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Materion (Materion) Cyclically Adjusted Price-to-FCF : 61.23 (As of Apr. 28, 2024)


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What is Materion Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Materion's current share price is $119.40. Materion's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.95. Materion's Cyclically Adjusted Price-to-FCF for today is 61.23.

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

MTRN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.17   Med: 44.32   Max: 127.71
Current: 61.17

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

MTRN's Cyclically Adjusted Price-to-FCF is ranked worse than
77.78% of 252 companies
in the Metals & Mining industry
Industry Median: 20.745 vs MTRN: 61.17

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 adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.650. 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 $1.95 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Materion Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Materion'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.

Materion Cyclically Adjusted Price-to-FCF Chart

Materion 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 39.71 35.10 53.84 42.99 66.67

Materion 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 42.99 52.76 53.75 51.62 66.67

Competitive Comparison of Materion's Cyclically Adjusted Price-to-FCF

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 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=119.40/1.95
=61.23

* 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.

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

For example, Materion'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)
=1.65/129.4194*129.4194
=1.650

Current CPI (Dec. 2023) = 129.4194.

Materion Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.403 99.695 -1.821
201406 0.701 100.560 0.902
201409 0.728 100.428 0.938
201412 1.425 99.070 1.862
201503 -0.733 99.621 -0.952
201506 0.458 100.684 0.589
201509 0.462 100.392 0.596
201512 1.736 99.792 2.251
201603 -1.343 100.470 -1.730
201606 0.737 101.688 0.938
201609 0.520 101.861 0.661
201612 1.627 101.863 2.067
201703 -1.137 102.862 -1.431
201706 0.575 103.349 0.720
201709 1.400 104.136 1.740
201712 1.050 104.011 1.306
201803 -0.860 105.290 -1.057
201806 1.283 106.317 1.562
201809 0.655 106.507 0.796
201812 0.963 105.998 1.176
201903 -1.067 107.251 -1.288
201906 1.772 108.070 2.122
201909 1.200 108.329 1.434
201912 1.608 108.420 1.919
202003 -0.278 108.902 -0.330
202006 0.489 108.767 0.582
202009 1.397 109.815 1.646
202012 0.030 109.897 0.035
202103 -0.766 111.754 -0.887
202106 0.104 114.631 0.117
202109 -1.136 115.734 -1.270
202112 1.177 117.630 1.295
202203 -1.606 121.301 -1.713
202206 0.819 125.017 0.848
202209 -0.179 125.227 -0.185
202212 2.811 125.222 2.905
202303 0.387 127.348 0.393
202306 -0.031 128.729 -0.031
202309 -0.838 129.860 -0.835
202312 1.650 129.419 1.650

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.


Materion  (NYSE:MTRN) 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.


Materion Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Materion's Cyclically Adjusted Price-to-FCF 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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