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Magnite (Magnite) Cyclically Adjusted Price-to-FCF : 32.79 (As of Apr. 29, 2024)


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What is Magnite Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Magnite's current share price is $9.18. Magnite's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.28. Magnite's Cyclically Adjusted Price-to-FCF for today is 32.79.

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

MGNI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 25.38   Med: 48.37   Max: 103.77
Current: 32.66

During the past years, Magnite's highest Cyclically Adjusted Price-to-FCF was 103.77. The lowest was 25.38. And the median was 48.37.

MGNI's Cyclically Adjusted Price-to-FCF is ranked worse than
73.18% of 358 companies
in the Media - Diversified industry
Industry Median: 16.62 vs MGNI: 32.66

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.

Magnite's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.557. 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 $0.28 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Magnite Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Magnite'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.

Magnite Cyclically Adjusted Price-to-FCF Chart

Magnite 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 - - - 56.37 33.19

Magnite Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 56.37 49.64 77.07 28.75 33.19

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

For the Advertising Agencies subindustry, Magnite'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.


Magnite's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Magnite's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Magnite 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.18/0.28
=32.79

* 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.

Magnite's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Magnite's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.557/129.4194*129.4194
=0.557

Current CPI (Dec. 2023) = 129.4194.

Magnite Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.142 99.695 -0.184
201406 -0.108 100.560 -0.139
201409 -0.045 100.428 -0.058
201412 -0.084 99.070 -0.110
201503 0.505 99.621 0.656
201506 0.057 100.684 0.073
201509 -0.313 100.392 -0.404
201512 0.668 99.792 0.866
201603 0.142 100.470 0.183
201606 0.375 101.688 0.477
201609 0.115 101.861 0.146
201612 -0.066 101.863 -0.084
201703 -0.051 102.862 -0.064
201706 0.126 103.349 0.158
201709 -0.308 104.136 -0.383
201712 -0.151 104.011 -0.188
201803 -0.253 105.290 -0.311
201806 -0.291 106.317 -0.354
201809 -0.148 106.507 -0.180
201812 -0.158 105.998 -0.193
201903 -0.110 107.251 -0.133
201906 0.093 108.070 0.111
201909 -0.018 108.329 -0.022
201912 0.260 108.420 0.310
202003 -0.179 108.902 -0.213
202006 -0.182 108.767 -0.217
202009 -0.050 109.815 -0.059
202012 0.010 109.897 0.012
202103 -0.039 111.754 -0.045
202106 0.110 114.631 0.124
202109 0.184 115.734 0.206
202112 0.360 117.630 0.396
202203 0.084 121.301 0.090
202206 0.279 125.017 0.289
202209 0.201 125.227 0.208
202212 0.550 125.222 0.568
202303 -0.285 127.348 -0.290
202306 0.463 128.729 0.465
202309 0.548 129.860 0.546
202312 0.557 129.419 0.557

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.


Magnite  (NAS:MGNI) 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.


Magnite Cyclically Adjusted Price-to-FCF Related Terms

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


Magnite (Magnite) Business Description

Traded in Other Exchanges
Address
1250 Broadway, 15th Floor, New York, NY, USA, 10001
Magnite is one of the largest supply-side platform providers, or SSP, in online advertising. The firm was previously named The Rubicon Project (an online ad exchange) and became Magnite after merging with Telaria (an SSP focused mainly on streaming video providers) in 2020. The firm also purchased another of the leading SSPs within the CTV market, SpotX, in 2021 for $1.2 billion, cementing its long-term focus on grabbing market share in this area. The firm generates nearly 45% of its revenue from the programmatic sale of CTV ad inventory, 35% from mobile online sites and apps, and the remaining from websites accessed via computer.
Executives
Michael G. Barrett director, officer: CEO C/O THE RUBICON PROJECT, INC., 12181 BLUFF CREEK DRIVE, 4TH FLOOR, PLAYA VISTA CA 90094
David Buonasera officer: Chief Technology Officer C/O MAGNITE, INC., 1250 BROADWAY, 15TH FLOOR, NEW YORK NY 10001
Robert F Spillane director 12181 BLUFF CREEK DRIVE, 4TH FLOOR, LOS ANGELES CA 90094
Sean Patrick Buckley officer: Chief Revenue Officer, CTV C/O MAGNITE, INC., 6080 CENTER DRIVE, 4TH FLOOR, LOS ANGELES CA 90045
Aaron Saltz officer: General Counsel & Secy C/O TELARIA INC., 222 BROADWAY, 16TH FLOOR, NEW YORK NY 10038
Adam Lee Soroca officer: Head of Global Buyer Team C/O THE RUBICON PROJECT, INC., 12181 BLUFF CREEK DR., 4TH FLOOR, PLAYA VISTA CA 90094
Katie Seitz Evans officer: Chief Operating Officer C/O TREMOR VIDEO, INC., 1501 BROADWAY, SUITE 801, NEW YORK NY 10036
David Day officer: Chief Accounting Officer 21700 OXNARD STREET, SUITE 1600, WOODLAND HILLS CA 91367
Brian Gephart officer: Chief Accounting Officer 1655 26TH STREET, SANTA MONICA CA 90404
Lisa L Troe director 12181 BLUFF CREEK DRIVE, 4TH FLOOR, LOS ANGELES CA 90094
Rachel Lam director C/O TREMOR VIDEO, INC., 53 WEST 23RD STREET, NEW YORK NY 10010
David T. Pearson director C/O VONAGE HOLDINGS CORP, 23 MAIN STREET, HOLMDEL NJ 07733
Diane Yu director C/O MAGNITE, INC., 1250 BROADWAY, 15TH FLOOR, NEW YORK NY 10001
Joseph R Prusz officer: Global Chief Revenue Officer C/O THE RUBICON PROJECT, INC., 12181 BLUFF CREEK DRIVE, 4TH FLOOR, PLAYA VISTA CA 90094
Paul Caine director C/O TREMOR VIDEO, INC., 53 WEST 23RD STREET, NEW YORK NY 10010