GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crown Castle Inc (BSP:C1CI34) » Definitions » Cyclically Adjusted Price-to-FCF

Crown Castle (BSP:C1CI34) Cyclically Adjusted Price-to-FCF : 31.67 (As of May. 23, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Crown Castle Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), Crown Castle's current share price is R$129.22. Crown Castle's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$4.08. Crown Castle's Cyclically Adjusted Price-to-FCF for today is 31.67.

The historical rank and industry rank for Crown Castle's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:C1CI34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 26.42   Med: 66.35   Max: 89.29
Current: 30.38

During the past years, Crown Castle's highest Cyclically Adjusted Price-to-FCF was 89.29. The lowest was 26.42. And the median was 66.35.

BSP:C1CI34's Cyclically Adjusted Price-to-FCF is ranked worse than
82.73% of 388 companies
in the REITs industry
Industry Median: 11.58 vs BSP:C1CI34: 30.38

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.

Crown Castle's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.798. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$4.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Crown Castle Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Crown Castle's Cyclically Adjusted Price-to-FCF 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.

Crown Castle Cyclically Adjusted Price-to-FCF Chart

Crown Castle Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.10 69.33 77.81 44.15 35.30

Crown Castle Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 43.04 35.02 28.24 35.30 32.08

Competitive Comparison of Crown Castle's Cyclically Adjusted Price-to-FCF

For the REIT - Specialty subindustry, Crown Castle'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.


Crown Castle's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Crown Castle Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Crown Castle's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=129.22/4.08
=31.67

* 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.

Crown Castle's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Crown Castle'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)
=0.798/131.7762*131.7762
=0.798

Current CPI (Mar. 2024) = 131.7762.

Crown Castle Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.411 100.560 0.539
201409 0.401 100.428 0.526
201412 0.424 99.070 0.564
201503 0.610 99.621 0.807
201506 0.568 100.684 0.743
201509 0.392 100.392 0.515
201512 0.719 99.792 0.949
201603 0.674 100.470 0.884
201606 0.710 101.688 0.920
201609 0.397 101.861 0.514
201612 0.529 101.863 0.684
201703 0.389 102.862 0.498
201706 0.423 103.349 0.539
201709 0.381 104.136 0.482
201712 0.514 104.011 0.651
201803 0.164 105.290 0.205
201806 0.603 106.317 0.747
201809 0.459 106.507 0.568
201812 0.527 105.998 0.655
201903 0.074 107.251 0.091
201906 0.454 108.070 0.554
201909 0.306 108.329 0.372
201912 0.707 108.420 0.859
202003 0.602 108.902 0.728
202006 1.059 108.767 1.283
202009 0.894 109.815 1.073
202012 1.775 109.897 2.128
202103 0.917 111.754 1.081
202106 1.390 114.631 1.598
202109 1.031 115.734 1.174
202112 1.293 117.630 1.449
202203 0.794 121.301 0.863
202206 1.384 125.017 1.459
202209 1.099 125.227 1.156
202212 1.363 125.222 1.434
202303 0.795 127.348 0.823
202306 2.069 128.729 2.118
202309 0.529 129.860 0.537
202312 1.442 129.419 1.468
202403 0.798 131.776 0.798

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


Crown Castle  (BSP:C1CI34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Crown Castle Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Crown Castle's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Crown Castle (BSP:C1CI34) Business Description

Industry
Traded in Other Exchanges
Address
8020 Katy Freeway, Houston, TX, USA, 77024-1908
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.

Crown Castle (BSP:C1CI34) Headlines

No Headlines