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Frasers Commercial Trust (SGX:UP8) Cyclically Adjusted FCF per Share : S$0.00 (As of Dec. 2019)


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What is Frasers Commercial Trust Cyclically Adjusted FCF per Share?

Note: As Cyclically Adjusted FCF per Share is a main component used to calculate Cyclically Adjusted Price-to-FCF. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Frasers Commercial Trust's adjusted free cash flow per share for the three months ended in Dec. 2019 was S$0.001. 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 S$0.00 for the trailing ten years ended in Dec. 2019.

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 (2024-06-24), Frasers Commercial Trust's current stock price is S$0.00. Frasers Commercial Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2019 was S$0.00. Frasers Commercial Trust's Cyclically Adjusted Price-to-FCF of today is .


Frasers Commercial Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Frasers Commercial Trust'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.

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Frasers Commercial Trust Cyclically Adjusted FCF per Share Chart

Frasers Commercial Trust Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
Cyclically Adjusted FCF per Share
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Frasers Commercial Trust Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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Competitive Comparison of Frasers Commercial Trust's Cyclically Adjusted FCF per Share

For the REIT - Office subindustry, Frasers Commercial Trust'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.


Frasers Commercial Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Frasers Commercial Trust's Cyclically Adjusted Price-to-FCF falls into.



Frasers Commercial Trust 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, Frasers Commercial Trust's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2019 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=0.001/108.4201*108.4201
=0.001

Current CPI (Dec. 2019) = 108.4201.

Frasers Commercial Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201003 0.029 91.821 0.034
201006 0.028 91.962 0.033
201009 0.023 92.162 0.027
201012 0.015 92.474 0.018
201103 0.024 94.283 0.028
201106 0.028 95.235 0.032
201109 0.025 95.727 0.028
201112 0.034 95.213 0.039
201203 0.026 96.783 0.029
201206 0.048 96.819 0.054
201209 0.029 97.633 0.032
201212 -0.013 96.871 -0.015
201303 0.026 98.209 0.029
201306 0.021 98.518 0.023
201309 0.019 98.790 0.021
201312 0.017 98.326 0.019
201403 0.027 99.695 0.029
201406 0.014 100.560 0.015
201409 0.058 100.428 0.063
201412 0.025 99.070 0.027
201503 0.029 99.621 0.032
201506 0.034 100.684 0.037
201509 0.039 100.392 0.042
201512 0.038 99.792 0.041
201603 0.026 100.470 0.028
201606 0.038 101.688 0.041
201609 0.043 101.861 0.046
201612 0.032 101.863 0.034
201703 0.016 102.862 0.017
201706 0.051 103.349 0.054
201709 0.037 104.136 0.039
201712 0.008 104.011 0.008
201803 0.048 105.290 0.049
201806 0.012 106.317 0.012
201809 -0.016 106.507 -0.016
201812 0.010 105.998 0.010
201903 0.047 107.251 0.048
201906 0.020 108.070 0.020
201909 0.003 108.329 0.003
201912 0.001 108.420 0.001

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


Frasers Commercial Trust  (SGX:UP8) 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.


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.


Frasers Commercial Trust Cyclically Adjusted FCF per Share Related Terms

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


Frasers Commercial Trust (SGX:UP8) Business Description

Industry
Traded in Other Exchanges
N/A
Address
438 Alexandra Road, No. 21-00 Alexandra Point, Singapore, SGP, 119958
Frasers Commercial Trust is an office and business park real estate investment trust with properties valued at around SGD 2.1 billion. The trust owns six properties: three in Australia, two in Singapore, and one in the United Kingdom. The trust wholly owns four of them, while Central Park and Farnborough Business Park are 50%-owned. Only two properties that the trust owns are located in the heart of a central business district. The trust is externally managed by Frasers Commercial Asset Management, and parent Frasers Property retains a 26% stake.

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