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MARA Holdings (WBO:MARA) Cyclically Adjusted FCF per Share : €-2.09 (As of Mar. 2025)


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What is MARA Holdings 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.

MARA Holdings's adjusted free cash flow per share for the three months ended in Mar. 2025 was €-0.684. 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 €-2.09 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.80% 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 MARA Holdings was 23.10% per year. The lowest was 9.80% per year. And the median was 16.45% per year.

As of today (2025-05-28), MARA Holdings's current stock price is €14.32. MARA Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €-2.09. MARA Holdings's Cyclically Adjusted Price-to-FCF of today is .


MARA Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for MARA Holdings'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.

MARA Holdings Cyclically Adjusted FCF per Share Chart

MARA Holdings 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 - - - - -2.37

MARA Holdings 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 - - - -2.37 -2.09

Competitive Comparison of MARA Holdings's Cyclically Adjusted FCF per Share

For the Capital Markets subindustry, MARA Holdings'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.


MARA Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MARA Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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MARA Holdings 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, MARA Holdings'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)
=-0.684/134.9266*134.9266
=-0.684

Current CPI (Mar. 2025) = 134.9266.

MARA Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -4.512 100.684 -6.047
201509 2.645 100.392 3.555
201512 -0.077 99.792 -0.104
201603 0.106 100.470 0.142
201606 10.533 101.688 13.976
201609 -4.091 101.861 -5.419
201612 -1.119 101.863 -1.482
201703 -3.668 102.862 -4.811
201706 -1.546 103.349 -2.018
201709 -4.116 104.136 -5.333
201712 1.437 104.011 1.864
201803 -2.067 105.290 -2.649
201806 -0.241 106.317 -0.306
201809 -0.236 106.507 -0.299
201812 -0.132 105.998 -0.168
201903 -0.113 107.251 -0.142
201906 -0.092 108.070 -0.115
201909 -0.104 108.329 -0.130
201912 -0.132 108.420 -0.164
202003 -0.112 108.902 -0.139
202006 -0.055 108.767 -0.068
202009 -0.037 109.815 -0.045
202012 -0.043 109.897 -0.053
202103 -0.249 111.754 -0.301
202106 -0.374 114.631 -0.440
202109 -0.015 115.734 -0.017
202112 -1.877 117.630 -2.153
202203 -0.287 121.301 -0.319
202206 -0.190 125.017 -0.205
202209 -0.424 125.227 -0.457
202212 -0.858 125.222 -0.924
202303 -0.601 127.348 -0.637
202306 -0.315 128.729 -0.330
202309 -0.429 129.860 -0.446
202312 -0.347 129.419 -0.362
202403 -0.335 131.776 -0.343
202406 -0.441 132.554 -0.449
202409 -0.605 133.029 -0.614
202412 -1.202 133.157 -1.218
202503 -0.684 134.927 -0.684

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


MARA Holdings  (WBO:MARA) 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.


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.


MARA Holdings Cyclically Adjusted FCF per Share Related Terms

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


MARA Holdings Business Description

Address
101 NE Third Avenue, Suite 1200, Fort Lauderdale, FL, USA, 33301
MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value. The company also offers technology solutions to optimize data center operations, including next-generation liquid immersion cooling and firmware for bitcoin miners. It is focused on computing for, acquiring, and holding digital assets as a long-term investment.