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Migros Ticaret AS (IST:MGROS) Cyclically Adjusted FCF per Share : ₺27.77 (As of Mar. 2025)


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What is Migros Ticaret AS 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.

Migros Ticaret AS's adjusted free cash flow per share for the three months ended in Mar. 2025 was ₺-9.700. 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 ₺27.77 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Migros Ticaret AS's average Cyclically Adjusted FCF Growth Rate was 31.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 71.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 62.10% 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 Migros Ticaret AS was 71.20% per year. The lowest was 59.90% per year. And the median was 65.40% per year.

As of today (2025-06-19), Migros Ticaret AS's current stock price is ₺452.75. Migros Ticaret AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ₺27.77. Migros Ticaret AS's Cyclically Adjusted Price-to-FCF of today is 16.30.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Migros Ticaret AS was 26.44. The lowest was 5.90. And the median was 10.85.


Migros Ticaret AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Migros Ticaret AS'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.

Migros Ticaret AS Cyclically Adjusted FCF per Share Chart

Migros Ticaret AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.10 5.66 11.20 18.56 28.42

Migros Ticaret AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 21.14 22.53 25.08 28.42 27.77

Competitive Comparison of Migros Ticaret AS's Cyclically Adjusted FCF per Share

For the Grocery Stores subindustry, Migros Ticaret AS'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.


Migros Ticaret AS's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Migros Ticaret AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Migros Ticaret AS 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, Migros Ticaret AS's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-9.7/134.9266*134.9266
=-9.700

Current CPI (Mar. 2025) = 134.9266.

Migros Ticaret AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.712 100.684 0.954
201509 1.664 100.392 2.236
201512 -0.994 99.792 -1.344
201603 -0.027 100.470 -0.036
201606 0.799 101.688 1.060
201609 1.188 101.861 1.574
201612 0.754 101.863 0.999
201703 -0.392 102.862 -0.514
201706 1.412 103.349 1.843
201709 1.587 104.136 2.056
201712 0.986 104.011 1.279
201803 -1.165 105.290 -1.493
201806 2.043 106.317 2.593
201809 3.623 106.507 4.590
201812 -0.637 105.998 -0.811
201903 0.641 107.251 0.806
201906 3.825 108.070 4.776
201909 4.424 108.329 5.510
201912 1.296 108.420 1.613
202003 2.289 108.902 2.836
202006 5.423 108.767 6.727
202009 4.623 109.815 5.680
202012 1.381 109.897 1.696
202103 -0.295 111.754 -0.356
202106 3.811 114.631 4.486
202109 6.546 115.734 7.632
202112 2.553 117.630 2.928
202203 0.825 121.301 0.918
202206 8.207 125.017 8.858
202209 14.459 125.227 15.579
202212 29.506 125.222 31.793
202303 7.485 127.348 7.930
202306 35.533 128.729 37.244
202309 27.045 129.860 28.100
202312 1.379 129.419 1.438
202403 22.849 131.776 23.395
202406 13.698 132.554 13.943
202409 25.847 133.029 26.216
202412 32.276 133.157 32.705
202503 -9.700 134.927 -9.700

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


Migros Ticaret AS  (IST:MGROS) 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.

Migros Ticaret AS's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=452.75/27.77
=16.30

* 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 Migros Ticaret AS was 26.44. The lowest was 5.90. And the median was 10.85.


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.


Migros Ticaret AS Cyclically Adjusted FCF per Share Related Terms

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


Migros Ticaret AS Business Description

Traded in Other Exchanges
N/A
Address
Ataturk Mahallesi Turgut Ozal Bulvari No 7, Atasehir - Istanbul, TUR, 34758
Migros Ticaret AS is a Turkey-based company that is principally engaged in the retail business. The company also operates in the business lines of online food retailing and ready meals, payment and electronic money services, logistics services, media, shopping center management, and others.

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