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Rayonier (STU:RA6) Cyclically Adjusted FCF per Share : €0.07 (As of Sep. 2024)


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What is Rayonier 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.

Rayonier's adjusted free cash flow per share for the three months ended in Sep. 2024 was €0.276. 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 €0.07 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Rayonier's average Cyclically Adjusted FCF Growth Rate was -78.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -38.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -28.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -14.80% 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 Rayonier was 5.40% per year. The lowest was -38.30% per year. And the median was -3.40% per year.

As of today (2025-01-18), Rayonier's current stock price is €25.40. Rayonier's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was €0.07. Rayonier's Cyclically Adjusted Price-to-FCF of today is 362.86.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Rayonier was 404.50. The lowest was 15.90. And the median was 35.81.


Rayonier Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Rayonier'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.

Rayonier Cyclically Adjusted FCF per Share Chart

Rayonier Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.51 0.68 0.44 0.14

Rayonier Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.36 0.14 0.11 0.07 0.07

Competitive Comparison of Rayonier's Cyclically Adjusted FCF per Share

For the REIT - Specialty subindustry, Rayonier'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.


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

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

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.276/133.0289*133.0289
=0.276

Current CPI (Sep. 2024) = 133.0289.

Rayonier Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.125 99.070 -0.168
201503 0.124 99.621 0.166
201506 -0.319 100.684 -0.421
201509 0.323 100.392 0.428
201512 0.024 99.792 0.032
201603 0.024 100.470 0.032
201606 -1.668 101.688 -2.182
201609 -0.052 101.861 -0.068
201612 0.049 101.863 0.064
201703 0.043 102.862 0.056
201706 -1.034 103.349 -1.331
201709 0.263 104.136 0.336
201712 0.300 104.011 0.384
201803 0.407 105.290 0.514
201806 0.392 106.317 0.490
201809 0.353 106.507 0.441
201812 0.083 105.998 0.104
201903 0.303 107.251 0.376
201906 0.113 108.070 0.139
201909 -0.169 108.329 -0.208
201912 -0.202 108.420 -0.248
202003 -0.085 108.902 -0.104
202006 0.268 108.767 0.328
202009 0.249 109.815 0.302
202012 0.256 109.897 0.310
202103 0.048 111.754 0.057
202106 0.417 114.631 0.484
202109 0.566 115.734 0.651
202112 -0.645 117.630 -0.729
202203 0.190 121.301 0.208
202206 0.527 125.017 0.561
202209 0.292 125.227 0.310
202212 -2.649 125.222 -2.814
202303 0.225 127.348 0.235
202306 0.272 128.729 0.281
202309 0.382 129.860 0.391
202312 0.370 129.419 0.380
202403 0.203 131.776 0.205
202406 0.232 132.554 0.233
202409 0.276 133.029 0.276

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


Rayonier  (STU:RA6) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=25.40/0.07
=362.86

* 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 Rayonier was 404.50. The lowest was 15.90. And the median was 35.81.


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.


Rayonier Cyclically Adjusted FCF per Share Related Terms

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


Rayonier Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Rayonier Inc (STU:RA6) » Definitions » Cyclically Adjusted FCF per Share
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Address
1 Rayonier Way, Wildlight, FL, USA, 32097
Rayonier owns and manages over 2 million acres of timberland in the United States. It is one the largest private landowners in North America. The firm also owns timberland in New Zealand. Rayonier is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities.

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