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Murphy USA (FRA:1MU) Cyclically Adjusted FCF per Share : €9.71 (As of Mar. 2024)


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What is Murphy USA 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.

Murphy USA's adjusted free cash flow per share for the three months ended in Mar. 2024 was €2.600. 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 €9.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Murphy USA's average Cyclically Adjusted FCF Growth Rate was 18.00% 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.

As of today (2024-06-09), Murphy USA's current stock price is €406.00. Murphy USA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €9.71. Murphy USA's Cyclically Adjusted Price-to-FCF of today is 41.81.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Murphy USA was 42.16. The lowest was 28.34. And the median was 34.54.


Murphy USA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Murphy USA'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.

Murphy USA Cyclically Adjusted FCF per Share Chart

Murphy USA 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 - - 4.95 8.00 9.33

Murphy USA 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 8.06 8.42 9.04 9.33 9.71

Competitive Comparison of Murphy USA's Cyclically Adjusted FCF per Share

For the Specialty Retail subindustry, Murphy USA'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.


Murphy USA's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Murphy USA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Murphy USA 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, Murphy USA'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)
=2.6/131.7762*131.7762
=2.600

Current CPI (Mar. 2024) = 131.7762.

Murphy USA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.057 100.560 -0.075
201409 0.618 100.428 0.811
201412 0.857 99.070 1.140
201503 0.056 99.621 0.074
201506 -0.258 100.684 -0.338
201509 0.154 100.392 0.202
201512 0.290 99.792 0.383
201603 0.645 100.470 0.846
201606 0.502 101.688 0.651
201609 -0.935 101.861 -1.210
201612 1.581 101.863 2.045
201703 -2.834 102.862 -3.631
201706 0.435 103.349 0.555
201709 1.375 104.136 1.740
201712 1.465 104.011 1.856
201803 1.398 105.290 1.750
201806 0.138 106.317 0.171
201809 0.379 106.507 0.469
201812 3.137 105.998 3.900
201903 0.480 107.251 0.590
201906 0.567 108.070 0.691
201909 1.707 108.329 2.076
201912 0.309 108.420 0.376
202003 1.988 108.902 2.406
202006 6.295 108.767 7.627
202009 0.639 109.815 0.767
202012 1.000 109.897 1.199
202103 5.384 111.754 6.349
202106 0.549 114.631 0.631
202109 5.896 115.734 6.713
202112 2.998 117.630 3.359
202203 9.966 121.301 10.827
202206 3.747 125.017 3.950
202209 7.550 125.227 7.945
202212 5.888 125.222 6.196
202303 3.249 127.348 3.362
202306 4.131 128.729 4.229
202309 4.756 129.860 4.826
202312 6.975 129.419 7.102
202403 2.600 131.776 2.600

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


Murphy USA  (FRA:1MU) 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.

Murphy USA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=406.00/9.71
=41.81

* 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 Murphy USA was 42.16. The lowest was 28.34. And the median was 34.54.


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.


Murphy USA Cyclically Adjusted FCF per Share Related Terms

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


Murphy USA (FRA:1MU) Business Description

Industry
Traded in Other Exchanges
Address
200 Peach Street, El Dorado, AR, USA, 71730-5836
Murphy USA Inc is an American retailer of gasoline products and convenience-store merchandise operating in the United States. The stores are 100% company-operated and 90% company-owned; most are adjacent to Walmart stores. The business also contains product supply and wholesale assets, such as product distribution terminals and pipelines. Murphy is positioned in the market as a low-price, high-volume fuel retailer selling through low-cost kiosks and small stores. The stores adjacent to Walmart offer a discount program. The amount of the discount offered can vary based on many factors, including state laws.

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