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Masco (BSP:M1AS34) Cyclically Adjusted FCF per Share : R$12.32 (As of Mar. 2024)


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What is Masco 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.

Masco's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$-2.817. 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 R$12.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Masco's average Cyclically Adjusted FCF Growth Rate was 12.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 5.40% 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 Masco was 51.80% per year. The lowest was -32.80% per year. And the median was 7.60% per year.

As of today (2024-04-30), Masco's current stock price is R$315.50. Masco's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$12.32. Masco's Cyclically Adjusted Price-to-FCF of today is 25.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Masco was 35.38. The lowest was 8.71. And the median was 21.87.


Masco Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Masco'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.

Masco Cyclically Adjusted FCF per Share Chart

Masco 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 - 9.20 9.52 15.33 14.77

Masco 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 13.58 13.20 14.90 14.77 12.32

Competitive Comparison of Masco's Cyclically Adjusted FCF per Share

For the Building Products & Equipment subindustry, Masco'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.


Masco's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Masco's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Masco 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, Masco'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)
=-2.817/129.4194*129.4194
=-2.817

Current CPI (Mar. 2024) = 129.4194.

Masco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.760 100.560 2.265
201409 1.437 100.428 1.852
201412 1.892 99.070 2.472
201503 -1.666 99.621 -2.164
201506 2.289 100.684 2.942
201509 2.783 100.392 3.588
201512 3.998 99.792 5.185
201603 -1.188 100.470 -1.530
201606 2.255 101.688 2.870
201609 2.521 101.861 3.203
201612 2.516 101.863 3.197
201703 -1.812 102.862 -2.280
201706 2.727 103.349 3.415
201709 2.736 104.136 3.400
201712 2.343 104.011 2.915
201803 -0.995 105.290 -1.223
201806 3.478 106.317 4.234
201809 4.082 106.507 4.960
201812 4.116 105.998 5.025
201903 -2.208 107.251 -2.664
201906 4.135 108.070 4.952
201909 5.052 108.329 6.036
201912 2.576 108.420 3.075
202003 -2.069 108.902 -2.459
202006 7.122 108.767 8.474
202009 5.297 109.815 6.243
202012 6.662 109.897 7.845
202103 -2.609 111.754 -3.021
202106 6.086 114.631 6.871
202109 6.989 115.734 7.815
202112 6.670 117.630 7.339
202203 -5.245 121.301 -5.596
202206 7.756 125.017 8.029
202209 6.445 125.227 6.661
202212 5.337 125.222 5.516
202303 -0.642 127.348 -0.652
202306 7.366 128.729 7.406
202309 9.440 129.860 9.408
202312 9.171 129.419 9.171
202403 -2.817 129.419 -2.817

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


Masco  (BSP:M1AS34) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=315.50/12.32
=25.61

* 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 Masco was 35.38. The lowest was 8.71. And the median was 21.87.


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.


Masco Cyclically Adjusted FCF per Share Related Terms

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


Masco (BSP:M1AS34) Business Description

Industry
Traded in Other Exchanges
Address
17450 College Parkway, Livonia, MI, USA, 48152
Masco manufactures a variety of home improvement and building products. The company's $5.3 billion plumbing segment, led by the Delta and Hansgrohe brands, sells faucets, showerheads, and other related plumbing fixtures and components. The $3.4 billion decorative architectural segment primarily sells paints and other coatings under the Behr and Kilz brands, but it also sells builder hardware and lighting products.

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