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MegaStudy Co (XKRX:072870) Cyclically Adjusted FCF per Share : ₩1,237.19 (As of Mar. 2024)


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What is MegaStudy Co 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.

MegaStudy Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₩1,113.492. 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 ₩1,237.19 for the trailing ten years ended in Mar. 2024.

During the past 12 months, MegaStudy Co's average Cyclically Adjusted FCF Growth Rate was 31.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -12.80% 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 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 MegaStudy Co was -5.50% per year. The lowest was -21.60% per year. And the median was -15.40% per year.

As of today (2024-06-05), MegaStudy Co's current stock price is ₩11400.00. MegaStudy Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₩1,237.19. MegaStudy Co's Cyclically Adjusted Price-to-FCF of today is 9.21.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MegaStudy Co was 12.58. The lowest was 3.16. And the median was 7.24.


MegaStudy Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for MegaStudy Co'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.

MegaStudy Co Cyclically Adjusted FCF per Share Chart

MegaStudy Co 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 1,825.33 1,485.19 1,202.29 1,240.68 1,255.24

MegaStudy Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 943.93 1,131.58 1,106.59 1,255.24 1,237.19

Competitive Comparison of MegaStudy Co's Cyclically Adjusted FCF per Share

For the Education & Training Services subindustry, MegaStudy Co'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.


MegaStudy Co's Cyclically Adjusted Price-to-FCF Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, MegaStudy Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



MegaStudy Co 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, MegaStudy Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1113.492/118.8477*118.8477
=1,113.492

Current CPI (Mar. 2024) = 118.8477.

MegaStudy Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 453.327 99.353 542.277
201409 204.346 99.608 243.816
201412 -2,060.607 99.098 -2,471.275
201503 -164.390 99.720 -195.922
201506 -1,233.465 100.050 -1,465.212
201509 116.965 100.110 138.857
201512 7,002.896 100.220 8,304.511
201603 -188.812 100.560 -223.149
201606 -132.643 100.790 -156.408
201609 217.890 101.460 255.231
201612 170.051 101.560 198.997
201703 158.047 102.850 182.630
201706 -55.147 102.610 -63.874
201709 -130.639 103.490 -150.026
201712 -45.478 102.990 -52.480
201803 180.527 104.100 206.102
201806 241.522 104.130 275.659
201809 -233.896 105.650 -263.114
201812 184.315 104.350 209.923
201903 603.587 104.490 686.524
201906 -392.174 104.880 -444.403
201909 377.830 105.200 426.846
201912 445.121 105.120 503.250
202003 398.504 105.540 448.752
202006 274.021 104.870 310.544
202009 302.988 106.200 339.072
202012 580.364 105.765 652.150
202103 1,085.398 107.357 1,201.569
202106 353.483 107.579 390.511
202109 110.563 108.759 120.819
202112 686.331 109.676 743.723
202203 755.246 111.806 802.814
202206 152.127 114.083 158.481
202209 -542.557 114.831 -561.534
202212 -404.581 115.200 -417.391
202303 140.658 116.550 143.431
202306 -212.206 117.140 -215.300
202309 116.540 119.111 116.282
202312 335.726 118.848 335.726
202403 1,113.492 118.848 1,113.492

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


MegaStudy Co  (XKRX:072870) 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.

MegaStudy Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=11400.00/1237.19
=9.21

* 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 MegaStudy Co was 12.58. The lowest was 3.16. And the median was 7.24.


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.


MegaStudy Co Cyclically Adjusted FCF per Share Related Terms

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


MegaStudy Co (XKRX:072870) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Deokwon Bldg. 1603-54, Seocho-gu, Seoul, KOR, 137-070
MegaStudy Co Ltd is a South Korea-based company engaged in the online education business. It provides online education services through its portal sites which provide online educational contents, teaching materials, video on demand (VOD) contents and learning management consulting services for pre-university students and primary and middle school students. The company also offers offline education services through its educational institutes.

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