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LEG Immobilien SE (STU:LEG) Cyclically Adjusted FCF per Share : €4.41 (As of Mar. 2024)


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What is LEG Immobilien SE 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.

LEG Immobilien SE's adjusted free cash flow per share for the three months ended in Mar. 2024 was €1.630. 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 €4.41 for the trailing ten years ended in Mar. 2024.

During the past 12 months, LEG Immobilien SE's average Cyclically Adjusted FCF Growth Rate was 7.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.60% 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 LEG Immobilien SE was 7.60% per year. The lowest was 7.60% per year. And the median was 7.60% per year.

As of today (2024-06-02), LEG Immobilien SE's current stock price is €81.22. LEG Immobilien SE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.41. LEG Immobilien SE's Cyclically Adjusted Price-to-FCF of today is 18.42.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of LEG Immobilien SE was 37.89. The lowest was 11.94. And the median was 21.59.


LEG Immobilien SE Cyclically Adjusted FCF per Share Historical Data

The historical data trend for LEG Immobilien SE'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.

LEG Immobilien SE Cyclically Adjusted FCF per Share Chart

LEG Immobilien SE 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 - 3.50 3.72 3.92 4.34

LEG Immobilien SE 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 4.16 4.30 4.30 4.34 4.41

Competitive Comparison of LEG Immobilien SE's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, LEG Immobilien SE'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.


LEG Immobilien SE's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, LEG Immobilien SE's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where LEG Immobilien SE's Cyclically Adjusted Price-to-FCF falls into.



LEG Immobilien SE 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, LEG Immobilien SE'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)
=1.63/125.0381*125.0381
=1.630

Current CPI (Mar. 2024) = 125.0381.

LEG Immobilien SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.162 99.543 0.203
201409 0.804 99.823 1.007
201412 0.862 99.543 1.083
201503 0.898 99.717 1.126
201506 0.280 100.417 0.349
201509 0.874 100.417 1.088
201512 0.540 99.717 0.677
201603 1.003 100.017 1.254
201606 0.319 100.717 0.396
201609 0.880 101.017 1.089
201612 0.705 101.217 0.871
201703 1.187 101.417 1.463
201706 0.488 102.117 0.598
201709 1.216 102.717 1.480
201712 0.981 102.617 1.195
201803 1.117 102.917 1.357
201806 0.717 104.017 0.862
201809 1.250 104.718 1.493
201812 1.031 104.217 1.237
201903 1.319 104.217 1.583
201906 0.830 105.718 0.982
201909 0.995 106.018 1.174
201912 1.275 105.818 1.507
202003 0.986 105.718 1.166
202006 0.957 106.618 1.122
202009 1.059 105.818 1.251
202012 1.019 105.518 1.208
202103 1.208 107.518 1.405
202106 1.193 108.486 1.375
202109 0.850 109.435 0.971
202112 1.144 110.384 1.296
202203 0.768 113.968 0.843
202206 0.752 115.760 0.812
202209 0.820 118.818 0.863
202212 1.179 119.345 1.235
202303 1.527 122.402 1.560
202306 1.786 123.140 1.814
202309 0.553 124.195 0.557
202312 1.316 123.773 1.329
202403 1.630 125.038 1.630

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


LEG Immobilien SE  (STU:LEG) 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.

LEG Immobilien SE's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=81.22/4.41
=18.42

* 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 LEG Immobilien SE was 37.89. The lowest was 11.94. And the median was 21.59.


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.


LEG Immobilien SE Cyclically Adjusted FCF per Share Related Terms

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


LEG Immobilien SE (STU:LEG) Business Description

Industry
Traded in Other Exchanges
Address
Flughafenstrasse 99, Dusseldorf, NW, DEU, D-40474
LEG Immobilien SE is a general real estate company. The company's portfolio consists primarily of residential units, followed by garages, parking spaces, and commercial units. The business model is supplemented by the targeted development of innovative value-added services. LEG is primarily focused on the German market of the North Rhine-Westphalia region. The company divides its portfolio into three groups: high growth markets, stable markets, and higher-yielding markets. LEG considers merger and acquisition investment as a potential component of its operational growth strategy.

LEG Immobilien SE (STU:LEG) Headlines

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