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Centuria Industrial REIT (ASX:CIP) Cyclically Adjusted Price-to-FCF : 14.36 (As of Jun. 14, 2024)


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What is Centuria Industrial REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-06-14), Centuria Industrial REIT's current share price is A$3.16. Centuria Industrial REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was A$0.22. Centuria Industrial REIT's Cyclically Adjusted Price-to-FCF for today is 14.36.

The historical rank and industry rank for Centuria Industrial REIT's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ASX:CIP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.33   Med: 14.5   Max: 17.1
Current: 14.36

During the past 11 years, Centuria Industrial REIT's highest Cyclically Adjusted Price-to-FCF was 17.10. The lowest was 12.33. And the median was 14.50.

ASX:CIP's Cyclically Adjusted Price-to-FCF is ranked worse than
60.41% of 389 companies
in the REITs industry
Industry Median: 11.36 vs ASX:CIP: 14.36

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.

Centuria Industrial REIT's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was A$0.159. 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$0.22 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Centuria Industrial REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Centuria Industrial REIT'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.

Centuria Industrial REIT Cyclically Adjusted Price-to-FCF Chart

Centuria Industrial REIT 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 - - - 13.24 14.22

Centuria Industrial REIT 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 - 13.24 - 14.22 -

Competitive Comparison of Centuria Industrial REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, Centuria Industrial REIT'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.


Centuria Industrial REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Centuria Industrial REIT 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.

Centuria Industrial REIT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.16/0.22
=14.36

* 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.

Centuria Industrial REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Centuria Industrial REIT'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)
=0.159/124.1700*124.1700
=0.159

Current CPI (Jun23) = 124.1700.

Centuria Industrial REIT Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.187 98.352 0.236
201506 0.211 99.838 0.262
201606 0.201 100.859 0.247
201706 0.197 102.809 0.238
201806 0.180 104.945 0.213
201906 0.192 106.617 0.224
202006 0.193 106.246 0.226
202106 0.161 110.332 0.181
202206 0.183 117.112 0.194
202306 0.159 124.170 0.159

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.


Centuria Industrial REIT  (ASX:CIP) 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.


Centuria Industrial REIT Cyclically Adjusted Price-to-FCF Related Terms

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


Centuria Industrial REIT (ASX:CIP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Level 41, Chifley Tower, 2 Chifley Square, Sydney, NSW, AUS, 2000
Centuria Industrial REIT owns a AUD 4 billion portfolio of industrial properties, including distribution centers, manufacturing facilities, and data centers. Melbourne and Sydney are its biggest markets at more than a third of portfolio value each, followed by Brisbane, Perth and Adelaide. The trust is externally managed by Centuria Capital Group (ASX: CNI).

Centuria Industrial REIT (ASX:CIP) Headlines

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