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Equity Lifestyle Properties (Equity Lifestyle Properties) Cyclically Adjusted Price-to-FCF : 40.09 (As of Apr. 27, 2024)


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

As of today (2024-04-27), Equity Lifestyle Properties's current share price is $60.53. Equity Lifestyle Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.51. Equity Lifestyle Properties's Cyclically Adjusted Price-to-FCF for today is 40.09.

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

ELS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.34   Med: 40.44   Max: 66.26
Current: 40.14

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 40.44.

ELS's Cyclically Adjusted Price-to-FCF is ranked worse than
87.44% of 390 companies
in the REITs industry
Industry Median: 11.575 vs ELS: 40.14

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 Dec. 2023 was $0.222. 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 $1.51 for the trailing ten years ended in Dec. 2023.

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 -

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
=60.53/1.51
=40.09

* 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 Dec. 2023 is calculated as:

For example, Equity Lifestyle Properties'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)
=0.222/129.4194*129.4194
=0.222

Current CPI (Dec. 2023) = 129.4194.

Equity Lifestyle Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.456 99.695 0.592
201406 0.282 100.560 0.363
201409 0.283 100.428 0.365
201412 0.193 99.070 0.252
201503 0.506 99.621 0.657
201506 0.407 100.684 0.523
201509 0.281 100.392 0.362
201512 0.216 99.792 0.280
201603 0.431 100.470 0.555
201606 0.281 101.688 0.358
201609 0.302 101.861 0.384
201612 0.245 101.863 0.311
201703 0.481 102.862 0.605
201706 0.376 103.349 0.471
201709 0.300 104.136 0.373
201712 0.193 104.011 0.240
201803 0.478 105.290 0.588
201806 0.308 106.317 0.375
201809 0.251 106.507 0.305
201812 0.189 105.998 0.231
201903 0.396 107.251 0.478
201906 0.248 108.070 0.297
201909 0.189 108.329 0.226
201912 0.135 108.420 0.161
202003 0.425 108.902 0.505
202006 0.279 108.767 0.332
202009 0.365 109.815 0.430
202012 0.227 109.897 0.267
202103 0.605 111.754 0.701
202106 0.481 114.631 0.543
202109 0.209 115.734 0.234
202112 0.285 117.630 0.314
202203 0.480 121.301 0.512
202206 0.408 125.017 0.422
202209 0.234 125.227 0.242
202212 0.038 125.222 0.039
202303 0.502 127.348 0.510
202306 0.101 128.729 0.102
202309 0.356 129.860 0.355
202312 0.222 129.419 0.222

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  (NYSE:ELS) 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 (Equity Lifestyle Properties) Business Description

Traded in Other Exchanges
N/A
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.
Executives
Derrick Burks director C/O EQUITY LIFESTYLE PROPERTIES INC, TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Paul Seavey officer: Sr Vice President & Treasurer C/O EQUITY LIFESTYLE PROPERTIES, INC., TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Freedman Constance director C/O EQUITY LIFESTYLE PROPERTIES, TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Andrew Berkenfield director C/O EQUITY LIFESTYLE PROPERTIES, TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Patrick Waite officer: EVP & Chief Operating Officer C/O EQUITY LIFESTYLE PROPERTIES, INC., TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Marguerite M Nader officer: Vice President-Business Deve. 2S601 AVENUE LA TOURS, OAK BROOK IL 60523
Valerie Henry officer: Chief Accounting Officer C/O EQUITY LIFESTYLE PROPERTIES, INC., TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Roger Maynard officer: Senior Vice President MANUFACTURED HOME COMMUNITIES, INC., 2 N. RIVERSIDE PLAZA #8, CHICAGO IL 60606
Scott R Peppet director 1820 DEER VALLEY ROAD, BOULDER CO 80305
David J Contis director 2 NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Samuel Zell director, 10 percent owner, officer: Chairman of the Board TWO N RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Howard Walker director, officer: Chief Executive Officer MANUFACTURED HOME COMMUNITIES INC, 2 N RIVERSIDE PLAZA 800, CHICAGO IL 60606
Sheli Z Rosenberg director C/O EQUITY GROUP INVESTMENTS, L.L.C., TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Matthew Williams director C/O EQUITY LIFESTYLE PROPERTIES, INC., TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Tao Huang director C/O MORNINGSTAR, INC., 225 WEST WACKER DRIVE, CHICAGO IL 60606

Equity Lifestyle Properties (Equity Lifestyle Properties) Headlines