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Ciments du Maroc (CAS:CMA) Cyclically Adjusted Price-to-FCF : 18.25 (As of May. 26, 2024)


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What is Ciments du Maroc Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Ciments du Maroc's current share price is MAD1849.00. Ciments du Maroc's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was MAD101.29. Ciments du Maroc's Cyclically Adjusted Price-to-FCF for today is 18.25.

The historical rank and industry rank for Ciments du Maroc's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CAS:CMA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.5   Med: 22.3   Max: 38.79
Current: 17.63

During the past 13 years, Ciments du Maroc's highest Cyclically Adjusted Price-to-FCF was 38.79. The lowest was 11.50. And the median was 22.30.

CAS:CMA's Cyclically Adjusted Price-to-FCF is ranked worse than
54.12% of 194 companies
in the Building Materials industry
Industry Median: 16.41 vs CAS:CMA: 17.63

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.

Ciments du Maroc's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was MAD83.291. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is MAD101.29 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ciments du Maroc Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ciments du Maroc's Cyclically Adjusted Price-to-FCF 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.

Ciments du Maroc Cyclically Adjusted Price-to-FCF Chart

Ciments du Maroc Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.96 18.11 18.91 12.57 16.59

Ciments du Maroc Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cyclically Adjusted Price-to-FCF 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 18.91 - 12.57 - 16.59

Competitive Comparison of Ciments du Maroc's Cyclically Adjusted Price-to-FCF

For the Building Materials subindustry, Ciments du Maroc'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.


Ciments du Maroc's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ciments du Maroc's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ciments du Maroc Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Ciments du Maroc's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1849.00/101.29
=18.25

* 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.

Ciments du Maroc's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Ciments du Maroc's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=83.291/129.4194*129.4194
=83.291

Current CPI (Dec23) = 129.4194.

Ciments du Maroc Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 65.306 99.070 85.312
201512 90.379 99.792 117.211
201612 79.085 101.863 100.480
201712 122.767 104.011 152.757
201812 118.506 105.998 144.691
201912 101.613 108.420 121.294
202012 83.546 109.897 98.388
202112 90.534 117.630 99.608
202212 9.588 125.222 9.909
202312 83.291 129.419 83.291

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


Ciments du Maroc  (CAS:CMA) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Ciments du Maroc Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Ciments du Maroc's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Ciments du Maroc (CAS:CMA) Business Description

Traded in Other Exchanges
N/A
Address
621. Boulevard Panoramique, Casablanca, MAR, 20150
Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.