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Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) Cyclically Adjusted Price-to-FCF : 43.40 (As of Jun. 11, 2024)


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What is Torunlar Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF?

As of today (2024-06-11), Torunlar Gayrimenkul Yatirim Ortakligi AS's current share price is ₺44.70. Torunlar Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₺1.03. Torunlar Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF for today is 43.40.

The historical rank and industry rank for Torunlar Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

IST:TRGYO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.53   Med: 16.45   Max: 46.25
Current: 44.83

During the past years, Torunlar Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted Price-to-FCF was 46.25. The lowest was 9.53. And the median was 16.45.

IST:TRGYO's Cyclically Adjusted Price-to-FCF is ranked worse than
90.23% of 389 companies
in the REITs industry
Industry Median: 11.36 vs IST:TRGYO: 44.83

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.

Torunlar Gayrimenkul Yatirim Ortakligi AS's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ₺0.318. 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 ₺1.03 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Torunlar Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Torunlar Gayrimenkul Yatirim Ortakligi AS'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.

Torunlar Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Chart

Torunlar Gayrimenkul Yatirim Ortakligi AS 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 16.69 14.46 10.08 24.81 30.92

Torunlar Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 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 15.10 24.81 - 33.72 30.92

Competitive Comparison of Torunlar Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Torunlar Gayrimenkul Yatirim Ortakligi AS'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.


Torunlar Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Torunlar Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF falls into.



Torunlar Gayrimenkul Yatirim Ortakligi AS 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.

Torunlar Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=44.70/1.03
=43.40

* 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.

Torunlar Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Torunlar Gayrimenkul Yatirim Ortakligi AS's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.318/129.4194*129.4194
=0.318

Current CPI (Dec. 2023) = 129.4194.

Torunlar Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.135 98.326 -0.178
201403 0.076 99.695 0.099
201406 0.043 100.560 0.055
201409 0.042 100.428 0.054
201412 0.092 99.070 0.120
201503 0.049 99.621 0.064
201506 0.365 100.684 0.469
201509 0.058 100.392 0.075
201512 0.084 99.792 0.109
201603 0.070 100.470 0.090
201606 -0.070 101.688 -0.089
201609 0.071 101.861 0.090
201612 0.096 101.863 0.122
201703 0.002 102.862 0.003
201706 0.028 103.349 0.035
201709 0.008 104.136 0.010
201712 0.022 104.011 0.027
201803 0.066 105.290 0.081
201806 0.074 106.317 0.090
201809 0.174 106.507 0.211
201812 -0.103 105.998 -0.126
201903 0.110 107.251 0.133
201906 0.061 108.070 0.073
201909 0.053 108.329 0.063
201912 0.319 108.420 0.381
202003 0.301 108.902 0.358
202006 0.059 108.767 0.070
202009 0.326 109.815 0.384
202012 0.232 109.897 0.273
202103 0.253 111.754 0.293
202106 0.020 114.631 0.023
202109 0.469 115.734 0.524
202112 0.380 117.630 0.418
202203 0.384 121.301 0.410
202206 0.487 125.017 0.504
202209 0.695 125.227 0.718
202212 2.338 125.222 2.416
202306 0.000 128.729 0.000
202309 1.227 129.860 1.223
202312 0.318 129.419 0.318

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.


Torunlar Gayrimenkul Yatirim Ortakligi AS  (IST:TRGYO) 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.


Torunlar Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Related Terms

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


Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) Business Description

Traded in Other Exchanges
N/A
Address
Rüzgarl?bahçe Neighborhood Özalp Exit No: 4, Beykoz, Istanbul, TUR, 34805
Torunlar Gayrimenkul Yatirim Ortakligi AS is engaged in developing and constructing large, comprehensive, and best-in-class shopping malls in most of the cities in Turkey, and asset management. Torunlar's activities include all stages of project development and management including sourcing, land acquisition, project finance, obtaining permissions, project design, construction audits, and inspections, in addition to sales and marketing. The company generates most of its revenues from the rental income and from the sale of residential and commercial properties.

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