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Macquarie Group (Macquarie Group) Cyclically Adjusted Price-to-FCF : 10.47 (As of Apr. 28, 2024)


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What is Macquarie Group Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Macquarie Group's current share price is $121.83. Macquarie Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was $11.64. Macquarie Group's Cyclically Adjusted Price-to-FCF for today is 10.47.

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

MQBKY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.87   Med: 16.38   Max: 172.56
Current: 10.8

During the past 13 years, Macquarie Group's highest Cyclically Adjusted Price-to-FCF was 172.56. The lowest was 7.87. And the median was 16.38.

MQBKY's Cyclically Adjusted Price-to-FCF is ranked better than
68.33% of 221 companies
in the Capital Markets industry
Industry Median: 19.29 vs MQBKY: 10.80

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.

Macquarie Group's adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was $-20.694. 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 $11.64 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Macquarie Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Macquarie Group'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.

Macquarie Group Cyclically Adjusted Price-to-FCF Chart

Macquarie Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 13.53 22.20 10.89 10.18

Macquarie Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 10.89 - 10.18 -

Competitive Comparison of Macquarie Group's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Macquarie Group'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.


Macquarie Group's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Macquarie Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Macquarie Group 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=121.83/11.64
=10.47

* 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.

Macquarie Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Macquarie Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=-20.694/123.1484*123.1484
=-20.694

Current CPI (Mar23) = 123.1484.

Macquarie Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -2.192 97.887 -2.758
201503 -6.595 99.187 -8.188
201603 26.777 100.488 32.815
201703 -13.377 102.624 -16.052
201803 9.463 104.574 11.144
201903 0.270 105.967 0.314
202003 19.070 108.289 21.687
202103 4.354 109.496 4.897
202203 95.407 115.069 102.106
202303 -20.694 123.148 -20.694

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.


Macquarie Group  (OTCPK:MQBKY) 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.


Macquarie Group Cyclically Adjusted Price-to-FCF Related Terms

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


Macquarie Group (Macquarie Group) Business Description

Address
50 Martin Place, Level 6, Sydney, NSW, AUS, 2000
Macquarie Group began trading in 1969 as Hill Samuel Australia, obtained its bank licence in 1985, and listed in 1996. It's Australia's only sizable listed investment bank, now internationally diversified, operating in asset management, banking and wealth, risk and capital solutions, and advisory.