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Intercapital Property Development REIT (XBUL:ICPD) Cyclically Adjusted FCF per Share : лв0.03 (As of Dec. 2023)


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What is Intercapital Property Development REIT 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.

Intercapital Property Development REIT's adjusted free cash flow per share for the three months ended in Dec. 2023 was лв-0.002. 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 лв0.03 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Intercapital Property Development REIT's average Cyclically Adjusted FCF Growth Rate was 50.00% 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.

As of today (2024-04-27), Intercapital Property Development REIT's current stock price is лв0.70. Intercapital Property Development REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was лв0.03. Intercapital Property Development REIT's Cyclically Adjusted Price-to-FCF of today is 23.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Intercapital Property Development REIT was 49.25. The lowest was 22.67. And the median was 32.83.


Intercapital Property Development REIT Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Intercapital Property Development REIT'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.

Intercapital Property Development REIT Cyclically Adjusted FCF per Share Chart

Intercapital Property Development REIT 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 - - 0.03 0.02 0.03

Intercapital Property Development REIT Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 0.02 0.02 - 0.02 0.03

Competitive Comparison of Intercapital Property Development REIT's Cyclically Adjusted FCF per Share

For the REIT - Diversified subindustry, Intercapital Property Development 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.


Intercapital Property Development REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Intercapital Property Development REIT's Cyclically Adjusted Price-to-FCF falls into.



Intercapital Property Development REIT 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, Intercapital Property Development REIT'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)
=-0.002/129.4194*129.4194
=-0.002

Current CPI (Dec. 2023) = 129.4194.

Intercapital Property Development REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201309 0.001 98.790 0.001
201312 0.055 98.326 0.072
201403 -0.003 99.695 -0.004
201406 0.010 100.560 0.013
201409 -0.002 100.428 -0.003
201412 0.032 99.070 0.042
201506 0.000 100.684 0.000
201509 -0.003 100.392 -0.004
201512 0.010 99.792 0.013
201603 -0.002 100.470 -0.003
201606 0.004 101.688 0.005
201609 0.009 101.861 0.011
201612 -0.012 101.863 -0.015
201703 -0.001 102.862 -0.001
201706 -0.003 103.349 -0.004
201709 0.004 104.136 0.005
201712 -0.009 104.011 -0.011
201803 -0.001 105.290 -0.001
201806 -0.003 106.317 -0.004
201809 0.006 106.507 0.007
201812 -0.006 105.998 -0.007
201903 -0.001 107.251 -0.001
201906 0.005 108.070 0.006
201909 0.004 108.329 0.005
201912 0.012 108.420 0.014
202003 -0.024 108.902 -0.029
202006 0.038 108.767 0.045
202009 0.074 109.815 0.087
202012 -0.050 109.897 -0.059
202103 0.011 111.754 0.013
202106 0.006 114.631 0.007
202109 0.009 115.734 0.010
202112 0.001 117.630 0.001
202203 0.002 121.301 0.002
202206 0.000 125.017 0.000
202209 0.004 125.227 0.004
202212 0.013 125.222 0.013
202306 0.000 128.729 0.000
202309 0.011 129.860 0.011
202312 -0.002 129.419 -0.002

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


Intercapital Property Development REIT  (XBUL:ICPD) 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.

Intercapital Property Development REIT's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.70/0.03
=23.33

* 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 Intercapital Property Development REIT was 49.25. The lowest was 22.67. And the median was 32.83.


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.


Intercapital Property Development REIT Cyclically Adjusted FCF per Share Related Terms

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


Intercapital Property Development REIT (XBUL:ICPD) Business Description

Traded in Other Exchanges
Address
Dobrudzha Street No. 6, 4th Floor, Sofia, BGR, 1000
Intercapital Property Development REIT is an investment company for real estate securitization. The company functions as a collective investment scheme for real estate investments and its investment projects include Marina Cape and Grand Borovetz. Geographically, operations are conducted throughout the region of Bulgaria.

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