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MCAN Financial Group (TSX:MKP) Cyclically Adjusted Price-to-FCF : 93.29 (As of Apr. 29, 2024)


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What is MCAN Financial Group Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), MCAN Financial Group's current share price is C$15.86. MCAN Financial Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$0.17. MCAN Financial Group's Cyclically Adjusted Price-to-FCF for today is 93.29.

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

TSX:MKP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.07   Med: 16.27   Max: 235.16
Current: 93.27

During the past years, MCAN Financial Group's highest Cyclically Adjusted Price-to-FCF was 235.16. The lowest was 3.07. And the median was 16.27.

TSX:MKP's Cyclically Adjusted Price-to-FCF is ranked worse than
98.45% of 838 companies
in the Banks industry
Industry Median: 7.415 vs TSX:MKP: 93.27

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.

MCAN Financial Group's adjusted free cash flow per share data for the three months ended in Dec. 2023 was C$0.724. 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$0.17 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


MCAN Financial Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MCAN Financial Group'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.

MCAN Financial Group Cyclically Adjusted Price-to-FCF Chart

MCAN Financial Group 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 30.85 - - - 93.44

MCAN Financial Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 - - - - 93.44

Competitive Comparison of MCAN Financial Group's Cyclically Adjusted Price-to-FCF

For the Mortgage Finance subindustry, MCAN Financial Group'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.


MCAN Financial Group's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, MCAN Financial Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



MCAN Financial Group 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.

MCAN Financial Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.86/0.17
=93.29

* 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.

MCAN Financial Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, MCAN Financial Group'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)
=0.724/125.4675*125.4675
=0.724

Current CPI (Dec. 2023) = 125.4675.

MCAN Financial Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -8.371 98.604 -10.652
201406 -4.053 99.473 -5.112
201409 -5.542 99.394 -6.996
201412 18.460 98.367 23.546
201503 1.640 99.789 2.062
201506 1.438 100.500 1.795
201509 -1.198 100.421 -1.497
201512 -0.747 99.947 -0.938
201603 0.322 101.054 0.400
201606 0.177 102.002 0.218
201609 0.425 101.765 0.524
201612 1.272 101.449 1.573
201703 -0.360 102.634 -0.440
201706 0.808 103.029 0.984
201709 -0.277 103.345 -0.336
201712 0.801 103.345 0.972
201803 -2.159 105.004 -2.580
201806 1.781 105.557 2.117
201809 -0.671 105.636 -0.797
201812 0.872 105.399 1.038
201903 -1.417 106.979 -1.662
201906 0.155 107.690 0.181
201909 0.421 107.611 0.491
201912 -0.478 107.769 -0.556
202003 0.275 107.927 0.320
202006 2.749 108.401 3.182
202009 -2.290 108.164 -2.656
202012 1.680 108.559 1.942
202103 -0.449 110.298 -0.511
202106 1.547 111.720 1.737
202109 -2.181 112.905 -2.424
202112 -3.033 113.774 -3.345
202203 0.452 117.646 0.482
202206 -1.747 120.806 -1.814
202209 -1.590 120.648 -1.654
202212 3.737 120.964 3.876
202303 -0.719 122.702 -0.735
202306 -1.369 124.203 -1.383
202309 -0.375 125.230 -0.376
202312 0.724 125.468 0.724

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.


MCAN Financial Group  (TSX:MKP) 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.


MCAN Financial Group Cyclically Adjusted Price-to-FCF Related Terms

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


MCAN Financial Group (TSX:MKP) Business Description

Industry
Traded in Other Exchanges
Address
200 King Street West, Suite 600, Toronto, ON, CAN, M5H 3T4
MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments. The company derives majority of its revenues from mortgage income and equity income.

MCAN Financial Group (TSX:MKP) Headlines

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