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MasTec (FRA:MY8) Cyclically Adjusted FCF per Share : €4.86 (As of Mar. 2024)


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What is MasTec 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.

MasTec's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.972. 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 €4.86 for the trailing ten years ended in Mar. 2024.

During the past 12 months, MasTec's average Cyclically Adjusted FCF Growth Rate was 25.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 24.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 23.30% 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 MasTec was 75.20% per year. The lowest was -119.50% per year. And the median was 12.20% per year.

As of today (2024-07-20), MasTec's current stock price is €95.50. MasTec's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.86. MasTec's Cyclically Adjusted Price-to-FCF of today is 19.65.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MasTec was 77.38. The lowest was 10.52. And the median was 25.18.


MasTec Cyclically Adjusted FCF per Share Historical Data

The historical data trend for MasTec'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.

MasTec Cyclically Adjusted FCF per Share Chart

MasTec 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 1.95 2.44 3.63 4.04 4.44

MasTec 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 3.86 3.86 4.30 4.44 4.86

Competitive Comparison of MasTec's Cyclically Adjusted FCF per Share

For the Engineering & Construction subindustry, MasTec'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.


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

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

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



MasTec 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, MasTec'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)
=0.972/131.7762*131.7762
=0.972

Current CPI (Mar. 2024) = 131.7762.

MasTec Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.371 100.560 0.486
201409 0.021 100.428 0.028
201412 2.121 99.070 2.821
201503 1.112 99.621 1.471
201506 0.153 100.684 0.200
201509 0.853 100.392 1.120
201512 1.070 99.792 1.413
201603 0.028 100.470 0.037
201606 -0.415 101.688 -0.538
201609 0.803 101.861 1.039
201612 0.584 101.863 0.756
201703 1.426 102.862 1.827
201706 -3.053 103.349 -3.893
201709 2.446 104.136 3.095
201712 -0.640 104.011 -0.811
201803 0.601 105.290 0.752
201806 -1.344 106.317 -1.666
201809 -0.462 106.507 -0.572
201812 5.174 105.998 6.432
201903 -0.951 107.251 -1.168
201906 4.384 108.070 5.346
201909 0.745 108.329 0.906
201912 0.798 108.420 0.970
202003 1.712 108.902 2.072
202006 2.340 108.767 2.835
202009 1.916 109.815 2.299
202012 2.506 109.897 3.005
202103 2.379 111.754 2.805
202106 0.485 114.631 0.558
202109 1.315 115.734 1.497
202112 3.065 117.630 3.434
202203 0.587 121.301 0.638
202206 -2.964 125.017 -3.124
202209 1.260 125.227 1.326
202212 2.222 125.222 2.338
202303 -1.816 127.348 -1.879
202306 -0.792 128.729 -0.811
202309 3.060 129.860 3.105
202312 5.359 129.419 5.457
202403 0.972 131.776 0.972

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


MasTec  (FRA:MY8) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=95.50/4.86
=19.65

* 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 MasTec was 77.38. The lowest was 10.52. And the median was 25.18.


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.


MasTec Cyclically Adjusted FCF per Share Related Terms

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


MasTec (FRA:MY8) Business Description

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Address
800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134
MasTec is a leading infrastructure construction company operating mainly in North America across a range of industries. The company's primary activities include the engineering, building, installation, maintenance, and upgrade of communications, oil and gas, utility, renewable energy, and other infrastructure. MasTec reports its results under five reportable segments: 1) communications; 2) clean energy and infrastructure; 3) oil and gas; 4) power delivery, and 5) other.

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