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Masterflex SE (XTER:MZX) Cyclically Adjusted FCF per Share : €0.72 (As of Dec. 2023)


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What is Masterflex SE 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.

Masterflex SE's adjusted free cash flow per share for the three months ended in Dec. 2023 was €0.505. 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 €0.72 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Masterflex SE's average Cyclically Adjusted FCF Growth Rate was 14.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.70% 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 Masterflex SE was 21.60% per year. The lowest was 6.10% per year. And the median was 14.15% per year.

As of today (2024-04-27), Masterflex SE's current stock price is €10.30. Masterflex SE's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.72. Masterflex SE's Cyclically Adjusted Price-to-FCF of today is 14.31.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Masterflex SE was 27.79. The lowest was 10.40. And the median was 14.59.


Masterflex SE Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Masterflex SE'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.

Masterflex SE Cyclically Adjusted FCF per Share Chart

Masterflex SE 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 0.35 0.43 0.50 0.63 0.72

Masterflex SE 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 0.63 0.66 0.64 0.71 0.72

Competitive Comparison of Masterflex SE's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, Masterflex SE'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.


Masterflex SE's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Masterflex SE's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Masterflex SE 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, Masterflex SE'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)
=0.505/123.6675*123.6675
=0.505

Current CPI (Dec. 2023) = 123.6675.

Masterflex SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.016 99.543 -0.020
201406 0.079 99.543 0.098
201409 0.181 99.823 0.224
201412 0.097 99.543 0.121
201503 -0.174 99.717 -0.216
201506 0.003 100.417 0.004
201509 0.189 100.417 0.233
201512 -0.072 99.717 -0.089
201603 -0.095 100.017 -0.117
201606 -0.147 100.717 -0.180
201609 0.015 101.017 0.018
201612 -0.033 101.217 -0.040
201703 -0.039 101.417 -0.048
201706 0.248 102.117 0.300
201709 0.305 102.717 0.367
201712 0.376 102.617 0.453
201803 -0.027 102.917 -0.032
201806 0.009 104.017 0.011
201809 0.260 104.718 0.307
201812 0.251 104.217 0.298
201903 -0.015 104.217 -0.018
201906 0.095 105.718 0.111
201909 0.331 106.018 0.386
201912 0.281 105.818 0.328
202003 0.095 105.718 0.111
202006 0.336 106.618 0.390
202009 0.534 105.818 0.624
202012 0.381 105.518 0.447
202103 -0.031 107.518 -0.036
202106 0.187 108.486 0.213
202109 0.219 109.435 0.247
202112 0.322 110.384 0.361
202203 -0.078 113.968 -0.085
202206 0.181 115.760 0.193
202209 0.478 118.818 0.498
202212 0.465 119.345 0.482
202303 0.037 122.402 0.037
202306 0.083 123.140 0.083
202309 0.660 124.195 0.657
202312 0.505 123.668 0.505

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


Masterflex SE  (XTER:MZX) 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.

Masterflex SE's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.30/0.72
=14.31

* 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 Masterflex SE was 27.79. The lowest was 10.40. And the median was 14.59.


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.


Masterflex SE Cyclically Adjusted FCF per Share Related Terms

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


Masterflex SE (XTER:MZX) Business Description

Industry
Traded in Other Exchanges
Address
Willy-Brandt-Allee 300, Gelsenkirchen, DEU, 45891
Masterflex SE develops, manufactures and marketing of high-tech hoses and connection systems for various industrial and manufacturing applications. The company sells its products under six brands. Masterflex brand produces spiral hoses and connection systems for all industrial applications. Matzen and Timm specialize in vulcanized shapes and hoses for the aerospace sector and the automotive industry. Novoplast offers pre-formed tubes and technical tubings for medical and industrial uses. Fleima-Plastic offers injection molded parts and components for medical technology. Masterduct provides spiral hoses and connection systems as well as heating, ventilation and air conditioning elements. APT produces hoses of fluoropolymers with permanent resistance to all chemicals.
Executives
Jan Van Der Zouw Supervisory Board

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