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Simon Property Group (BSP:SIMN34) Cyclically Adjusted Price-to-FCF : 15.28 (As of May. 17, 2024)


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What is Simon Property Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Simon Property Group's current share price is R$191.20. Simon Property Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$12.51. Simon Property Group's Cyclically Adjusted Price-to-FCF for today is 15.28.

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

BSP:SIMN34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.07   Med: 24.4   Max: 44.64
Current: 14.8

During the past years, Simon Property Group's highest Cyclically Adjusted Price-to-FCF was 44.64. The lowest was 6.07. And the median was 24.40.

BSP:SIMN34's Cyclically Adjusted Price-to-FCF is ranked worse than
61.76% of 387 companies
in the REITs industry
Industry Median: 11.72 vs BSP:SIMN34: 14.80

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.

Simon Property Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$2.331. 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$12.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Simon Property Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Simon Property 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.

Simon Property Group Cyclically Adjusted Price-to-FCF Chart

Simon Property Group 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 19.46 11.02 18.59 12.53 14.45

Simon Property Group 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 11.67 11.82 10.94 14.45 15.58

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

For the REIT - Retail subindustry, Simon Property 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.


Simon Property Group's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Simon Property 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=191.20/12.51
=15.28

* 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.

Simon Property Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Simon Property Group'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)
=2.331/131.7762*131.7762
=2.331

Current CPI (Mar. 2024) = 131.7762.

Simon Property Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.812 100.560 1.064
201409 1.053 100.428 1.382
201412 0.996 99.070 1.325
201503 1.125 99.621 1.488
201506 1.375 100.684 1.800
201509 1.424 100.392 1.869
201512 1.749 99.792 2.310
201603 1.588 100.470 2.083
201606 2.128 101.688 2.758
201609 1.670 101.861 2.160
201612 1.654 101.863 2.140
201703 1.592 102.862 2.040
201706 2.257 103.349 2.878
201709 1.868 104.136 2.364
201712 1.668 104.011 2.113
201803 1.770 105.290 2.215
201806 2.534 106.317 3.141
201809 2.202 106.507 2.724
201812 2.523 105.998 3.137
201903 1.928 107.251 2.369
201906 2.697 108.070 3.289
201909 2.485 108.329 3.023
201912 2.362 108.420 2.871
202003 2.105 108.902 2.547
202006 -0.217 108.767 -0.263
202009 2.466 109.815 2.959
202012 3.278 109.897 3.931
202103 3.263 111.754 3.848
202106 3.398 114.631 3.906
202109 2.747 115.734 3.128
202112 3.340 117.630 3.742
202203 2.413 121.301 2.621
202206 3.636 125.017 3.833
202209 3.147 125.227 3.312
202212 2.998 125.222 3.155
202303 2.639 127.348 2.731
202306 3.368 128.729 3.448
202309 2.673 129.860 2.712
202312 3.226 129.419 3.285
202403 2.331 131.776 2.331

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.


Simon Property Group  (BSP:SIMN34) 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.


Simon Property Group Cyclically Adjusted Price-to-FCF Related Terms

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


Simon Property Group (BSP:SIMN34) Business Description

Industry
Address
225 West Washington Street, Indianapolis, IN, USA, 46204
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.

Simon Property Group (BSP:SIMN34) Headlines

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