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Starts Proceed Investment (TSE:8979) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2024)


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What is Starts Proceed Investment Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Starts Proceed Investment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Starts Proceed Investment'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.

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Starts Proceed Investment Cyclically Adjusted Price-to-FCF Chart

Starts Proceed Investment Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
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Starts Proceed Investment Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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Competitive Comparison of Starts Proceed Investment's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, Starts Proceed Investment'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.


Starts Proceed Investment's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Starts Proceed Investment's Cyclically Adjusted Price-to-FCF falls into.



Starts Proceed Investment 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.

Starts Proceed Investment's Cyclically Adjusted FCF per Share for the fiscal year that ended in Oct23 is calculated as:

For example, Starts Proceed Investment's adjusted Free Cash Flow per Share data for the fiscal year that ended in Oct23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Oct23 (Change)*Current CPI (Oct23)
=-34531.099/107.1000*107.1000
=-34,531.099

Current CPI (Oct23) = 107.1000.

Starts Proceed Investment Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201410 10,514.993 98.200 11,467.981
201510 -44,428.115 98.500 -48,307.118
201610 7,830.983 98.600 8,506.068
201710 -81,580.468 98.800 -88,433.888
201810 -11,645.977 100.200 -12,447.945
201910 11,375.933 100.400 12,135.084
202010 9,940.028 99.800 10,667.104
202110 10,670.150 99.900 11,439.170
202210 9,085.492 103.700 9,383.377
202310 -34,531.099 107.100 -34,531.099

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.


Starts Proceed Investment  (TSE:8979) 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.


Starts Proceed Investment Cyclically Adjusted Price-to-FCF Related Terms

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Starts Proceed Investment (TSE:8979) Business Description

Traded in Other Exchanges
N/A
Address
3-2-9 Nihonbashi, Chuo-ku, Tokyo, JPN
Starts Proceed Investment Corp operates as a REIT in Japan. The Company invests in lease real estate properties, short-term leasing apartments, and special feature business hotel.

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