Matas AS (OCSE:MATAS) Cyclically Adjusted Price-to-FCF: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OCSE:MATAS Matas AS OCSE:MATAS
84 GF Score
Price kr85.70
GF Value kr146.67
Valuation Significantly Undervalued
! 8 Warning Signs
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What is Matas AS Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Matas AS  (OCSE:MATAS) 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.


Matas AS Cyclically Adjusted Price-to-FCF Related Terms


Matas AS Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Matas 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.

Matas AS Cyclically Adjusted Price-to-FCF Chart

Matas AS Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.14 6.45 8.89 10.58 8.33

Matas AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 10.18 10.25 9.58 8.23 6.70

OCSE:MATAS vs CASY, WSM, ULTA: Cyclically Adjusted Price-to-FCF Comparison

For the Specialty Retail subindustry, Matas 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.


Matas AS Cyclically Adjusted Price-to-FCF vs Retail - Cyclical Industry

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

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


OCSE:MATAS
84GF Score
Matas AS OCSE:MATAS
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Matas 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.

Matas AS's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Matas AS's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.729/122.9500*122.9500
=3.729

Current CPI (Jun. 2026) = 122.9500.

Matas AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.245 100.200 -0.301
201612 8.255 100.300 10.119
201703 1.658 101.200 2.014
201706 1.428 101.200 1.735
201709 0.918 101.800 1.109
201712 6.566 101.300 7.969
201803 -0.126 101.700 -0.152
201806 2.192 102.300 2.634
201809 0.616 102.400 0.740
201812 6.680 102.100 8.044
201903 0.708 102.900 0.846
201906 1.362 102.900 1.627
201909 2.061 102.900 2.463
201912 4.747 102.900 5.672
202003 -0.592 103.300 -0.705
202006 6.884 103.200 8.201
202009 2.575 103.500 3.059
202012 11.996 103.400 14.264
202103 1.639 104.300 1.932
202106 1.799 105.000 2.107
202109 2.779 105.800 3.229
202112 5.718 106.600 6.595
202203 0.971 109.900 1.086
202206 3.222 113.600 3.487
202209 2.375 116.400 2.509
202212 10.601 115.900 11.246
202303 -1.890 117.300 -1.981
202306 5.590 116.400 5.905
202309 -3.770 117.400 -3.948
202312 14.497 116.700 15.273
202403 -8.254 118.400 -8.571
202406 1.309 118.500 1.358
202409 -3.116 118.900 -3.222
202412 10.023 118.900 10.364
202503 -5.425 120.200 -5.549
202506 9.597 120.700 9.776
202509 -4.489 121.600 -4.539
202512 11.480 121.180 11.648
202603 -0.700 121.670 -0.707
202606 3.729 122.950 3.729

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.

Is Matas AS (OCSE:MATAS) Overvalued in 2026?

Based on GuruFocus' analysis, Matas AS stock appears to be undervalued. The current stock price of kr85.70 is trading 41.6% below its estimated GF Value™ of kr146.67. GuruFocus considers Matas AS to be Significantly Undervalued.

Key valuation signals for OCSE:MATAS:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: kr146.67 vs. price of kr85.70 (41.6% below fair value)
  • GF Score™: 84/100 with 8 warning signs

No single metric tells the full story. See the OCSE:MATAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matas AS Business Description

Other Exchanges MATASc:UK0QFA:UK
Address Rormosevej 1, Allerod, DNK, DK-3450
Matas AS is beauty and wellbeing brands. It has three segments Matas, KICKS and Other. It generates majority of revenue from Matas segment. Its product groups are High-end Beauty: Luxury beauty products, including cosmetics, skincare and haircare products and fragrances; Mass Beauty: Everyday beauty products and personal care, including cosmetics and skincare and haircare products; Health and Wellbeing: MediCare Vitamins, minerals, health supplements, specialty foods and herbal medicinal products. Sports, nutrition and exercise. Baby and parent. Sexual wellness, Personal care products and special skincare; Other: Clothing and accessories. It generates majority of revenue from Denmark followed by Sweden, Norway, and Other countries.
84GF Score

Get the complete analysis for OCSE:MATAS

Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr85.70
Price
kr146.67
GF Value