GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kennedy-Wilson Holdings Inc (NYSE:KW) » Definitions » Cyclically Adjusted Price-to-FCF

Kennedy-Wilson Holdings (Kennedy-Wilson Holdings) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Kennedy-Wilson Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kennedy-Wilson Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kennedy-Wilson 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.

Kennedy-Wilson Holdings Cyclically Adjusted Price-to-FCF Chart

Kennedy-Wilson 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 101.03 128.68 1,222.82 - -

Kennedy-Wilson Holdings 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 - - - - -

Competitive Comparison of Kennedy-Wilson Holdings's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, Kennedy-Wilson 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.


Kennedy-Wilson Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Kennedy-Wilson 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.

Kennedy-Wilson Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Kennedy-Wilson Holdings'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)
=-0.137/129.4194*129.4194
=-0.137

Current CPI (Dec. 2023) = 129.4194.

Kennedy-Wilson Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.413 99.695 -0.536
201406 0.999 100.560 1.286
201409 0.231 100.428 0.298
201412 0.130 99.070 0.170
201503 -0.181 99.621 -0.235
201506 0.484 100.684 0.622
201509 0.716 100.392 0.923
201512 0.526 99.792 0.682
201603 -0.081 100.470 -0.104
201606 0.178 101.688 0.227
201609 0.625 101.861 0.794
201612 0.224 101.863 0.285
201703 0.100 102.862 0.126
201706 0.510 103.349 0.639
201709 0.548 104.136 0.681
201712 -0.402 104.011 -0.500
201803 -0.069 105.290 -0.085
201806 -0.267 106.317 -0.325
201809 -0.176 106.507 -0.214
201812 -0.341 105.998 -0.416
201903 -0.587 107.251 -0.708
201906 -0.335 108.070 -0.401
201909 -0.394 108.329 -0.471
201912 -0.185 108.420 -0.221
202003 -0.528 108.902 -0.627
202006 -0.502 108.767 -0.597
202009 0.175 109.815 0.206
202012 -0.616 109.897 -0.725
202103 -0.893 111.754 -1.034
202106 -0.078 114.631 -0.088
202109 -0.368 115.734 -0.412
202112 0.120 117.630 0.132
202203 -0.568 121.301 -0.606
202206 0.031 125.017 0.032
202209 -0.239 125.227 -0.247
202212 -0.098 125.222 -0.101
202303 -0.770 127.348 -0.783
202306 0.075 128.729 0.075
202309 -0.383 129.860 -0.382
202312 -0.137 129.419 -0.137

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.


Kennedy-Wilson Holdings  (NYSE:KW) 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.


Kennedy-Wilson Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Kennedy-Wilson Holdings (Kennedy-Wilson Holdings) Business Description

Traded in Other Exchanges
Address
151 S El Camino Drive, Beverly Hills, CA, USA, 90212
Kennedy-Wilson Holdings Inc is a real estate investment company that owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and office properties, as well as industrial and debt investments. It has two business segments; Consolidated Portfolio includes investment activities that involve ownership of multifamily units, office, retail and industrial space, and one hotel, and The Co-Investment Portfolio segment consists of investments the Company makes with partners in which it receives fees, performance allocations that it earns on its fee-bearing capital and distributions and profits from its ownership interest in the underlying operations of its co-investments.
Executives
William J Mcmorrow director, 10 percent owner, officer: Chief Executive Officer 530 WILSHIRE BLVD, STE 101, SANTA MONICA CA 90401
Michael John Pegler officer: President KW Europe 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Regina Wambold Finnegan officer: EVP, Risk Management and HR 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Todd L Boehly director 600 STEAMBOAT ROAD, GREENWICH CT 06830
Boucher Richard Aidan Hugh director 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Wade Burton director 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Stanley R Zax director ZENITH NATIONAL INSURANCE, 21255 CALIFA STREET, WOODLAND HILLS CA 91367
Mary Ricks officer: Co-CEO of KW Com Invt Group
Watsa V Prem Et Al 10 percent owner 95 WELLINGTON STREET WEST, SUITE 800, TORONTO A6 M5J 2N7
Fairfax Financial Holdings Ltd/ Can 10 percent owner FAIRFAX FINANCIAL HOLDINGS LTD, 95 WELLINGTON ST WEST STE 800, TORONTO A6 M5J 2N7
Second 1109 Holdco Ltd. 10 percent owner 95 WELLINGTON ST W STE 800, TORONTO A6 M5J 2N7
Sixty Two Investment Co Ltd 10 percent owner 1600 CATHEDRAL PLACE, 925 W GEORGIA ST, VANCOUVER BC CANADA A1 V6C3L3
Justin Enbody officer: Chief Financial Officer 9701 WILSHIRE BLVD., SUITE 700, BEVERLY HILLS CA 90212
Kent Y Mouton director C/O KENNEDY WILSON INC, 9601 WILSHIRE BLVD STE 220, BEVERLY HILLS CA 90210
Cathy Hendrickson director 9701 WILSHIRE BLVD., SUITE 700, BEVERLY HILLS CA 90210