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Centuria Capital Group (ASX:CNI) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is Centuria Capital Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Centuria Capital Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Centuria Capital Group'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.

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Centuria Capital Group Cyclically Adjusted Price-to-FCF Chart

Centuria Capital Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
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Centuria Capital Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Centuria Capital Group's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, Centuria Capital Group'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.


Centuria Capital Group's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Centuria Capital Group 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.

Centuria Capital Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Centuria Capital Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.138/124.1700*124.1700
=0.138

Current CPI (Jun23) = 124.1700.

Centuria Capital Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.255 98.352 -0.322
201506 -0.622 99.838 -0.774
201606 -0.545 100.859 -0.671
201706 0.336 102.809 0.406
201806 0.119 104.945 0.141
201906 0.024 106.617 0.028
202006 0.071 106.246 0.083
202106 0.033 110.332 0.037
202206 0.213 117.112 0.226
202306 0.138 124.170 0.138

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.


Centuria Capital Group  (ASX:CNI) 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.


Centuria Capital Group Cyclically Adjusted Price-to-FCF Related Terms

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Centuria Capital Group (ASX:CNI) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2 Chifley Square, Level 41, Chifley Tower, Sydney, NSW, AUS, 2000
Centuria Capital Group runs retail, wholesale, and institutional property investments. Assets are roughly one third each in office, industrial, and another third in retail, healthcare, agricultural property, and real estate finance. About one third of FUM is in listed REITs, a third in unlisted wholesale funds, and nearly another third in unlisted retail funds and a small amount in institutional vehicles. The group's AUD 21 billion in FUM grew rapidly from less than AUD 5 billion in FUM in 2018. Acquisitions of Augusta Capital, 360 Capital, PrimeWest, and others supercharged FUM growth. Centuria's main revenue sources are management fees on its funds, development profits, and rental income from co-investments in its funds. Centuria is the largest securityholder in its listed REITs.