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Modern Times Group MTG AB (LTS:0GXJ) Cyclically Adjusted FCF per Share : kr8.20 (As of Mar. 2025)


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What is Modern Times Group MTG AB 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.

Modern Times Group MTG AB's adjusted free cash flow per share for the three months ended in Mar. 2025 was kr1.145. 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 kr8.20 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Modern Times Group MTG AB's average Cyclically Adjusted FCF Growth Rate was -3.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -8.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -10.70% 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 Modern Times Group MTG AB was -7.80% per year. The lowest was -12.80% per year. And the median was -11.30% per year.

As of today (2025-05-24), Modern Times Group MTG AB's current stock price is kr108.44667. Modern Times Group MTG AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr8.20. Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF of today is 13.23.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Modern Times Group MTG AB was 15.88. The lowest was 4.76. And the median was 8.42.


Modern Times Group MTG AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Modern Times Group MTG AB'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.

Modern Times Group MTG AB Cyclically Adjusted FCF per Share Chart

Modern Times Group MTG AB 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 13.69 10.12 9.03 8.33 8.01

Modern Times Group MTG AB 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 8.36 8.34 8.61 8.01 8.20

Competitive Comparison of Modern Times Group MTG AB's Cyclically Adjusted FCF per Share

For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB'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.


Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF falls into.


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Modern Times Group MTG AB 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, Modern Times Group MTG AB'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)
=1.145/132.8245*132.8245
=1.145

Current CPI (Mar. 2025) = 132.8245.

Modern Times Group MTG AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 4.428 99.995 5.882
201509 1.832 100.228 2.428
201512 2.036 100.276 2.697
201603 -5.803 100.751 -7.650
201606 10.442 101.019 13.730
201609 -2.546 101.138 -3.344
201612 4.872 102.022 6.343
201703 -3.905 102.022 -5.084
201706 7.830 102.752 10.122
201709 -6.603 103.279 -8.492
201712 10.360 103.793 13.258
201803 -5.265 103.962 -6.727
201806 9.333 104.875 11.820
201809 0.745 105.679 0.936
201812 8.816 105.912 11.056
201903 -1.826 105.886 -2.291
201906 -0.903 106.742 -1.124
201909 -0.432 107.214 -0.535
201912 0.222 107.766 0.274
202003 -0.512 106.563 -0.638
202006 1.588 107.498 1.962
202009 1.221 107.635 1.507
202012 1.247 108.296 1.529
202103 0.012 108.360 0.015
202106 -0.112 108.928 -0.137
202109 -0.081 110.338 -0.098
202112 2.955 112.486 3.489
202203 0.714 114.825 0.826
202206 2.434 118.384 2.731
202209 2.371 122.296 2.575
202212 1.829 126.365 1.922
202303 2.132 127.042 2.229
202306 2.121 129.407 2.177
202309 3.549 130.224 3.620
202312 2.370 131.912 2.386
202403 2.200 132.205 2.210
202406 3.078 132.716 3.081
202409 2.881 132.304 2.892
202412 2.733 132.987 2.730
202503 1.145 132.825 1.145

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


Modern Times Group MTG AB  (LTS:0GXJ) 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.

Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=108.44667/8.20
=13.23

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Modern Times Group MTG AB was 15.88. The lowest was 4.76. And the median was 8.42.


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.


Modern Times Group MTG AB Cyclically Adjusted FCF per Share Related Terms

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


Modern Times Group MTG AB Business Description

Traded in Other Exchanges
Address
Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13
Modern Times Group MTG AB invests in esports, mobile games and other digital entertainment. The group's companies offer a wide range of games available to audiences all over the world. MTG's portfolio of IP spans across both the casual and mid-core segments of the gaming market. A vast majority of games are available to consumers on a free-to-play basis, and the group generates revenues from in-app purchases and in-app advertising. The Group operates in Europe, Singapore, USA, India and New Zealand.

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