GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Invesco Mortgage Capital Inc (STU:7M20) » Definitions » Cyclically Adjusted FCF per Share

Invesco Mortgage Capital (STU:7M20) Cyclically Adjusted FCF per Share : €17.75 (As of Mar. 2025)


View and export this data going back to 2019. Start your Free Trial

What is Invesco Mortgage Capital 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.

Invesco Mortgage Capital's adjusted free cash flow per share for the three months ended in Mar. 2025 was €0.285. 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 €17.75 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Invesco Mortgage Capital's average Cyclically Adjusted FCF Growth Rate was -14.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -11.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -8.80% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Invesco Mortgage Capital was -3.20% per year. The lowest was -11.30% per year. And the median was -7.35% per year.

As of today (2025-05-25), Invesco Mortgage Capital's current stock price is €6.462. Invesco Mortgage Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €17.75. Invesco Mortgage Capital's Cyclically Adjusted Price-to-FCF of today is 0.36.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Invesco Mortgage Capital was 5.79. The lowest was 0.27. And the median was 0.77.


Invesco Mortgage Capital Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Invesco Mortgage Capital'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.

Invesco Mortgage Capital Cyclically Adjusted FCF per Share Chart

Invesco Mortgage Capital 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 24.21 25.46 25.14 21.19 18.45

Invesco Mortgage Capital 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 20.31 19.88 18.61 18.45 17.75

Competitive Comparison of Invesco Mortgage Capital's Cyclically Adjusted FCF per Share

For the REIT - Mortgage subindustry, Invesco Mortgage Capital'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.


Invesco Mortgage Capital's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Invesco Mortgage Capital's Cyclically Adjusted Price-to-FCF falls into.


;
;

Invesco Mortgage Capital 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, Invesco Mortgage Capital'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)
=0.285/134.9266*134.9266
=0.285

Current CPI (Mar. 2025) = 134.9266.

Invesco Mortgage Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 6.302 100.684 8.445
201509 6.392 100.392 8.591
201512 6.378 99.792 8.624
201603 6.181 100.470 8.301
201606 6.533 101.688 8.668
201609 6.152 101.861 8.149
201612 2.327 101.863 3.082
201703 4.581 102.862 6.009
201706 5.483 103.349 7.158
201709 4.518 104.136 5.854
201712 6.120 104.011 7.939
201803 5.282 105.290 6.769
201806 5.373 106.317 6.819
201809 5.605 106.507 7.101
201812 6.500 105.998 8.274
201903 4.995 107.251 6.284
201906 6.097 108.070 7.612
201909 4.071 108.329 5.071
201912 7.869 108.420 9.793
202003 6.352 108.902 7.870
202006 1.094 108.767 1.357
202009 0.613 109.815 0.753
202012 1.159 109.897 1.423
202103 1.294 111.754 1.562
202106 1.243 114.631 1.463
202109 1.058 115.734 1.233
202112 1.163 117.630 1.334
202203 1.105 121.301 1.229
202206 1.165 125.017 1.257
202209 1.365 125.227 1.471
202212 1.787 125.222 1.925
202303 1.584 127.348 1.678
202306 1.885 128.729 1.976
202309 1.073 129.860 1.115
202312 0.599 129.419 0.624
202403 1.091 131.776 1.117
202406 0.621 132.554 0.632
202409 0.494 133.029 0.501
202412 0.970 133.157 0.983
202503 0.285 134.927 0.285

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


Invesco Mortgage Capital  (STU:7M20) 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.

Invesco Mortgage Capital's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=6.462/17.75
=0.36

* 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 Invesco Mortgage Capital was 5.79. The lowest was 0.27. And the median was 0.77.


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.


Invesco Mortgage Capital Cyclically Adjusted FCF per Share Related Terms

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


Invesco Mortgage Capital Business Description

Industry
Traded in Other Exchanges
Address
1331 Spring Street, North West, Suite 2500, Atlanta, GA, USA, 30309
Invesco Mortgage Capital Inc is a REIT that invests, finances, and manages residential and commercial mortgage-backed securities and mortgage loans. The company's portfolio consists of residential mortgage-backed securities (RMBS) that are guaranteed by a U.S. government agency such as the Government National Mortgage Association, or a federally chartered corporation such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation; Commercial mortgage-backed securities (CMBS) that are not guaranteed by a U.S. government agency or a federally chartered corporation; RMBS that are not guaranteed by a U.S. government agency or a federally chartered corporation; and other real estate-related financing arrangements.

Invesco Mortgage Capital Headlines

No Headlines