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Firm Capital Apartment REIT (TSXV:FCA.U) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is Firm Capital Apartment REIT Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Firm Capital Apartment REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Firm Capital Apartment 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.

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Firm Capital Apartment REIT Cyclically Adjusted Price-to-FCF Chart

Firm Capital Apartment REIT Annual Data
Trend Apr13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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Firm Capital Apartment REIT Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of Firm Capital Apartment REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, Firm Capital Apartment 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.


Firm Capital Apartment REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Firm Capital Apartment 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.

Firm Capital Apartment REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Firm Capital Apartment REIT'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)
=0.035/125.2304*125.2304
=0.035

Current CPI (Sep. 2023) = 125.2304.

Firm Capital Apartment REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201310 -0.066 97.182 -0.085
201403 -0.816 98.604 -1.036
201406 -0.658 99.473 -0.828
201409 -0.164 99.394 -0.207
201412 -0.561 98.367 -0.714
201503 -1.043 99.789 -1.309
201506 -0.664 100.500 -0.827
201509 -0.255 100.421 -0.318
201512 -0.590 99.947 -0.739
201603 -0.836 101.054 -1.036
201606 -0.366 102.002 -0.449
201609 -0.449 101.765 -0.553
201612 -0.101 101.449 -0.125
201703 -0.136 102.634 -0.166
201706 -0.001 103.029 -0.001
201709 -0.094 103.345 -0.114
201712 -0.071 103.345 -0.086
201803 -0.092 105.004 -0.110
201806 0.027 105.557 0.032
201809 0.061 105.636 0.072
201812 0.033 105.399 0.039
201903 0.005 106.979 0.006
201906 0.052 107.690 0.060
201909 0.048 107.611 0.056
201912 -0.055 107.769 -0.064
202003 0.006 107.927 0.007
202006 0.057 108.401 0.066
202009 0.129 108.164 0.149
202012 -0.213 108.559 -0.246
202103 0.195 110.298 0.221
202106 0.001 111.720 0.001
202109 0.189 112.905 0.210
202112 -0.049 113.774 -0.054
202203 -0.038 117.646 -0.040
202206 0.017 120.806 0.018
202209 0.121 120.648 0.126
202212 0.000 120.964 0.000
202303 -0.167 122.702 -0.170
202306 -0.119 124.203 -0.120
202309 0.035 125.230 0.035

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.


Firm Capital Apartment REIT  (TSXV:FCA.U) 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.


Firm Capital Apartment REIT Cyclically Adjusted Price-to-FCF Related Terms

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


Firm Capital Apartment REIT (TSXV:FCA.U) Business Description

Industry
Traded in Other Exchanges
Address
163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5
Firm Capital Apartment REIT is a multi-residential real estate investment entity that pursues real estate and debt investments through two platforms namely Income Producing Real Estate Investments that acquire income-producing real estate assets in cities across the United States, and Mortgage Debt Investments that provide multi-residential real estate debt and equity lending platform in cities across the United States focused on providing all forms of bridge mortgage loans and joint venture capital. The Trust has a portfolio in two geographical areas; the U.S. Sunbelt which includes properties in Texas, Florida and Georgia. This represents 67% of the Investment Portfolio. The U.S. Northeast includes properties in New York, New Jersey, Maryland, and Connecticut.

Firm Capital Apartment REIT (TSXV:FCA.U) Headlines

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