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MasTec (FRA:MY8) Cyclically Adjusted Price-to-FCF : 19.65 (As of Jul. 22, 2024)


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What is MasTec Cyclically Adjusted Price-to-FCF?

As of today (2024-07-22), MasTec's current share price is €95.50. MasTec's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.86. MasTec's Cyclically Adjusted Price-to-FCF for today is 19.65.

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

FRA:MY8' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.52   Med: 25.18   Max: 77.38
Current: 19.82

During the past years, MasTec's highest Cyclically Adjusted Price-to-FCF was 77.38. The lowest was 10.52. And the median was 25.18.

FRA:MY8's Cyclically Adjusted Price-to-FCF is ranked worse than
54.31% of 591 companies
in the Construction industry
Industry Median: 17.51 vs FRA:MY8: 19.82

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.

MasTec's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.972. 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 €4.86 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MasTec Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MasTec'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.

MasTec Cyclically Adjusted Price-to-FCF Chart

MasTec 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 28.84 22.76 22.33 19.56 15.08

MasTec 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 22.27 27.72 15.91 15.08 17.58

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

For the Engineering & Construction subindustry, MasTec'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.


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

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

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



MasTec 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=95.50/4.86
=19.65

* 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.

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

For example, MasTec'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)
=0.972/131.7762*131.7762
=0.972

Current CPI (Mar. 2024) = 131.7762.

MasTec Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.371 100.560 0.486
201409 0.021 100.428 0.028
201412 2.121 99.070 2.821
201503 1.112 99.621 1.471
201506 0.153 100.684 0.200
201509 0.853 100.392 1.120
201512 1.070 99.792 1.413
201603 0.028 100.470 0.037
201606 -0.415 101.688 -0.538
201609 0.803 101.861 1.039
201612 0.584 101.863 0.756
201703 1.426 102.862 1.827
201706 -3.053 103.349 -3.893
201709 2.446 104.136 3.095
201712 -0.640 104.011 -0.811
201803 0.601 105.290 0.752
201806 -1.344 106.317 -1.666
201809 -0.462 106.507 -0.572
201812 5.174 105.998 6.432
201903 -0.951 107.251 -1.168
201906 4.384 108.070 5.346
201909 0.745 108.329 0.906
201912 0.798 108.420 0.970
202003 1.712 108.902 2.072
202006 2.340 108.767 2.835
202009 1.916 109.815 2.299
202012 2.506 109.897 3.005
202103 2.379 111.754 2.805
202106 0.485 114.631 0.558
202109 1.315 115.734 1.497
202112 3.065 117.630 3.434
202203 0.587 121.301 0.638
202206 -2.964 125.017 -3.124
202209 1.260 125.227 1.326
202212 2.222 125.222 2.338
202303 -1.816 127.348 -1.879
202306 -0.792 128.729 -0.811
202309 3.060 129.860 3.105
202312 5.359 129.419 5.457
202403 0.972 131.776 0.972

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.


MasTec  (FRA:MY8) 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.


MasTec Cyclically Adjusted Price-to-FCF Related Terms

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


MasTec (FRA:MY8) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (FRA:MY8) » Definitions » Cyclically Adjusted Price-to-FCF
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Address
800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134
MasTec is a leading infrastructure construction company operating mainly in North America across a range of industries. The company's primary activities include the engineering, building, installation, maintenance, and upgrade of communications, oil and gas, utility, renewable energy, and other infrastructure. MasTec reports its results under five reportable segments: 1) communications; 2) clean energy and infrastructure; 3) oil and gas; 4) power delivery, and 5) other.

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