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Migros Ticaret AS (IST:MGROS) Cyclically Adjusted Price-to-FCF : 6.68 (As of Sep. 24, 2024)


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What is Migros Ticaret AS Cyclically Adjusted Price-to-FCF?

As of today (2024-09-24), Migros Ticaret AS's current share price is ₺494.75. Migros Ticaret AS's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was ₺74.02. Migros Ticaret AS's Cyclically Adjusted Price-to-FCF for today is 6.68.

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

IST:MGROS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.04   Med: 8.66   Max: 17.76
Current: 6.71

During the past years, Migros Ticaret AS's highest Cyclically Adjusted Price-to-FCF was 17.76. The lowest was 5.04. And the median was 8.66.

IST:MGROS's Cyclically Adjusted Price-to-FCF is ranked better than
83.62% of 116 companies
in the Retail - Defensive industry
Industry Median: 15.975 vs IST:MGROS: 6.71

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.

Migros Ticaret AS's adjusted free cash flow per share data for the three months ended in Jun. 2024 was ₺239.347. 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 ₺74.02 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Migros Ticaret AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Migros Ticaret AS'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.

Migros Ticaret AS Cyclically Adjusted Price-to-FCF Chart

Migros Ticaret AS 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 8.85 10.43 6.70 13.03 7.01

Migros Ticaret AS 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 4.46 7.64 7.01 8.32 7.16

Competitive Comparison of Migros Ticaret AS's Cyclically Adjusted Price-to-FCF

For the Grocery Stores subindustry, Migros Ticaret AS'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.


Migros Ticaret AS's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

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

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



Migros Ticaret AS 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.

Migros Ticaret AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=494.75/74.02
=6.68

* 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.

Migros Ticaret AS's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Migros Ticaret AS'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)
=239.347/132.5538*132.5538
=239.347

Current CPI (Jun. 2024) = 132.5538.

Migros Ticaret AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.813 100.428 1.073
201412 -0.648 99.070 -0.867
201503 0.418 99.621 0.556
201506 0.712 100.684 0.937
201509 1.664 100.392 2.197
201512 -0.994 99.792 -1.320
201603 -0.027 100.470 -0.036
201606 0.799 101.688 1.042
201609 1.188 101.861 1.546
201612 0.754 101.863 0.981
201703 -0.392 102.862 -0.505
201706 1.412 103.349 1.811
201709 1.587 104.136 2.020
201712 0.986 104.011 1.257
201803 -1.165 105.290 -1.467
201806 2.043 106.317 2.547
201809 3.623 106.507 4.509
201812 -0.637 105.998 -0.797
201903 0.641 107.251 0.792
201906 3.825 108.070 4.692
201909 4.424 108.329 5.413
201912 1.296 108.420 1.584
202003 2.289 108.902 2.786
202006 5.423 108.767 6.609
202009 4.623 109.815 5.580
202012 1.381 109.897 1.666
202103 -0.295 111.754 -0.350
202106 3.811 114.631 4.407
202109 6.546 115.734 7.497
202112 2.553 117.630 2.877
202203 0.825 121.301 0.902
202206 8.207 125.017 8.702
202209 14.459 125.227 15.305
202212 29.996 125.222 31.752
202303 7.485 127.348 7.791
202306 355.335 128.729 365.894
202309 -2.156 129.860 -2.201
202312 0.966 129.419 0.989
202403 12.612 131.776 12.686
202406 239.347 132.554 239.347

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.


Migros Ticaret AS  (IST:MGROS) 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.


Migros Ticaret AS Cyclically Adjusted Price-to-FCF Related Terms

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


Migros Ticaret AS Business Description

Traded in Other Exchanges
N/A
Address
Atatürk Mah. Turgut Özal Bulvar? No: 7, Atasehir - Istanbul, TUR, 34758
Migros Turk TAS is a Turkey-based company that is principally engaged in the retail business. The company offers a broad range of merchandise, including food items, groceries, cosmetics, glass and kitchenware, stationery, electronic appliances, books, and others. The company operates through a number of store brands, including Migros stores, which account for the majority of the company's total stores; Macrocenter stores, which provides exclusive goods; and Ramstore stores, which are located outside Turkey and offer Turkish products. The company also operates business through an online channel. It generates the majority of its total revenue from the domestic market.

Migros Ticaret AS Headlines

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