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Materion (Materion) Cyclically Adjusted FCF per Share : $1.94 (As of Mar. 2024)


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What is Materion 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.

Materion's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-1.929. 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 $1.94 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Materion's average Cyclically Adjusted FCF Growth Rate was -11.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.70% 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 Materion was 50.10% per year. The lowest was -43.90% per year. And the median was 2.30% per year.

As of today (2024-05-16), Materion's current stock price is $115.14. Materion's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.94. Materion's Cyclically Adjusted Price-to-FCF of today is 59.35.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Materion was 127.71. The lowest was 20.17. And the median was 44.32.


Materion Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Materion'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.

Materion Cyclically Adjusted FCF per Share Chart

Materion 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 1.50 1.82 1.71 2.04 1.95

Materion 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 2.20 2.12 1.97 1.95 1.94

Competitive Comparison of Materion's Cyclically Adjusted FCF per Share

For the Other Industrial Metals & Mining subindustry, Materion'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.


Materion's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Materion's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Materion 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, Materion'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)
=-1.929/131.7762*131.7762
=-1.929

Current CPI (Mar. 2024) = 131.7762.

Materion Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.701 100.560 0.919
201409 0.728 100.428 0.955
201412 1.425 99.070 1.895
201503 -0.733 99.621 -0.970
201506 0.458 100.684 0.599
201509 0.462 100.392 0.606
201512 1.736 99.792 2.292
201603 -1.343 100.470 -1.761
201606 0.737 101.688 0.955
201609 0.520 101.861 0.673
201612 1.627 101.863 2.105
201703 -1.137 102.862 -1.457
201706 0.575 103.349 0.733
201709 1.400 104.136 1.772
201712 1.050 104.011 1.330
201803 -0.860 105.290 -1.076
201806 1.283 106.317 1.590
201809 0.655 106.507 0.810
201812 0.963 105.998 1.197
201903 -1.067 107.251 -1.311
201906 1.772 108.070 2.161
201909 1.200 108.329 1.460
201912 1.608 108.420 1.954
202003 -0.278 108.902 -0.336
202006 0.489 108.767 0.592
202009 1.397 109.815 1.676
202012 0.030 109.897 0.036
202103 -0.766 111.754 -0.903
202106 0.104 114.631 0.120
202109 -1.136 115.734 -1.293
202112 1.177 117.630 1.319
202203 -1.606 121.301 -1.745
202206 0.819 125.017 0.863
202209 -0.179 125.227 -0.188
202212 2.811 125.222 2.958
202303 0.387 127.348 0.400
202306 -0.031 128.729 -0.032
202309 -0.838 129.860 -0.850
202312 1.650 129.419 1.680
202403 -1.929 131.776 -1.929

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


Materion  (NYSE:MTRN) 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.

Materion's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=115.14/1.94
=59.35

* 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 Materion was 127.71. The lowest was 20.17. And the median was 44.32.


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.


Materion Cyclically Adjusted FCF per Share Related Terms

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


Materion (Materion) Business Description

Industry
Traded in Other Exchanges
Address
6070 Parkland Boulevard, Mayfield Heights, OH, USA, 44124
Materion Corp is a producer of engineered materials based in the United States. The company produces materials used in electrical, electronic, thermal, and structural applications. The company operates in four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The majority of revenue is derived from Electronic Materials.
Executives
Gregory R. Chemnitz officer: Vice President General Counsel 6070 PARKLAND BLVD., MAYFIELD HTS. OH 44124
Emily M Liggett director
John M Zaranec officer: Chief Accounting Officer 6070 PARKLAND BLVD, MAYFIELD HTS OH 44124
Craig S Shular director C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130
Shelly Marie Chadwick officer: Vice President, Finance & CFO 6070 PARKLAND BLVD, MAYFIELD HTS. OH 44124
Vinod M Khilnani director 905 WEST BLVD NORTH, ELKHART IN 46514
Patrick M. Prevost director C/O SOUTHWESTERN ENERGY COMPANY, 10000 ENERGY DRIVE, SPRING TX 77389-4954
Joseph P Kelley officer: Vice President, Finance & CFO 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Robert J Phillippy director
Joseph P Keithley director NORDSON CORP, 28601 CLEMENS RD, WESTLAKE OH 44145
Richard J Hipple officer: President of Alloy Products 10035 HUNTING DRIVE, BRECKSVILLE OH 44141
N Mohan Reddy director MATERION CORPORATION, 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Jugal K. Vijayvargiya officer: President and CEO C/O DELPHI AUTOMOTIVE, 5725 DELPHI DRIVE, TROY MI 48098
John D Grampa officer: VP Finance, CFO MATERION CORPORATION, 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
William B Lawrence director 7875 OLD MILL RD, GATES MILLS OH 44040

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