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Amrep (AXR) Cyclically Adjusted FCF per Share : $1.05 (As of Jan. 2024)


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What is Amrep Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Amrep's adjusted free cash flow per share for the three months ended in Jan. 2024 was $0.250. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $1.05 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Amrep's average Cyclically Adjusted FCF Growth Rate was 26.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 45.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 24.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -16.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Amrep was 334.40% per year. The lowest was -51.80% per year. And the median was 6.70% per year.

As of today (2024-04-27), Amrep's current stock price is $20.77. Amrep's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $1.05. Amrep's Cyclically Adjusted Price-to-FCF of today is 19.78.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Amrep was 59.89. The lowest was 1.52. And the median was 13.60.


Amrep Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Amrep's Cyclically Adjusted FCF per Share 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.

Amrep Cyclically Adjusted FCF per Share Chart

Amrep Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.31 0.40 0.54 0.96

Amrep Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cyclically Adjusted FCF per Share 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 0.83 0.96 1.15 0.99 1.05

Competitive Comparison of Amrep's Cyclically Adjusted FCF per Share

For the Real Estate - Development subindustry, Amrep'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.


Amrep's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Amrep Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Amrep's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.25/129.4194*129.4194
=0.250

Current CPI (Jan. 2024) = 129.4194.

Amrep Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.560 100.023 0.725
201407 0.278 100.520 0.358
201410 0.556 100.176 0.718
201501 0.419 98.604 0.550
201504 -0.138 99.824 -0.179
201507 -0.435 100.691 -0.559
201510 0.166 100.346 0.214
201601 0.033 99.957 0.043
201604 0.567 100.947 0.727
201607 0.395 101.524 0.504
201610 0.426 101.988 0.541
201701 0.113 102.456 0.143
201704 0.327 103.167 0.410
201707 0.161 103.278 0.202
201710 0.088 104.070 0.109
201801 -0.076 104.578 -0.094
201804 -0.113 105.708 -0.138
201807 0.097 106.324 0.118
201810 -0.123 106.695 -0.149
201901 -0.038 106.200 -0.046
201904 0.137 107.818 0.164
201907 0.272 108.250 0.325
201910 -0.338 108.577 -0.403
202001 0.144 108.841 0.171
202004 0.015 108.173 0.018
202007 -0.252 109.318 -0.298
202010 0.319 109.861 0.376
202101 0.120 110.364 0.141
202104 1.515 112.673 1.740
202107 -0.606 115.183 -0.681
202110 1.000 116.696 1.109
202201 -0.374 118.619 -0.408
202204 2.116 121.978 2.245
202207 0.027 125.002 0.028
202210 -0.226 125.734 -0.233
202301 -0.091 126.223 -0.093
202304 1.466 127.992 1.482
202307 0.336 128.974 0.337
202310 -0.010 129.810 -0.010
202401 0.250 129.419 0.250

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Amrep  (NYSE:AXR) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Amrep's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20.77/1.05
=19.78

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Amrep was 59.89. The lowest was 1.52. And the median was 13.60.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Amrep Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Amrep's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Amrep (AXR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Amrep Corp (NYSE:AXR) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
N/A
Address
850 West Chester Pike, Suite 205, Havertown, PA, USA, 19083
Amrep Corp through its subsidiaries is engaged in the Real estate business. Its activities include land sales and lease activities, which involve the obtaining of approvals and the sale of both developed and undeveloped lots to homebuilders, commercial users, and others, as well as investments in commercial and investment properties. Its operating segments include Land development and Homebuilding. The firm generates a majority of its revenue from the Land development segment. Geographically, all the activities are carried out throughout the United States.
Executives
James H Dahl 10 percent owner 1200 RIVERPLACE BLVD SUITE 902, 1200 RIVERPLACE BLVD SUITE 902, JACKSONVILLE FL 32207
Robert Robotti director 125 PARK AVENUE, SUITE 1607, NEW YORK NY 10017
Cloues Edward B Ii director PENN VIRGINIA CORPORATION, FOUR RADNOR CORP. CTR., SUITE 200, RADNOR PA 19087
Rainey E. Lancaster 10 percent owner 1 APPLE PARK WAY, CUPERTINO CA 95014
Nick G Karabots director, 10 percent owner
Gate City Capital Management, Llc 10 percent owner 425 S. FINANCIAL PLACE, STE 910A, CHICAGO IL 60605
Theodore J. Gaasche director 1521 GREEN VALLEY DRIVE, COLLEGEVILLE PA 19426
Adrienne Uleau officer: VP, Finance & Accounting 1142 MYRTLEWOOD AVE, HAVERTOWN PA 19083
Heinrich Bauer (usa) Llc 10 percent owner 270 SYLVAN AVE, ENGELWOOD CLIFFS NJ 07632
Mcmonagle James Michael Jr officer: VP and Chief Financial Officer 620 W. GERMANTOWN PIKE, SUITE 175, PLYMOUTH MEETING PA 19462
Robert E Wisniewski officer: EVP and CFO C/O K-TRON INTERNATIONAL, INC., ROUTES 55 & 553, PO BOX 888, PITMAN NJ 08071
Clifford Robert Martin officer: VP and Chief Financial Officer AMREP CORPORATION, 300 ALEXANDER PARK, SUITE 204, PRINCETON NJ 08540
Rory Burke officer: Pres&CEO, Palm Coast Data, LLC C/O AMREP CORPORATION, 300 ALEXANDER PARK, SUITE 204, PRINCETON NJ 08540
Christopher V Vitale officer: Vice Pres., Gen. Counsel & Sec AMREP CORPORATION, 300 ALEXANDER PARK, SUITE 204, PRINCETON NJ 08540
Peter M. Pizza officer: Vice President and CFO C/O AMREP CORPORATION, 300 ALEXANDER PARK, SUITE 204, PRINCETON NJ 08540

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