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Rayonier (Rayonier) Cyclically Adjusted Price-to-FCF : 201.07 (As of Apr. 27, 2024)


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What is Rayonier Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Rayonier's current share price is $30.16. Rayonier's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.15. Rayonier's Cyclically Adjusted Price-to-FCF for today is 201.07.

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

RYN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.9   Med: 30.22   Max: 234.07
Current: 203.18

During the past years, Rayonier's highest Cyclically Adjusted Price-to-FCF was 234.07. The lowest was 15.90. And the median was 30.22.

RYN's Cyclically Adjusted Price-to-FCF is ranked worse than
98.46% of 390 companies
in the REITs industry
Industry Median: 11.545 vs RYN: 203.18

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.

Rayonier's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.404. 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 $0.15 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rayonier Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Rayonier'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.

Rayonier Cyclically Adjusted Price-to-FCF Chart

Rayonier 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 36.56 45.58 51.90 70.21 225.37

Rayonier Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 70.21 74.51 81.53 75.05 225.37

Competitive Comparison of Rayonier's Cyclically Adjusted Price-to-FCF

For the REIT - Specialty subindustry, Rayonier'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.


Rayonier's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Rayonier 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.

Rayonier's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=30.16/0.15
=201.07

* 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.

Rayonier's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Rayonier'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)
=0.404/129.4194*129.4194
=0.404

Current CPI (Dec. 2023) = 129.4194.

Rayonier Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.427 99.695 0.554
201406 0.498 100.560 0.641
201409 0.192 100.428 0.247
201412 -0.154 99.070 -0.201
201503 0.134 99.621 0.174
201506 -0.358 100.684 -0.460
201509 0.363 100.392 0.468
201512 0.026 99.792 0.034
201603 0.026 100.470 0.033
201606 -1.874 101.688 -2.385
201609 -0.058 101.861 -0.074
201612 0.052 101.863 0.066
201703 0.046 102.862 0.058
201706 -1.162 103.349 -1.455
201709 0.314 104.136 0.390
201712 0.355 104.011 0.442
201803 0.502 105.290 0.617
201806 0.458 106.317 0.558
201809 0.412 106.507 0.501
201812 0.094 105.998 0.115
201903 0.343 107.251 0.414
201906 0.128 108.070 0.153
201909 -0.186 108.329 -0.222
201912 -0.224 108.420 -0.267
202003 -0.094 108.902 -0.112
202006 0.302 108.767 0.359
202009 0.293 109.815 0.345
202012 0.312 109.897 0.367
202103 0.057 111.754 0.066
202106 0.503 114.631 0.568
202109 0.666 115.734 0.745
202112 -0.729 117.630 -0.802
202203 0.209 121.301 0.223
202206 0.557 125.017 0.577
202209 0.289 125.227 0.299
202212 -2.806 125.222 -2.900
202303 0.241 127.348 0.245
202306 0.290 128.729 0.292
202309 0.408 129.860 0.407
202312 0.404 129.419 0.404

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.


Rayonier  (NYSE:RYN) 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.


Rayonier Cyclically Adjusted Price-to-FCF Related Terms

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


Rayonier (Rayonier) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Rayonier Inc (NYSE:RYN) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
1 Rayonier Way, Wildlight, FL, USA, 32097
Rayonier owns and manages over 2 million acres of timberland in the United States. It is one the largest private landowners in North America. The firm also owns timberland in New Zealand. Rayonier is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities.
Executives
David L Nunes director, officer: Chief Executive Officer 1 RAYONIER WAY, WILDLIGHT FL 32097
Shelby L Pyatt officer: VP, Human Resources 1 RAYONIER WAY, YULEE FL 32097
Gregg A Gonsalves director C/O CEDAR REALTY TRUST, INC., 44 SOUTH BAYLES AVENUE, PORT WASHINGTON NY 11050
Mark Mchugh officer: Chief Financial Officer 1 RAYONIER WAY, YULEE FL 32097
Meridee Moore director
Douglas M Long officer: SVP, Forest Resources 1 RAYONIER WAY, WILDLIGHT FL 32097
April J. Tice officer: V.P. Corp Controller 1 RAYONIER WAY, YULEE FL 32097
Mark R Bridwell officer: VP, GC and Secretary 1 RAYONIER WAY, WILDLIGHT FL 32097
W. Rhett Rogers officer: VP, Portfolio Management 1 RAYONIER WAY, YULEE FL 32097
Matthew Justice Rivers director 1 RAYONIER WAY, WILDLIGHT FL 32097
Blanche L Lincoln director C/O ENTERGY CORPORATION LEGAL DEPARTMENT, 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Dod A Fraser director 1 RAYONIER WAY, YULEE FL 32097
Keith E Bass director 6208 BLAKEFORD DRIVE, WINDERMERE FL 34786
V. Larkin Martin director 1 RAYONIER WAY, YULEE FL 32097
Scott R. Jones director 1 RAYONIER WAY, YULEE FL 32097

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