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ESR LOGOS REIT (SGX:J91U) Cyclically Adjusted Price-to-FCF : 5.70 (As of May. 23, 2024)


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What is ESR LOGOS REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), ESR LOGOS REIT's current share price is S$0.285. ESR LOGOS REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec22 was S$0.05. ESR LOGOS REIT's Cyclically Adjusted Price-to-FCF for today is 5.70.

The historical rank and industry rank for ESR LOGOS REIT's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SGX:J91U' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.2   Med: 9.83   Max: 14.28
Current: 6.06

During the past 13 years, ESR LOGOS REIT's highest Cyclically Adjusted Price-to-FCF was 14.28. The lowest was 5.20. And the median was 9.83.

SGX:J91U's Cyclically Adjusted Price-to-FCF is ranked better than
78.09% of 388 companies
in the REITs industry
Industry Median: 11.58 vs SGX:J91U: 6.06

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.

ESR LOGOS REIT's adjusted free cash flow per share data of for the fiscal year that ended in Dec22 was S$0.016. 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$0.05 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation


ESR LOGOS REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ESR LOGOS REIT'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.

ESR LOGOS REIT Cyclically Adjusted Price-to-FCF Chart

ESR LOGOS REIT Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.96 14.51 9.18 9.56 7.72

ESR LOGOS REIT Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - 9.56 - 7.72 -

Competitive Comparison of ESR LOGOS REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, ESR LOGOS REIT'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.


ESR LOGOS REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where ESR LOGOS REIT's Cyclically Adjusted Price-to-FCF falls into.



ESR LOGOS REIT 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.

ESR LOGOS REIT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.285/0.05
=5.70

* 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.

ESR LOGOS REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec22 is calculated as:

For example, ESR LOGOS REIT's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec22 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=0.016/125.2218*125.2218
=0.016

Current CPI (Dec22) = 125.2218.

ESR LOGOS REIT Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.049 98.326 0.062
201412 0.041 99.070 0.052
201512 0.044 99.792 0.055
201612 0.048 101.863 0.059
201712 0.045 104.011 0.054
201812 0.034 105.998 0.040
201912 0.048 108.420 0.055
202012 0.043 109.897 0.049
202112 0.033 117.630 0.035
202212 0.016 125.222 0.016

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.


ESR LOGOS REIT  (SGX:J91U) 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.


ESR LOGOS REIT Cyclically Adjusted Price-to-FCF Related Terms

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


ESR LOGOS REIT (SGX:J91U) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ESR LOGOS REIT (SGX:J91U) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
5 Temasek Boulevard, No. 12-09 Suntec Tower Five, Singapore, SGP, 038985
ESR-Logos REIT is a Singapore-focused REIT that invests primarily in industrial properties and business parks. Its portfolio consists of 82 properties (including joint ventures), with assets under management of SGD 5 billion, spreading across Singapore, Australia and Japan. Property types include business parks, general industrial, logistics and warehouse, and high-specification industrial properties. The trust also invested in three property funds, namely ESR Australia Logistics Partnership, New LAIVS Trust, and Oxford Property Fund. The trust is externally managed by ESR Funds Management (S) Limited, which in turn is majority-owned by parent, ESR Group. Overall, ESR Group has around 10% stake in the trust through direct and indirect interests.

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