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Farmland Partners (FRA:0FA) Cyclically Adjusted Price-to-FCF : 17.05 (As of Jun. 10, 2024)


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What is Farmland Partners Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Farmland Partners's current share price is €9.89. Farmland Partners's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.58. Farmland Partners's Cyclically Adjusted Price-to-FCF for today is 17.05.

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

FRA:0FA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.67   Med: 19.38   Max: 26.81
Current: 17.22

During the past years, Farmland Partners's highest Cyclically Adjusted Price-to-FCF was 26.81. The lowest was 16.67. And the median was 19.38.

FRA:0FA's Cyclically Adjusted Price-to-FCF is ranked worse than
67.61% of 389 companies
in the REITs industry
Industry Median: 11.36 vs FRA:0FA: 17.22

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.

Farmland Partners's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.229. 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 €0.58 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Farmland Partners Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Farmland Partners'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.

Farmland Partners Cyclically Adjusted Price-to-FCF Chart

Farmland Partners 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 - - - 23.34 21.24

Farmland Partners 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 18.53 21.17 17.26 21.24 17.68

Competitive Comparison of Farmland Partners's Cyclically Adjusted Price-to-FCF

For the REIT - Specialty subindustry, Farmland Partners'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.


Farmland Partners's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Farmland Partners 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.

Farmland Partners's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.89/0.58
=17.05

* 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.

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

For example, Farmland Partners'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)
=0.229/131.7762*131.7762
=0.229

Current CPI (Mar. 2024) = 131.7762.

Farmland Partners Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.557 100.560 0.730
201409 -0.070 100.428 -0.092
201412 0.012 99.070 0.016
201503 0.607 99.621 0.803
201506 0.518 100.684 0.678
201509 -0.071 100.392 -0.093
201512 -0.074 99.792 -0.098
201603 0.439 100.470 0.576
201606 -0.058 101.688 -0.075
201609 -0.088 101.861 -0.114
201612 0.091 101.863 0.118
201703 -0.091 102.862 -0.117
201706 0.025 103.349 0.032
201709 -0.043 104.136 -0.054
201712 0.112 104.011 0.142
201803 0.370 105.290 0.463
201806 -0.026 106.317 -0.032
201809 -0.013 106.507 -0.016
201812 0.181 105.998 0.225
201903 0.398 107.251 0.489
201906 -0.031 108.070 -0.038
201909 -0.159 108.329 -0.193
201912 0.334 108.420 0.406
202003 0.394 108.902 0.477
202006 -0.087 108.767 -0.105
202009 0.005 109.815 0.006
202012 0.268 109.897 0.321
202103 0.315 111.754 0.371
202106 -0.085 114.631 -0.098
202109 -0.182 115.734 -0.207
202112 0.132 117.630 0.148
202203 0.204 121.301 0.222
202206 -0.035 125.017 -0.037
202209 0.006 125.227 0.006
202212 0.145 125.222 0.153
202303 0.274 127.348 0.284
202306 -0.101 128.729 -0.103
202309 -0.071 129.860 -0.072
202312 0.082 129.419 0.083
202403 0.229 131.776 0.229

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.


Farmland Partners  (FRA:0FA) 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.


Farmland Partners Cyclically Adjusted Price-to-FCF Related Terms

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


Farmland Partners (FRA:0FA) Business Description

Industry
Traded in Other Exchanges
Address
4600 South Syracuse Street, Suite 1450, Denver, CO, USA, 80237
Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company and owns and contracts of farmland and storage facilities located across the United States. Its properties are farmed by over 100 tenants growing more than 26 commercial crops. Farmland Partners generates its revenues through the rent it receives from its tenants.

Farmland Partners (FRA:0FA) Headlines

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