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Quality Houses Leasehold Property Fund (BKK:QHPF) Cyclically Adjusted Price-to-FCF : 4.33 (As of Jun. 04, 2024)


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What is Quality Houses Leasehold Property Fund Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Quality Houses Leasehold Property Fund's current share price is ฿4.42. Quality Houses Leasehold Property Fund's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ฿1.02. Quality Houses Leasehold Property Fund's Cyclically Adjusted Price-to-FCF for today is 4.33.

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

BKK:QHPF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.94   Med: 11.03   Max: 18.57
Current: 4.34

During the past years, Quality Houses Leasehold Property Fund's highest Cyclically Adjusted Price-to-FCF was 18.57. The lowest was 3.94. And the median was 11.03.

BKK:QHPF's Cyclically Adjusted Price-to-FCF is ranked better than
86.89% of 389 companies
in the REITs industry
Industry Median: 11.45 vs BKK:QHPF: 4.34

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.

Quality Houses Leasehold Property Fund's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ฿0.076. 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 ฿1.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Quality Houses Leasehold Property Fund Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Quality Houses Leasehold Property Fund'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.

Quality Houses Leasehold Property Fund Cyclically Adjusted Price-to-FCF Chart

Quality Houses Leasehold Property Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.69 11.02 11.54 9.58 5.62

Quality Houses Leasehold Property Fund Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.43 6.87 7.10 5.62 4.44

Competitive Comparison of Quality Houses Leasehold Property Fund's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Quality Houses Leasehold Property Fund'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.


Quality Houses Leasehold Property Fund's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Quality Houses Leasehold Property Fund's Cyclically Adjusted Price-to-FCF falls into.



Quality Houses Leasehold Property Fund 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.

Quality Houses Leasehold Property Fund's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.42/1.02
=4.33

* 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.

Quality Houses Leasehold Property Fund's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Quality Houses Leasehold Property Fund's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.076/131.7762*131.7762
=0.076

Current CPI (Mar. 2024) = 131.7762.

Quality Houses Leasehold Property Fund Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.153 100.560 0.200
201409 0.211 100.428 0.277
201412 0.202 99.070 0.269
201503 0.157 99.621 0.208
201506 0.202 100.684 0.264
201509 0.168 100.392 0.221
201512 0.220 99.792 0.291
201603 0.155 100.470 0.203
201606 0.247 101.688 0.320
201609 0.119 101.861 0.154
201612 0.322 101.863 0.417
201703 0.143 102.862 0.183
201706 0.263 103.349 0.335
201709 0.134 104.136 0.170
201712 0.325 104.011 0.412
201803 0.130 105.290 0.163
201806 0.120 106.317 0.149
201809 0.280 106.507 0.346
201812 0.356 105.998 0.443
201903 0.131 107.251 0.161
201906 0.260 108.070 0.317
201909 0.160 108.329 0.195
201912 0.420 108.420 0.510
202003 0.200 108.902 0.242
202006 0.078 108.767 0.095
202009 0.292 109.815 0.350
202012 0.511 109.897 0.613
202103 0.026 111.754 0.031
202106 0.135 114.631 0.155
202109 0.256 115.734 0.291
202112 0.338 117.630 0.379
202203 0.242 121.301 0.263
202206 -0.006 125.017 -0.006
202209 0.259 125.227 0.273
202212 0.278 125.222 0.293
202303 0.196 127.348 0.203
202306 0.079 128.729 0.081
202309 0.248 129.860 0.252
202312 0.374 129.419 0.381
202403 0.076 131.776 0.076

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.


Quality Houses Leasehold Property Fund  (BKK:QHPF) 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.


Quality Houses Leasehold Property Fund Cyclically Adjusted Price-to-FCF Related Terms

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


Quality Houses Leasehold Property Fund (BKK:QHPF) Business Description

Traded in Other Exchanges
N/A
Address
11 South Sathorn Road, 14th Floor Q House Sathorn Building, Tungmahamek, Sathorn, Bangkok, THA, 10120
Quality Houses Leasehold Property Fund is a Thailand-based closed-end property fund. It purchases, leases, and subleases immovable properties, and seeks benefits by way of letting, subletting transfer, or disposal of those immovable properties. Its properties include the Q House Ploenchit Building, Q House Lumpini Building, and Wave Place Building. The company operates in one reportable operating segment, which is Rental of immovable properties. Its operations are located in Thailand.

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