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Iron Mountain (LTS:0JDP) Cyclically Adjusted FCF per Share : $0.82 (As of Mar. 2024)


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What is Iron Mountain 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.

Iron Mountain's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-0.858. 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 $0.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Iron Mountain's average Cyclically Adjusted FCF Growth Rate was -17.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -10.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -6.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 0.10% 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 Iron Mountain was 31.00% per year. The lowest was -10.40% per year. And the median was 3.95% per year.

As of today (2024-05-19), Iron Mountain's current stock price is $82.0879. Iron Mountain's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.82. Iron Mountain's Cyclically Adjusted Price-to-FCF of today is 100.11.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Iron Mountain was 99.74. The lowest was 18.69. And the median was 32.39.


Iron Mountain Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Iron Mountain'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.

Iron Mountain Cyclically Adjusted FCF per Share Chart

Iron Mountain 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 1.19 1.16 1.08 0.98 0.85

Iron Mountain 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 0.89 0.81 0.70 0.85 0.82

Competitive Comparison of Iron Mountain's Cyclically Adjusted FCF per Share

For the REIT - Specialty subindustry, Iron Mountain'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.


Iron Mountain's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Iron Mountain's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Iron Mountain 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, Iron Mountain'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)
=-0.858/131.7762*131.7762
=-0.858

Current CPI (Mar. 2024) = 131.7762.

Iron Mountain Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.258 100.560 0.338
201409 0.046 100.428 0.060
201412 0.379 99.070 0.504
201503 -0.370 99.621 -0.489
201506 0.446 100.684 0.584
201509 0.312 100.392 0.410
201512 0.537 99.792 0.709
201603 -0.033 100.470 -0.043
201606 0.135 101.688 0.175
201609 0.413 101.861 0.534
201612 0.109 101.863 0.141
201703 0.103 102.862 0.132
201706 0.373 103.349 0.476
201709 0.347 104.136 0.439
201712 0.311 104.011 0.394
201803 -0.126 105.290 -0.158
201806 0.644 106.317 0.798
201809 0.353 106.507 0.437
201812 0.535 105.998 0.665
201903 -0.329 107.251 -0.404
201906 0.410 108.070 0.500
201909 0.142 108.329 0.173
201912 0.535 108.420 0.650
202003 0.077 108.902 0.093
202006 0.718 108.767 0.870
202009 0.267 109.815 0.320
202012 0.789 109.897 0.946
202103 -0.273 111.754 -0.322
202106 0.567 114.631 0.652
202109 -0.178 115.734 -0.203
202112 0.343 117.630 0.384
202203 -0.372 121.301 -0.404
202206 0.408 125.017 0.430
202209 -0.183 125.227 -0.193
202212 0.296 125.222 0.311
202303 -0.472 127.348 -0.488
202306 -0.064 128.729 -0.066
202309 -0.491 129.860 -0.498
202312 0.238 129.419 0.242
202403 -0.858 131.776 -0.858

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


Iron Mountain  (LTS:0JDP) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=82.0879/0.82
=100.11

* 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 Iron Mountain was 99.74. The lowest was 18.69. And the median was 32.39.


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.


Iron Mountain Cyclically Adjusted FCF per Share Related Terms

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


Iron Mountain (LTS:0JDP) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Iron Mountain Inc (LTS:0JDP) » Definitions » Cyclically Adjusted FCF per Share
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Address
85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801
Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.

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