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Mastercard (XSGO:MACL) Cyclically Adjusted FCF per Share : CLP8,523.87 (As of Mar. 2025)


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What is Mastercard 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.

Mastercard's adjusted free cash flow per share for the three months ended in Mar. 2025 was CLP2,063.565. 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 CLP8,523.87 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Mastercard's average Cyclically Adjusted FCF Growth Rate was 17.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 18.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 19.90% 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 Mastercard was 24.90% per year. The lowest was 15.10% per year. And the median was 19.50% per year.

As of today (2025-05-27), Mastercard's current stock price is CLP539843.00. Mastercard's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was CLP8,523.87. Mastercard's Cyclically Adjusted Price-to-FCF of today is 63.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Mastercard was 89.74. The lowest was 45.57. And the median was 62.36.


Mastercard Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Mastercard'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.

Mastercard Cyclically Adjusted FCF per Share Chart

Mastercard 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 - - - - 8,809.07

Mastercard 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 - 7,521.95 7,701.24 8,809.07 8,523.87

Competitive Comparison of Mastercard's Cyclically Adjusted FCF per Share

For the Credit Services subindustry, Mastercard'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.


Mastercard's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Mastercard's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Mastercard 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, Mastercard'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)
=2063.565/134.9266*134.9266
=2,063.565

Current CPI (Mar. 2025) = 134.9266.

Mastercard Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 406.944 100.684 545.346
201509 711.496 100.392 956.254
201512 625.310 99.792 845.465
201603 601.391 100.470 807.637
201606 589.488 101.688 782.172
201609 805.215 101.861 1,066.600
201612 605.444 101.863 801.967
201703 387.270 102.862 507.991
201706 773.338 103.349 1,009.625
201709 970.674 104.136 1,257.685
201712 1,016.806 104.011 1,319.034
201803 519.521 105.290 665.757
201806 828.958 106.317 1,052.030
201809 1,458.826 106.507 1,848.094
201812 797.063 105.998 1,014.596
201903 759.132 107.251 955.027
201906 912.795 108.070 1,139.640
201909 1,506.626 108.329 1,876.535
201912 2,111.449 108.420 2,627.655
202003 1,372.817 108.902 1,700.891
202006 1,006.697 108.767 1,248.815
202009 1,145.651 109.815 1,407.630
202012 1,535.199 109.897 1,884.852
202103 959.649 111.754 1,158.632
202106 1,521.057 114.631 1,790.356
202109 1,819.835 115.734 2,121.620
202112 2,552.042 117.630 2,927.313
202203 1,211.045 121.301 1,347.080
202206 2,021.418 125.017 2,181.651
202209 3,418.699 125.227 3,683.513
202212 2,503.959 125.222 2,698.018
202303 1,323.424 127.348 1,402.184
202306 2,076.705 128.729 2,176.692
202309 2,819.648 129.860 2,929.670
202312 3,608.638 129.419 3,762.197
202403 1,342.008 131.776 1,374.092
202406 2,835.564 132.554 2,886.322
202409 4,870.627 133.029 4,940.108
202412 4,916.506 133.157 4,981.841
202503 2,063.565 134.927 2,063.565

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


Mastercard  (XSGO:MACL) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=539843.00/8523.87
=63.33

* 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 Mastercard was 89.74. The lowest was 45.57. And the median was 62.36.


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.


Mastercard Cyclically Adjusted FCF per Share Related Terms

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


Mastercard Business Description

Address
2000 Purchase Street, Purchase, NY, USA, 10577
Mastercard is the second-largest payment processor in the world, having processed close to $10 trillion in volume during 2024. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.

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