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Marcopolo (BSP:POMO3) Cyclically Adjusted Price-to-FCF : 21.72 (As of May. 20, 2024)


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What is Marcopolo Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Marcopolo's current share price is R$5.43. Marcopolo's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$0.25. Marcopolo's Cyclically Adjusted Price-to-FCF for today is 21.72.

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

BSP:POMO3' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.19   Med: 16.89   Max: 25.35
Current: 21.94

During the past years, Marcopolo's highest Cyclically Adjusted Price-to-FCF was 25.35. The lowest was 10.19. And the median was 16.89.

BSP:POMO3's Cyclically Adjusted Price-to-FCF is ranked better than
59.6% of 99 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 26.56 vs BSP:POMO3: 21.94

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.

Marcopolo's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.155. 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 R$0.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marcopolo Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Marcopolo'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.

Marcopolo Cyclically Adjusted Price-to-FCF Chart

Marcopolo 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 21.10 14.48 16.19 13.15 19.38

Marcopolo 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 11.79 19.84 18.35 19.38 23.68

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

For the Farm & Heavy Construction Machinery subindustry, Marcopolo'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.


Marcopolo's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Marcopolo's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Marcopolo 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.43/0.25
=21.72

* 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.

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

For example, Marcopolo'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)
=0.155/159.3724*159.3724
=0.155

Current CPI (Mar. 2024) = 159.3724.

Marcopolo Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.065 91.838 0.113
201409 -0.196 92.602 -0.337
201412 0.000 94.194 0.000
201503 0.314 97.799 0.512
201506 -0.150 100.006 -0.239
201509 0.002 101.392 0.003
201512 0.140 104.247 0.214
201603 0.146 106.979 0.218
201606 -0.100 108.851 -0.146
201609 0.331 109.986 0.480
201612 -0.290 110.802 -0.417
201703 -0.036 111.869 -0.051
201706 0.047 112.115 0.067
201709 0.100 112.777 0.141
201712 0.122 114.068 0.170
201803 0.028 114.868 0.039
201806 0.021 117.038 0.029
201809 -0.004 117.881 -0.005
201812 0.012 118.340 0.016
201903 0.054 120.124 0.072
201906 0.141 120.977 0.186
201909 0.134 121.292 0.176
201912 0.063 123.436 0.081
202003 -0.098 124.092 -0.126
202006 -0.165 123.557 -0.213
202009 0.147 125.095 0.187
202012 0.153 129.012 0.189
202103 0.011 131.660 0.013
202106 -0.081 133.871 -0.096
202109 0.016 137.913 0.018
202112 0.136 141.992 0.153
202203 -0.239 146.537 -0.260
202206 0.038 149.784 0.040
202209 -0.022 147.800 -0.024
202212 0.174 150.207 0.185
202303 0.289 153.352 0.300
202306 0.245 154.519 0.253
202309 0.209 155.464 0.214
202312 0.103 157.148 0.104
202403 0.155 159.372 0.155

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.


Marcopolo  (BSP:POMO3) 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.


Marcopolo Cyclically Adjusted Price-to-FCF Related Terms

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


Marcopolo (BSP:POMO3) Business Description

Traded in Other Exchanges
Address
Avenida Marcopolo, 280, Bairro Planalto, Caxias do Sul, RS, BRA, 95060-145
Marcopolo SA is a Brazilian auto manufacturer. The line of products includes a wide variety of models, composed of the groups of intercity, urban, micro, and mini-buses, as well as the Volare family (complete bus, with chassis and body). The buses are manufactured in facilities predominantly in Brazil and in Columbia, Egypt, India, Mexico, and China. The revenues that the company derives from its exports are marginally higher than that from domestic sales. Marcopolo sells its vehicles under such brand names as Volare, Fratello, Andare, Viaggio, Torino, and Viale. Its activities are divided into two segments, Industrial and Financial. The industrial segment is its core segment which manufactures buses and the financial segment is responsible for financing transactions through Banco Moneo.

Marcopolo (BSP:POMO3) Headlines

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