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Moscow Exchange MICEX-RTS PJSC (MIC:MOEX) Cyclically Adjusted Price-to-FCF : 3.59 (As of Jun. 14, 2024)


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What is Moscow Exchange MICEX-RTS PJSC Cyclically Adjusted Price-to-FCF?

As of today (2024-06-14), Moscow Exchange MICEX-RTS PJSC's current share price is ₽251.94. Moscow Exchange MICEX-RTS PJSC's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was ₽70.14. Moscow Exchange MICEX-RTS PJSC's Cyclically Adjusted Price-to-FCF for today is 3.59.

The historical rank and industry rank for Moscow Exchange MICEX-RTS PJSC's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

MIC:MOEX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.6   Med: 3.08   Max: 15.45
Current: 3.55

During the past years, Moscow Exchange MICEX-RTS PJSC's highest Cyclically Adjusted Price-to-FCF was 15.45. The lowest was 0.60. And the median was 3.08.

MIC:MOEX's Cyclically Adjusted Price-to-FCF is ranked better than
91.25% of 240 companies
in the Capital Markets industry
Industry Median: 18.625 vs MIC:MOEX: 3.55

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.

Moscow Exchange MICEX-RTS PJSC's adjusted free cash flow per share data for the three months ended in Sep. 2023 was ₽129.820. 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 ₽70.14 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Moscow Exchange MICEX-RTS PJSC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Moscow Exchange MICEX-RTS PJSC'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.

Moscow Exchange MICEX-RTS PJSC Cyclically Adjusted Price-to-FCF Chart

Moscow Exchange MICEX-RTS PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 13.05 9.30 1.40

Moscow Exchange MICEX-RTS PJSC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.69 1.40 1.71 2.09 2.55

Competitive Comparison of Moscow Exchange MICEX-RTS PJSC's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, Moscow Exchange MICEX-RTS PJSC'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.


Moscow Exchange MICEX-RTS PJSC's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Moscow Exchange MICEX-RTS PJSC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Moscow Exchange MICEX-RTS PJSC's Cyclically Adjusted Price-to-FCF falls into.



Moscow Exchange MICEX-RTS PJSC 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.

Moscow Exchange MICEX-RTS PJSC's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=251.94/70.14
=3.59

* 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.

Moscow Exchange MICEX-RTS PJSC's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Moscow Exchange MICEX-RTS PJSC's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=129.82/242.6000*242.6000
=129.820

Current CPI (Sep. 2023) = 242.6000.

Moscow Exchange MICEX-RTS PJSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 5.129 124.900 9.962
201403 88.842 127.800 168.647
201406 88.788 130.900 164.553
201409 -88.526 132.700 -161.842
201412 183.827 139.000 320.838
201503 1.183 149.400 1.921
201506 -47.992 150.900 -77.156
201509 -106.738 153.500 -168.695
201512 35.797 157.000 55.314
201603 -116.286 160.200 -176.099
201606 0.345 162.200 0.516
201609 -61.526 163.300 -91.404
201612 -18.862 165.400 -27.666
201703 147.235 167.000 213.887
201706 -125.771 169.200 -180.331
201709 -64.981 168.200 -93.724
201712 -6.519 169.600 -9.325
201803 57.608 171.000 81.729
201806 -54.213 173.100 -75.980
201809 -15.726 173.900 -21.939
201812 50.140 176.800 68.801
201903 155.331 179.900 209.468
201906 -31.054 181.200 -41.577
201909 -5.880 180.800 -7.890
201912 -71.419 182.200 -95.095
202003 51.967 184.500 68.332
202006 -78.310 187.000 -101.594
202009 -7.907 187.400 -10.236
202012 13.070 191.100 16.592
202103 13.840 195.200 17.201
202106 41.735 199.100 50.853
202109 30.970 201.300 37.324
202112 -44.809 207.200 -52.465
202203 1,208.288 227.800 1,286.790
202206 -68.760 230.800 -72.275
202209 -238.004 228.800 -252.359
202212 -370.899 231.900 -388.012
202303 -0.776 235.800 -0.798
202306 -92.968 238.300 -94.646
202309 129.820 242.600 129.820

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.


Moscow Exchange MICEX-RTS PJSC  (MIC:MOEX) 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.


Moscow Exchange MICEX-RTS PJSC Cyclically Adjusted Price-to-FCF Related Terms

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


Moscow Exchange MICEX-RTS PJSC (MIC:MOEX) Business Description

Traded in Other Exchanges
N/A
Address
13 Bolshoy Kislovsky per, Moscow, RUS, 125009
Moscow Exchange MICEX-RTS PJSC is an integrated exchange structure that offers financial market participants a full set of competitive trading, clearing, settlement, depository, and information services. The company operates in the foreign currencies exchange market, government securities and money market, market of derivative financial instruments, equities market, corporate and regional bonds market, the commodities market.

Moscow Exchange MICEX-RTS PJSC (MIC:MOEX) Headlines

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