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MODVF (Melcor Developments) Cyclically Adjusted FCF per Share : $1.02 (As of Jun. 2024)


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What is Melcor Developments 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.

Melcor Developments's adjusted free cash flow per share for the three months ended in Jun. 2024 was $0.599. 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 $1.02 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Melcor Developments's average Cyclically Adjusted FCF Growth Rate was 2.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 7.00% 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 Melcor Developments was 166.80% per year. The lowest was -53.60% per year. And the median was 13.55% per year.

As of today (2024-09-22), Melcor Developments's current stock price is $9.50. Melcor Developments's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was $1.02. Melcor Developments's Cyclically Adjusted Price-to-FCF of today is 9.31.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Melcor Developments was 29.65. The lowest was 4.78. And the median was 10.26.


Melcor Developments Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Melcor Developments'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.

Melcor Developments Cyclically Adjusted FCF per Share Chart

Melcor Developments 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 0.95 0.94 1.14 1.02 1.08

Melcor Developments Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.04 1.03 1.08 1.01 1.02

Competitive Comparison of Melcor Developments's Cyclically Adjusted FCF per Share

For the Real Estate - Development subindustry, Melcor Developments'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.


Melcor Developments's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Melcor Developments 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, Melcor Developments's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.599/127.5217*127.5217
=0.599

Current CPI (Jun. 2024) = 127.5217.

Melcor Developments Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.350 99.394 0.449
201412 0.131 98.367 0.170
201503 -0.241 99.789 -0.308
201506 0.187 100.500 0.237
201509 0.532 100.421 0.676
201512 0.177 99.947 0.226
201603 0.516 101.054 0.651
201606 0.041 102.002 0.051
201609 0.797 101.765 0.999
201612 0.198 101.449 0.249
201703 0.305 102.634 0.379
201706 -0.056 103.029 -0.069
201709 -0.083 103.345 -0.102
201712 -0.023 103.345 -0.028
201803 0.018 105.004 0.022
201806 -0.068 105.557 -0.082
201809 0.082 105.636 0.099
201812 0.639 105.399 0.773
201903 0.074 106.979 0.088
201906 -0.091 107.690 -0.108
201909 0.472 107.611 0.559
201912 0.242 107.769 0.286
202003 0.108 107.927 0.128
202006 0.318 108.401 0.374
202009 0.321 108.164 0.378
202012 0.433 108.559 0.509
202103 0.505 110.298 0.584
202106 0.338 111.720 0.386
202109 0.249 112.905 0.281
202112 0.602 113.774 0.675
202203 0.020 117.646 0.022
202206 -0.058 120.806 -0.061
202209 0.193 120.648 0.204
202212 0.248 120.964 0.261
202303 -0.123 122.702 -0.128
202306 0.258 124.203 0.265
202309 0.835 125.230 0.850
202312 0.187 125.072 0.191
202403 0.033 126.258 0.033
202406 0.599 127.522 0.599

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


Melcor Developments  (OTCPK:MODVF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.50/1.02
=9.31

* 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 Melcor Developments was 29.65. The lowest was 4.78. And the median was 10.26.


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.


Melcor Developments Cyclically Adjusted FCF per Share Related Terms

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


Melcor Developments Business Description

Traded in Other Exchanges
Address
10310 Jasper Avenue, Suite 900, Edmonton, AB, CAN, T5J 1Y8
Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.