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SM Prime Holdings (PHS:SMPH) Cyclically Adjusted Price-to-FCF : 17.83 (As of Jun. 06, 2024)


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What is SM Prime Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), SM Prime Holdings's current share price is ₱27.10. SM Prime Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱1.52. SM Prime Holdings's Cyclically Adjusted Price-to-FCF for today is 17.83.

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

PHS:SMPH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.6   Med: 31.38   Max: 43.1
Current: 17.75

During the past years, SM Prime Holdings's highest Cyclically Adjusted Price-to-FCF was 43.10. The lowest was 17.60. And the median was 31.38.

PHS:SMPH's Cyclically Adjusted Price-to-FCF is ranked worse than
63.27% of 697 companies
in the Real Estate industry
Industry Median: 12.17 vs PHS:SMPH: 17.75

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.

SM Prime Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₱0.594. 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 ₱1.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SM Prime Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SM Prime Holdings'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.

SM Prime Holdings Cyclically Adjusted Price-to-FCF Chart

SM Prime Holdings 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 37.77 35.28 28.42 26.43 22.63

SM Prime Holdings 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 23.57 23.06 21.35 22.63 21.57

Competitive Comparison of SM Prime Holdings's Cyclically Adjusted Price-to-FCF

For the Real Estate - Diversified subindustry, SM Prime Holdings'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.


SM Prime Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SM Prime Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where SM Prime Holdings's Cyclically Adjusted Price-to-FCF falls into.



SM Prime Holdings 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.

SM Prime Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=27.10/1.52
=17.83

* 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.

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

For example, SM Prime Holdings'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)
=0.594/131.7762*131.7762
=0.594

Current CPI (Mar. 2024) = 131.7762.

SM Prime Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.276 100.560 0.362
201409 0.131 100.428 0.172
201412 -0.330 99.070 -0.439
201503 0.344 99.621 0.455
201506 0.089 100.684 0.116
201509 0.342 100.392 0.449
201512 0.328 99.792 0.433
201603 0.292 100.470 0.383
201606 0.306 101.688 0.397
201609 0.304 101.861 0.393
201612 0.190 101.863 0.246
201703 0.359 102.862 0.460
201706 0.268 103.349 0.342
201709 0.282 104.136 0.357
201712 0.678 104.011 0.859
201803 0.559 105.290 0.700
201806 0.552 106.317 0.684
201809 0.068 106.507 0.084
201812 0.414 105.998 0.515
201903 0.509 107.251 0.625
201906 0.491 108.070 0.599
201909 0.502 108.329 0.611
201912 0.290 108.420 0.352
202003 0.392 108.902 0.474
202006 -0.065 108.767 -0.079
202009 0.320 109.815 0.384
202012 -0.052 109.897 -0.062
202103 0.267 111.754 0.315
202106 0.130 114.631 0.149
202109 0.261 115.734 0.297
202112 0.405 117.630 0.454
202203 0.279 121.301 0.303
202206 0.113 125.017 0.119
202209 0.287 125.227 0.302
202212 0.532 125.222 0.560
202303 0.457 127.348 0.473
202306 0.457 128.729 0.468
202309 0.642 129.860 0.651
202312 0.591 129.419 0.602
202403 0.594 131.776 0.594

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.


SM Prime Holdings  (PHS:SMPH) 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.


SM Prime Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


SM Prime Holdings (PHS:SMPH) Business Description

Industry
Traded in Other Exchanges
Address
Coral Way cor. J.W. Diokno Boulevard, 10th Floor, Mall of Asia Arena Annex Building, Mall of Asia Complex, Brgy. 76, Zone 10, CBP-1A, Pasay, PHL, 1300
SM Prime Holdings Inc is an integrated property developer in Southeast Asia. Through subsidiaries and business units, it sells affordable condominium units and develops and leases office buildings in Metro Manila. It also houses a unit that develops and manages hotel and convention centers across the Philippines. Residential properties are strategically offered near business and lifestyle districts and provide a host of amenities at prices that cater to the middle market. Malls are the leading revenue provider and are equipped to handle thousands of residents in addition to cinema operations.

SM Prime Holdings (PHS:SMPH) Headlines

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