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Simon Property Group (Simon Property Group) Cyclically Adjusted Price-to-FCF : 14.42 (As of Apr. 28, 2024)


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What is Simon Property Group Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Simon Property Group's current share price is $142.36. Simon Property Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $9.87. Simon Property Group's Cyclically Adjusted Price-to-FCF for today is 14.42.

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

SPG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.07   Med: 24.42   Max: 44.64
Current: 14.43

During the past years, Simon Property Group's highest Cyclically Adjusted Price-to-FCF was 44.64. The lowest was 6.07. And the median was 24.42.

SPG's Cyclically Adjusted Price-to-FCF is ranked worse than
60.26% of 390 companies
in the REITs industry
Industry Median: 11.545 vs SPG: 14.43

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.

Simon Property Group's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $2.634. 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 $9.87 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Simon Property Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Simon Property Group'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.

Simon Property Group Cyclically Adjusted Price-to-FCF Chart

Simon Property Group 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 19.46 11.02 18.59 12.53 14.45

Simon Property Group 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 12.53 11.67 11.82 10.94 14.45

Competitive Comparison of Simon Property Group's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Simon Property Group'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.


Simon Property Group's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Simon Property Group 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.

Simon Property Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=142.36/9.87
=14.42

* 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.

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

For example, Simon Property Group'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)
=2.634/129.4194*129.4194
=2.634

Current CPI (Dec. 2023) = 129.4194.

Simon Property Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.461 99.695 1.897
201406 1.452 100.560 1.869
201409 1.802 100.428 2.322
201412 1.508 99.070 1.970
201503 1.432 99.621 1.860
201506 1.767 100.684 2.271
201509 1.460 100.392 1.882
201512 1.803 99.792 2.338
201603 1.718 100.470 2.213
201606 2.486 101.688 3.164
201609 2.053 101.861 2.608
201612 1.972 101.863 2.505
201703 2.037 102.862 2.563
201706 2.739 103.349 3.430
201709 2.385 104.136 2.964
201712 2.025 104.011 2.520
201803 2.160 105.290 2.655
201806 2.687 106.317 3.271
201809 2.144 106.507 2.605
201812 2.598 105.998 3.172
201903 2.008 107.251 2.423
201906 2.798 108.070 3.351
201909 2.412 108.329 2.882
201912 2.302 108.420 2.748
202003 1.723 108.902 2.048
202006 -0.168 108.767 -0.200
202009 1.827 109.815 2.153
202012 2.548 109.897 3.001
202103 2.316 111.754 2.682
202106 2.703 114.631 3.052
202109 2.081 115.734 2.327
202112 2.363 117.630 2.600
202203 1.939 121.301 2.069
202206 2.881 125.017 2.982
202209 2.400 125.227 2.480
202212 2.286 125.222 2.363
202303 2.027 127.348 2.060
202306 2.776 128.729 2.791
202309 2.165 129.860 2.158
202312 2.634 129.419 2.634

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.


Simon Property Group  (NYSE:SPG) 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.


Simon Property Group Cyclically Adjusted Price-to-FCF Related Terms

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


Simon Property Group (Simon Property Group) Business Description

Industry
Address
225 West Washington Street, Indianapolis, IN, USA, 46204
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.
Executives
Larry C Glasscock director SYSCO CORPORATION, 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Randall J Lewis director WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Allan B Hubbard director ANTHEM INC., 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Glyn Aeppel director 6 WHIPPOORWILL LANE, WESTPORT CT 06880
Gary M Rodkin director 700 ANDERSON HILL RD, PURCHASE NJ 10577
Reuben S Leibowitz director 466 LEXINGTON AVENUE 10TH FL, NEW YORK NY 10017
Marta R Stewart director C/O NORFOLK SOUTHERN CORP, THREE COMMERCIAL PL, NORFOLK VA 23510-9219
Daniel C. Smith director 3000 GODFREY GRADUATE AND EXECUTIVE CTR., 1275 EAST TENTH STREET, BLOOMINGTON IN 47405-1703
Stefan M Selig director 2 EAST 70TH STREET, NEW YORK NY 10021
Peggy Fang Roe director 100 COMMERCE LANE, APT. 1401, BETHESDA MD 20814
Karen N Horn director
Smith J Albert Jr director 111 MONUMENT CIRCLE, IN1-0175, INDIANAPOLIS IN 46204
Matthew A Jackson officer: SVP, Assistant Treasurer 225 W. WASHINGTON ST., INDIANAPOLIS IN 46256
Kevin M Kelly officer: Asst. General Counsel/Sec. 225 W. WASHINGTON ST., INDIANAPOLIS IN 46204
Donald G Frey officer: EVP, Treasurer 225 W. WASHINGTON ST., INDIANAPOLIS IN 46204