GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ladder Capital Corp (FRA:LD1A) » Definitions » Cyclically Adjusted Price-to-FCF

Ladder Capital (FRA:LD1A) Cyclically Adjusted Price-to-FCF : 11.69 (As of Jun. 23, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Ladder Capital Cyclically Adjusted Price-to-FCF?

As of today (2024-06-23), Ladder Capital's current share price is €10.40. Ladder Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.89. Ladder Capital's Cyclically Adjusted Price-to-FCF for today is 11.69.

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

FRA:LD1A' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.67   Med: 4.81   Max: 21.87
Current: 11.41

During the past years, Ladder Capital's highest Cyclically Adjusted Price-to-FCF was 21.87. The lowest was 3.67. And the median was 4.81.

FRA:LD1A's Cyclically Adjusted Price-to-FCF is ranked better than
50.26% of 390 companies
in the REITs industry
Industry Median: 11.425 vs FRA:LD1A: 11.41

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.

Ladder Capital's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.149. 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 €0.89 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ladder Capital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ladder Capital'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.

Ladder Capital Cyclically Adjusted Price-to-FCF Chart

Ladder Capital 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 - - 4.91 4.14 8.39

Ladder Capital 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 4.39 5.72 18.95 8.39 11.34

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

For the REIT - Mortgage subindustry, Ladder Capital'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.


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

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

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



Ladder Capital 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.40/0.89
=11.69

* 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.

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

For example, Ladder Capital'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)
=-0.149/131.7762*131.7762
=-0.149

Current CPI (Mar. 2024) = 131.7762.

Ladder Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.035 100.560 1.356
201409 -0.520 100.428 -0.682
201412 -1.320 99.070 -1.756
201503 1.591 99.621 2.105
201506 -2.954 100.684 -3.866
201509 3.444 100.392 4.521
201512 -4.194 99.792 -5.538
201603 2.745 100.470 3.600
201606 -2.578 101.688 -3.341
201609 -2.006 101.861 -2.595
201612 6.336 101.863 8.197
201703 -2.080 102.862 -2.665
201706 1.778 103.349 2.267
201709 -2.877 104.136 -3.641
201712 2.540 104.011 3.218
201803 -0.554 105.290 -0.693
201806 2.103 106.317 2.607
201809 -1.742 106.507 -2.155
201812 2.129 105.998 2.647
201903 -0.186 107.251 -0.229
201906 1.292 108.070 1.575
201909 -0.582 108.329 -0.708
201912 1.002 108.420 1.218
202003 -0.350 108.902 -0.424
202006 0.703 108.767 0.852
202009 0.318 109.815 0.382
202012 0.165 109.897 0.198
202103 -0.295 111.754 -0.348
202106 0.226 114.631 0.260
202109 0.243 115.734 0.277
202112 0.381 117.630 0.427
202203 -0.217 121.301 -0.236
202206 0.332 125.017 0.350
202209 0.309 125.227 0.325
202212 0.409 125.222 0.430
202303 0.835 127.348 0.864
202306 -0.498 128.729 -0.510
202309 0.586 129.860 0.595
202312 0.428 129.419 0.436
202403 -0.149 131.776 -0.149

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.


Ladder Capital  (FRA:LD1A) 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.


Ladder Capital Cyclically Adjusted Price-to-FCF Related Terms

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


Ladder Capital (FRA:LD1A) Business Description

Industry
Traded in Other Exchanges
Address
320 Park Avenue, 15th Floor, New York, NY, USA, 10154
Ladder Capital Corp is an internally-managed real estate investment trust that is in commercial real estate finance. The company originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. The company's investment activities include: (i) Primary business of originating senior first mortgage fixed and floating rate loans collateralized by commercial real estate with flexible loan structures; (ii) owning and operating commercial real estate, including net leased commercial properties; and (iii) investing in investment-grade securities secured by first mortgage loans on commercial real estate.

Ladder Capital (FRA:LD1A) Headlines

No Headlines