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CapitaLand Integrated Commercial Trust (SGX:C38U) Cyclically Adjusted Price-to-FCF : 16.33 (As of Apr. 30, 2024)


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What is CapitaLand Integrated Commercial Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), CapitaLand Integrated Commercial Trust's current share price is S$1.96. CapitaLand Integrated Commercial Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was S$0.12. CapitaLand Integrated Commercial Trust's Cyclically Adjusted Price-to-FCF for today is 16.33.

The historical rank and industry rank for CapitaLand Integrated Commercial Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SGX:C38U' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.55   Med: 46.75   Max: 58.5
Current: 16.48

During the past 13 years, CapitaLand Integrated Commercial Trust's highest Cyclically Adjusted Price-to-FCF was 58.50. The lowest was 15.55. And the median was 46.75.

SGX:C38U's Cyclically Adjusted Price-to-FCF is ranked worse than
65.31% of 392 companies
in the REITs industry
Industry Median: 11.43 vs SGX:C38U: 16.48

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.

CapitaLand Integrated Commercial Trust's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was S$0.144. 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 S$0.12 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


CapitaLand Integrated Commercial Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CapitaLand Integrated Commercial 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.

CapitaLand Integrated Commercial Trust Cyclically Adjusted Price-to-FCF Chart

CapitaLand Integrated Commercial 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 27.13 22.87 20.48 18.18 17.33

CapitaLand Integrated Commercial Trust Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 20.48 - 18.18 - 17.33

Competitive Comparison of CapitaLand Integrated Commercial Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, CapitaLand Integrated Commercial 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.


CapitaLand Integrated Commercial Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where CapitaLand Integrated Commercial Trust's Cyclically Adjusted Price-to-FCF falls into.



CapitaLand Integrated Commercial 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.

CapitaLand Integrated Commercial Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.96/0.12
=16.33

* 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.

CapitaLand Integrated Commercial Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, CapitaLand Integrated Commercial Trust's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.144/129.4194*129.4194
=0.144

Current CPI (Dec23) = 129.4194.

CapitaLand Integrated Commercial Trust Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.098 99.070 0.128
201512 0.094 99.792 0.122
201612 0.101 101.863 0.128
201712 0.093 104.011 0.116
201812 0.071 105.998 0.087
201912 0.092 108.420 0.110
202012 0.077 109.897 0.091
202112 0.113 117.630 0.124
202212 0.135 125.222 0.140
202312 0.144 129.419 0.144

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.


CapitaLand Integrated Commercial Trust  (SGX:C38U) 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.


CapitaLand Integrated Commercial Trust Cyclically Adjusted Price-to-FCF Related Terms

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


CapitaLand Integrated Commercial Trust (SGX:C38U) Business Description

Traded in Other Exchanges
Address
168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912
CapitaLand Integrated Commercial Trust was established following the merger between CapitaLand Mall Trust and CapitaLand Commercial Trust in October 2020. The trust has a diversified portfolio of 26 properties, which includes offices (mainly in the central business district), retail malls (includes urban and suburban malls), and integrated development. Most of its properties are located in Singapore, with assets in Germany and Australia making up less than 10% of its portfolio. The trust is externally managed by CapitaLand Integrated Commercial Trust Management; parent CapitaLand retains a 23% stake in CICT.

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