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Marriott International (MEX:MAR) Cyclically Adjusted FCF per Share : MXN132.19 (As of Mar. 2025)


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What is Marriott International 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.

Marriott International's adjusted free cash flow per share for the three months ended in Mar. 2025 was MXN37.719. 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 MXN132.19 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Marriott International's average Cyclically Adjusted FCF Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 13.20% 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 Marriott International was 80.30% per year. The lowest was 6.30% per year. And the median was 17.40% per year.

As of today (2025-05-24), Marriott International's current stock price is MXN4566.00. Marriott International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN132.19. Marriott International's Cyclically Adjusted Price-to-FCF of today is 34.54.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Marriott International was 49.51. The lowest was 15.47. And the median was 36.30.


Marriott International Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Marriott International'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.

Marriott International Cyclically Adjusted FCF per Share Chart

Marriott International 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 - 88.24 103.05 94.69 127.47

Marriott International 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 99.30 105.81 113.40 127.47 132.19

Competitive Comparison of Marriott International's Cyclically Adjusted FCF per Share

For the Lodging subindustry, Marriott International'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.


Marriott International's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Marriott International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Marriott International 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, Marriott International'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)
=37.719/134.9266*134.9266
=37.719

Current CPI (Mar. 2025) = 134.9266.

Marriott International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 22.972 100.684 30.785
201509 17.005 100.392 22.855
201512 22.761 99.792 30.775
201603 23.404 100.470 31.430
201606 30.966 101.688 41.088
201609 20.729 101.861 27.458
201612 18.352 101.863 24.309
201703 19.988 102.862 26.219
201706 31.527 103.349 41.160
201709 24.769 104.136 32.093
201712 20.754 104.011 26.923
201803 30.554 105.290 39.154
201806 7.149 106.317 9.073
201809 33.131 106.507 41.972
201812 24.949 105.998 31.758
201903 4.810 107.251 6.051
201906 29.179 108.070 36.430
201909 21.315 108.329 26.548
201912 4.395 108.420 5.469
202003 32.587 108.902 40.375
202006 68.835 108.767 85.390
202009 6.760 109.815 8.306
202012 -1.342 109.897 -1.648
202103 -0.188 111.754 -0.227
202106 3.569 114.631 4.201
202109 35.904 115.734 41.858
202112 22.572 117.630 25.891
202203 21.057 121.301 23.422
202206 35.413 125.017 38.220
202209 49.469 125.227 53.301
202212 18.454 125.222 19.884
202303 45.903 127.348 48.635
202306 31.028 128.729 32.522
202309 44.160 129.860 45.883
202312 34.922 129.419 36.408
202403 38.133 131.776 39.045
202406 41.343 132.554 42.083
202409 49.383 133.029 50.087
202412 -1.768 133.157 -1.791
202503 37.719 134.927 37.719

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


Marriott International  (MEX:MAR) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4566.00/132.19
=34.54

* 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 Marriott International was 49.51. The lowest was 15.47. And the median was 36.30.


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.


Marriott International Cyclically Adjusted FCF per Share Related Terms

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


Marriott International Business Description

Address
7750 Wisconsin Avenue, Bethesda, MD, USA, 20814
Marriott operates 1.7 million rooms across roughly 30 brands. At the end of 2024, luxury represented roughly 10% of total rooms, premium was 43%, select service was 45%, midscale was 1%, and other was 1%. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represented 98% of total rooms as of Dec. 31, 2024. North America makes up 62% of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.