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LTC Properties (LTC Properties) Cyclically Adjusted Price-to-FCF : 10.45 (As of Jun. 08, 2024)


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What is LTC Properties Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), LTC Properties's current share price is $33.95. LTC Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.25. LTC Properties's Cyclically Adjusted Price-to-FCF for today is 10.45.

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

LTC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.4   Med: 23.87   Max: 34.97
Current: 10.44

During the past years, LTC Properties's highest Cyclically Adjusted Price-to-FCF was 34.97. The lowest was 9.40. And the median was 23.87.

LTC's Cyclically Adjusted Price-to-FCF is ranked better than
55.53% of 389 companies
in the REITs industry
Industry Median: 11.47 vs LTC: 10.44

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.

LTC Properties's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.487. 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 $3.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


LTC Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for LTC 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.

LTC Properties Cyclically Adjusted Price-to-FCF Chart

LTC 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 22.44 15.68 11.17 11.14 9.99

LTC 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 10.93 10.21 9.85 9.99 10.00

Competitive Comparison of LTC Properties's Cyclically Adjusted Price-to-FCF

For the REIT - Healthcare Facilities subindustry, LTC 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.


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

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

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



LTC 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=33.95/3.25
=10.45

* 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.

LTC Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, LTC Properties's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.487/131.7762*131.7762
=0.487

Current CPI (Mar. 2024) = 131.7762.

LTC Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.682 100.560 0.894
201409 0.644 100.428 0.845
201412 0.714 99.070 0.950
201503 0.475 99.621 0.628
201506 0.695 100.684 0.910
201509 0.707 100.392 0.928
201512 0.842 99.792 1.112
201603 0.505 100.470 0.662
201606 0.812 101.688 1.052
201609 0.726 101.861 0.939
201612 0.662 101.863 0.856
201703 0.527 102.862 0.675
201706 0.656 103.349 0.836
201709 0.718 104.136 0.909
201712 0.733 104.011 0.929
201803 0.541 105.290 0.677
201806 0.845 106.317 1.047
201809 0.694 106.507 0.859
201812 0.796 105.998 0.990
201903 0.665 107.251 0.817
201906 0.875 108.070 1.067
201909 0.708 108.329 0.861
201912 0.814 108.420 0.989
202003 0.598 108.902 0.724
202006 0.810 108.767 0.981
202009 0.765 109.815 0.918
202012 0.776 109.897 0.930
202103 0.543 111.754 0.640
202106 0.699 114.631 0.804
202109 0.534 115.734 0.608
202112 0.551 117.630 0.617
202203 0.472 121.301 0.513
202206 0.753 125.017 0.794
202209 0.600 125.227 0.631
202212 0.808 125.222 0.850
202303 0.438 127.348 0.453
202306 0.691 128.729 0.707
202309 0.786 129.860 0.798
202312 0.608 129.419 0.619
202403 0.487 131.776 0.487

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.


LTC Properties  (NYSE:LTC) 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.


LTC Properties Cyclically Adjusted Price-to-FCF Related Terms

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


LTC Properties (LTC Properties) Business Description

Industry
Traded in Other Exchanges
Address
2829 Townsgate Road, Suite 350, Westlake Village, CA, USA, 91361
LTC Properties Inc is a healthcare facility real estate investment trust. The company operates one segment that works to invest in healthcare facilities through mortgage loans, property lease transactions, and other investments. LTC generates all of its revenue in the United States. LTC is an active capital provider in the seniors housing and healthcare real estate industry. The company has been actively engaged with its operating partners to create a growing pipeline of projects.
Executives
Boyd W Hendrickson director 22917 PACIFIC COAST HWY, SUITE 350, MALIBU CA 90265
Pamela Shelley-kessler officer: VP & Controller 300 ESPLANADE DR #1860, OXNARD CA 93036
David L Gruber director 2829 TOWNSGATE RD, STE 350, WESTLAKE VILLAGE CA 91361
Wendy Simpson director, officer: CFO & Treasurer 300 ESPLANADE DR #1860, OXNARD CA 93036
Caroline Wong officer: VP, Controller & Treasurer 2829 TOWNSGATE RD, SUITE 350, WESTLAKE VILLAGE CA 91361
Timothy Triche director 2358 NORTH VERMONT AVE, LOS ANGELES CA 90027
Cheng Cornelia director 2829 TOWNSGATE RD, STE 350, STE 350, WESTLAKE VILLAGE CA 91361
James Pieczynski director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Clint B Malin officer: VP & CIO 22917 PACIFIC COAST HWY, SUITE 350, MALIBU CA 90265
Brent P. Chappell officer: SVP, Inv. & Portfolio Mgmt 2829 TOWNSGATE RD #350, WESTLAKE VILLAGE CA 91361
Edmund King director 258 VINEYARD LANE, MESQUITE NV 89027
Thomas Andrew Stokes officer: VP, Marketing/Strat. Planning 31365 OAK CREST DRIVE, SUITE 200, WESTLAKE VILLAGE CA 91361
Peter G Lyew officer: VP, Director of Taxes 31365 OAK CREST DRVE, SUITE 200, WESTLAKE VILLAGE CA 91361
Andre C Dimitriadis director, officer: CEO and President 9955 SE WASHINTON, SUITE 201, PORTLAND OR 97216
Devra G Shapiro director C/O IPC THE HOSPITALIST COMPANY, INC., 4605 LANKERSHIM BLVD SUITE 617, NORTH HOLLYWOOD CA 91602