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Mersen (STU:CBE) Cyclically Adjusted Price-to-FCF : 26.01 (As of May. 14, 2024)


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What is Mersen Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Mersen's current share price is €38.50. Mersen's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was €1.48. Mersen's Cyclically Adjusted Price-to-FCF for today is 26.01.

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

STU:CBE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.73   Med: 15.79   Max: 26.12
Current: 26.12

During the past 13 years, Mersen's highest Cyclically Adjusted Price-to-FCF was 26.12. The lowest was 7.73. And the median was 15.79.

STU:CBE's Cyclically Adjusted Price-to-FCF is ranked better than
60.89% of 1033 companies
in the Industrial Products industry
Industry Median: 33.75 vs STU:CBE: 26.12

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.

Mersen's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was €-0.335. 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 €1.48 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mersen Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mersen'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.

Mersen Cyclically Adjusted Price-to-FCF Chart

Mersen 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 18.02 13.07 18.59 21.11 23.79

Mersen Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 18.59 - 21.11 - 23.79

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

For the Electrical Equipment & Parts subindustry, Mersen'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.


Mersen's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mersen's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Mersen 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=38.50/1.48
=26.01

* 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.

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

For example, Mersen'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)
=-0.335/118.2300*118.2300
=-0.335

Current CPI (Dec23) = 118.2300.

Mersen Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 1.365 99.860 1.616
201512 0.396 100.040 0.468
201612 2.117 100.650 2.487
201712 1.172 101.850 1.360
201812 1.476 103.470 1.687
201912 2.387 104.980 2.688
202012 3.134 104.960 3.530
202112 1.094 107.850 1.199
202212 0.091 114.160 0.094
202312 -0.335 118.230 -0.335

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.


Mersen  (STU:CBE) 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.


Mersen Cyclically Adjusted Price-to-FCF Related Terms

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


Mersen (STU:CBE) Business Description

Industry
Traded in Other Exchanges
Address
Tour Trinity, 1 bis place de la Defense, Courbevoie, FRA, 92400
Mersen SA manufactures and sells electrical power products and advanced materials in France, North America, the rest of Europe, the Asia-Pacific, and internationally. The business activity of the group functions through the Advanced Materials segment and Electrical Power segment. The Advanced Materials segment brings the businesses related to carbon materials - graphite specialties for high-temperature applications, anti-corrosion equipment designed primarily for chemicals and power transmission technologies, whereas the Electrical Power segment brings the businesses related to the electrical market - namely Solutions for Power Management and electrical protection and control, primarily fuses, industrial fuse holders, and surge protection solutions.

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