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Sun Communities (Sun Communities) Cyclically Adjusted FCF per Share : $5.64 (As of Dec. 2023)


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What is Sun Communities 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.

Sun Communities's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.941. 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 $5.64 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Sun Communities's average Cyclically Adjusted FCF Growth Rate was 7.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 22.70% 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 Sun Communities was 45.10% per year. The lowest was -21.90% per year. And the median was 20.15% per year.

As of today (2024-04-27), Sun Communities's current stock price is $119.08. Sun Communities's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $5.64. Sun Communities's Cyclically Adjusted Price-to-FCF of today is 21.11.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sun Communities was 164.21. The lowest was 18.59. And the median was 52.11.


Sun Communities Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sun Communities'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.

Sun Communities Cyclically Adjusted FCF per Share Chart

Sun Communities 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 2.68 3.24 4.75 5.27 5.64

Sun Communities 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 5.27 5.39 5.54 5.64 5.64

Competitive Comparison of Sun Communities's Cyclically Adjusted FCF per Share

For the REIT - Residential subindustry, Sun Communities'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.


Sun Communities's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Sun Communities 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, Sun Communities'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)
=0.941/129.4194*129.4194
=0.941

Current CPI (Dec. 2023) = 129.4194.

Sun Communities Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.217 99.695 1.580
201406 0.800 100.560 1.030
201409 0.779 100.428 1.004
201412 0.507 99.070 0.662
201503 0.774 99.621 1.006
201506 0.966 100.684 1.242
201509 1.013 100.392 1.306
201512 0.632 99.792 0.820
201603 0.876 100.470 1.128
201606 1.206 101.688 1.535
201609 0.887 101.861 1.127
201612 0.703 101.863 0.893
201703 0.946 102.862 1.190
201706 1.163 103.349 1.456
201709 0.882 104.136 1.096
201712 0.401 104.011 0.499
201803 1.018 105.290 1.251
201806 1.470 106.317 1.789
201809 1.249 106.507 1.518
201812 0.703 105.998 0.858
201903 1.199 107.251 1.447
201906 1.790 108.070 2.144
201909 1.533 108.329 1.831
201912 0.842 108.420 1.005
202003 1.282 108.902 1.524
202006 1.914 108.767 2.277
202009 1.665 109.815 1.962
202012 0.756 109.897 0.890
202103 2.038 111.754 2.360
202106 2.232 114.631 2.520
202109 1.569 115.734 1.755
202112 0.831 117.630 0.914
202203 1.947 121.301 2.077
202206 2.553 125.017 2.643
202209 1.285 125.227 1.328
202212 0.358 125.222 0.370
202303 1.541 127.348 1.566
202306 2.070 128.729 2.081
202309 1.806 129.860 1.800
202312 0.941 129.419 0.941

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


Sun Communities  (NYSE:SUI) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=119.08/5.64
=21.11

* 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 Sun Communities was 164.21. The lowest was 18.59. And the median was 52.11.


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.


Sun Communities Cyclically Adjusted FCF per Share Related Terms

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


Sun Communities (Sun Communities) Business Description

Industry
Traded in Other Exchanges
Address
27777 Franklin Road, Suite 200, Southfield, MI, USA, 48034
Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 670 properties, which includes 353 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.
Executives
Baxter Underwood officer: CEO - Safe Harbor Marinas, LLC 14785 PRESTON RD, 9TH FLOOR, DALLAS TX 75254
Marc Farrugia officer: EVP & Chief Admin. Officer 27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
Jeff Blau director
Bruce Thelen officer: EVP 27777 FRANKLIN RD., STE. 200, SOUTHFIEL MI 48034
Clunet R Lewis director 27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Fernando Castro-caratini officer: EVP, CFO, Sec. & Treas. 27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
John Bandini Mclaren officer: EVP & CFO 27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Stephanie W Bergeron director 27777 FRANKLIN ROAD, STE 200, SUN COMMUNITIES, INC, SOUTHFIELD MI 48034
Aaron Weiss officer: EVP, Corp. Strat. & Bus. Dev. 27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
Gary A Shiffman director, officer: Chrmn and CEO 27777 FRANKLIN ROAD, STE 200, SOUTHFIELD MI 48034
Karen Dearing officer: EVP, CFO, Sec. & Treasurer 27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Tonya Allen director 2777 FRANKLIN RD., STE. 200, SOUTHFIELD MI 48034
Ronald A Klein director 235 EAST MAIN STREET, MIDLAND MI 48640
Jonathan Colman officer: EVP 27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Brian M Hermelin director 2064 D STREET, BELLEVILLE MI 48111

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