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M3 (MTHRY) Cyclically Adjusted FCF per Share : $0.15 (As of Mar. 2024)


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What is M3 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.

M3's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.111. 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 $0.15 for the trailing ten years ended in Mar. 2024.

During the past 12 months, M3's average Cyclically Adjusted FCF Growth Rate was 18.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 23.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 26.30% 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 M3 was 28.90% per year. The lowest was 21.20% per year. And the median was 25.80% per year.

As of today (2024-06-06), M3's current stock price is $5.10. M3's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.15. M3's Cyclically Adjusted Price-to-FCF of today is 34.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of M3 was 498.82. The lowest was 34.11. And the median was 154.25.


M3 Cyclically Adjusted FCF per Share Historical Data

The historical data trend for M3'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.

M3 Cyclically Adjusted FCF per Share Chart

M3 Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.11 0.13 0.14 0.15

M3 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 0.14 0.14 0.14 0.15 0.15

Competitive Comparison of M3's Cyclically Adjusted FCF per Share

For the Health Information Services subindustry, M3'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.


M3's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, M3's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where M3's Cyclically Adjusted Price-to-FCF falls into.



M3 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, M3'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)
=0.111/107.2000*107.2000
=0.111

Current CPI (Mar. 2024) = 107.2000.

M3 Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.006 98.000 0.007
201409 0.018 98.500 0.020
201412 0.007 97.900 0.008
201503 0.026 97.900 0.028
201506 0.003 98.400 0.003
201509 0.023 98.500 0.025
201512 0.009 98.100 0.010
201603 0.040 97.900 0.044
201606 0.014 98.100 0.015
201609 0.034 98.000 0.037
201612 0.012 98.400 0.013
201703 0.051 98.100 0.056
201706 0.020 98.500 0.022
201709 0.032 98.800 0.035
201712 -0.001 99.400 -0.001
201803 0.049 99.200 0.053
201806 0.019 99.200 0.021
201809 0.037 99.900 0.040
201812 -0.018 99.700 -0.019
201903 0.076 99.700 0.082
201906 0.029 99.800 0.031
201909 0.037 100.100 0.040
201912 0.022 100.500 0.023
202003 0.076 100.300 0.081
202006 0.046 99.900 0.049
202009 0.074 99.900 0.079
202012 0.070 99.300 0.076
202103 0.118 99.900 0.127
202106 0.051 99.500 0.055
202109 0.064 100.100 0.069
202112 0.074 100.100 0.079
202203 0.125 101.100 0.133
202206 0.045 101.800 0.047
202209 0.075 103.100 0.078
202212 0.036 104.100 0.037
202303 0.110 104.400 0.113
202306 0.045 105.200 0.046
202309 0.064 106.200 0.065
202312 0.034 106.800 0.034
202403 0.111 107.200 0.111

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


M3  (OTCPK:MTHRY) 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.

M3's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5.10/0.15
=34.00

* 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 M3 was 498.82. The lowest was 34.11. And the median was 154.25.


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.


M3 Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of M3's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


M3 (MTHRY) Business Description

Traded in Other Exchanges
Address
Akasaka Intercity 10th floor, 1-11-44 Akasaka, Minato-ku, Tokyo, JPN, 105-0012
M3, Inc. is a Japan-based company engaged in providing medical-related services through the use of the Internet. It also supports marketing of pharmaceutical companies and medical equipment manufacturers. The company's business segment includes, Medical Portal segment, Evidence Solution segment, Overseas segment, Clinical Platform segment, Sales Platform segment, and Others. The company generates the majority of its revenue from Medical Portal segment.

M3 (MTHRY) Headlines

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