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Saul Centers (FRA:SA4) Cyclically Adjusted FCF per Share : €4.83 (As of Mar. 2024)


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What is Saul Centers 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.

Saul Centers's adjusted free cash flow per share for the three months ended in Mar. 2024 was €1.292. 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 €4.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Saul Centers's average Cyclically Adjusted FCF Growth Rate was 1.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 16.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 18.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 25.80% 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 Saul Centers was 144.40% per year. The lowest was -47.20% per year. And the median was 17.20% per year.

As of today (2024-06-07), Saul Centers's current stock price is €33.40. Saul Centers's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.83. Saul Centers's Cyclically Adjusted Price-to-FCF of today is 6.92.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Saul Centers was 297.47. The lowest was 6.43. And the median was 21.68.


Saul Centers Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Saul Centers'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.

Saul Centers Cyclically Adjusted FCF per Share Chart

Saul Centers 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 2.29 2.68 4.25 4.71 4.77

Saul Centers Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.75 4.76 4.94 4.77 4.83

Competitive Comparison of Saul Centers's Cyclically Adjusted FCF per Share

For the REIT - Retail subindustry, Saul Centers'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.


Saul Centers's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Saul Centers 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, Saul Centers's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.292/131.7762*131.7762
=1.292

Current CPI (Mar. 2024) = 131.7762.

Saul Centers Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.668 100.560 0.875
201409 0.869 100.428 1.140
201412 0.789 99.070 1.049
201503 1.014 99.621 1.341
201506 1.065 100.684 1.394
201509 0.684 100.392 0.898
201512 1.041 99.792 1.375
201603 1.318 100.470 1.729
201606 0.919 101.688 1.191
201609 0.688 101.861 0.890
201612 0.814 101.863 1.053
201703 1.348 102.862 1.727
201706 1.061 103.349 1.353
201709 0.638 104.136 0.807
201712 1.105 104.011 1.400
201803 0.941 105.290 1.178
201806 1.072 106.317 1.329
201809 0.807 106.507 0.998
201812 1.374 105.998 1.708
201903 1.225 107.251 1.505
201906 1.239 108.070 1.511
201909 0.717 108.329 0.872
201912 1.289 108.420 1.567
202003 1.012 108.902 1.225
202006 0.597 108.767 0.723
202009 0.546 109.815 0.655
202012 0.756 109.897 0.907
202103 1.241 111.754 1.463
202106 1.120 114.631 1.288
202109 0.802 115.734 0.913
202112 1.092 117.630 1.223
202203 1.071 121.301 1.163
202206 1.046 125.017 1.103
202209 0.758 125.227 0.798
202212 0.809 125.222 0.851
202303 1.403 127.348 1.452
202306 1.251 128.729 1.281
202309 0.450 129.860 0.457
202312 0.879 129.419 0.895
202403 1.292 131.776 1.292

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


Saul Centers  (FRA:SA4) 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.

Saul Centers's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=33.40/4.83
=6.92

* 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 Saul Centers was 297.47. The lowest was 6.43. And the median was 21.68.


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.


Saul Centers Cyclically Adjusted FCF per Share Related Terms

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


Saul Centers (FRA:SA4) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Saul Centers Inc (FRA:SA4) » Definitions » Cyclically Adjusted FCF per Share
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Address
7501 Wisconsin Avenue, Suite 1500E, Bethesda, MD, USA, 20814-6522
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates, and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are primarily located in the Washington, D.C. and Maryland metropolitan areas. Saul Centers operates through two business segments: shopping centers, which contribute the maximum portion of total revenue; and mixed-use properties. Major tenants include grocery stores, discount department stores, and drug stores.

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