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Property & Building (XTAE:PTBL) Cyclically Adjusted FCF per Share : ₪60.19 (As of Dec. 2023)


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What is Property & Building 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.

Property & Building's adjusted free cash flow per share for the three months ended in Dec. 2023 was ₪30.287. 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 ₪60.19 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Property & Building's average Cyclically Adjusted FCF Growth Rate was 13.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.10% 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 Property & Building was 14.10% per year. The lowest was 14.10% per year. And the median was 14.10% per year.

As of today (2024-06-11), Property & Building's current stock price is ₪170.60. Property & Building's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₪60.19. Property & Building's Cyclically Adjusted Price-to-FCF of today is 2.83.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Property & Building was 11.02. The lowest was 2.15. And the median was 5.80.


Property & Building Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Property & Building'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.

Property & Building Cyclically Adjusted FCF per Share Chart

Property & Building 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 - 40.53 42.65 52.89 60.19

Property & Building 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 52.89 50.76 51.61 55.04 60.19

Competitive Comparison of Property & Building's Cyclically Adjusted FCF per Share

For the Real Estate - Diversified subindustry, Property & Building'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.


Property & Building's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Property & Building's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Property & Building's Cyclically Adjusted Price-to-FCF falls into.



Property & Building 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, Property & Building'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)
=30.287/129.4194*129.4194
=30.287

Current CPI (Dec. 2023) = 129.4194.

Property & Building Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.475 99.695 -0.617
201406 -0.795 100.560 -1.023
201409 5.133 100.428 6.615
201412 6.894 99.070 9.006
201503 5.389 99.621 7.001
201506 9.973 100.684 12.819
201509 10.562 100.392 13.616
201512 13.407 99.792 17.387
201603 11.254 100.470 14.497
201606 5.304 101.688 6.750
201609 0.948 101.861 1.204
201612 19.039 101.863 24.190
201703 14.324 102.862 18.022
201706 6.893 103.349 8.632
201709 9.882 104.136 12.281
201712 14.585 104.011 18.148
201803 14.767 105.290 18.151
201806 12.763 106.317 15.536
201809 22.790 106.507 27.693
201812 -24.359 105.998 -29.741
201903 31.270 107.251 37.734
201906 36.919 108.070 44.213
201909 33.793 108.329 40.372
201912 0.635 108.420 0.758
202003 20.444 108.902 24.296
202006 4.279 108.767 5.091
202009 12.139 109.815 14.306
202012 3.291 109.897 3.876
202103 21.076 111.754 24.407
202106 1.977 114.631 2.232
202109 6.096 115.734 6.817
202112 6.196 117.630 6.817
202203 21.654 121.301 23.103
202206 26.037 125.017 26.954
202209 20.881 125.227 21.580
202212 48.623 125.222 50.253
202303 -14.885 127.348 -15.127
202306 19.023 128.729 19.125
202309 34.800 129.860 34.682
202312 30.287 129.419 30.287

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


Property & Building  (XTAE:PTBL) 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.

Property & Building's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=170.60/60.19
=2.83

* 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 Property & Building was 11.02. The lowest was 2.15. And the median was 5.80.


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.


Property & Building Cyclically Adjusted FCF per Share Related Terms

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


Property & Building (XTAE:PTBL) Business Description

Traded in Other Exchanges
N/A
Address
114 Yigal Alon Street, ToHa Tower, 27th Floor, Tel Aviv, ISR, 6744130
Property & Building Corp Ltd is an Israel-based construction company. Its principal activities are an investment in income-producing properties, Gav-Yam and residential construction in Israel and other regions, such as the United States, India, Eastern Europe, Western Europe, and the United Kingdom. PBC invests in various fields of real estate, agriculture, leisure, and sports. The company operates the real estate business through the company itself and through its subsidiaries, including Bayside Land, Hadarim Properties, Naveh-Gad Building Development, Israeli Properties Rental, and others.

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