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Koray Gayrimenkul Yatirim Ortakligi AS (IST:KGYO) Cyclically Adjusted Price-to-FCF : 8.10 (As of Apr. 29, 2024)


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What is Koray Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Koray Gayrimenkul Yatirim Ortakligi AS's current share price is ₺5.43. Koray Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was ₺0.67. Koray Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF for today is 8.10.

The historical rank and industry rank for Koray Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

IST:KGYO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.77   Med: 8.1   Max: 11.79
Current: 8.15

During the past years, Koray Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted Price-to-FCF was 11.79. The lowest was 1.77. And the median was 8.10.

IST:KGYO's Cyclically Adjusted Price-to-FCF is not ranked
in the REITs industry.
Industry Median: 11.43 vs IST:KGYO: 8.15

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.

Koray Gayrimenkul Yatirim Ortakligi AS's adjusted free cash flow per share data for the three months ended in Sep. 2023 was ₺-0.605. 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 ₺0.67 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Koray Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Koray Gayrimenkul Yatirim Ortakligi AS'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.

Koray Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Chart

Koray Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.48 7.10 8.88 8.09

Koray Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 8.64 8.09 7.68 7.60 8.15

Competitive Comparison of Koray Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, Koray Gayrimenkul Yatirim Ortakligi AS'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.


Koray Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Koray Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Koray Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF falls into.



Koray Gayrimenkul Yatirim Ortakligi AS 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.

Koray Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.43/0.67
=8.10

* 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.

Koray Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Koray Gayrimenkul Yatirim Ortakligi AS's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-0.605/129.8595*129.8595
=-0.605

Current CPI (Sep. 2023) = 129.8595.

Koray Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.056 98.326 -0.074
201403 0.025 99.695 0.033
201406 -0.117 100.560 -0.151
201409 -0.219 100.428 -0.283
201412 0.046 99.070 0.060
201503 -0.367 99.621 -0.478
201506 5.678 100.684 7.323
201509 0.040 100.392 0.052
201512 0.091 99.792 0.118
201603 0.182 100.470 0.235
201606 0.053 101.688 0.068
201609 -0.054 101.861 -0.069
201612 -0.003 101.863 -0.004
201703 0.146 102.862 0.184
201706 0.441 103.349 0.554
201709 0.079 104.136 0.099
201712 0.010 104.011 0.012
201803 0.015 105.290 0.019
201806 -0.055 106.317 -0.067
201809 -0.056 106.507 -0.068
201812 -0.005 105.998 -0.006
201903 -0.025 107.251 -0.030
201906 -0.065 108.070 -0.078
201909 -0.080 108.329 -0.096
201912 -0.200 108.420 -0.240
202003 -0.036 108.902 -0.043
202006 0.012 108.767 0.014
202009 -0.032 109.815 -0.038
202012 0.027 109.897 0.032
202103 -0.006 111.754 -0.007
202106 0.081 114.631 0.092
202109 0.087 115.734 0.098
202112 -0.086 117.630 -0.095
202203 -0.034 121.301 -0.036
202206 -0.334 125.017 -0.347
202209 -0.038 125.227 -0.039
202212 0.335 125.222 0.347
202303 0.207 127.348 0.211
202306 -0.034 128.729 -0.034
202309 -0.605 129.860 -0.605

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.


Koray Gayrimenkul Yatirim Ortakligi AS  (IST:KGYO) 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.


Koray Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Related Terms

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


Koray Gayrimenkul Yatirim Ortakligi AS (IST:KGYO) Business Description

Traded in Other Exchanges
N/A
Address
Levent Mah. Comert Sk., Yapi Kredi Plaza Sitesi B Blok No:1B Kat 10 Ic Kapi No:26, Besiktas, Istanbul, TUR, 34363
Koray Gayrimenkul Yatirim Ortakligi AS is a real estate investment company. It is engaged in owning, managing, and developing commercial and residential projects such as office buildings, shopping malls, and residential communities.

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