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Maire SpA (CHIX:MAIREM) Cyclically Adjusted Price-to-FCF : 15.86 (As of May. 24, 2024)


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What is Maire SpA Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Maire SpA's current share price is €6.82. Maire SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.43. Maire SpA's Cyclically Adjusted Price-to-FCF for today is 15.86.

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

CHIX:MAIREm' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.95   Med: 15.92   Max: 140.5
Current: 16.39

During the past years, Maire SpA's highest Cyclically Adjusted Price-to-FCF was 140.50. The lowest was 9.95. And the median was 15.92.

CHIX:MAIREm's Cyclically Adjusted Price-to-FCF is ranked better than
55.18% of 560 companies
in the Construction industry
Industry Median: 18.34 vs CHIX:MAIREm: 16.39

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.

Maire SpA's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.167. 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 €0.43 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maire SpA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Maire SpA'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.

Maire SpA Cyclically Adjusted Price-to-FCF Chart

Maire SpA 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 - - - 16.58 11.37

Maire SpA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 12.81 10.13 11.01 11.37 15.65

Competitive Comparison of Maire SpA's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Maire SpA'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.


Maire SpA's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Maire SpA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Maire SpA 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.

Maire SpA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.82/0.43
=15.86

* 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.

Maire SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Maire SpA'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)
=0.167/120.2000*120.2000
=0.167

Current CPI (Mar. 2024) = 120.2000.

Maire SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.049 100.093 0.059
201409 0.101 99.814 0.122
201412 -0.035 99.721 -0.042
201503 0.208 99.814 0.250
201506 0.263 100.279 0.315
201509 0.282 100.000 0.339
201512 0.080 99.814 0.096
201603 0.072 99.600 0.087
201606 0.084 99.900 0.101
201609 0.125 100.100 0.150
201612 0.162 100.300 0.194
201703 -0.078 101.000 -0.093
201706 0.058 101.100 0.069
201709 0.160 101.200 0.190
201712 0.509 101.200 0.605
201803 -0.156 101.800 -0.184
201806 0.037 102.400 0.043
201809 -0.114 102.600 -0.134
201812 0.121 102.300 0.142
201903 -0.358 102.800 -0.419
201906 -0.393 103.100 -0.458
201909 0.169 102.900 0.197
201912 0.497 102.800 0.581
202003 -1.050 102.900 -1.227
202006 0.209 102.900 0.244
202009 -0.357 102.300 -0.419
202012 1.051 102.600 1.231
202103 0.072 103.700 0.083
202106 0.269 104.200 0.310
202109 0.036 104.900 0.041
202112 0.130 106.600 0.147
202203 0.183 110.400 0.199
202206 0.462 112.500 0.494
202209 0.252 114.200 0.265
202212 -0.129 119.000 -0.130
202303 0.065 118.800 0.066
202306 0.222 119.700 0.223
202309 0.110 120.300 0.110
202312 0.624 119.700 0.627
202403 0.167 120.200 0.167

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.


Maire SpA  (CHIX:MAIREm) 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.


Maire SpA Cyclically Adjusted Price-to-FCF Related Terms

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


Maire SpA (CHIX:MAIREM) Business Description

Industry
Traded in Other Exchanges
Address
Via Gaetano De Castillia 6A, Milan, ITA, 20124
Maire Tecnimont SpA is an Italy-based company that provides engineering and construction services and products through its subsidiary. The company operates through two segments. The Hydrocarbons business unit segment designs and constructs plants, for the natural gas chain involving separation, treatment, liquefaction, transport, storage, regasification and compression, and pumping stations. The Green Energy business unit segment is involved in undertaking mechanical plastics recycling and the promotion of recycled chemicals.

Maire SpA (CHIX:MAIREM) Headlines

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