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Madison Pacific Properties (TSX:MPC) Cyclically Adjusted FCF per Share : C$0.15 (As of Feb. 2024)


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What is Madison Pacific Properties 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.

Madison Pacific Properties's adjusted free cash flow per share for the three months ended in Feb. 2024 was C$-0.438. 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 C$0.15 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Madison Pacific Properties's average Cyclically Adjusted FCF Growth Rate was -21.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 20.10% 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 Madison Pacific Properties was 44.20% per year. The lowest was 7.20% per year. And the median was 26.00% per year.

As of today (2024-06-08), Madison Pacific Properties's current stock price is C$5.71. Madison Pacific Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was C$0.15. Madison Pacific Properties's Cyclically Adjusted Price-to-FCF of today is 38.07.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Madison Pacific Properties was 315.00. The lowest was 20.82. And the median was 38.56.


Madison Pacific Properties Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Madison Pacific Properties'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.

Madison Pacific Properties Cyclically Adjusted FCF per Share Chart

Madison Pacific Properties Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.15 0.18 0.19 0.20

Madison Pacific Properties Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 0.19 0.19 0.20 0.20 0.15

Competitive Comparison of Madison Pacific Properties's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, Madison Pacific Properties'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.


Madison Pacific Properties's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Madison Pacific Properties's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Madison Pacific Properties's Cyclically Adjusted Price-to-FCF falls into.



Madison Pacific Properties 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, Madison Pacific Properties's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=-0.438/125.4675*125.4675
=-0.438

Current CPI (Feb. 2024) = 125.4675.

Madison Pacific Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.052 99.394 0.066
201408 -0.013 99.315 -0.016
201411 0.070 99.078 0.089
201502 0.046 99.078 0.058
201505 0.017 100.263 0.021
201508 0.003 100.579 0.004
201511 0.055 100.421 0.069
201602 0.073 100.421 0.091
201605 0.060 101.765 0.074
201608 0.051 101.686 0.063
201611 0.119 101.607 0.147
201702 0.019 102.476 0.023
201705 0.070 103.108 0.085
201708 0.024 103.108 0.029
201711 0.060 103.740 0.073
201802 0.053 104.688 0.064
201805 0.071 105.399 0.085
201808 0.027 106.031 0.032
201811 0.069 105.478 0.082
201902 0.037 106.268 0.044
201905 0.004 107.927 0.005
201908 0.033 108.085 0.038
201911 0.040 107.769 0.047
202002 0.069 108.559 0.080
202005 0.052 107.532 0.061
202008 0.026 108.243 0.030
202011 0.059 108.796 0.068
202102 0.008 109.745 0.009
202105 0.056 111.404 0.063
202108 0.016 112.668 0.018
202111 0.055 113.932 0.061
202202 0.013 115.986 0.014
202205 0.069 120.016 0.072
202208 0.019 120.569 0.020
202211 0.060 121.675 0.062
202302 -0.014 122.070 -0.014
202305 0.070 124.045 0.071
202308 -0.038 125.389 -0.038
202311 0.088 125.468 0.088
202402 -0.438 125.468 -0.438

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


Madison Pacific Properties  (TSX:MPC) 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.

Madison Pacific Properties's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5.71/0.15
=38.07

* 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 Madison Pacific Properties was 315.00. The lowest was 20.82. And the median was 38.56.


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.


Madison Pacific Properties Cyclically Adjusted FCF per Share Related Terms

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


Madison Pacific Properties (TSX:MPC) Business Description

Traded in Other Exchanges
Address
389 West 6th Avenue, Vancouver, BC, CAN, V5Y 1L1
Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates office, industrial, and commercial real estate properties located in Western Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the Rental of Office, Industrial, Commercial, and multi-family real estate properties located in Canada. The company derives its revenue from rental operations and property management.
Executives
Peter John Bonner Director

Madison Pacific Properties (TSX:MPC) Headlines