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Lendlease Group (ASX:LLC) Cyclically Adjusted Price-to-FCF : 629.00 (As of May. 01, 2024)


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

As of today (2024-05-01), Lendlease Group's current share price is A$6.29. Lendlease Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was A$0.01. Lendlease Group's Cyclically Adjusted Price-to-FCF for today is 629.00.

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

ASX:LLC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.56   Med: 54.66   Max: 858
Current: 457.48

During the past 13 years, Lendlease Group's highest Cyclically Adjusted Price-to-FCF was 858.00. The lowest was 18.56. And the median was 54.66.

ASX:LLC's Cyclically Adjusted Price-to-FCF is ranked worse than
98.09% of 680 companies
in the Real Estate industry
Industry Median: 12.46 vs ASX:LLC: 457.48

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.

Lendlease Group's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was A$-0.832. 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$0.01 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lendlease Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Lendlease 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.

Lendlease Group Cyclically Adjusted Price-to-FCF Chart

Lendlease 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 83.76 111.95 61.57 98.46 553.97

Lendlease 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 - 98.46 - 553.97 -

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

For the Real Estate - Diversified subindustry, Lendlease 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.


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

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

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



Lendlease 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.29/0.01
=629.00

* 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.

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

For example, Lendlease 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)
=-0.832/124.1700*124.1700
=-0.832

Current CPI (Jun23) = 124.1700.

Lendlease Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.277 98.352 1.612
201506 -0.529 99.838 -0.658
201606 1.220 100.859 1.502
201706 -0.025 102.809 -0.030
201806 -0.120 104.945 -0.142
201906 -0.304 106.617 -0.354
202006 -0.087 106.246 -0.102
202106 0.508 110.332 0.572
202206 -1.347 117.112 -1.428
202306 -0.832 124.170 -0.832

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.


Lendlease Group  (ASX:LLC) 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.


Lendlease Group Cyclically Adjusted Price-to-FCF Related Terms

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


Lendlease Group (ASX:LLC) Business Description

Industry
Traded in Other Exchanges
Address
Level 14, Tower Three, 300 Barangaroo Avenue, International Towers Sydney, Exchange Place, Barangaroo, Sydney, NSW, AUS, 2000
Lendlease's business comprises three segments: development, investments, and construction. Development accounted for more than half of EBITDA in 2020, and the future pipeline is so large it cannot be funded from its own balance sheet. The group is selling stakes in mature projects to its funds management clients. This sacrifices development profit, in return for management fees, reduced risk, and capital to accelerate new projects in the pipeline. Construction generates large revenues but slim margins. This business is retained to preserve expertise and scale for the development business. Lendlease sold its engineering and services business during the pandemic, but retains some risks, notably the Melbourne Metro project. It is also reducing its exposure to retirement living.

Lendlease Group (ASX:LLC) Headlines

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