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Meta Platforms (UKEX:FB) Cyclically Adjusted FCF per Share : ₴343.57 (As of Mar. 2024)


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What is Meta Platforms 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.

Meta Platforms's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₴194.137. 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 ₴343.57 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Meta Platforms's average Cyclically Adjusted FCF Growth Rate was 28.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 29.00% 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 Meta Platforms was 29.00% per year. The lowest was 29.00% per year. And the median was 29.00% per year.

As of today (2024-05-20), Meta Platforms's current stock price is ₴18766.00. Meta Platforms's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₴343.57. Meta Platforms's Cyclically Adjusted Price-to-FCF of today is 54.62.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Meta Platforms was 82.15. The lowest was 14.25. And the median was 42.35.


Meta Platforms Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Meta Platforms'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.

Meta Platforms Cyclically Adjusted FCF per Share Chart

Meta Platforms 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 - - 160.43 353.68 152.37

Meta Platforms 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 212.16 166.65 171.43 152.37 343.57

Competitive Comparison of Meta Platforms's Cyclically Adjusted FCF per Share

For the Internet Content & Information subindustry, Meta Platforms'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.


Meta Platforms's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Meta Platforms's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Meta Platforms 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, Meta Platforms'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)
=194.137/131.7762*131.7762
=194.137

Current CPI (Mar. 2024) = 131.7762.

Meta Platforms Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 13.229 100.560 17.336
201409 11.493 100.428 15.081
201412 41.465 99.070 55.154
201503 16.758 99.621 22.167
201506 18.527 100.684 24.248
201509 19.565 100.392 25.681
201512 53.337 99.792 70.432
201603 32.023 100.470 42.001
201606 36.262 101.688 46.991
201609 39.806 101.861 51.496
201612 49.299 101.863 63.776
201703 51.030 102.862 65.374
201706 52.643 103.349 67.123
201709 58.674 104.136 74.248
201712 72.430 104.011 91.765
201803 67.999 105.290 85.105
201806 38.425 106.317 47.627
201809 56.598 106.507 70.026
201812 45.516 105.998 56.585
201903 75.649 107.251 92.948
201906 68.758 108.070 83.841
201909 79.714 108.329 96.967
201912 68.662 108.420 83.453
202003 102.953 108.902 124.578
202006 8.571 108.767 10.384
202009 84.254 109.815 101.104
202012 128.168 109.897 153.685
202103 109.280 111.754 128.858
202106 118.667 114.631 136.415
202109 135.205 115.734 153.946
202112 179.479 117.630 201.064
202203 124.929 121.301 135.718
202206 67.614 125.017 71.270
202209 4.680 125.227 4.925
202212 81.733 125.222 86.011
202303 109.644 127.348 113.457
202306 168.190 128.729 172.172
202309 208.177 129.860 211.250
202312 175.933 129.419 179.137
202403 194.137 131.776 194.137

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


Meta Platforms  (UKEX:FB) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=18766.00/343.57
=54.62

* 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 Meta Platforms was 82.15. The lowest was 14.25. And the median was 42.35.


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.


Meta Platforms Cyclically Adjusted FCF per Share Related Terms

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


Meta Platforms (UKEX:FB) Business Description

Address
1601 Willow Road, Menlo Park, CA, USA, 94025
Meta is the world's largest online social network, with 3.8 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with more than 45% coming from the U.S. and Canada and over 20% from Europe.

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