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Modern Times Group MTG AB (FRA:MRTA) Cyclically Adjusted Price-to-FCF : 9.18 (As of Sep. 22, 2024)


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What is Modern Times Group MTG AB Cyclically Adjusted Price-to-FCF?

As of today (2024-09-22), Modern Times Group MTG AB's current share price is €6.70. Modern Times Group MTG AB's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was €0.73. Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF for today is 9.18.

The historical rank and industry rank for Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:MRTA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.76   Med: 8.61   Max: 13.64
Current: 9.34

During the past years, Modern Times Group MTG AB's highest Cyclically Adjusted Price-to-FCF was 13.64. The lowest was 4.76. And the median was 8.61.

FRA:MRTA's Cyclically Adjusted Price-to-FCF is ranked better than
74.79% of 119 companies
in the Interactive Media industry
Industry Median: 22 vs FRA:MRTA: 9.34

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.

Modern Times Group MTG AB's adjusted free cash flow per share data for the three months ended in Jun. 2024 was €0.273. 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 €0.73 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Modern Times Group MTG AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Modern Times Group MTG AB'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.

Modern Times Group MTG AB Cyclically Adjusted Price-to-FCF Chart

Modern Times Group MTG AB 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 8.00 10.84 9.13 10.03 10.19

Modern Times Group MTG AB Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 8.30 8.44 10.19 9.73 10.27

Competitive Comparison of Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF

For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB'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.


Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF falls into.



Modern Times Group MTG AB 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.

Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.70/0.73
=9.18

* 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.

Modern Times Group MTG AB's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Modern Times Group MTG AB's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.273/132.7160*132.7160
=0.273

Current CPI (Jun. 2024) = 132.7160.

Modern Times Group MTG AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -0.055 100.161 -0.073
201412 0.763 100.225 1.010
201503 -0.188 99.950 -0.250
201506 0.477 99.995 0.633
201509 0.195 100.228 0.258
201512 0.220 100.276 0.291
201603 -0.625 100.751 -0.823
201606 1.119 101.019 1.470
201609 -0.266 101.138 -0.349
201612 0.502 102.022 0.653
201703 -0.410 102.022 -0.533
201706 0.803 102.752 1.037
201709 -0.692 103.279 -0.889
201712 1.043 103.793 1.334
201803 -0.518 103.962 -0.661
201806 0.908 104.875 1.149
201809 0.071 105.679 0.089
201812 0.858 105.912 1.075
201903 -0.174 105.886 -0.218
201906 -0.085 106.742 -0.106
201909 -0.040 107.214 -0.050
201912 0.021 107.766 0.026
202003 -0.047 106.563 -0.059
202006 0.151 107.498 0.186
202009 0.117 107.635 0.144
202012 0.123 108.296 0.151
202103 0.001 108.360 0.001
202106 -0.011 108.928 -0.013
202109 -0.008 110.338 -0.010
202112 0.288 112.486 0.340
202203 0.068 114.825 0.079
202206 0.229 118.384 0.257
202209 0.220 122.296 0.239
202212 0.166 126.365 0.174
202303 0.190 127.042 0.198
202306 0.182 129.407 0.187
202309 0.300 130.224 0.306
202312 0.210 131.912 0.211
202403 0.212 132.205 0.213
202406 0.273 132.716 0.273

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.


Modern Times Group MTG AB  (FRA:MRTA) 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.


Modern Times Group MTG AB Cyclically Adjusted Price-to-FCF Related Terms

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


Modern Times Group MTG AB Business Description

Traded in Other Exchanges
Address
Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13
Modern Times Group MTG AB invests in esports, mobile games and other digital entertainment. The group's companies offer a wide range of games available to audiences all over the world. MTG's portfolio of IP spans across both the casual and mid-core segments of the gaming market. A vast majority of games are available to consumers on a free-to-play (F2P) basis, and the group primarily generates revenues from in-app purchases and in-app advertising. The Group operates in Europe, Singapore, USA, India and New Zealand.

Modern Times Group MTG AB Headlines

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