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Paragon REIT (SGX:SK6U) Cyclically Adjusted Price-to-FCF : 10.38 (As of Apr. 28, 2024)


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What is Paragon REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Paragon REIT's current share price is S$0.83. Paragon REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was S$0.08. Paragon REIT's Cyclically Adjusted Price-to-FCF for today is 10.38.

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

SGX:SK6U' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.21   Med: 10.5   Max: 10.88
Current: 10.21

During the past 10 years, Paragon REIT's highest Cyclically Adjusted Price-to-FCF was 10.88. The lowest was 10.21. And the median was 10.50.

SGX:SK6U's Cyclically Adjusted Price-to-FCF is ranked better than
56.41% of 390 companies
in the REITs industry
Industry Median: 11.545 vs SGX:SK6U: 10.21

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.

Paragon REIT's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was S$0.068. 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 S$0.08 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Paragon REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Paragon REIT'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.

Paragon REIT Cyclically Adjusted Price-to-FCF Chart

Paragon REIT Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 10.89

Paragon REIT Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Dec22 Jun23 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 - - - - 10.89

Competitive Comparison of Paragon REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Paragon REIT'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.


Paragon REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Paragon REIT 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.

Paragon REIT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.83/0.08
=10.38

* 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.

Paragon REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Paragon REIT's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.068/129.4194*129.4194
=0.068

Current CPI (Dec23) = 129.4194.

Paragon REIT Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201408 0.082 100.352 0.106
201508 0.063 100.548 0.081
201608 0.063 101.617 0.080
201708 0.065 103.587 0.081
201808 0.064 106.383 0.078
201908 0.070 108.245 0.084
202008 0.061 109.662 0.072
202108 0.073 115.421 0.082
202212 0.000 125.222 0.000
202312 0.068 129.419 0.068

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.


Paragon REIT  (SGX:SK6U) 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.


Paragon REIT Cyclically Adjusted Price-to-FCF Related Terms

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


Paragon REIT (SGX:SK6U) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Paragon REIT (SGX:SK6U) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
79 Robinson Road, CapitaSky, Bridge+, Singapore, SGP, 068897
Paragon REIT is a real estate investment trust which focuses on retail properties in Singapore and other Asia Pacific regions. The trust primarily comprises upscale retail malls and shopping centres.

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