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First Capital REIT (First Capital REIT) Cyclically Adjusted Price-to-FCF : 74.91 (As of May. 27, 2024)


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What is First Capital REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), First Capital REIT's current share price is $11.2366. First Capital REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.15. First Capital REIT's Cyclically Adjusted Price-to-FCF for today is 74.91.

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

FCXXF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 60.14   Med: 137.18   Max: 1886
Current: 71.39

During the past years, First Capital REIT's highest Cyclically Adjusted Price-to-FCF was 1886.00. The lowest was 60.14. And the median was 137.18.

FCXXF's Cyclically Adjusted Price-to-FCF is ranked worse than
94.33% of 388 companies
in the REITs industry
Industry Median: 11.305 vs FCXXF: 71.39

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.

First Capital REIT's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.002. 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 $0.15 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Capital REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Capital REIT'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.

First Capital REIT Cyclically Adjusted Price-to-FCF Chart

First Capital REIT 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 - - 2,097.03 112.70 66.36

First Capital REIT 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 92.84 74.73 63.13 66.36 73.31

Competitive Comparison of First Capital REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, First Capital REIT'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.


First Capital REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where First Capital REIT's Cyclically Adjusted Price-to-FCF falls into.



First Capital REIT 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.

First Capital REIT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.2366/0.15
=74.91

* 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.

First Capital REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, First Capital REIT'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)
=0.002/126.2576*126.2576
=0.002

Current CPI (Mar. 2024) = 126.2576.

First Capital REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 99.473 0.000
201409 -0.073 99.394 -0.093
201412 0.009 98.367 0.012
201503 -0.104 99.789 -0.132
201506 0.000 100.500 0.000
201509 -0.029 100.421 -0.036
201512 0.059 99.947 0.075
201603 -0.008 101.054 -0.010
201606 -0.038 102.002 -0.047
201609 0.039 101.765 0.048
201612 0.118 101.449 0.147
201703 0.010 102.634 0.012
201706 -0.083 103.029 -0.102
201709 0.090 103.345 0.110
201712 0.110 103.345 0.134
201803 -0.041 105.004 -0.049
201806 -0.069 105.557 -0.083
201809 0.021 105.636 0.025
201812 0.129 105.399 0.155
201903 0.006 106.979 0.007
201906 -0.048 107.690 -0.056
201909 0.014 107.611 0.016
201912 0.170 107.769 0.199
202003 -0.057 107.927 -0.067
202006 -0.005 108.401 -0.006
202009 -0.016 108.164 -0.019
202012 0.136 108.559 0.158
202103 0.007 110.298 0.008
202106 0.131 111.720 0.148
202109 0.012 112.905 0.013
202112 0.197 113.774 0.219
202203 0.111 117.646 0.119
202206 0.135 120.806 0.141
202209 0.044 120.648 0.046
202212 0.152 120.964 0.159
202303 0.023 122.702 0.024
202306 0.071 124.203 0.072
202309 0.026 125.230 0.026
202312 0.176 125.072 0.178
202403 0.002 126.258 0.002

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.


First Capital REIT  (OTCPK:FCXXF) 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.


First Capital REIT Cyclically Adjusted Price-to-FCF Related Terms

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


First Capital REIT (First Capital REIT) Business Description

Industry
Traded in Other Exchanges
Address
85 Hanna Avenue, Suite 400, King Liberty Village, Toronto, ON, CAN, M6K 3S3
First Capital REIT is a developer, owner and operator of mixed-use urban real estate in Canada's populated centres. The company's focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.