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Martin Midstream Partners LP (Martin Midstream Partners LP) Cyclically Adjusted FCF per Share : $1.55 (As of Mar. 2024)


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What is Martin Midstream Partners LP 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.

Martin Midstream Partners LP's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-0.040. 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 $1.55 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Martin Midstream Partners LP's average Cyclically Adjusted FCF Growth Rate was 17.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.40% 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 Martin Midstream Partners LP was 37.90% per year. The lowest was 1.30% per year. And the median was 15.75% per year.

As of today (2024-04-28), Martin Midstream Partners LP's current stock price is $2.67. Martin Midstream Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.55. Martin Midstream Partners LP's Cyclically Adjusted Price-to-FCF of today is 1.72.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Martin Midstream Partners LP was 118.00. The lowest was 0.96. And the median was 3.41.


Martin Midstream Partners LP Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Martin Midstream Partners LP'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.

Martin Midstream Partners LP Cyclically Adjusted FCF per Share Chart

Martin Midstream Partners LP 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 1.05 1.02 1.05 1.44 1.66

Martin Midstream Partners LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.32 1.48 1.73 1.66 1.55

Competitive Comparison of Martin Midstream Partners LP's Cyclically Adjusted FCF per Share

For the Oil & Gas Midstream subindustry, Martin Midstream Partners LP'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.


Martin Midstream Partners LP's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Martin Midstream Partners LP's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Martin Midstream Partners LP's Cyclically Adjusted Price-to-FCF falls into.



Martin Midstream Partners LP 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, Martin Midstream Partners LP'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)
=-0.04/129.4194*129.4194
=-0.040

Current CPI (Mar. 2024) = 129.4194.

Martin Midstream Partners LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.387 100.560 -1.785
201409 0.458 100.428 0.590
201412 1.042 99.070 1.361
201503 0.956 99.621 1.242
201506 1.194 100.684 1.535
201509 -0.091 100.392 -0.117
201512 1.241 99.792 1.609
201603 0.731 100.470 0.942
201606 0.536 101.688 0.682
201609 -0.484 101.861 -0.615
201612 1.207 101.863 1.534
201703 1.339 102.862 1.685
201706 -0.625 103.349 -0.783
201709 -0.743 104.136 -0.923
201712 0.767 104.011 0.954
201803 1.106 105.290 1.359
201806 0.103 106.317 0.125
201809 -0.829 106.507 -1.007
201812 1.414 105.998 1.726
201903 0.878 107.251 1.059
201906 -0.400 108.070 -0.479
201909 -0.403 108.329 -0.481
201912 1.096 108.420 1.308
202003 0.844 108.902 1.003
202006 -0.183 108.767 -0.218
202009 -0.779 109.815 -0.918
202012 1.053 109.897 1.240
202103 0.035 111.754 0.041
202106 -0.089 114.631 -0.100
202109 -0.562 115.734 -0.628
202112 1.125 117.630 1.238
202203 0.469 121.301 0.500
202206 -0.112 125.017 -0.116
202209 -1.332 125.227 -1.377
202212 0.689 125.222 0.712
202303 1.077 127.348 1.095
202306 1.032 128.729 1.038
202309 -0.025 129.860 -0.025
202312 0.577 129.419 0.577
202403 -0.040 129.419 -0.040

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


Martin Midstream Partners LP  (NAS:MMLP) 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.

Martin Midstream Partners LP's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.67/1.55
=1.72

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Martin Midstream Partners LP was 118.00. The lowest was 0.96. And the median was 3.41.


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.


Martin Midstream Partners LP Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Martin Midstream Partners LP's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Martin Midstream Partners LP (Martin Midstream Partners LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4200 Stone Road, Kilgore, TX, USA, 75662
Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region. The company's business lines include terminalling, processing, storage, and packaging services for petroleum products and by-products including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and natural gas liquids marketing, distribution and transportation services. It generates maximum revenue from the Natural gas liquids segment.
Executives
Sharon L Taylor officer: Chief Financial Officer 4200 B STONE RD, KILGORE TX 75662
Ruben S Martin director, 10 percent owner, officer: President and CEO 4200 STONE RD, KILGORE TX 75662
Robert D Bondurant officer: Executive VP and CFO 4200 STONE ROAD, KILGORE TX 75662
Scot A Shoup officer: Senior VP Operations 2029 S. CHILTON AVE., TYLER TX 75701
Chris H Booth officer: VP/General Counsel/Secretary 4200 STONE ROAD, KILGORE TX 75662
Randall Tauscher officer: Executive Vice President KANZA OFFICE PARK, 550 NORTH 159TH ST. EAST, WICHITA KS 67230
Christopher Michael Reid director 100 W PUTNAM AVENUE, GREENWICH CT 06830
C Scott Massey director 4200 STONE RD, KILGORE TX 75662
Martin Product Sales Llc 10 percent owner 4200 STONE ROAD, KILGORE TX 75662
James M Collingsworth director 1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Stephen W Martin officer: VP Corporate Development 4200 STONE ROAD, KILGORE TX 75662
Zachary Stanton director 12 ROTON AVE, ROTON AVE, NORWALK CT 06853
Charles H Still director FULBRIGHT & JAWORSKI LLP, 1301 MCKINNEY, SUITE 5100, HOUSTON TX 77010-3095
Wesley M Skelton officer: Executive VP, CA0 & Controller 4200 STONE ROAD, KILGORE TX 75662
Sean P. Dolan director 4200 B STONE ROAD, KILGORE TX 75662

Martin Midstream Partners LP (Martin Midstream Partners LP) Headlines

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