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Metro (MTRAF) Cyclically Adjusted FCF per Share : $2.14 (As of Mar. 2024)


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What is Metro 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.

Metro's adjusted free cash flow per share for the three months ended in Mar. 2024 was $1.138. 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 $2.14 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Metro's average Cyclically Adjusted FCF Growth Rate was 15.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 16.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 12.60% 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 Metro was 20.50% per year. The lowest was 8.60% per year. And the median was 14.45% per year.

As of today (2024-06-07), Metro's current stock price is $55.00. Metro's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.14. Metro's Cyclically Adjusted Price-to-FCF of today is 25.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Metro was 45.56. The lowest was 24.11. And the median was 33.12.


Metro Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Metro'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.

Metro Cyclically Adjusted FCF per Share Chart

Metro Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 1.25 1.59 1.74 2.02

Metro 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 1.86 2.00 2.02 2.06 2.14

Competitive Comparison of Metro's Cyclically Adjusted FCF per Share

For the Grocery Stores subindustry, Metro'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.


Metro's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

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

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



Metro 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, Metro'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)
=1.138/126.2576*126.2576
=1.138

Current CPI (Mar. 2024) = 126.2576.

Metro Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.460 99.473 0.584
201409 0.217 99.394 0.276
201412 -0.075 98.367 -0.096
201503 0.561 99.789 0.710
201506 0.416 100.500 0.523
201509 0.407 100.421 0.512
201512 -0.212 99.947 -0.268
201603 0.657 101.054 0.821
201606 0.427 102.002 0.529
201609 0.400 101.765 0.496
201612 -0.090 101.449 -0.112
201703 0.410 102.634 0.504
201706 0.400 103.029 0.490
201709 0.380 103.345 0.464
201712 -0.042 103.345 -0.051
201803 0.418 105.004 0.503
201806 0.612 105.557 0.732
201809 0.379 105.636 0.453
201812 -0.681 105.399 -0.816
201903 0.620 106.979 0.732
201906 0.847 107.690 0.993
201909 0.250 107.611 0.293
201912 0.008 107.769 0.009
202003 1.045 107.927 1.222
202006 1.103 108.401 1.285
202009 0.638 108.164 0.745
202012 0.447 108.559 0.520
202103 0.953 110.298 1.091
202106 1.144 111.720 1.293
202109 0.646 112.905 0.722
202112 0.114 113.774 0.127
202203 0.787 117.646 0.845
202206 0.888 120.806 0.928
202209 0.913 120.648 0.955
202212 0.252 120.964 0.263
202303 0.813 122.702 0.837
202306 1.234 124.203 1.254
202309 0.515 125.230 0.519
202312 0.179 125.072 0.181
202403 1.138 126.258 1.138

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


Metro  (OTCPK:MTRAF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=55.00/2.14
=25.70

* 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 Metro was 45.56. The lowest was 24.11. And the median was 33.12.


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.


Metro Cyclically Adjusted FCF per Share Related Terms

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


Metro (MTRAF) Business Description

Traded in Other Exchanges
Address
11011 Maurice-Duplessis, Finances, Montreal, Montreal, QC, CAN, H1C 1V6
Metro is the third-largest grocery retailer in Canada (behind Loblaw and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaw and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in the provinces of Quebec and Ontario, with no presence in western Canada.

Metro (MTRAF) Headlines

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