GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dynex Capital Inc (STU:DYT1) » Definitions » Cyclically Adjusted FCF per Share

Dynex Capital (STU:DYT1) Cyclically Adjusted FCF per Share : €7.98 (As of Mar. 2025)


View and export this data going back to 2022. Start your Free Trial

What is Dynex 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.

Dynex Capital's adjusted free cash flow per share for the three months ended in Mar. 2025 was €0.065. 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 €7.98 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Dynex Capital's average Cyclically Adjusted FCF Growth Rate was -13.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -7.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 5.60% 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 Dynex Capital was 45.60% per year. The lowest was -30.40% per year. And the median was 4.80% per year.

As of today (2025-05-28), Dynex Capital's current stock price is €10.445. Dynex Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €7.98. Dynex Capital's Cyclically Adjusted Price-to-FCF of today is 1.31.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Dynex Capital was 4.18. The lowest was 0.88. And the median was 1.66.


Dynex Capital Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Dynex 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.

Dynex Capital Cyclically Adjusted FCF per Share Chart

Dynex 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 - - 10.54 9.24 8.36

Dynex 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 9.10 8.98 8.27 8.36 7.98

Competitive Comparison of Dynex Capital's Cyclically Adjusted FCF per Share

For the REIT - Mortgage subindustry, Dynex 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.


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

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

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


;
;

Dynex 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, Dynex 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)
=0.065/134.9266*134.9266
=0.065

Current CPI (Mar. 2025) = 134.9266.

Dynex Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 2.813 100.684 3.770
201509 2.742 100.392 3.685
201512 3.043 99.792 4.114
201603 2.945 100.470 3.955
201606 2.860 101.688 3.795
201609 2.797 101.861 3.705
201612 3.060 101.863 4.053
201703 2.687 102.862 3.525
201706 3.033 103.349 3.960
201709 2.680 104.136 3.472
201712 2.294 104.011 2.976
201803 1.824 105.290 2.337
201806 2.330 106.317 2.957
201809 2.030 106.507 2.572
201812 1.818 105.998 2.314
201903 1.563 107.251 1.966
201906 1.609 108.070 2.009
201909 1.398 108.329 1.741
201912 2.087 108.420 2.597
202003 1.733 108.902 2.147
202006 1.521 108.767 1.887
202009 1.706 109.815 2.096
202012 1.554 109.897 1.908
202103 0.947 111.754 1.143
202106 0.978 114.631 1.151
202109 0.990 115.734 1.154
202112 0.920 117.630 1.055
202203 0.845 121.301 0.940
202206 0.865 125.017 0.934
202209 0.569 125.227 0.613
202212 0.582 125.222 0.627
202303 0.065 127.348 0.069
202306 0.532 128.729 0.558
202309 0.179 129.860 0.186
202312 0.268 129.419 0.279
202403 -0.264 131.776 -0.270
202406 0.258 132.554 0.263
202409 -0.027 133.029 -0.027
202412 0.177 133.157 0.179
202503 0.065 134.927 0.065

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


Dynex Capital  (STU:DYT1) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.445/7.98
=1.31

* 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 Dynex Capital was 4.18. The lowest was 0.88. And the median was 1.66.


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.


Dynex Capital Cyclically Adjusted FCF per Share Related Terms

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


Dynex Capital Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dynex Capital Inc (STU:DYT1) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
4991 Lake Brook Drive, Suite 100, Glen Allen, Richmond, VA, USA, 23060-9245
Dynex Capital Inc is an internally managed mortgage real estate investment trust, which invests in mortgage-backed securities. The company invests in residential and commercial mortgage-backed securities. Its objective is to provide attractive risk-adjusted returns to shareholders over the long term that are reflective of a leveraged, high quality fixed income portfolio with a focus on capital preservation. Its investments consist principally of Agency mortgage-backed securities including, residential MBS and commercial MBS.

Dynex Capital Headlines

No Headlines