GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Impact Trust (TSX:MPCT.UN) » Definitions » Cyclically Adjusted Price-to-FCF

Dream Impact Trust (TSX:MPCT.UN) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Dream Impact Trust Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dream Impact Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dream Impact Trust'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.

Dream Impact Trust Cyclically Adjusted Price-to-FCF Chart

Dream Impact Trust 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 - - - - -

Dream Impact Trust 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 Dream Impact Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, Dream Impact Trust'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.


Dream Impact Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Dream Impact Trust's Cyclically Adjusted Price-to-FCF falls into.



Dream Impact Trust 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.

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

For example, Dream Impact Trust'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)
=-0.33/125.4675*125.4675
=-0.330

Current CPI (Dec. 2023) = 125.4675.

Dream Impact Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.012 98.604 -0.015
201406 -0.157 99.473 -0.198
201409 0.264 99.394 0.333
201412 -0.060 98.367 -0.077
201503 -0.408 99.789 -0.513
201506 -0.019 100.500 -0.024
201509 -1.716 100.421 -2.144
201512 -0.632 99.947 -0.793
201603 -0.213 101.054 -0.264
201606 -0.280 102.002 -0.344
201609 -0.261 101.765 -0.322
201612 -0.091 101.449 -0.113
201703 -0.164 102.634 -0.200
201706 -0.396 103.029 -0.482
201709 0.461 103.345 0.560
201712 -0.130 103.345 -0.158
201803 0.124 105.004 0.148
201806 0.067 105.557 0.080
201809 0.549 105.636 0.652
201812 0.103 105.399 0.123
201903 0.225 106.979 0.264
201906 -0.133 107.690 -0.155
201909 0.234 107.611 0.273
201912 -0.376 107.769 -0.438
202003 -0.032 107.927 -0.037
202006 0.116 108.401 0.134
202009 0.355 108.164 0.412
202012 -0.194 108.559 -0.224
202103 0.352 110.298 0.400
202106 -0.040 111.720 -0.045
202109 0.208 112.905 0.231
202112 0.299 113.774 0.330
202203 -0.119 117.646 -0.127
202206 -0.150 120.806 -0.156
202209 0.038 120.648 0.040
202212 -0.428 120.964 -0.444
202303 -0.216 122.702 -0.221
202306 -0.621 124.203 -0.627
202309 -0.200 125.230 -0.200
202312 -0.330 125.468 -0.330

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.


Dream Impact Trust  (TSX:MPCT.UN) 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.


Dream Impact Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Dream Impact Trust (TSX:MPCT.UN) Business Description

Industry
Traded in Other Exchanges
Address
30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1
Dream Impact Trust is a Canada-based open-ended trust. It is focused on asset alternative investments consisting of real estate, real estate lending, real estate development, and renewable power. The objective is to generate financial returns along with positive social and environmental impacts. It has two operating segments: The development and investment holdings segment is comprised of direct and indirect investments in residential and mixed-use developments, a hospitality asset, and participating mortgage receivables and the Recurring income segment is comprised of a portfolio of stabilized office and commercial real estate income properties and multi-family rental assets over which the trust has significant influence, joint control, or control, and interest-paying corporate loans.

Dream Impact Trust (TSX:MPCT.UN) Headlines

No Headlines