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VEREIT (FRA:50AA) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is VEREIT Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


VEREIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for VEREIT'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.

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VEREIT Cyclically Adjusted Price-to-FCF Chart

VEREIT Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted Price-to-FCF
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VEREIT Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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Competitive Comparison of VEREIT's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, VEREIT'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.


VEREIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



VEREIT 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.

VEREIT's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2021 is calculated as:

For example, VEREIT's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2021 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=0.707/115.7343*115.7343
=0.707

Current CPI (Sep. 2021) = 115.7343.

VEREIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201112 0.000 95.213 0.000
201203 -0.418 96.783 -0.500
201206 0.179 96.819 0.214
201209 -0.010 97.633 -0.012
201212 3.185 96.871 3.805
201303 -0.256 98.209 -0.302
201306 0.019 98.518 0.022
201309 0.306 98.790 0.358
201312 0.062 98.326 0.073
201403 -0.833 99.695 -0.967
201406 0.664 100.560 0.764
201409 0.859 100.428 0.990
201412 0.883 99.070 1.032
201503 1.159 99.621 1.346
201506 1.073 100.684 1.233
201509 0.854 100.392 0.985
201512 1.127 99.792 1.307
201603 0.858 100.470 0.988
201606 1.135 101.688 1.292
201609 0.850 101.861 0.966
201612 0.930 101.863 1.057
201703 0.849 102.862 0.955
201706 0.887 103.349 0.993
201709 0.883 104.136 0.981
201712 0.822 104.011 0.915
201803 0.589 105.290 0.647
201806 0.472 106.317 0.514
201809 0.746 106.507 0.811
201812 0.231 105.998 0.252
201903 0.830 107.251 0.896
201906 0.625 108.070 0.669
201909 0.691 108.329 0.738
201912 -2.437 108.420 -2.601
202003 0.681 108.902 0.724
202006 0.586 108.767 0.624
202009 0.733 109.815 0.773
202012 0.660 109.897 0.695
202103 0.643 111.754 0.666
202106 0.629 114.631 0.635
202109 0.707 115.734 0.707

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.


VEREIT  (FRA:50AA) 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.


VEREIT Cyclically Adjusted Price-to-FCF Related Terms

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VEREIT (FRA:50AA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » VEREIT Inc (FRA:50AA) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
2325 East Camelback Road, 9th Floor, Phoenix, AZ, USA, 85016
VEREIT Inc is a real estate investment trust primarily involved in the ownership of property located in the U.S. and Canada. VEREIT organizes its operations through the Real Estate Investment segment and the investment management segment. The company derives the vast majority of its income from its Real Estate Investment division in the form of rental income from long-term leases. This business unit owns and manages a real estate portfolio that is fairly evenly diversified between retail, restaurant, office, and industrial properties. A sizable amount of the company's total rental income is derived from customers in the casual dining restaurant and manufacturing industries.

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