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Mips AB (OSTO:MIPS) Cyclically Adjusted Price-to-FCF : 149.14 (As of May. 22, 2024)


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What is Mips AB Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Mips AB's current share price is kr434.00. Mips AB's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was kr2.91. Mips AB's Cyclically Adjusted Price-to-FCF for today is 149.14.

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

OSTO:MIPS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 102.77   Med: 121.45   Max: 170.81
Current: 143.63

During the past 11 years, Mips AB's highest Cyclically Adjusted Price-to-FCF was 170.81. The lowest was 102.77. And the median was 121.45.

OSTO:MIPS's Cyclically Adjusted Price-to-FCF is ranked worse than
93.37% of 347 companies
in the Travel & Leisure industry
Industry Median: 22.02 vs OSTO:MIPS: 143.63

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.

Mips AB's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was kr0.076. 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 kr2.91 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mips AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mips AB'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.

Mips AB Cyclically Adjusted Price-to-FCF Chart

Mips AB 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 - - - 139.08 125.19

Mips AB 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 - - - 125.19 -

Competitive Comparison of Mips AB's Cyclically Adjusted Price-to-FCF

For the Leisure subindustry, Mips AB'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.


Mips AB's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mips AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Mips AB 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=434.00/2.91
=149.14

* 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.

Mips AB's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Mips AB's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.076/131.9118*131.9118
=0.076

Current CPI (Dec23) = 131.9118.

Mips AB Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.554 100.225 -0.729
201512 0.047 100.276 0.062
201612 0.504 102.022 0.652
201712 0.264 103.793 0.336
201812 2.441 105.912 3.040
201912 0.542 107.766 0.663
202012 3.860 108.296 4.702
202112 10.077 112.486 11.817
202212 8.141 126.365 8.498
202312 0.076 131.912 0.076

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.


Mips AB  (OSTO:MIPS) 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.


Mips AB Cyclically Adjusted Price-to-FCF Related Terms

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


Mips AB (OSTO:MIPS) Business Description

Industry
Traded in Other Exchanges
Address
Kemistvagen 1B, Taby, Stockholm, SWE, SE-183 79
MIPS AB manufactures and sells helmet-based safety and brain protection products in Sweden. The company sells MIPS Brain Protection System for helmet solutions in the consumer market such as bicycles, winter sports, motorcycles, horse riding, team sports, and others; and in commercial markets such as military, police, and rescue services.

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