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Capstead Mortgage (FRA:WXA) Cyclically Adjusted Price-to-FCF : (As of Jun. 19, 2024)


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What is Capstead Mortgage Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Capstead Mortgage Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Capstead Mortgage'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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Capstead Mortgage Cyclically Adjusted Price-to-FCF Chart

Capstead Mortgage Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted Price-to-FCF
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Capstead Mortgage Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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Competitive Comparison of Capstead Mortgage's Cyclically Adjusted Price-to-FCF

For the REIT - Mortgage subindustry, Capstead Mortgage'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.


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

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

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



Capstead Mortgage 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.

Capstead Mortgage's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2021 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2021 (Change)*Current CPI (Jun. 2021)
=0.331/114.6314*114.6314
=0.331

Current CPI (Jun. 2021) = 114.6314.

Capstead Mortgage Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201109 0.592 95.727 0.709
201112 0.620 95.213 0.746
201203 0.470 96.783 0.557
201206 0.593 96.819 0.702
201209 0.533 97.633 0.626
201212 0.551 96.871 0.652
201303 0.511 98.209 0.596
201306 0.504 98.518 0.586
201309 0.529 98.790 0.614
201312 0.513 98.326 0.598
201403 0.465 99.695 0.535
201406 0.496 100.560 0.565
201409 0.461 100.428 0.526
201412 0.560 99.070 0.648
201503 0.568 99.621 0.654
201506 0.622 100.684 0.708
201509 0.513 100.392 0.586
201512 0.609 99.792 0.700
201603 0.458 100.470 0.523
201606 0.560 101.688 0.631
201609 0.487 101.861 0.548
201612 0.531 101.863 0.598
201703 0.502 102.862 0.559
201706 0.527 103.349 0.585
201709 0.450 104.136 0.495
201712 0.463 104.011 0.510
201803 0.406 105.290 0.442
201806 0.338 106.317 0.364
201809 0.509 106.507 0.548
201812 0.278 105.998 0.301
201903 0.495 107.251 0.529
201906 0.140 108.070 0.149
201909 0.536 108.329 0.567
201912 0.387 108.420 0.409
202003 0.377 108.902 0.397
202006 0.385 108.767 0.406
202009 0.321 109.815 0.335
202012 0.352 109.897 0.367
202103 0.361 111.754 0.370
202106 0.331 114.631 0.331

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.


Capstead Mortgage  (FRA:WXA) 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.


Capstead Mortgage Cyclically Adjusted Price-to-FCF Related Terms

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


Capstead Mortgage (FRA:WXA) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8401 North Central Expressway, Suite 800, Dallas, TX, USA, 75225-4404
Capstead Mortgage Corp is a self-managed real estate investment trust for federal income tax purposes. The company earns income from investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities, issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.

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