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Magna International (Magna International) Cyclically Adjusted Price-to-FCF : 10.17 (As of Apr. 28, 2024)


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What is Magna International Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Magna International's current share price is $49.12. Magna International's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.83. Magna International's Cyclically Adjusted Price-to-FCF for today is 10.17.

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

MGA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.44   Med: 22.6   Max: 40.73
Current: 10.49

During the past years, Magna International's highest Cyclically Adjusted Price-to-FCF was 40.73. The lowest was 8.44. And the median was 22.60.

MGA's Cyclically Adjusted Price-to-FCF is ranked better than
75.68% of 481 companies
in the Vehicles & Parts industry
Industry Median: 21.61 vs MGA: 10.49

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.

Magna International's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $2.212. 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 $4.83 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Magna International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Magna International'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.

Magna International Cyclically Adjusted Price-to-FCF Chart

Magna International 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 16.06 17.71 17.12 12.06 12.23

Magna International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 12.06 11.49 11.93 11.49 12.23

Competitive Comparison of Magna International's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, Magna International'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.


Magna International's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Magna International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Magna International 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=49.12/4.83
=10.17

* 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.

Magna International's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Magna International'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)
=2.212/125.4675*125.4675
=2.212

Current CPI (Dec. 2023) = 125.4675.

Magna International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.575 98.604 0.732
201406 0.565 99.473 0.713
201409 1.011 99.394 1.276
201412 0.854 98.367 1.089
201503 0.034 99.789 0.043
201506 0.190 100.500 0.237
201509 0.570 100.421 0.712
201512 1.013 99.947 1.272
201603 -0.107 101.054 -0.133
201606 0.452 102.002 0.556
201609 0.686 101.765 0.846
201612 2.742 101.449 3.391
201703 0.350 102.634 0.428
201706 0.361 103.029 0.440
201709 1.355 103.345 1.645
201712 1.926 103.345 2.338
201803 0.928 105.004 1.109
201806 0.249 105.557 0.296
201809 2.026 105.636 2.406
201812 2.855 105.399 3.399
201903 1.051 106.979 1.233
201906 1.853 107.690 2.159
201909 1.291 107.611 1.505
201912 3.867 107.769 4.502
202003 1.440 107.927 1.674
202006 -4.695 108.401 -5.434
202009 4.673 108.164 5.421
202012 5.645 108.559 6.524
202103 1.479 110.298 1.682
202106 0.827 111.720 0.929
202109 0.218 112.905 0.242
202112 2.523 113.774 2.782
202203 -0.195 117.646 -0.208
202206 0.316 120.806 0.328
202209 -0.437 120.648 -0.454
202212 1.767 120.964 1.833
202303 -0.775 122.702 -0.792
202306 0.157 124.203 0.159
202309 0.502 125.230 0.503
202312 2.212 125.468 2.212

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.


Magna International  (NYSE:MGA) 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.


Magna International Cyclically Adjusted Price-to-FCF Related Terms

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


Magna International (Magna International) Business Description

Traded in Other Exchanges
Address
337 Magna Drive, Aurora, ON, CAN, L4G 7K1
Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2022, roughly 50% of Magna's revenue came from North America while Europe accounted for approximately 38%.

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