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Banco Macro (BUE:BMA) Cyclically Adjusted FCF per Share : ARS0.00 (As of Mar. 2024)


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What is Banco Macro 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.

Banco Macro's adjusted free cash flow per share for the three months ended in Mar. 2024 was ARS0.000. 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 ARS0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Banco Macro's average Cyclically Adjusted FCF Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 65.20% 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 Banco Macro was 380.20% per year. The lowest was -41.00% per year. And the median was 70.55% per year.

As of today (2024-06-08), Banco Macro's current stock price is ARS7212.95. Banco Macro's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ARS0.00. Banco Macro's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Banco Macro was 290.45. The lowest was 1.53. And the median was 12.63.


Banco Macro Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Banco Macro'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.

Banco Macro Cyclically Adjusted FCF per Share Chart

Banco Macro 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 - 86.36 132.43 399.98 389.31

Banco Macro 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 437.47 440.97 423.81 389.31 -

Competitive Comparison of Banco Macro's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Banco Macro'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.


Banco Macro's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banco Macro's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Banco Macro 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, Banco Macro'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)
=0/131.7762*131.7762
=0.000

Current CPI (Mar. 2024) = 131.7762.

Banco Macro Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.950 100.560 1.245
201409 2.883 100.428 3.783
201412 7.436 99.070 9.891
201503 -4.306 99.621 -5.696
201506 -2.456 100.684 -3.214
201509 1.081 100.392 1.419
201512 12.708 99.792 16.781
201603 21.593 100.470 28.321
201606 -10.069 101.688 -13.048
201609 15.340 101.861 19.845
201612 -6.162 101.863 -7.972
201703 -34.517 102.862 -44.220
201706 14.095 103.349 17.972
201709 -4.122 104.136 -5.216
201712 -23.955 104.011 -30.350
201803 2.444 105.290 3.059
201806 36.066 106.317 44.703
201809 13.496 106.507 16.698
201812 185.668 105.998 230.822
201903 0.000 107.251 0.000
201906 0.000 108.070 0.000
201909 0.000 108.329 0.000
201912 0.000 108.420 0.000
202003 45.095 108.902 54.567
202006 102.484 108.767 124.164
202009 74.789 109.815 89.746
202012 307.397 109.897 368.597
202103 9.129 111.754 10.765
202106 -0.525 114.631 -0.604
202109 89.713 115.734 102.148
202112 261.383 117.630 292.818
202203 236.119 121.301 256.510
202206 240.190 125.017 253.177
202209 711.264 125.227 748.465
202212 1,144.326 125.222 1,204.223
202303 276.768 127.348 286.392
202306 -15.800 128.729 -16.174
202309 -187.093 129.860 -189.854
202312 -291.572 129.419 -296.882
202403 0.000 131.776 0.000

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


Banco Macro  (BUE:BMA) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Banco Macro was 290.45. The lowest was 1.53. And the median was 12.63.


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.


Banco Macro Cyclically Adjusted FCF per Share Related Terms

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


Banco Macro (BUE:BMA) Business Description

Industry
Traded in Other Exchanges
Address
Avenida Eduardo Madero 1182, City of Buenos Aires, ARG, 1172
Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. It generates the majority of its revenue from Argentina.

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