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Metcash (FRA:MG9) Cyclically Adjusted Price-to-FCF : 13.00 (As of May. 20, 2024)


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What is Metcash Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Metcash's current share price is €2.34. Metcash's Cyclically Adjusted FCF per Share for the fiscal year that ended in Apr23 was €0.18. Metcash's Cyclically Adjusted Price-to-FCF for today is 13.00.

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

FRA:MG9' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.08   Med: 11.8   Max: 17.74
Current: 12.77

During the past 13 years, Metcash's highest Cyclically Adjusted Price-to-FCF was 17.74. The lowest was 4.08. And the median was 11.80.

FRA:MG9's Cyclically Adjusted Price-to-FCF is ranked better than
58.73% of 126 companies
in the Retail - Defensive industry
Industry Median: 15.495 vs FRA:MG9: 12.77

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.

Metcash's adjusted free cash flow per share data of for the fiscal year that ended in Apr23 was €0.139. 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 €0.18 for the trailing ten years ended in Apr23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Metcash Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Metcash'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.

Metcash Cyclically Adjusted Price-to-FCF Chart

Metcash Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.44 10.92 13.16 16.70 12.93

Metcash Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 - 16.70 - 12.93 -

Competitive Comparison of Metcash's Cyclically Adjusted Price-to-FCF

For the Food Distribution subindustry, Metcash'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.


Metcash's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Metcash's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Metcash 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.34/0.18
=13.00

* 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.

Metcash's Cyclically Adjusted FCF per Share for the fiscal year that ended in Apr23 is calculated as:

For example, Metcash's adjusted Free Cash Flow per Share data for the fiscal year that ended in Apr23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr23 (Change)*Current CPI (Apr23)
=0.139/124.1700*124.1700
=0.139

Current CPI (Apr23) = 124.1700.

Metcash Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.217 98.352 0.274
201504 0.115 99.838 0.143
201604 0.073 100.859 0.090
201704 0.223 102.809 0.269
201804 0.185 104.945 0.219
201904 0.166 106.617 0.193
202004 0.075 106.246 0.088
202104 0.298 110.332 0.335
202204 0.215 117.112 0.228
202304 0.139 124.170 0.139

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.


Metcash  (FRA:MG9) 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.


Metcash Cyclically Adjusted Price-to-FCF Related Terms

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


Metcash (FRA:MG9) Business Description

Traded in Other Exchanges
Address
1 Thomas Holt Drive, Macquarie Park, Sydney, NSW, AUS, 2113
Metcash is a wholesale distribution and marketing company specialising in food, liquor, and hardware. Centralised wholesale distribution enables retailers to gain access to the combined scale of many retailers to negotiate material volume discounts.The food segment distributes of a range of products and services to independent supermarket and convenience stores. The hardware segment distributes hardware products to independent retail outlets and operates company-owned stores. The liquor segment distributes liquor products to independent retailers and pubs.

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