.26

SL Green Realty 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 - 86.80 105.32 86.26 70.09

Competitive Comparison of SL Green Realty's Cyclically Adjusted FCF per Share

For the REIT - Office subindustry, SL Green 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.


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

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

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



SL Green 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, SL Green Realty'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)
=-5.843/131.7762*131.7762
=-5.843

Current CPI (Mar. 2024) = 131.7762.

SL Green Realty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 25.280 100.560 33.128
201409 13.949 100.428 18.303
201412 17.041 99.070 22.667
201503 13.853 99.621 18.324
201506 23.108 100.684 30.244
201509 14.983 100.392 19.667
201512 34.589 99.792 45.675
201603 19.387 100.470 25.428
201606 47.094 101.688 61.028
201609 25.629 101.861 33.156
201612 27.263 101.863 35.269
201703 20.773 102.862 26.612
201706 35.117 103.349 44.776
201709 18.465 104.136 23.366
201712 26.225 104.011 33.226
201803 18.558 105.290 23.226
201806 33.308 106.317 41.284
201809 15.186 106.507 18.789
201812 31.901 105.998 39.659
201903 14.167 107.251 17.407
201906 35.197 108.070 42.918
201909 19.101 108.329 23.235
201912 17.510 108.420 21.282
202003 12.264 108.902 14.840
202006 53.895 108.767 65.296
202009 30.359 109.815 36.430
202012 67.690 109.897 81.166
202103 5.281 111.754 6.227
202106 23.514 114.631 27.031
202109 25.962 115.734 29.561
202112 19.058 117.630 21.350
202203 23.079 121.301 25.072
202206 29.449 125.017 31.041
202209 19.618 125.227 20.644
202212 8.064 125.222 8.486
202303 11.099 127.348 11.485
202306 15.464 128.729 15.830
202309 19.727 129.860 20.018
202312 12.190 129.419 12.412
202403 -5.843 131.776 -5.843

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


SL Green Realty  (MEX:SLG) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=644.00/70.09
=9.19

* 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 SL Green Realty was 53.96. The lowest was 3.39. And the median was 14.48.


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.


SL Green Realty Cyclically Adjusted FCF per Share Related Terms

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


SL Green Realty (MEX:SLG) Business Description

Industry
Address
One Vanderbilt Avenue, New York, NY, USA, 10017
SL Green Realty is one of the largest Manhattan property owners and landlords, with interest in around 35 million square feet of wholly owned and joint-venture office space. The company has additional property exposure through its limited portfolio of well-located retail space. It operates as a real estate investment trust.