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Moog (MOG.A) Cyclically Adjusted FCF per Share : $3.81 (As of Mar. 2024)


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What is Moog 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.

Moog's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-2.601. 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 $3.81 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Moog's average Cyclically Adjusted FCF Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.30% 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 Moog was 31.40% per year. The lowest was -37.50% per year. And the median was 14.50% per year.

As of today (2024-04-30), Moog's current stock price is $162.53. Moog's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.81. Moog's Cyclically Adjusted Price-to-FCF of today is 42.66.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Moog was 46.08. The lowest was 11.73. And the median was 23.95.


Moog Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Moog'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.

Moog Cyclically Adjusted FCF per Share Chart

Moog Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.52 3.82 4.25 4.65 4.24

Moog 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 4.22 4.05 4.24 4.16 3.81

Competitive Comparison of Moog's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, Moog'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.


Moog's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Moog's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Moog 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, Moog'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)
=-2.601/129.4194*129.4194
=-2.601

Current CPI (Mar. 2024) = 129.4194.

Moog Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.601 100.560 2.060
201409 1.300 100.428 1.675
201412 1.419 99.070 1.854
201503 0.883 99.621 1.147
201506 1.432 100.684 1.841
201509 2.797 100.392 3.606
201512 -0.345 99.792 -0.447
201603 1.731 100.470 2.230
201606 1.859 101.688 2.366
201609 0.843 101.861 1.071
201612 0.985 101.863 1.251
201703 1.539 102.862 1.936
201706 0.897 103.349 1.123
201709 0.497 104.136 0.618
201712 0.638 104.011 0.794
201803 -0.602 105.290 -0.740
201806 -0.711 106.317 -0.866
201809 0.905 106.507 1.100
201812 1.135 105.998 1.386
201903 0.256 107.251 0.309
201906 -0.308 108.070 -0.369
201909 0.712 108.329 0.851
201912 0.425 108.420 0.507
202003 0.369 108.902 0.439
202006 2.766 108.767 3.291
202009 2.255 109.815 2.658
202012 2.289 109.897 2.696
202103 0.172 111.754 0.199
202106 1.937 114.631 2.187
202109 0.697 115.734 0.779
202112 3.732 117.630 4.106
202203 -0.436 121.301 -0.465
202206 -0.891 125.017 -0.922
202209 0.929 125.227 0.960
202212 -0.692 125.222 -0.715
202303 -3.143 127.348 -3.194
202306 -0.605 128.729 -0.608
202309 3.256 129.860 3.245
202312 0.712 129.419 0.712
202403 -2.601 129.419 -2.601

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


Moog  (NYSE:MOG.A) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=162.53/3.81
=42.66

* 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 Moog was 46.08. The lowest was 11.73. And the median was 23.95.


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.


Moog Cyclically Adjusted FCF per Share Related Terms

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


Moog (MOG.A) Business Description

Industry
Traded in Other Exchanges
Address
400 Jamison Road, East Aurora, New York, NY, USA, 14052-0018
Moog Inc is a manufacturer of precision motion and fluid controls systems for the aerospace and defense markets. It has a diversified product range and operates in three segments: Aircraft Controls, Space and Defense Controls, and Industrial Systems. The company has a wide sales and marketing reach with sales staff being the main contact with customers. Additionally, it will use manufacturers' representatives and distributors to market in certain segments. Sales under United States government contracts represent approximately one third of total revenue. Although over half of total sales originate in the United States, the company serves many European and Asian nations.
Executives
Alfieri Joseph J Iii officer: Vice President 400 JAMISON RD., EAST AURORA NY 14052
Michael A Schaff officer: Vice President 400 JAMISON RD., EAST AURORA NY 14052
Mark D Graczyk officer: Vice President 400 JAMISON RD., EAST AURORA NY 14052
Mahesh Narang director 500 JACKSON STREET, COLUMBUS IN 47201
Stuart Mclachlan officer: Vice President SENECA ST. & JAMISON RD, E. AURORA NY 14052
Janet M. Coletti director ONE M&T PLAZA, BUFFALO NY 14203
Michael J. Swope officer: Controller SENECA ST & JAMISON RD, EAST AURORA NY 14052
Paul Wilkinson officer: Vice President SENECA STREET & JAMISON ROAD, EAST AURORA NY 14052
Brenda Reichelderfer director ITT CORPORATION, 4 WEST RED OAK LANE, WHITE PLAINS NY 10604
R. Eric Burghardt officer: Vice President SENECA STREET & JAMISON ROAD, EAST AURORA NY 14052
Mark Joseph Trabert officer: Vice President SENECA STREET & JAMISON ROAD, EAST AURORA NY 14052
Maureen Mary Athoe officer: Vice President SENECA STREET & JAMISON ROAD, EAST AURORA NY 14052
Richard Bradley Lawrence director 500 108TH AVENUE NE, SUITE 1500, BELLEVUE WA 98004
Patrick J Roche officer: Vice President SENECA ST & JAMISON RD, EAST AURORA NY 14052
Gisel William G Jr director SENECA ST & JAMISON RD, EAST AURORA NY 14052

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