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Carindale Property Trust (ASX:CDP) Cyclically Adjusted Price-to-FCF : 9.46 (As of Apr. 30, 2024)


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What is Carindale Property Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Carindale Property Trust's current share price is A$4.35. Carindale Property Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was A$0.46. Carindale Property Trust's Cyclically Adjusted Price-to-FCF for today is 9.46.

The historical rank and industry rank for Carindale Property Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ASX:CDP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.05   Med: 15.97   Max: 21.34
Current: 9.41

During the past 13 years, Carindale Property Trust's highest Cyclically Adjusted Price-to-FCF was 21.34. The lowest was 6.05. And the median was 15.97.

ASX:CDP's Cyclically Adjusted Price-to-FCF is ranked better than
62.76% of 392 companies
in the REITs industry
Industry Median: 11.43 vs ASX:CDP: 9.41

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.

Carindale Property Trust's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was A$0.374. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is A$0.46 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Carindale Property Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Carindale Property Trust's Cyclically Adjusted Price-to-FCF 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.

Carindale Property Trust Cyclically Adjusted Price-to-FCF Chart

Carindale Property Trust Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.39 8.66 10.19 9.78 8.83

Carindale Property Trust Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cyclically Adjusted Price-to-FCF 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 - 9.78 - 8.83 -

Competitive Comparison of Carindale Property Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Carindale Property 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.


Carindale Property Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Carindale Property Trust Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Carindale Property Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.35/0.46
=9.46

* 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.

Carindale Property Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Carindale Property Trust's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.374/124.1700*124.1700
=0.374

Current CPI (Jun23) = 124.1700.

Carindale Property Trust Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.516 98.352 0.651
201506 0.536 99.838 0.667
201606 0.380 100.859 0.468
201706 0.396 102.809 0.478
201806 0.403 104.945 0.477
201906 0.365 106.617 0.425
202006 0.235 106.246 0.275
202106 0.346 110.332 0.389
202206 0.393 117.112 0.417
202306 0.374 124.170 0.374

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


Carindale Property Trust  (ASX:CDP) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Carindale Property Trust Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Carindale Property Trust's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Carindale Property Trust (ASX:CDP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000
Carindale Property Trust is engaged in the long-term ownership of the interest in the Westfield cardinal shopping center. The company derives revenue from shopping center base rent and other property income.

Carindale Property Trust (ASX:CDP) Headlines