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Howard Hughes Holdings (FRA:HHE0) Cyclically Adjusted Price-to-FCF : 70.11 (As of May. 16, 2024)


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What is Howard Hughes Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Howard Hughes Holdings's current share price is €61.00. Howard Hughes Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.87. Howard Hughes Holdings's Cyclically Adjusted Price-to-FCF for today is 70.11.

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

FRA:HHE0' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.98   Med: 40.49   Max: 70.56
Current: 70.56

During the past years, Howard Hughes Holdings's highest Cyclically Adjusted Price-to-FCF was 70.56. The lowest was 18.98. And the median was 40.49.

FRA:HHE0's Cyclically Adjusted Price-to-FCF is ranked worse than
91.5% of 694 companies
in the Real Estate industry
Industry Median: 12.645 vs FRA:HHE0: 70.56

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.

Howard Hughes Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-3.181. 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 €0.87 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Howard Hughes Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Howard Hughes Holdings'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.

Howard Hughes Holdings Cyclically Adjusted Price-to-FCF Chart

Howard Hughes Holdings 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 59.43 30.86 53.48 35.07 61.81

Howard Hughes Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 42.74 54.68 59.84 61.81 75.73

Competitive Comparison of Howard Hughes Holdings's Cyclically Adjusted Price-to-FCF

For the Real Estate - Diversified subindustry, Howard Hughes Holdings'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.


Howard Hughes Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Howard Hughes Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Howard Hughes Holdings's Cyclically Adjusted Price-to-FCF falls into.



Howard Hughes Holdings 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.

Howard Hughes Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=61.00/0.87
=70.11

* 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.

Howard Hughes Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Howard Hughes Holdings's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-3.181/131.7762*131.7762
=-3.181

Current CPI (Mar. 2024) = 131.7762.

Howard Hughes Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.362 100.560 -0.474
201409 0.090 100.428 0.118
201412 -1.573 99.070 -2.092
201503 -0.565 99.621 -0.747
201506 0.398 100.684 0.521
201509 0.581 100.392 0.763
201512 -0.318 99.792 -0.420
201603 -1.021 100.470 -1.339
201606 -2.002 101.688 -2.594
201609 -1.724 101.861 -2.230
201612 10.118 101.863 13.089
201703 -2.186 102.862 -2.800
201706 -1.063 103.349 -1.355
201709 2.349 104.136 2.972
201712 3.706 104.011 4.695
201803 -1.640 105.290 -2.053
201806 -0.540 106.317 -0.669
201809 -0.588 106.507 -0.728
201812 7.148 105.998 8.886
201903 -1.245 107.251 -1.530
201906 4.469 108.070 5.449
201909 -0.540 108.329 -0.657
201912 1.437 108.420 1.747
202003 -1.532 108.902 -1.854
202006 -0.412 108.767 -0.499
202009 -1.090 109.815 -1.308
202012 1.421 109.897 1.704
202103 -1.285 111.754 -1.515
202106 0.064 114.631 0.074
202109 0.598 115.734 0.681
202112 -4.197 117.630 -4.702
202203 -1.747 121.301 -1.898
202206 0.096 125.017 0.101
202209 6.331 125.227 6.662
202212 2.079 125.222 2.188
202303 -2.749 127.348 -2.845
202306 -2.019 128.729 -2.067
202309 -2.103 129.860 -2.134
202312 1.839 129.419 1.872
202403 -3.181 131.776 -3.181

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.


Howard Hughes Holdings  (FRA:HHE0) 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.


Howard Hughes Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Howard Hughes Holdings (FRA:HHE0) Business Description

Traded in Other Exchanges
Address
9950 Woodloch Forest Drive, Suite 1100, 11th Floor, The Woodlands, TX, USA, 77380
Howard Hughes Holdings Inc owns, manages, and develops commercial, residential, and mixed-use real estate throughout the USA. Its portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country.

Howard Hughes Holdings (FRA:HHE0) Headlines

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