GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Canadian Apartment Properties Real Estate Investment Trust (MEX:CARUN) » Definitions » Cyclically Adjusted Price-to-FCF

Canadian Apartment Properties Real Estate Investment Trust (MEX:CARUN) Cyclically Adjusted Price-to-FCF : 23.55 (As of Jun. 23, 2024)


View and export this data going back to 2019. Start your Free Trial

What is Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-06-23), Canadian Apartment Properties Real Estate Investment Trust's current share price is MXN584.12. Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was MXN24.80. Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is 23.55.

The historical rank and industry rank for Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

MEX:CARUN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.19   Med: 42.87   Max: 801
Current: 23.46

During the past years, Canadian Apartment Properties Real Estate Investment Trust's highest Cyclically Adjusted Price-to-FCF was 801.00. The lowest was 23.19. And the median was 42.87.

MEX:CARUN's Cyclically Adjusted Price-to-FCF is ranked worse than
78.72% of 390 companies
in the REITs industry
Industry Median: 11.425 vs MEX:CARUN: 23.46

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.

Canadian Apartment Properties Real Estate Investment Trust's adjusted free cash flow per share data for the three months ended in Mar. 2024 was MXN10.405. 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 MXN24.80 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canadian Apartment Properties Real Estate Investment Trust'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.

Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Chart

Canadian Apartment Properties Real Estate Investment Trust 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 46.04 35.93 40.20 26.64 27.67

Canadian Apartment Properties Real Estate Investment Trust 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 28.24 29.95 25.80 27.67 25.32

Competitive Comparison of Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, Canadian Apartment Properties Real Estate Investment Trust'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.


Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF falls into.



Canadian Apartment Properties Real Estate Investment Trust 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.

Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=584.12/24.8
=23.55

* 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.

Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Canadian Apartment Properties Real Estate Investment Trust'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)
=10.405/126.2576*126.2576
=10.405

Current CPI (Mar. 2024) = 126.2576.

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.462 99.473 4.394
201409 4.159 99.394 5.283
201412 2.674 98.367 3.432
201503 3.374 99.789 4.269
201506 2.865 100.500 3.599
201509 4.743 100.421 5.963
201512 1.552 99.947 1.961
201603 3.160 101.054 3.948
201606 4.265 102.002 5.279
201609 4.668 101.765 5.792
201612 5.335 101.449 6.640
201703 2.407 102.634 2.961
201706 4.656 103.029 5.706
201709 6.423 103.345 7.847
201712 7.126 103.345 8.706
201803 5.028 105.004 6.046
201806 5.750 105.557 6.878
201809 6.402 105.636 7.652
201812 5.817 105.399 6.968
201903 3.574 106.979 4.218
201906 4.204 107.690 4.929
201909 5.133 107.611 6.022
201912 6.568 107.769 7.695
202003 5.524 107.927 6.462
202006 14.935 108.401 17.395
202009 12.253 108.164 14.303
202012 9.132 108.559 10.621
202103 4.554 110.298 5.213
202106 5.087 111.720 5.749
202109 6.755 112.905 7.554
202112 6.788 113.774 7.533
202203 5.544 117.646 5.950
202206 4.803 120.806 5.020
202209 6.708 120.648 7.020
202212 5.658 120.964 5.906
202303 10.659 122.702 10.968
202306 4.041 124.203 4.108
202309 8.739 125.230 8.811
202312 6.591 125.072 6.653
202403 10.405 126.258 10.405

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.


Canadian Apartment Properties Real Estate Investment Trust  (MEX:CARUN) 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.


Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Canadian Apartment Properties Real Estate Investment Trust (MEX:CARUN) Business Description

Traded in Other Exchanges
Address
11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1
Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT's total housing units.

Canadian Apartment Properties Real Estate Investment Trust (MEX:CARUN) Headlines

No Headlines