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Omega Healthcare Investors (Omega Healthcare Investors) Cyclically Adjusted FCF per Share : $2.76 (As of Dec. 2023)


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What is Omega Healthcare Investors Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Omega Healthcare Investors's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.643. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $2.76 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Omega Healthcare Investors's average Cyclically Adjusted FCF Growth Rate was 1.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Omega Healthcare Investors was 49.90% per year. The lowest was -35.40% per year. And the median was 19.65% per year.

As of today (2024-04-27), Omega Healthcare Investors's current stock price is $31.09. Omega Healthcare Investors's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.76. Omega Healthcare Investors's Cyclically Adjusted Price-to-FCF of today is 11.26.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Omega Healthcare Investors was 332.36. The lowest was 9.65. And the median was 24.00.


Omega Healthcare Investors Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Omega Healthcare Investors's Cyclically Adjusted FCF per Share 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.

Omega Healthcare Investors Cyclically Adjusted FCF per Share Chart

Omega Healthcare Investors Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.64 2.22 2.56 2.73 2.76

Omega Healthcare Investors Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 2.73 2.76 2.79 2.79 2.76

Competitive Comparison of Omega Healthcare Investors's Cyclically Adjusted FCF per Share

For the REIT - Healthcare Facilities subindustry, Omega Healthcare Investors'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.


Omega Healthcare Investors's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Omega Healthcare Investors's Cyclically Adjusted Price-to-FCF falls into.



Omega Healthcare Investors Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Omega Healthcare Investors's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.643/129.4194*129.4194
=0.643

Current CPI (Dec. 2023) = 129.4194.

Omega Healthcare Investors Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.625 99.695 0.811
201406 0.696 100.560 0.896
201409 0.723 100.428 0.932
201412 0.607 99.070 0.793
201503 0.723 99.621 0.939
201506 0.410 100.684 0.527
201509 0.002 100.392 0.003
201512 0.545 99.792 0.707
201603 0.559 100.470 0.720
201606 0.749 101.688 0.953
201609 0.751 101.861 0.954
201612 0.696 101.863 0.884
201703 0.470 102.862 0.591
201706 0.587 103.349 0.735
201709 0.676 104.136 0.840
201712 0.642 104.011 0.799
201803 0.149 105.290 0.183
201806 0.589 106.317 0.717
201809 0.455 106.507 0.553
201812 0.520 105.998 0.635
201903 0.371 107.251 0.448
201906 0.504 108.070 0.604
201909 0.517 108.329 0.618
201912 0.467 108.420 0.557
202003 0.475 108.902 0.564
202006 0.731 108.767 0.870
202009 0.711 109.815 0.838
202012 0.778 109.897 0.916
202103 0.693 111.754 0.803
202106 0.791 114.631 0.893
202109 0.465 115.734 0.520
202112 0.621 117.630 0.683
202203 0.515 121.301 0.549
202206 0.697 125.017 0.722
202209 0.686 125.227 0.709
202212 0.632 125.222 0.653
202303 0.458 127.348 0.465
202306 0.692 128.729 0.696
202309 0.668 129.860 0.666
202312 0.643 129.419 0.643

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


Omega Healthcare Investors  (NYSE:OHI) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Omega Healthcare Investors's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=31.09/2.76
=11.26

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Omega Healthcare Investors was 332.36. The lowest was 9.65. And the median was 24.00.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Omega Healthcare Investors Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Omega Healthcare Investors's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Omega Healthcare Investors (Omega Healthcare Investors) Business Description

Industry
Traded in Other Exchanges
Address
303 International Circle, Suite 200, Hunt Valley, MD, USA, 21030
Omega Healthcare Investors Inc is a healthcare facility real estate investment trust that invests in the United States real estate markets. Omega's portfolio focuses on long-term healthcare facilities. The company maintains dual goals of increasing its returns to investors while also maintaining a high level of care for residents. Omega works to obtain contractual rent escalations under long-term leases, along with fixed-rate mortgage loans. The company considers merger and acquisition investment as a component of its operational growth strategy.
Executives
Gail D Makode officer: Chief Legal Officer ONE SOUND SHORE DR, SUITE 304, GREENWICH CT 06830
Kapila K Anand director C/O EXTENDED STAY AMERICA, INC., 11525 N. COMMUNITY HOUSE ROAD, SUITE 100, CHARLOTTE NC 28277
Neal Ballew officer: Chief Accounting Officer 303 INTERNATIONAL CIRCLE, SUITE 200, HUNT VALLEY MD 21030
Burke W Whitman director 13455 NOEL ROAD # 2000, DALLAS TX 75240
Lisa Egbuonu-davis director C/O OMEGA HEALTHCARE INVESTORS, INC., 303 INTERNATIONAL CIRCLE, SUITE 200, HUNT VALLEY MD 21030
Steven J Insoft officer: Chief Corp Development Officer
Daniel J Booth officer: Chief Operating Officer 9690 DEERECO ROAD, SUITE 100, TIMONIUM MD 21093
Robert O Stephenson officer: Chief Financial Officer C/O OMEGA HEALTHCARE INVESTORS, 9690 DEERECO ROAD, SUITE 100, TIMONIUM MD 21093
C Taylor Pickett director, officer: Chief Executive Officer C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Kevin J Jacobs director 7930 JONES BRANCH DRIVE, MCLEAN VA 22102
Michael Ritz officer: Chief Accounting Officer 9690 DEERECO ROAD, SUITE 100, TIMONIUM MD 21131
Craig R Callen director 7902 WESTPARK DR, C/O SUNRISE ASSISTED LIVING, MCLEAN VA 22102
Ben W Perks director
Bernard J Korman director OMEGA HEALTHCARE INVESTORS INC, ANN ARBOR MI 48108
Craig M Bernfield director 303 WEST MADISON STREET, SUITE 2400, CHICAGO IL 60606

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