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Federal National Mortgage Association Fannie Mae (Federal National Mortgage Association Fannie Mae) Cyclically Adjusted FCF per Share : $0.26 (As of Dec. 2023)


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What is Federal National Mortgage Association Fannie Mae Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Federal National Mortgage Association Fannie Mae's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.345. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.26 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Federal National Mortgage Association Fannie Mae's average Cyclically Adjusted FCF Growth Rate was -23.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Federal National Mortgage Association Fannie Mae was 40.60% per year. The lowest was -36.70% per year. And the median was 3.50% per year.

As of today (2024-04-28), Federal National Mortgage Association Fannie Mae's current stock price is $1.46. Federal National Mortgage Association Fannie Mae's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.26. Federal National Mortgage Association Fannie Mae's Cyclically Adjusted Price-to-FCF of today is 5.62.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Federal National Mortgage Association Fannie Mae was 33.29. The lowest was 0.05. And the median was 0.62.


Federal National Mortgage Association Fannie Mae Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Federal National Mortgage Association Fannie Mae's Cyclically Adjusted FCF per Share 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.

Federal National Mortgage Association Fannie Mae Cyclically Adjusted FCF per Share Chart

Federal National Mortgage Association Fannie Mae Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.05 -0.72 0.38 0.34 0.26

Federal National Mortgage Association Fannie Mae Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 0.34 0.56 0.35 0.26 0.26

Competitive Comparison of Federal National Mortgage Association Fannie Mae's Cyclically Adjusted FCF per Share

For the Mortgage Finance subindustry, Federal National Mortgage Association Fannie Mae'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.


Federal National Mortgage Association Fannie Mae's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Federal National Mortgage Association Fannie Mae's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Federal National Mortgage Association Fannie Mae's Cyclically Adjusted Price-to-FCF falls into.



Federal National Mortgage Association Fannie Mae Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Federal National Mortgage Association Fannie Mae's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.345/129.4194*129.4194
=0.345

Current CPI (Dec. 2023) = 129.4194.

Federal National Mortgage Association Fannie Mae Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.229 99.695 -0.297
201406 0.823 100.560 1.059
201409 -0.427 100.428 -0.550
201412 -0.399 99.070 -0.521
201503 -0.212 99.621 -0.275
201506 -0.044 100.684 -0.057
201509 -0.845 100.392 -1.089
201512 -0.052 99.792 -0.067
201603 -0.528 100.470 -0.680
201606 -0.148 101.688 -0.188
201609 -0.130 101.861 -0.165
201612 0.640 101.863 0.813
201703 0.455 102.862 0.572
201706 -1.060 103.349 -1.327
201709 0.659 104.136 0.819
201712 0.701 104.011 0.872
201803 -0.239 105.290 -0.294
201806 -0.046 106.317 -0.056
201809 -0.021 106.507 -0.026
201812 0.686 105.998 0.838
201903 0.308 107.251 0.372
201906 0.062 108.070 0.074
201909 0.173 108.329 0.207
201912 -1.346 108.420 -1.607
202003 0.371 108.902 0.441
202006 -7.042 108.767 -8.379
202009 -6.393 109.815 -7.534
202012 0.689 109.897 0.811
202103 4.222 111.754 4.889
202106 2.572 114.631 2.904
202109 -0.506 115.734 -0.566
202112 1.723 117.630 1.896
202203 0.570 121.301 0.608
202206 3.530 125.017 3.654
202209 1.569 125.227 1.622
202212 1.767 125.222 1.826
202303 0.684 127.348 0.695
202306 0.380 128.729 0.382
202309 0.611 129.860 0.609
202312 0.345 129.419 0.345

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Federal National Mortgage Association Fannie Mae  (OTCPK:FNMA) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Federal National Mortgage Association Fannie Mae's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1.46/0.26
=5.62

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Federal National Mortgage Association Fannie Mae was 33.29. The lowest was 0.05. And the median was 0.62.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Federal National Mortgage Association Fannie Mae Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Federal National Mortgage Association Fannie Mae's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Federal National Mortgage Association Fannie Mae (Federal National Mortgage Association Fannie Mae) Business Description

Address
1100 15th Street, NW, Midtown Center, Washington, DC, USA, 20005
Federal National Mortgage Association Fannie Mae is a source of financing for mortgages in the United States. The company has two segments. The Single-Family business operates in the secondary mortgage market relating to single-family mortgage loans, which are secured by properties containing four or fewer residential dwelling units. The Multifamily business operates in the secondary mortgage market relating mainly to multifamily mortgage loans, which are secured by properties containing five or more residential units. The majority of the revenue is derived from the Single-Family segment.
Executives
Chetlur S Ragavan director 230 PARK AVENUE, NEW YORK NY 10169
Ramon Richards officer: EVP & CIO C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Michael A. Seelig director C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Priscilla Almodovar director, officer: CEO 45 WEST 10TH STREET, NEW YORK NY 10011
Anthony Moon officer: EVP & CRO C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Andrew M Brammer officer: VP & Interim CRO C/O FANNIE MAE, 110015TH STREET, NW, WASHINGTON DC 20005
James L Holmberg officer: SVP & Controller C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Evans H. Malloy Iii officer: EVP-Single-family C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Christopher J Brummer director C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Johnson Simon H R director C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Michele M Evans officer: EVP--Multifamily C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Bair Sheila Colleen director 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817
Stergios Theologides officer: EVP, GC & Corporate Secretary CORELOGIC, INC., 40 PACIFICA, SUITE 900, IRVINE CA 92618
Karin Kimbrough director C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Stephen H Mcelhennon officer: interim GC C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005