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Mueller Industries (FRA:MUD) Cyclically Adjusted Price-to-FCF : 25.22 (As of May. 14, 2024)


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What is Mueller Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Mueller Industries's current share price is €56.50. Mueller Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.24. Mueller Industries's Cyclically Adjusted Price-to-FCF for today is 25.22.

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

FRA:MUD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.93   Med: 20.85   Max: 28.69
Current: 23.18

During the past years, Mueller Industries's highest Cyclically Adjusted Price-to-FCF was 28.69. The lowest was 11.93. And the median was 20.85.

FRA:MUD's Cyclically Adjusted Price-to-FCF is ranked better than
64.76% of 1033 companies
in the Industrial Products industry
Industry Median: 33.75 vs FRA:MUD: 23.18

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.

Mueller Industries's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €1.267. 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 €2.24 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mueller Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mueller Industries'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.

Mueller Industries Cyclically Adjusted Price-to-FCF Chart

Mueller Industries 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 19.68 18.14 25.26 16.30 20.37

Mueller Industries 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 18.73 21.55 16.77 20.37 21.46

Competitive Comparison of Mueller Industries's Cyclically Adjusted Price-to-FCF

For the Metal Fabrication subindustry, Mueller Industries'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.


Mueller Industries's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mueller Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Mueller Industries 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=56.50/2.24
=25.22

* 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.

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

For example, Mueller Industries'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)
=1.267/129.4194*129.4194
=1.267

Current CPI (Mar. 2024) = 129.4194.

Mueller Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.103 100.560 -0.133
201409 0.311 100.428 0.401
201412 0.540 99.070 0.705
201503 -0.028 99.621 -0.036
201506 0.037 100.684 0.048
201509 0.561 100.392 0.723
201512 0.466 99.792 0.604
201603 0.035 100.470 0.045
201606 0.212 101.688 0.270
201609 0.182 101.861 0.231
201612 0.540 101.863 0.686
201703 -0.153 102.862 -0.193
201706 0.150 103.349 0.188
201709 0.260 104.136 0.323
201712 -0.281 104.011 -0.350
201803 -0.226 105.290 -0.278
201806 0.428 106.317 0.521
201809 0.601 106.507 0.730
201812 0.182 105.998 0.222
201903 -0.248 107.251 -0.299
201906 0.648 108.070 0.776
201909 0.490 108.329 0.585
201912 0.459 108.420 0.548
202003 0.088 108.902 0.105
202006 0.866 108.767 1.030
202009 0.355 109.815 0.418
202012 0.244 109.897 0.287
202103 -0.236 111.754 -0.273
202106 0.169 114.631 0.191
202109 1.232 115.734 1.378
202112 0.964 117.630 1.061
202203 0.460 121.301 0.491
202206 1.035 125.017 1.071
202209 2.739 125.227 2.831
202212 1.666 125.222 1.722
202303 0.862 127.348 0.876
202306 0.952 128.729 0.957
202309 1.954 129.860 1.947
202312 1.285 129.419 1.285
202403 1.267 129.419 1.267

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.


Mueller Industries  (FRA:MUD) 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.


Mueller Industries Cyclically Adjusted Price-to-FCF Related Terms

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


Mueller Industries (FRA:MUD) Business Description

Traded in Other Exchanges
Address
150 Schilling Boulevard, Suite 100, Collierville, TN, USA, 38017
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning most of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms worldwide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive. Most sales derive from the United States, but the company operates worldwide.

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