GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Digital Realty Trust Inc (FRA:FQI) » Definitions » Cyclically Adjusted FCF per Share

Digital Realty Trust (FRA:FQI) Cyclically Adjusted FCF per Share : €6.47 (As of Dec. 2023)


View and export this data going back to 2004. Start your Free Trial

What is Digital Realty Trust 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.

Digital Realty Trust's adjusted free cash flow per share for the three months ended in Dec. 2023 was €1.341. 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 €6.47 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Digital Realty Trust's average Cyclically Adjusted FCF Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 38.30% 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 Digital Realty Trust was 453.60% per year. The lowest was 11.70% per year. And the median was 43.30% per year.

As of today (2024-04-29), Digital Realty Trust's current stock price is €133.32. Digital Realty Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €6.47. Digital Realty Trust's Cyclically Adjusted Price-to-FCF of today is 20.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Digital Realty Trust was 3766.67. The lowest was 12.57. And the median was 28.11.


Digital Realty Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Digital Realty Trust'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.

Digital Realty Trust Cyclically Adjusted FCF per Share Chart

Digital Realty Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.27 4.12 5.77 6.57 6.47

Digital Realty Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.57 6.36 6.57 6.79 6.47

Competitive Comparison of Digital Realty Trust's Cyclically Adjusted FCF per Share

For the REIT - Specialty subindustry, Digital Realty 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.


Digital Realty Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Digital Realty Trust 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, Digital Realty Trust's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.341/129.4194*129.4194
=1.341

Current CPI (Dec. 2023) = 129.4194.

Digital Realty Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.652 99.695 0.846
201406 1.092 100.560 1.405
201409 0.898 100.428 1.157
201412 1.093 99.070 1.428
201503 0.943 99.621 1.225
201506 1.411 100.684 1.814
201509 1.186 100.392 1.529
201512 1.624 99.792 2.106
201603 1.100 100.470 1.417
201606 1.301 101.688 1.656
201609 1.374 101.861 1.746
201612 1.686 101.863 2.142
201703 1.277 102.862 1.607
201706 1.652 103.349 2.069
201709 0.800 104.136 0.994
201712 1.399 104.011 1.741
201803 0.931 105.290 1.144
201806 1.807 106.317 2.200
201809 1.495 106.507 1.817
201812 1.492 105.998 1.822
201903 1.488 107.251 1.796
201906 2.014 108.070 2.412
201909 1.232 108.329 1.472
201912 1.720 108.420 2.053
202003 0.914 108.902 1.086
202006 1.593 108.767 1.895
202009 1.472 109.815 1.735
202012 1.538 109.897 1.811
202103 0.977 111.754 1.131
202106 1.536 114.631 1.734
202109 1.197 115.734 1.339
202112 1.404 117.630 1.545
202203 0.885 121.301 0.944
202206 1.679 125.017 1.738
202209 1.429 125.227 1.477
202212 1.395 125.222 1.442
202303 1.078 127.348 1.096
202306 1.397 128.729 1.404
202309 1.079 129.860 1.075
202312 1.341 129.419 1.341

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


Digital Realty Trust  (FRA:FQI) 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.

Digital Realty Trust's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=133.32/6.47
=20.61

* 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 Digital Realty Trust was 3766.67. The lowest was 12.57. And the median was 28.11.


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.


Digital Realty Trust Cyclically Adjusted FCF per Share Related Terms

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


Digital Realty Trust (FRA:FQI) Business Description

Industry
Address
5707 Southwest Parkway, Building 1, Suite 275, Austin, TX, USA, 78735
Digital Realty owns and operates over 300 data centers worldwide. It has nearly 40 million rentable square feet across five continents. Digital's offerings range from retail co-location, where an enterprise may rent a single cabinet and rely on Digital to provide all the accommodations, to "cold shells," where hyperscale cloud service providers can simply rent much, or all, of a barren, power-connected building. In recent years, Digital Realty has de-emphasized cold shells and now primarily provides higher-level service to tenants, which outsource their related IT needs to Digital. Digital Realty has also moved more into the co-location business, increasingly serving enterprises and facilitating network and cloud connections. Digital Realty operates as a real estate investment trust.

Digital Realty Trust (FRA:FQI) Headlines

No Headlines