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Crombie Real Estate Investment Trust (TSX:CRR.UN) Cyclically Adjusted FCF per Share : C$0.26 (As of Dec. 2023)


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What is Crombie Real Estate Investment Trust 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.

Crombie Real Estate Investment Trust's adjusted free cash flow per share for the three months ended in Dec. 2023 was C$0.402. 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 C$0.26 for the trailing ten years ended in Dec. 2023.

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 Crombie Real Estate Investment Trust was 51.10% per year. The lowest was 18.00% per year. And the median was 27.10% per year.

As of today (2024-05-01), Crombie Real Estate Investment Trust's current stock price is C$12.85. Crombie Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$0.26. Crombie Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF of today is 49.42.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Crombie Real Estate Investment Trust was 156.70. The lowest was 48.86. And the median was 57.50.


Crombie Real Estate Investment Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Crombie Real Estate Investment 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.

* Premium members only.

Crombie Real Estate Investment Trust Cyclically Adjusted FCF per Share Chart

Crombie Real Estate Investment Trust 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 -1.20 -0.87 -0.54 -0.14 0.26

Crombie Real Estate Investment Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.14 0.10 0.15 0.24 0.26

Competitive Comparison of Crombie Real Estate Investment Trust's Cyclically Adjusted FCF per Share

For the REIT - Diversified subindustry, Crombie Real Estate Investment 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.


Crombie Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Crombie Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF falls into.



Crombie Real Estate Investment 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, Crombie Real Estate Investment Trust's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.402/125.4675*125.4675
=0.402

Current CPI (Dec. 2023) = 125.4675.

Crombie Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.054 98.604 0.069
201406 -0.197 99.473 -0.248
201409 0.143 99.394 0.181
201412 0.080 98.367 0.102
201503 0.028 99.789 0.035
201506 -0.071 100.500 -0.089
201509 0.079 100.421 0.099
201512 0.136 99.947 0.171
201603 -0.006 101.054 -0.007
201606 -3.270 102.002 -4.022
201609 0.029 101.765 0.036
201612 0.109 101.449 0.135
201703 0.212 102.634 0.259
201706 -0.012 103.029 -0.015
201709 0.251 103.345 0.305
201712 0.136 103.345 0.165
201803 0.164 105.004 0.196
201806 -0.747 105.557 -0.888
201809 0.149 105.636 0.177
201812 0.648 105.399 0.771
201903 0.114 106.979 0.134
201906 -0.195 107.690 -0.227
201909 -0.104 107.611 -0.121
201912 -0.061 107.769 -0.071
202003 0.236 107.927 0.274
202006 0.076 108.401 0.088
202009 0.389 108.164 0.451
202012 0.351 108.559 0.406
202103 0.255 110.298 0.290
202106 0.161 111.720 0.181
202109 0.451 112.905 0.501
202112 0.520 113.774 0.573
202203 0.365 117.646 0.389
202206 0.132 120.806 0.137
202209 0.447 120.648 0.465
202212 0.386 120.964 0.400
202303 0.339 122.702 0.347
202306 0.205 124.203 0.207
202309 0.387 125.230 0.388
202312 0.402 125.468 0.402

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


Crombie Real Estate Investment Trust  (TSX:CRR.UN) 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.

Crombie Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=12.85/0.26
=49.42

* 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 Crombie Real Estate Investment Trust was 156.70. The lowest was 48.86. And the median was 57.50.


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.


Crombie Real Estate Investment Trust Cyclically Adjusted FCF per Share Related Terms

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


Crombie Real Estate Investment Trust (TSX:CRR.UN) Business Description

Traded in Other Exchanges
Address
610 East River Road, Suite 200, New Glasgow, NS, CAN, B2H 3S2
Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada's urban and suburban markets. Crombie's major tenants include retailers such as Sobeys, Shoppers Drug Mart, Cineplex, and Province of Nova Scotia. The company's property portfolio includes Aberdeen Business Centre, Barrington Place, Brunswick Place, Kenmount Business Centre, Barrington Tower, CIBC Building, Amherst Centre, Avalon Mall, County Fair Mall, and others.

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