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Melcor Developments (Melcor Developments) Cyclically Adjusted Price-to-FCF : 8.44 (As of Jun. 16, 2024)


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What is Melcor Developments Cyclically Adjusted Price-to-FCF?

As of today (2024-06-16), Melcor Developments's current share price is $8.52. Melcor Developments's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.01. Melcor Developments's Cyclically Adjusted Price-to-FCF for today is 8.44.

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

MODVF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.78   Med: 10.75   Max: 37.18
Current: 8.36

During the past years, Melcor Developments's highest Cyclically Adjusted Price-to-FCF was 37.18. The lowest was 4.78. And the median was 10.75.

MODVF's Cyclically Adjusted Price-to-FCF is ranked better than
63.36% of 696 companies
in the Real Estate industry
Industry Median: 12.28 vs MODVF: 8.36

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.

Melcor Developments's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.033. 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 $1.01 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Melcor Developments Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Melcor Developments'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.

Melcor Developments Cyclically Adjusted Price-to-FCF Chart

Melcor Developments 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 10.55 7.89 9.82 7.22 7.89

Melcor Developments 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 8.57 8.21 8.65 7.89 8.22

Competitive Comparison of Melcor Developments's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Melcor Developments'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.


Melcor Developments's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Melcor Developments's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Melcor Developments 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.52/1.01
=8.44

* 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.

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

For example, Melcor Developments'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)
=0.033/126.2576*126.2576
=0.033

Current CPI (Mar. 2024) = 126.2576.

Melcor Developments Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.609 99.473 0.773
201409 0.350 99.394 0.445
201412 0.131 98.367 0.168
201503 -0.241 99.789 -0.305
201506 0.187 100.500 0.235
201509 0.532 100.421 0.669
201512 0.177 99.947 0.224
201603 0.516 101.054 0.645
201606 0.041 102.002 0.051
201609 0.797 101.765 0.989
201612 0.198 101.449 0.246
201703 0.305 102.634 0.375
201706 -0.056 103.029 -0.069
201709 -0.083 103.345 -0.101
201712 -0.023 103.345 -0.028
201803 0.018 105.004 0.022
201806 -0.068 105.557 -0.081
201809 0.082 105.636 0.098
201812 0.639 105.399 0.765
201903 0.074 106.979 0.087
201906 -0.091 107.690 -0.107
201909 0.472 107.611 0.554
201912 0.242 107.769 0.284
202003 0.108 107.927 0.126
202006 0.318 108.401 0.370
202009 0.321 108.164 0.375
202012 0.433 108.559 0.504
202103 0.505 110.298 0.578
202106 0.338 111.720 0.382
202109 0.249 112.905 0.278
202112 0.602 113.774 0.668
202203 0.020 117.646 0.021
202206 -0.058 120.806 -0.061
202209 0.193 120.648 0.202
202212 0.248 120.964 0.259
202303 -0.123 122.702 -0.127
202306 0.258 124.203 0.262
202309 0.835 125.230 0.842
202312 0.187 125.072 0.189
202403 0.033 126.258 0.033

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.


Melcor Developments  (OTCPK:MODVF) 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.


Melcor Developments Cyclically Adjusted Price-to-FCF Related Terms

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


Melcor Developments (Melcor Developments) Business Description

Traded in Other Exchanges
Address
10310 Jasper Avenue, Suite 900, Edmonton, AB, CAN, T5J 1Y8
Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.