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Mainstreet Equity (TSX:MEQ) Cyclically Adjusted Price-to-FCF : 36.71 (As of May. 15, 2024)


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What is Mainstreet Equity Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Mainstreet Equity's current share price is C$173.28. Mainstreet Equity's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$4.72. Mainstreet Equity's Cyclically Adjusted Price-to-FCF for today is 36.71.

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

TSX:MEQ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.18   Med: 33.45   Max: 1216.67
Current: 36.73

During the past years, Mainstreet Equity's highest Cyclically Adjusted Price-to-FCF was 1216.67. The lowest was 19.18. And the median was 33.45.

TSX:MEQ's Cyclically Adjusted Price-to-FCF is ranked worse than
83.36% of 697 companies
in the Real Estate industry
Industry Median: 12.63 vs TSX:MEQ: 36.73

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.

Mainstreet Equity's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$2.190. 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 C$4.72 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mainstreet Equity Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mainstreet Equity'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.

Mainstreet Equity Cyclically Adjusted Price-to-FCF Chart

Mainstreet Equity Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.30 26.14 32.94 28.25 30.32

Mainstreet Equity 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 30.79 31.48 30.32 31.92 39.83

Competitive Comparison of Mainstreet Equity's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, Mainstreet Equity'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.


Mainstreet Equity's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Mainstreet Equity 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=173.28/4.72
=36.71

* 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.

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

For example, Mainstreet Equity'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)
=2.19/125.4675*125.4675
=2.190

Current CPI (Mar. 2024) = 125.4675.

Mainstreet Equity Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.500 99.473 0.631
201409 1.067 99.394 1.347
201412 0.377 98.367 0.481
201503 0.902 99.789 1.134
201506 0.717 100.500 0.895
201509 0.906 100.421 1.132
201512 0.370 99.947 0.464
201603 0.655 101.054 0.813
201606 0.593 102.002 0.729
201609 0.795 101.765 0.980
201612 0.412 101.449 0.510
201703 0.921 102.634 1.126
201706 1.002 103.029 1.220
201709 0.998 103.345 1.212
201712 0.533 103.345 0.647
201803 0.676 105.004 0.808
201806 0.905 105.557 1.076
201809 1.009 105.636 1.198
201812 0.729 105.399 0.868
201903 0.766 106.979 0.898
201906 1.309 107.690 1.525
201909 1.198 107.611 1.397
201912 0.525 107.769 0.611
202003 0.771 107.927 0.896
202006 1.152 108.401 1.333
202009 1.200 108.164 1.392
202012 0.194 108.559 0.224
202103 0.821 110.298 0.934
202106 1.301 111.720 1.461
202109 1.400 112.905 1.556
202112 0.758 113.774 0.836
202203 0.770 117.646 0.821
202206 1.548 120.806 1.608
202209 2.482 120.648 2.581
202212 1.328 120.964 1.377
202303 1.840 122.702 1.881
202306 1.620 124.203 1.636
202309 2.741 125.230 2.746
202312 2.003 125.468 2.003
202403 2.190 125.468 2.190

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.


Mainstreet Equity  (TSX:MEQ) 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.


Mainstreet Equity Cyclically Adjusted Price-to-FCF Related Terms

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


Mainstreet Equity (TSX:MEQ) Business Description

Industry
Traded in Other Exchanges
Address
10th Avenue SE, Suite 305, Calgary, AB, CAN, T2G 0W2
Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.
Executives
Richard Grimaldi Director

Mainstreet Equity (TSX:MEQ) Headlines

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