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Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) Cyclically Adjusted Price-to-FCF : 36.17 (As of May. 14, 2024)


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

As of today (2024-05-14), Killam Apartment Real Estate Investment Trust's current share price is C$17.36. Killam Apartment Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.48. Killam Apartment Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is 36.17.

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

TSX:KMP.UN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 25.82   Med: 39.6   Max: 148.33
Current: 36.21

During the past years, Killam Apartment Real Estate Investment Trust's highest Cyclically Adjusted Price-to-FCF was 148.33. The lowest was 25.82. And the median was 39.60.

TSX:KMP.UN's Cyclically Adjusted Price-to-FCF is ranked worse than
85.31% of 388 companies
in the REITs industry
Industry Median: 11.59 vs TSX:KMP.UN: 36.21

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.

Killam Apartment Real Estate Investment Trust's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$0.060. 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 C$0.48 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


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

The historical data trend for Killam Apartment 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.

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

Killam Apartment 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 44.12 37.57 47.67 34.75 36.91

Killam Apartment 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 36.23 36.91 35.96 36.91 38.76

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

For the REIT - Residential subindustry, Killam Apartment 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.


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

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

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



Killam Apartment 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.

Killam Apartment 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
=17.36/0.48
=36.17

* 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.

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

For example, Killam Apartment 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)
=0.06/125.4675*125.4675
=0.060

Current CPI (Mar. 2024) = 125.4675.

Killam Apartment Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.062 99.473 -0.078
201409 0.128 99.394 0.162
201412 0.100 98.367 0.128
201503 0.009 99.789 0.011
201506 0.001 100.500 0.001
201509 0.058 100.421 0.072
201512 0.222 99.947 0.279
201603 0.147 101.054 0.183
201606 0.004 102.002 0.005
201609 0.174 101.765 0.215
201612 0.098 101.449 0.121
201703 0.141 102.634 0.172
201706 0.129 103.029 0.157
201709 0.221 103.345 0.268
201712 0.197 103.345 0.239
201803 0.136 105.004 0.163
201806 0.178 105.557 0.212
201809 0.172 105.636 0.204
201812 0.013 105.399 0.015
201903 0.091 106.979 0.107
201906 0.003 107.690 0.003
201909 0.168 107.611 0.196
201912 -0.008 107.769 -0.009
202003 0.147 107.927 0.171
202006 0.151 108.401 0.175
202009 0.167 108.164 0.194
202012 0.070 108.559 0.081
202103 0.156 110.298 0.177
202106 0.109 111.720 0.122
202109 0.148 112.905 0.164
202112 0.187 113.774 0.206
202203 0.094 117.646 0.100
202206 0.021 120.806 0.022
202209 0.001 120.648 0.001
202212 0.133 120.964 0.138
202303 0.122 122.702 0.125
202306 0.046 124.203 0.046
202309 0.083 125.230 0.083
202312 0.102 125.468 0.102
202403 0.060 125.468 0.060

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.


Killam Apartment Real Estate Investment Trust  (TSX:KMP.UN) 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.


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

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Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) Business Description

Traded in Other Exchanges
Address
3700 Kempt Road, Suite 100, Halifax, NS, CAN, B3K 4X8
Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHCs) and commercial properties in Canada. It has three operating segments, Apartment segment, MHC segment, and Commercial segment. The apartment segment acquires, operates, manages and develops multi-family residential properties across Canada. The MHC segment acquires and operates MHC communities in Ontario and Eastern Canada, and the Commercial segment includes eight commercial properties.

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