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Farmland Partners (STU:0FA) Cyclically Adjusted FCF per Share : €0.43 (As of Mar. 2025)


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What is Farmland Partners 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.

Farmland Partners's adjusted free cash flow per share for the three months ended in Mar. 2025 was €0.129. 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 €0.43 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Farmland Partners's average Cyclically Adjusted FCF Growth Rate was -25.40% 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 (2025-05-24), Farmland Partners's current stock price is €9.38. Farmland Partners's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €0.43. Farmland Partners's Cyclically Adjusted Price-to-FCF of today is 21.81.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Farmland Partners was 26.81. The lowest was 16.67. And the median was 20.58.


Farmland Partners Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Farmland Partners'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.

Farmland Partners Cyclically Adjusted FCF per Share Chart

Farmland Partners Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.48 0.54 0.50

Farmland Partners Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.56 0.47 0.46 0.50 0.43

Competitive Comparison of Farmland Partners's Cyclically Adjusted FCF per Share

For the REIT - Specialty subindustry, Farmland Partners'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.


Farmland Partners's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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


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Farmland Partners 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, Farmland Partners's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.129/134.9266*134.9266
=0.129

Current CPI (Mar. 2025) = 134.9266.

Farmland Partners Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.518 100.684 0.694
201509 -0.071 100.392 -0.095
201512 -0.074 99.792 -0.100
201603 0.439 100.470 0.590
201606 -0.058 101.688 -0.077
201609 -0.088 101.861 -0.117
201612 0.091 101.863 0.121
201703 -0.091 102.862 -0.119
201706 0.025 103.349 0.033
201709 -0.043 104.136 -0.056
201712 0.112 104.011 0.145
201803 0.370 105.290 0.474
201806 -0.026 106.317 -0.033
201809 -0.013 106.507 -0.016
201812 0.181 105.998 0.230
201903 0.398 107.251 0.501
201906 -0.031 108.070 -0.039
201909 -0.159 108.329 -0.198
201912 0.334 108.420 0.416
202003 0.394 108.902 0.488
202006 -0.087 108.767 -0.108
202009 0.005 109.815 0.006
202012 0.268 109.897 0.329
202103 0.315 111.754 0.380
202106 -0.085 114.631 -0.100
202109 -0.182 115.734 -0.212
202112 0.132 117.630 0.151
202203 0.204 121.301 0.227
202206 -0.035 125.017 -0.038
202209 0.006 125.227 0.006
202212 0.145 125.222 0.156
202303 0.274 127.348 0.290
202306 -0.101 128.729 -0.106
202309 -0.071 129.860 -0.074
202312 0.082 129.419 0.085
202403 0.229 131.776 0.234
202406 -0.118 132.554 -0.120
202409 -0.081 133.029 -0.082
202412 0.173 133.157 0.175
202503 0.129 134.927 0.129

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


Farmland Partners  (STU:0FA) 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.

Farmland Partners's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.38/0.43
=21.81

* 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 Farmland Partners was 26.81. The lowest was 16.67. And the median was 20.58.


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.


Farmland Partners Cyclically Adjusted FCF per Share Related Terms

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


Farmland Partners Business Description

Industry
Traded in Other Exchanges
Address
4600 South Syracuse Street, Suite 1450, Denver, CO, USA, 80237
Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company which owns and contracts farmland and storage facilities located across the United States. Majority of the properties in its portfolio are used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, and rest to produce specialty crops, such as almonds, pictachios, citrus, avacados, strawberies, and edible beans. The company generates its revenues through the rent it receives from its tenants.

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