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Equity Lifestyle Properties (FRA:MHV) Cyclically Adjusted Price-to-FCF : 39.44 (As of May. 28, 2024)


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What is Equity Lifestyle Properties Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), Equity Lifestyle Properties's current share price is €56.00. Equity Lifestyle Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.42. Equity Lifestyle Properties's Cyclically Adjusted Price-to-FCF for today is 39.44.

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

FRA:MHV' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.34   Med: 40.5   Max: 66.26
Current: 39.93

During the past years, Equity Lifestyle Properties's highest Cyclically Adjusted Price-to-FCF was 66.26. The lowest was 20.34. And the median was 40.50.

FRA:MHV's Cyclically Adjusted Price-to-FCF is ranked worse than
87.63% of 388 companies
in the REITs industry
Industry Median: 11.305 vs FRA:MHV: 39.93

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.

Equity Lifestyle Properties's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.678. 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 €1.42 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Equity Lifestyle Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Equity Lifestyle Properties'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.

Equity Lifestyle Properties Cyclically Adjusted Price-to-FCF Chart

Equity Lifestyle Properties 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 59.84 51.67 63.31 43.73 46.77

Equity Lifestyle Properties 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 44.51 44.42 41.89 46.77 41.58

Competitive Comparison of Equity Lifestyle Properties's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, Equity Lifestyle 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.


Equity Lifestyle Properties's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Equity Lifestyle Properties 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.

Equity Lifestyle Properties's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=56.00/1.42
=39.44

* 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.

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

For example, Equity Lifestyle Properties'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)
=0.678/131.7762*131.7762
=0.678

Current CPI (Mar. 2024) = 131.7762.

Equity Lifestyle Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.208 100.560 0.273
201409 0.220 100.428 0.289
201412 0.156 99.070 0.208
201503 0.468 99.621 0.619
201506 0.362 100.684 0.474
201509 0.250 100.392 0.328
201512 0.198 99.792 0.261
201603 0.387 100.470 0.508
201606 0.250 101.688 0.324
201609 0.269 101.861 0.348
201612 0.233 101.863 0.301
201703 0.450 102.862 0.576
201706 0.335 103.349 0.427
201709 0.251 104.136 0.318
201712 0.164 104.011 0.208
201803 0.388 105.290 0.486
201806 0.263 106.317 0.326
201809 0.215 106.507 0.266
201812 0.166 105.998 0.206
201903 0.350 107.251 0.430
201906 0.219 108.070 0.267
201909 0.171 108.329 0.208
201912 0.121 108.420 0.147
202003 0.385 108.902 0.466
202006 0.247 108.767 0.299
202009 0.310 109.815 0.372
202012 0.186 109.897 0.223
202103 0.508 111.754 0.599
202106 0.399 114.631 0.459
202109 0.178 115.734 0.203
202112 0.252 117.630 0.282
202203 0.436 121.301 0.474
202206 0.386 125.017 0.407
202209 0.237 125.227 0.249
202212 0.035 125.222 0.037
202303 0.469 127.348 0.485
202306 0.094 128.729 0.096
202309 0.334 129.860 0.339
202312 0.204 129.419 0.208
202403 0.678 131.776 0.678

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.


Equity Lifestyle Properties  (FRA:MHV) 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.


Equity Lifestyle Properties Cyclically Adjusted Price-to-FCF Related Terms

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


Equity Lifestyle Properties (FRA:MHV) Business Description

Traded in Other Exchanges
Address
Two North Riverside Plaza, Suite 800, Chicago, IL, USA, 60606
Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 450 properties across the U.S. with a higher concentration in the Sunbelt region with 34% of the company's properties located in Florida, 11% in California, and 10% in Arizona. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company's properties either being age-restricted or having an average resident age over 55.

Equity Lifestyle Properties (FRA:MHV) Headlines

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