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Goodman Group (ASX:GMG) Cyclically Adjusted Price-to-FCF : 58.69 (As of May. 01, 2024)


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What is Goodman Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), Goodman Group's current share price is A$31.69. Goodman Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was A$0.54. Goodman Group's Cyclically Adjusted Price-to-FCF for today is 58.69.

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

ASX:GMG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.61   Med: 38.09   Max: 62.61
Current: 56.69

During the past 13 years, Goodman Group's highest Cyclically Adjusted Price-to-FCF was 62.61. The lowest was 11.61. And the median was 38.09.

ASX:GMG's Cyclically Adjusted Price-to-FCF is ranked worse than
90% of 680 companies
in the Real Estate industry
Industry Median: 12.525 vs ASX:GMG: 56.69

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.

Goodman Group's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was A$0.663. 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$0.54 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Goodman Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Goodman Group'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.

Goodman Group Cyclically Adjusted Price-to-FCF Chart

Goodman Group 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 44.43 39.28 49.69 37.55 36.93

Goodman Group 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 - 37.55 - 36.93 -

Competitive Comparison of Goodman Group's Cyclically Adjusted Price-to-FCF

For the Real Estate - Diversified subindustry, Goodman Group'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.


Goodman Group's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Goodman Group 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.

Goodman Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=31.69/0.54
=58.69

* 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.

Goodman Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Goodman Group'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)
=0.663/124.1700*124.1700
=0.663

Current CPI (Jun23) = 124.1700.

Goodman Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.229 98.352 0.289
201506 0.362 99.838 0.450
201606 0.450 100.859 0.554
201706 0.318 102.809 0.384
201806 0.625 104.945 0.739
201906 0.443 106.617 0.516
202006 0.614 106.246 0.718
202106 0.585 110.332 0.658
202206 0.437 117.112 0.463
202306 0.663 124.170 0.663

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.


Goodman Group  (ASX:GMG) 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.


Goodman Group Cyclically Adjusted Price-to-FCF Related Terms

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


Goodman Group (ASX:GMG) Business Description

Industry
Traded in Other Exchanges
Address
1-11 Hayes Road, The Hayesbery, Rosebery, Sydney, NSW, AUS, 2018
Goodman Group develops and manages industrial property investments worldwide. Rather than taking all risks on its own balance sheet, most Goodman developments are on behalf of end-user tenants, and funds management clients. A typical deal involves purchasing land for a tenant who wants to occupy the site, and/or an investor who will own the asset via a Goodman investment vehicle. Goodman charges leasing fees for locking in tenants, and fees for managing the development. Completed projects reside in Goodman investment vehicles, and Goodman charges asset and investment management fees to investors, in return for collecting rent and managing the site. Goodman retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.

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