GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CDL Investments New Zealand Ltd (OTCPK:CLNZF) » Definitions » Cyclically Adjusted Price-to-FCF

CDL Investments New Zealand (CDL Investments New Zealand) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


View and export this data going back to 2018. Start your Free Trial

What is CDL Investments New Zealand Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


CDL Investments New Zealand Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CDL Investments New Zealand'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.

CDL Investments New Zealand Cyclically Adjusted Price-to-FCF Chart

CDL Investments New Zealand 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 36.45 23.81 23.67 16.05 20.15

CDL Investments New Zealand 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 23.67 - 16.05 - 20.15

Competitive Comparison of CDL Investments New Zealand's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, CDL Investments New Zealand'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.


CDL Investments New Zealand's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, CDL Investments New Zealand's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where CDL Investments New Zealand's Cyclically Adjusted Price-to-FCF falls into.



CDL Investments New Zealand 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.

CDL Investments New Zealand's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, CDL Investments New Zealand's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-0.023/128.7083*128.7083
=-0.023

Current CPI (Dec23) = 128.7083.

CDL Investments New Zealand Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.072 99.812 -0.093
201512 -0.027 99.896 -0.035
201612 0.097 101.230 0.123
201712 0.065 102.844 0.081
201812 -0.024 104.786 -0.029
201912 0.042 106.729 0.051
202012 0.139 108.262 0.165
202112 0.010 114.703 0.011
202212 0.025 122.983 0.026
202312 -0.023 128.708 -0.023

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.


CDL Investments New Zealand  (OTCPK:CLNZF) 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.


CDL Investments New Zealand Cyclically Adjusted Price-to-FCF Related Terms

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


CDL Investments New Zealand (CDL Investments New Zealand) Business Description

Traded in Other Exchanges
Address
Level 7, 23 Customs Street East, P O Box 3248, Shortland Street, Auckland, NZL, 1140
CDL Investments New Zealand Ltd is engaged in land-based investment and development. The principal activity of the company is the development and sale of residential land properties. The operating segments of the Group consist of property operations, comprising the development and sale of residential land sections and rental income from development properties and investment properties. The company's subdivisions include Magellan Heights, Northwood, Washbourn Terraces, and Stonebrook.

CDL Investments New Zealand (CDL Investments New Zealand) Headlines

No Headlines