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MERLIN GROUP Spolka Akcyjna (WAR:MRG) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is MERLIN GROUP Spolka Akcyjna Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


MERLIN GROUP Spolka Akcyjna Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MERLIN GROUP Spolka Akcyjna'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.

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MERLIN GROUP Spolka Akcyjna Cyclically Adjusted Price-to-FCF Chart

MERLIN GROUP Spolka Akcyjna Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted Price-to-FCF
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MERLIN GROUP Spolka Akcyjna Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Mar22 Jun22 Sep22
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Competitive Comparison of MERLIN GROUP Spolka Akcyjna's Cyclically Adjusted Price-to-FCF

For the Advertising Agencies subindustry, MERLIN GROUP Spolka Akcyjna'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.


MERLIN GROUP Spolka Akcyjna's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, MERLIN GROUP Spolka Akcyjna's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where MERLIN GROUP Spolka Akcyjna's Cyclically Adjusted Price-to-FCF falls into.



MERLIN GROUP Spolka Akcyjna 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.

MERLIN GROUP Spolka Akcyjna's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2022 is calculated as:

For example, MERLIN GROUP Spolka Akcyjna's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2022 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2022 (Change)*Current CPI (Sep. 2022)
=0/135.5311*135.5311
=0.000

Current CPI (Sep. 2022) = 135.5311.

MERLIN GROUP Spolka Akcyjna Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201209 0.000 99.715 0.000
201212 0.000 100.285 0.000
201303 -0.842 100.529 -1.135
201306 -149.051 100.855 -200.299
201309 -0.040 100.936 -0.054
201312 -0.005 101.018 -0.007
201403 -0.008 101.262 -0.011
201406 9.500 101.180 12.725
201409 -0.134 100.611 -0.181
201412 -0.016 100.122 -0.022
201503 0.000 100.041 0.000
201506 0.000 100.448 0.000
201509 0.000 99.634 0.000
201512 0.000 99.471 0.000
201603 -0.005 98.983 -0.007
201606 0.000 99.552 0.000
201609 -0.015 99.064 -0.021
201612 -0.065 100.366 -0.088
201703 0.022 101.018 0.030
201706 -0.098 101.180 -0.131
201709 -0.050 101.343 -0.067
201712 -0.104 102.564 -0.137
201803 -0.056 102.564 -0.074
201806 -0.052 103.378 -0.068
201809 -0.063 103.378 -0.083
201812 -0.177 103.785 -0.231
201903 -0.035 104.274 -0.045
201906 -0.028 105.983 -0.036
201909 -0.019 105.983 -0.024
201912 0.003 107.123 0.004
202003 -0.002 109.076 -0.002
202006 -0.036 109.402 -0.045
202009 -0.007 109.320 -0.009
202012 -0.002 109.565 -0.002
202103 -0.001 112.658 -0.001
202106 0.000 113.960 0.000
202109 0.002 115.588 0.002
202203 -0.001 125.031 -0.001
202206 0.000 131.705 0.000
202209 0.000 135.531 0.000

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.


MERLIN GROUP Spolka Akcyjna  (WAR:MRG) 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.


MERLIN GROUP Spolka Akcyjna Cyclically Adjusted Price-to-FCF Related Terms

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


MERLIN GROUP Spolka Akcyjna (WAR:MRG) Business Description

Traded in Other Exchanges
N/A
Address
Ulica Modlinska 310/312, Warsaw, POL, 03-152
MERLIN GROUP Spolka Akcyjna is an advertising and marketing company. The company provides professional marketing activities through promotional activities on the internet.

MERLIN GROUP Spolka Akcyjna (WAR:MRG) Headlines

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