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Mantengu Mining (JSE:MTU) Free Cash Flow : R24.6 Mil (TTM As of Aug. 2024)


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What is Mantengu Mining Free Cash Flow?

Mantengu Mining's total free cash flow for the months ended in Aug. 2024 was R13.6 Mil. Its total free cash flow for the trailing twelve months (TTM) ended in Aug. 2024 was R24.6 Mil.

Mantengu Mining's Free Cash Flow per Share for the months ended in Aug. 2024 was R0.08. Its free cash flow per share for the trailing twelve months (TTM) ended in Aug. 2024 was R0.15.

During the past 3 years, the average Free Cash Flow per Share Growth Rate was 53.80% 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 Free Cash Flow Growth Rate using Free Cash Flow per Share data.

During the past 13 years, Mantengu Mining's highest 3-Year average Free Cash Flow per Share Growth Rate was 1074.50% per year. The lowest was -652.00% per year. And the median was 34.35% per year.


Mantengu Mining Free Cash Flow Historical Data

The historical data trend for Mantengu Mining's Free Cash Flow 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.

Mantengu Mining Free Cash Flow Chart

Mantengu Mining Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Free Cash Flow
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 -2.77 10.22 -51.81 -45.40

Mantengu Mining Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
Free Cash Flow 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 -4.74 -25.09 -5.75 10.99 13.64

Mantengu Mining Free Cash Flow Calculation

Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company.

Mantengu Mining's Free Cash Flow for the fiscal year that ended in Feb. 2024 is calculated as

Free Cash Flow (A: Feb. 2024 )=Cash Flow from Operations+Capital Expenditure
=5.243+-50.644
=-45.4

Mantengu Mining's Free Cash Flow for the quarter that ended in Aug. 2024 is calculated as

Free Cash Flow (Q: Aug. 2024 )=Cash Flow from Operations+Capital Expenditure
=13.64+0
=13.6

Free Cash Flow for the trailing twelve months (TTM) ended in Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R24.6 Mil.

* 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.


Mantengu Mining  (JSE:MTU) Free Cash Flow Explanation

Free Cash Flow is very close to Warren Buffett's definition of Owner's Earnings, except that in Warren Buffett's Owner's Earnings, the spending for Property, Plant, and Equipment is only for maintenance (replacement), while in the Free Cash Flow calculation, the cost of new Property, Plant, and Equipment due to business expansion is also deducted. There, Free Cash Flow is more conservative than Owner's Earnings.

In Don Yacktman's calculation of forward rate of return, he uses Free Cash Flow for the calculation. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation.

This is what Yacktman said in his March 2012 interview - when the S&P 500 was at 1400:

If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.

The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).

For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over seven years. The reason we use seven years is because research shows that seven years is the length of the typical business cycle.

Therefore, as of Feb24, Mantengu Mining's Forward Rate of Return (Yacktman) % is

Forward Rate of Return (Yacktman) % (Feb24)=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=949.94016667/0.85+0.2
=111,777.67 %

* 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.


Be Aware

Free Cash Flow within a report period can be affected by management's decisions of capital spending. Therefore, it is important to look at long term when it comes to Free Cash Flow.


Mantengu Mining Free Cash Flow Related Terms

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Mantengu Mining Business Description

Traded in Other Exchanges
N/A
Address
5 Saint Michaels Lane, Bryanston, Sandton, Johannesburg, ZAF, 2021
Mantengu Mining Ltd operates as a mining investment company. The company is engaged in the process of transforming into a Mining, Mining Services, and Energy company. The project of the company comprises of Langpan project.

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