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VEREIT (VEREIT) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 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)
=0.832/115.7343*115.7343
=0.832

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 -0.553 96.783 -0.661
201206 0.224 96.819 0.268
201209 -0.013 97.633 -0.015
201212 4.179 96.871 4.993
201303 -0.332 98.209 -0.391
201306 0.025 98.518 0.029
201309 0.410 98.790 0.480
201312 0.085 98.326 0.100
201403 -1.153 99.695 -1.339
201406 0.902 100.560 1.038
201409 1.107 100.428 1.276
201412 1.089 99.070 1.272
201503 1.254 99.621 1.457
201506 1.204 100.684 1.384
201509 0.959 100.392 1.106
201512 1.228 99.792 1.424
201603 0.955 100.470 1.100
201606 1.275 101.688 1.451
201609 0.954 101.861 1.084
201612 0.981 101.863 1.115
201703 0.908 102.862 1.022
201706 0.996 103.349 1.115
201709 1.053 104.136 1.170
201712 0.973 104.011 1.083
201803 0.726 105.290 0.798
201806 0.551 106.317 0.600
201809 0.870 106.507 0.945
201812 0.263 105.998 0.287
201903 0.938 107.251 1.012
201906 0.706 108.070 0.756
201909 0.761 108.329 0.813
201912 -2.708 108.420 -2.891
202003 0.752 108.902 0.799
202006 0.660 108.767 0.702
202009 0.863 109.815 0.910
202012 0.803 109.897 0.846
202103 0.765 111.754 0.792
202106 0.758 114.631 0.765
202109 0.832 115.734 0.832

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  (NYSE:VER) 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 (VEREIT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » VEREIT Inc (NYSE:VER) » 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.
Executives
Mary Hogan Preusse director C/O KIMCO REALTY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Julie Richardson director YEXT, INC., 1 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10010
Eugene A Pinover director 333 CENTRAL PARK WEST, APT 66 NEW YORK NY 10025
Hugh R Frater director, other: Non-Executive Chairman C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Glenn J Rufrano director, officer: Chief Executive Officer C/O NEW PLAN EXCEL REALTY TRUST, INC., 1120 AVENUE OF THE AMERICAS, SUITE 1200, NEW YORK NY 10036
Gavin Brandon officer: SVP & Chief Accounting Officer 2325 E CAMELBACK RD, 9TH FLOOR, PHOENIX AZ 85016
Mark S Ordan director 7315 WISCONSIN AVENUE, SUITE #250 WEST, BETHESDA MD 20814
David Henry director 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Richard J Lieb director C/O GREENHILL & CO., INC.,, 300 PARK AVENUE, NEW YORK NY 10022
Paul H Mcdowell officer: See Remarks 110 MAIDEN LANE, NEW YORK NY 10005
Michael J. Bartolotta officer: See Remarks 7 VIK DRIVE, WARWICK NY 10990
Lauren Goldberg officer: See Remarks 23 W. 73RD. ST. #508 NEW YORK NY 10023
Thomas W Roberts officer: See Remarks 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX NY 85016
Miller William Craig Jr. officer: See Remarks 315 PONDFIELD ROAD BRONXVILLE NY 10708
Bruce D Frank director 405 PARK AVENUE, NEW YORK NY 10022

VEREIT (VEREIT) Headlines

From GuruFocus

Vereit Inc (VER) CEO Glenn J Rufrano Bought $253,200 of Shares

By GuruFocus Research GuruFocus Editor 09-23-2020

VEREIT� Announces Pricing of $1.2 Billion of Senior Notes

By PRNewswire PRNewswire 11-10-2020