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Alexandria Real Estate Equities (BSP:A1RE34) Cyclically Adjusted Price-to-FCF : 16.87 (As of May. 14, 2024)


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What is Alexandria Real Estate Equities Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Alexandria Real Estate Equities's current share price is R$155.52. Alexandria Real Estate Equities's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$9.22. Alexandria Real Estate Equities's Cyclically Adjusted Price-to-FCF for today is 16.87.

The historical rank and industry rank for Alexandria Real Estate Equities's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:A1RE34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.73   Med: 40.15   Max: 763.29
Current: 16.43

During the past years, Alexandria Real Estate Equities's highest Cyclically Adjusted Price-to-FCF was 763.29. The lowest was 12.73. And the median was 40.15.

BSP:A1RE34's Cyclically Adjusted Price-to-FCF is ranked worse than
66.49% of 388 companies
in the REITs industry
Industry Median: 11.59 vs BSP:A1RE34: 16.43

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.

Alexandria Real Estate Equities's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$2.470. 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 R$9.22 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alexandria Real Estate Equities Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Alexandria Real Estate Equities'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.

Alexandria Real Estate Equities Cyclically Adjusted Price-to-FCF Chart

Alexandria Real Estate Equities 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 71.13 43.06 36.34 21.74 17.41

Alexandria Real Estate Equities 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 18.21 16.07 13.91 17.41 17.55

Competitive Comparison of Alexandria Real Estate Equities's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Alexandria Real Estate Equities'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.


Alexandria Real Estate Equities's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Alexandria Real Estate Equities's Cyclically Adjusted Price-to-FCF falls into.



Alexandria Real Estate Equities 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.

Alexandria Real Estate Equities's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=155.52/9.22
=16.87

* 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.

Alexandria Real Estate Equities's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Alexandria Real Estate Equities'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)
=2.47/129.4194*129.4194
=2.470

Current CPI (Mar. 2024) = 129.4194.

Alexandria Real Estate Equities Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.560 100.560 0.721
201409 0.908 100.428 1.170
201412 0.733 99.070 0.958
201503 1.176 99.621 1.528
201506 0.485 100.684 0.623
201509 1.297 100.392 1.672
201512 1.299 99.792 1.685
201603 1.296 100.470 1.669
201606 0.810 101.688 1.031
201609 1.258 101.861 1.598
201612 1.054 101.863 1.339
201703 0.954 102.862 1.200
201706 1.054 103.349 1.320
201709 1.121 104.136 1.393
201712 0.804 104.011 1.000
201803 1.056 105.290 1.298
201806 1.193 106.317 1.452
201809 1.519 106.507 1.846
201812 1.428 105.998 1.744
201903 1.182 107.251 1.426
201906 1.484 108.070 1.777
201909 1.812 108.329 2.165
201912 1.591 108.420 1.899
202003 1.918 108.902 2.279
202006 2.109 108.767 2.509
202009 3.383 109.815 3.987
202012 1.667 109.897 1.963
202103 2.170 111.754 2.513
202106 2.064 114.631 2.330
202109 2.689 115.734 3.007
202112 2.285 117.630 2.514
202203 1.503 121.301 1.604
202206 2.651 125.017 2.744
202209 2.946 125.227 3.045
202212 3.180 125.222 3.287
202303 2.330 127.348 2.368
202306 3.398 128.729 3.416
202309 3.019 129.860 3.009
202312 3.069 129.419 3.069
202403 2.470 129.419 2.470

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.


Alexandria Real Estate Equities  (BSP:A1RE34) 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.


Alexandria Real Estate Equities Cyclically Adjusted Price-to-FCF Related Terms

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


Alexandria Real Estate Equities (BSP:A1RE34) Business Description

Traded in Other Exchanges
Address
26 North Euclid Avenue, Pasadena, CA, USA, 91101
Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, agtech, and technology campuses that provide tenants with highly dynamic and collaborative environments. Alexandria also provides strategic capital to transformative life science, agtech, and technology companies through venture capital platform.

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