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Mako Mining (TSXV:MKO) Cyclically Adjusted FCF per Share : C$-0.26 (As of Mar. 2024)


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What is Mako Mining 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.

Mako Mining's adjusted free cash flow per share for the three months ended in Mar. 2024 was C$0.086. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is C$-0.26 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.20% 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 Mako Mining was 20.10% per year. The lowest was -3.40% per year. And the median was 2.95% per year.

As of today (2024-06-08), Mako Mining's current stock price is C$3.28. Mako Mining's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$-0.26. Mako Mining's Cyclically Adjusted Price-to-FCF of today is .


Mako Mining Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Mako Mining'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.

Mako Mining Cyclically Adjusted FCF per Share Chart

Mako Mining Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.49 -0.53 -0.49 -0.35 -0.27

Mako Mining Quarterly Data
Apr19 Jul19 Oct19 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 -0.34 -0.32 -0.30 -0.27 -0.26

Competitive Comparison of Mako Mining's Cyclically Adjusted FCF per Share

For the Gold subindustry, Mako Mining'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.


Mako Mining's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mako Mining's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Mako Mining 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, Mako Mining'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)
=0.086/126.2576*126.2576
=0.086

Current CPI (Mar. 2024) = 126.2576.

Mako Mining Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.068 98.920 -0.087
201407 -0.315 99.315 -0.400
201410 0.166 99.473 0.211
201501 -0.021 98.209 -0.027
201504 -0.097 99.710 -0.123
201507 -0.045 100.579 -0.056
201510 -0.045 100.500 -0.057
201601 -0.029 100.184 -0.037
201604 -0.087 101.370 -0.108
201607 -0.114 101.844 -0.141
201610 -0.057 102.002 -0.071
201701 -0.059 102.318 -0.073
201704 -0.032 103.029 -0.039
201707 -0.039 103.029 -0.048
201710 -0.047 103.424 -0.057
201801 0.062 104.056 0.075
201804 -0.161 105.320 -0.193
201807 -0.066 106.110 -0.079
201810 -0.081 105.952 -0.097
201901 -0.040 105.557 -0.048
201904 -0.099 107.453 -0.116
201907 -0.104 108.243 -0.121
201910 -0.222 107.927 -0.260
202003 -0.215 107.927 -0.252
202006 -0.216 108.401 -0.252
202009 -0.215 108.164 -0.251
202012 -0.201 108.559 -0.234
202103 -0.149 110.298 -0.171
202106 -0.107 111.720 -0.121
202109 0.071 112.905 0.079
202112 0.166 113.774 0.184
202203 0.070 117.646 0.075
202206 0.070 120.806 0.073
202209 -0.010 120.648 -0.010
202212 0.018 120.964 0.019
202303 0.022 122.702 0.023
202306 0.004 124.203 0.004
202309 -0.035 125.230 -0.035
202312 0.159 125.072 0.161
202403 0.086 126.258 0.086

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


Mako Mining  (TSXV:MKO) 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.


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.


Mako Mining Cyclically Adjusted FCF per Share Related Terms

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


Mako Mining (TSXV:MKO) Business Description

Industry
Traded in Other Exchanges
Address
838 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6
Mako Mining Corp is a gold mining, development, and exploration firm. It's developing its high-grade San Albino gold project in Nueva Segovia, Nicaragua. Its primary objective is to bring San Albino into production quickly and efficiently while continuing the exploration of prospective targets in Nicaragua.
Executives
Jesse Munoz Director or Senior Officer of 10% Security Holder

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