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PMREF (Primaris REIT) Cyclically Adjusted FCF per Share : $0.47 (As of Dec. 2024)


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What is Primaris REIT 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.

Primaris REIT's adjusted free cash flow per share for the three months ended in Dec. 2024 was $0.513. 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 $0.47 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Primaris REIT's average Cyclically Adjusted FCF Growth Rate was 47.80% 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.

As of today (2025-03-04), Primaris REIT's current stock price is $10.98. Primaris REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was $0.47. Primaris REIT's Cyclically Adjusted Price-to-FCF of today is 23.36.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Primaris REIT was 47.33. The lowest was 11.41. And the median was 19.75.


Primaris REIT Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Primaris REIT'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.

Primaris REIT Cyclically Adjusted FCF per Share Chart

Primaris REIT Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.27 0.34 0.47

Primaris REIT Quarterly Data
Jun12 Sep12 Dec12 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.34 0.53 0.56 0.42 0.47

Competitive Comparison of Primaris REIT's Cyclically Adjusted FCF per Share

For the REIT - Retail subindustry, Primaris REIT'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.


Primaris REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Primaris REIT 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, Primaris REIT's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.513/127.3637*127.3637
=0.513

Current CPI (Dec. 2024) = 127.3637.

Primaris REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200706 -2.918 88.412 -4.204
200709 -0.685 88.412 -0.987
200712 4.592 88.491 6.609
200803 0.034 88.965 0.049
200806 0.250 91.177 0.349
200809 0.045 91.414 0.063
200812 0.281 89.518 0.400
200903 0.111 90.071 0.157
200906 0.036 90.940 0.050
200909 0.239 90.624 0.336
200912 -3.472 90.703 -4.875
201003 0.430 91.335 0.600
201006 0.342 91.809 0.474
201009 -1.829 92.362 -2.522
201012 0.734 92.836 1.007
201103 0.434 94.338 0.586
201106 0.390 94.654 0.525
201109 0.556 95.286 0.743
201112 0.493 94.970 0.661
201203 0.374 96.155 0.495
201206 0.554 96.076 0.734
201209 0.585 96.392 0.773
201212 0.530 95.760 0.705
202012 0.000 108.559 0.000
202103 0.031 110.298 0.036
202106 -1.351 111.720 -1.540
202109 0.102 112.905 0.115
202112 0.609 113.774 0.682
202203 0.272 117.646 0.294
202206 0.225 120.806 0.237
202209 0.386 120.648 0.407
202212 0.297 120.964 0.313
202303 0.162 122.702 0.168
202306 0.322 124.203 0.330
202309 0.372 125.230 0.378
202312 0.432 125.072 0.440
202403 0.056 126.258 0.056
202406 0.337 127.522 0.337
202409 0.337 127.285 0.337
202412 0.513 127.364 0.513

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


Primaris REIT  (OTCPK:PMREF) 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.

Primaris REIT's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.98/0.47
=23.36

* 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 Primaris REIT was 47.33. The lowest was 11.41. And the median was 19.75.


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.


Primaris REIT Cyclically Adjusted FCF per Share Related Terms

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


Primaris REIT Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Primaris REIT (OTCPK:PMREF) » Definitions » Cyclically Adjusted FCF per Share
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Address
181 Bay Street, Suite 2720, Brookfield Place, Toronto, ON, CAN, M5J 2T3
Primaris REIT is an unincorporated, open-ended real estate investment trust. Through its subsidiaries, it owns, develops, and operates a national retail portfolio focused on enclosed shopping centres located in secondary Canadian markets. Its property portfolio includes; Dufferin Mall, Cataraqui Centre, Stone Road Mall, Orchard Park, Kildonan Place, Halifax Shopping Centre, Marlborough Mall, and Devonshire Mall. The company generates a majority of its revenue from the Rent receivables.