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Farmland Partners (Farmland Partners) Cyclically Adjusted Price-to-FCF : 18.37 (As of Apr. 27, 2024)


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What is Farmland Partners Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Farmland Partners's current share price is $10.84. Farmland Partners's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.59. Farmland Partners's Cyclically Adjusted Price-to-FCF for today is 18.37.

The historical rank and industry rank for Farmland Partners's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FPI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.49   Med: 19.54   Max: 26.81
Current: 18.31

During the past years, Farmland Partners's highest Cyclically Adjusted Price-to-FCF was 26.81. The lowest was 17.49. And the median was 19.54.

FPI's Cyclically Adjusted Price-to-FCF is ranked worse than
68.46% of 390 companies
in the REITs industry
Industry Median: 11.545 vs FPI: 18.31

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.

Farmland Partners's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.090. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $0.59 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Farmland Partners Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Farmland Partners'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.

* Premium members only.

Farmland Partners Cyclically Adjusted Price-to-FCF Chart

Farmland Partners Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 23.34 21.24

Farmland Partners Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF 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 23.34 18.53 21.17 17.26 21.24

Competitive Comparison of Farmland Partners's Cyclically Adjusted Price-to-FCF

For the REIT - Specialty subindustry, Farmland Partners'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.


Farmland Partners's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Farmland Partners 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.

Farmland Partners's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.84/0.59
=18.37

* 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.

Farmland Partners's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Farmland Partners'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)
=0.09/129.4194*129.4194
=0.090

Current CPI (Dec. 2023) = 129.4194.

Farmland Partners Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.034 99.695 -0.044
201406 0.757 100.560 0.974
201409 -0.090 100.428 -0.116
201412 0.015 99.070 0.020
201503 0.657 99.621 0.854
201506 0.581 100.684 0.747
201509 -0.079 100.392 -0.102
201512 -0.081 99.792 -0.105
201603 0.488 100.470 0.629
201606 -0.066 101.688 -0.084
201609 -0.099 101.861 -0.126
201612 0.096 101.863 0.122
201703 -0.098 102.862 -0.123
201706 0.028 103.349 0.035
201709 -0.051 104.136 -0.063
201712 0.132 104.011 0.164
201803 0.457 105.290 0.562
201806 -0.030 106.317 -0.037
201809 -0.015 106.507 -0.018
201812 0.206 105.998 0.252
201903 0.449 107.251 0.542
201906 -0.035 108.070 -0.042
201909 -0.175 108.329 -0.209
201912 0.371 108.420 0.443
202003 0.436 108.902 0.518
202006 -0.098 108.767 -0.117
202009 0.006 109.815 0.007
202012 0.326 109.897 0.384
202103 0.375 111.754 0.434
202106 -0.103 114.631 -0.116
202109 -0.214 115.734 -0.239
202112 0.149 117.630 0.164
202203 0.225 121.301 0.240
202206 -0.037 125.017 -0.038
202209 0.006 125.227 0.006
202212 0.153 125.222 0.158
202303 0.293 127.348 0.298
202306 -0.109 128.729 -0.110
202309 -0.076 129.860 -0.076
202312 0.090 129.419 0.090

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.


Farmland Partners  (NYSE:FPI) 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.


Farmland Partners Cyclically Adjusted Price-to-FCF Related Terms

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


Farmland Partners (Farmland Partners) Business Description

Industry
Traded in Other Exchanges
Address
4600 South Syracuse Street, Suite 1450, Denver, CO, USA, 80237
Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company and owns and contracts of farmland and storage facilities located across the United States. Its properties are farmed by over 100 tenants growing more than 26 commercial crops. Farmland Partners generates its revenues through the rent it receives from its tenants.
Executives
Paul A Pittman director, officer: President and CEO 4910 BIRCH ST., SUITE 102, NEWPORT BEACH CA 92660
Jennifer S Grafton director 9540 SOUTH MAROON CIRCLE, SUITE 200, ENGLEWOOD CO 80112
Murray R Wise director 2407 S NEIL PO BOX 3009, CHAMPAIGN IL 61826
Luca Fabbri officer: CFO, Secretary and Treasurer C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Christine M. Garrison officer: General Counsel and Secretary C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
John A Good director C/O JERNIGAN CAPITAL, INC., 1395 BRICKELL AVENUE, MIAMI FL 33131
Danny D. Moore director C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
James Gilligan officer: Chief Financial Officer C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
Thomas Heneghan director C/O MANUFACTURED HOME COMMUNITIES INC, 2 N RIVER PLAZA #800, CHICAGO IL 60606
Toby Orourke director FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
Erica Borenstein officer: General Counsel and Secretary C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Chris A Downey director C/O FARMLAND PARTNERS INC., : 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Jay Bartels director C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Joseph W Glauber director FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Dennie Dixon Boardman director C/O OPTIMA FUND MANAGEMENT LLC, 10 EAST 53RD STREET, NEW YORK NY 10022