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Diversified Healthcare Trust (Diversified Healthcare Trust) Cyclically Adjusted FCF per Share : $1.28 (As of Dec. 2023)


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What is Diversified Healthcare Trust Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Diversified Healthcare Trust's adjusted free cash flow per share for the three months ended in Dec. 2023 was $-0.030. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $1.28 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Diversified Healthcare Trust's average Cyclically Adjusted FCF Growth Rate was -11.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 0.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -0.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -0.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Diversified Healthcare Trust was 11.80% per year. The lowest was -90.00% per year. And the median was 0.50% per year.

As of today (2024-05-03), Diversified Healthcare Trust's current stock price is $2.43. Diversified Healthcare Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.28. Diversified Healthcare Trust's Cyclically Adjusted Price-to-FCF of today is 1.90.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Diversified Healthcare Trust was 24.34. The lowest was 0.44. And the median was 9.54.


Diversified Healthcare Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Diversified Healthcare Trust's Cyclically Adjusted FCF per Share 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.

Diversified Healthcare Trust Cyclically Adjusted FCF per Share Chart

Diversified Healthcare Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 1.26 1.57 1.44 1.28

Diversified Healthcare 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 FCF per Share 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 1.44 1.41 1.39 1.32 1.28

Competitive Comparison of Diversified Healthcare Trust's Cyclically Adjusted FCF per Share

For the REIT - Healthcare Facilities subindustry, Diversified Healthcare 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.


Diversified Healthcare Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Diversified Healthcare Trust Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Diversified Healthcare 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)
=-0.03/129.4194*129.4194
=-0.030

Current CPI (Dec. 2023) = 129.4194.

Diversified Healthcare Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.479 99.695 0.622
201406 0.445 100.560 0.573
201409 0.503 100.428 0.648
201412 0.340 99.070 0.444
201503 0.477 99.621 0.620
201506 0.471 100.684 0.605
201509 0.440 100.392 0.567
201512 0.357 99.792 0.463
201603 0.517 100.470 0.666
201606 0.393 101.688 0.500
201609 0.532 101.861 0.676
201612 0.346 101.863 0.440
201703 0.480 102.862 0.604
201706 0.410 103.349 0.513
201709 0.519 104.136 0.645
201712 0.356 104.011 0.443
201803 0.354 105.290 0.435
201806 0.400 106.317 0.487
201809 0.450 106.507 0.547
201812 0.450 105.998 0.549
201903 0.175 107.251 0.211
201906 0.355 108.070 0.425
201909 0.294 108.329 0.351
201912 0.295 108.420 0.352
202003 0.237 108.902 0.282
202006 0.229 108.767 0.272
202009 0.203 109.815 0.239
202012 -0.002 109.897 -0.002
202103 0.146 111.754 0.169
202106 -0.033 114.631 -0.037
202109 -0.169 115.734 -0.189
202112 -0.210 117.630 -0.231
202203 -0.030 121.301 -0.032
202206 -0.103 125.017 -0.107
202209 -0.021 125.227 -0.022
202212 -0.014 125.222 -0.014
202303 0.025 127.348 0.025
202306 0.108 128.729 0.109
202309 -0.059 129.860 -0.059
202312 -0.030 129.419 -0.030

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Diversified Healthcare Trust  (NAS:DHC) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Diversified Healthcare Trust's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.43/1.28
=1.90

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Diversified Healthcare Trust was 24.34. The lowest was 0.44. And the median was 9.54.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Diversified Healthcare Trust Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Diversified Healthcare Trust's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Diversified Healthcare Trust (Diversified Healthcare Trust) Business Description

Industry
Traded in Other Exchanges
Address
255 Washington Street, Suite 300, Two Newton Place, Newton, MA, USA, 02458-1634
Diversified Healthcare Trust is a real estate investment trust that focuses on healthcare-related properties, including life science estates, medical offices, and senior living communities. It acquires and owns properties and is engaged in the development and implementation of medical services and technologies. It operates through two segments: its office portfolio and its senior housing operating portfolio. The office portfolio includes medical office properties leased to medical-related businesses and life sciences properties. The SHOP segment runs communities that offer multiple types of residential care, ranging from independent living to nursing services. DHT operates across the United States and the majority of its revenue derives from rents and medical programs.
Executives
Matthew C. Brown officer: CFO and Treasurer C/O OFFICE PROPERTIES INCOME TRUST, TWO NEWTON PLACE, 255 WASHINGTON STREET, NEWTON MA 02458
Phyllis M. Hollis director TWO NEWTON PLACE, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458-1634
David A Pierce director BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
John L Harrington director C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Daniel F. Lepage director C/O THE RMR GROUP LLC, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458
Jennifer F. Mintzer officer: President and COO C/O DIVERSIFIED HEALTHCARE TRUST, TWO NEWTON PL., 255 WASHINGTON STREET, NEWTON MA 02458
Jennifer B Clark director
Siedel Richard W. Jr. officer: Treasurer and C.F.O. C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Lisa Harris Jones director C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Jeffrey P. Somers director C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Doyle Richard A Jr officer: Treasurer and CFO C/O FIVE STAR QUALITY CARE, INC., 400 CENTRE STREET, NEWTON MA 02458
Adam D. Portnoy director C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
John R Hoadley officer: Treasurer & CFO
David J Hegarty officer: President & COO C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Frank J Bailey director C/O REIT MANAGEMENT & RESEARCH LLC, 400 CENTRE STREET, NEWTON MA 02458

Diversified Healthcare Trust (Diversified Healthcare Trust) Headlines

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