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Federal Home Loan Mortgage (Federal Home Loan Mortgage) Cyclically Adjusted FCF per Share : $2.37 (As of Dec. 2023)


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What is Federal Home Loan Mortgage Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Federal Home Loan Mortgage's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.582. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $2.37 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Federal Home Loan Mortgage's average Cyclically Adjusted FCF Growth Rate was -12.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 18.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Federal Home Loan Mortgage was 103.00% per year. The lowest was -67.50% per year. And the median was 4.50% per year.

As of today (2024-04-28), Federal Home Loan Mortgage's current stock price is $1.38. Federal Home Loan Mortgage's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.37. Federal Home Loan Mortgage's Cyclically Adjusted Price-to-FCF of today is 0.58.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Federal Home Loan Mortgage was 30.80. The lowest was 0.13. And the median was 1.15.


Federal Home Loan Mortgage Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Federal Home Loan Mortgage's Cyclically Adjusted FCF per Share 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.

Federal Home Loan Mortgage Cyclically Adjusted FCF per Share Chart

Federal Home Loan Mortgage Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.45 2.11 2.39 2.71 2.37

Federal Home Loan Mortgage Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 2.71 2.82 2.71 2.65 2.37

Competitive Comparison of Federal Home Loan Mortgage's Cyclically Adjusted FCF per Share

For the Mortgage Finance subindustry, Federal Home Loan Mortgage'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.


Federal Home Loan Mortgage's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Federal Home Loan Mortgage's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Federal Home Loan Mortgage's Cyclically Adjusted Price-to-FCF falls into.



Federal Home Loan Mortgage Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Federal Home Loan Mortgage'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)
=0.582/129.4194*129.4194
=0.582

Current CPI (Dec. 2023) = 129.4194.

Federal Home Loan Mortgage Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.303 99.695 1.692
201406 2.103 100.560 2.707
201409 0.091 100.428 0.117
201412 -0.751 99.070 -0.981
201503 -1.084 99.621 -1.408
201506 0.072 100.684 0.093
201509 -0.671 100.392 -0.865
201512 1.394 99.792 1.808
201603 -1.263 100.470 -1.627
201606 2.545 101.688 3.239
201609 0.281 101.861 0.357
201612 -0.203 101.863 -0.258
201703 -0.005 102.862 -0.006
201706 0.098 103.349 0.123
201709 1.378 104.136 1.713
201712 -0.165 104.011 -0.205
201803 1.436 105.290 1.765
201806 -0.355 106.317 -0.432
201809 -0.185 106.507 -0.225
201812 -0.687 105.998 -0.839
201903 1.322 107.251 1.595
201906 0.413 108.070 0.495
201909 -0.682 108.329 -0.815
201912 2.719 108.420 3.246
202003 0.863 108.902 1.026
202006 -0.731 108.767 -0.870
202009 1.796 109.815 2.117
202012 -1.647 109.897 -1.940
202103 3.210 111.754 3.717
202106 1.759 114.631 1.986
202109 0.386 115.734 0.432
202112 -0.298 117.630 -0.328
202203 1.159 121.301 1.237
202206 1.247 125.017 1.291
202209 1.364 125.227 1.410
202212 -0.083 125.222 -0.086
202303 1.062 127.348 1.079
202306 0.486 128.729 0.489
202309 0.224 129.860 0.223
202312 0.582 129.419 0.582

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Federal Home Loan Mortgage  (OTCPK:FMCC) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Federal Home Loan Mortgage's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1.38/2.37
=0.58

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Federal Home Loan Mortgage was 30.80. The lowest was 0.13. And the median was 1.15.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Federal Home Loan Mortgage Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Federal Home Loan Mortgage's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Federal Home Loan Mortgage (Federal Home Loan Mortgage) Business Description

Address
8200 Jones Branch Drive, McLean, VA, USA, 22102-3110
Federal Home Loan Mortgage Corp is a US based government-sponsored enterprise. The company invests in mortgage loans and mortgage-related securities. It operates in the following segments: Single-family, Multifamily. The company is engaged in originating, purchase, and guarantee single-family loans originated by its seller. It provides a guarantee and security for the payment of principal and interest on the mortgage-related securities in exchange for management and guarantee fees. The company purchases multifamily loans for aggregation and then securitization through the issuance of multifamily K Certificates as well as issues and guarantees other securitization products. Majority of the revenue is earned from single family.
Executives
Sonu Mittal officer: SVP-Single-Family Acquisitions 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Ravi Shankar officer: SVP- SF Portfolio & Servicing 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Kevin Palmer officer: SVP-Multifamily 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Heidi Mason officer: EVP & General Counsel 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Kevin Gerald Chavers director C/O CHIMERA INVESTMENT CORPORATION, 520 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Luke S Hayden director 3000 LEADENHALL ROAD, MOUNT LAUREL NJ 08054
Alberto G. Musalem director 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Michael J Devito officer: Chief Executive Officer 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
John Glessner officer: SVP-Investments & Capital Mkts 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Allan P Merrill director BEAZER HOMES, 1000 ABERNATHY RD, SUITE 1200, ATLANTA GA 30328
Paul T. Schumacher director 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Christian M. Lown officer: EVP & Chief Financial Officer 123 S. JUSTISON STREET, WILMINGTON DE 19801
Mark B Grier director C/O PRUDENTIAL FINANCIAL INC, 751 BROAD ST. 4TH FL., NEWARK NJ 01702
Mark H. Bloom director 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Donna M Corley officer: SVP&Int Head of Single Family 8200 JONES BRANCH DRIVE, MCLEAN VA 22102