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Patrimoine et Commerce (XPAR:PAT) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is Patrimoine et Commerce Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Patrimoine et Commerce Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Patrimoine et Commerce'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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Patrimoine et Commerce Cyclically Adjusted Price-to-FCF Chart

Patrimoine et Commerce Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Patrimoine et Commerce Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Patrimoine et Commerce's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Patrimoine et Commerce'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.


Patrimoine et Commerce's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Patrimoine et Commerce's Cyclically Adjusted Price-to-FCF falls into.



Patrimoine et Commerce 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.

Patrimoine et Commerce's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Patrimoine et Commerce'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)
=1.442/118.2300*118.2300
=1.442

Current CPI (Dec23) = 118.2300.

Patrimoine et Commerce Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -1.199 99.860 -1.420
201512 -0.927 100.040 -1.096
201612 -0.892 100.650 -1.048
201712 -4.300 101.850 -4.992
201812 0.431 103.470 0.492
201912 -0.660 104.980 -0.743
202012 1.844 104.960 2.077
202112 1.355 107.850 1.485
202212 -1.320 114.160 -1.367
202312 1.442 118.230 1.442

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.


Patrimoine et Commerce  (XPAR:PAT) 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.


Patrimoine et Commerce Cyclically Adjusted Price-to-FCF Related Terms

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Patrimoine et Commerce (XPAR:PAT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
7/9 rue Nationale, Boulogne-Billacourt, FRA, 92100
Patrimoine et Commerce is a real estate company engaged in the acquisition, development, and operation of commercial real estate properties in France. It operates a portfolio of real estate assets located in high-attraction areas in the suburbs or centers of medium-sized cities. The company's property portfolio includes shopping malls, supermarkets, shops, and business parks.

Patrimoine et Commerce (XPAR:PAT) Headlines

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