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Mercedes-Benz Group AG (WAR:MBG) Cyclically Adjusted FCF per Share : zł0.34 (As of Mar. 2024)


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What is Mercedes-Benz Group AG 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.

Mercedes-Benz Group AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was zł13.068. 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 zł0.34 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 66.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 45.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 18.30% 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 Mercedes-Benz Group AG was 66.20% per year. The lowest was -17.40% per year. And the median was 10.10% per year.

As of today (2024-06-07), Mercedes-Benz Group AG's current stock price is zł284.45. Mercedes-Benz Group AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was zł0.34. Mercedes-Benz Group AG's Cyclically Adjusted Price-to-FCF of today is 836.62.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Mercedes-Benz Group AG was 942.13. The lowest was 822.25. And the median was 873.57.


Mercedes-Benz Group AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Mercedes-Benz Group AG'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.

Mercedes-Benz Group AG Cyclically Adjusted FCF per Share Chart

Mercedes-Benz Group AG 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 - - - - -0.83

Mercedes-Benz Group AG 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 - -2.83 -2.47 -0.83 0.34

Competitive Comparison of Mercedes-Benz Group AG's Cyclically Adjusted FCF per Share

For the Auto Manufacturers subindustry, Mercedes-Benz Group AG'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.


Mercedes-Benz Group AG's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mercedes-Benz Group AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Mercedes-Benz Group AG's Cyclically Adjusted Price-to-FCF falls into.



Mercedes-Benz Group AG 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, Mercedes-Benz Group AG'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)
=13.068/125.0381*125.0381
=13.068

Current CPI (Mar. 2024) = 125.0381.

Mercedes-Benz Group AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -7.185 99.543 -9.025
201409 0.738 99.823 0.924
201412 -30.438 99.543 -38.234
201503 1.495 99.717 1.875
201506 -10.245 100.417 -12.757
201509 -5.171 100.417 -6.439
201512 -15.510 99.717 -19.449
201603 -2.205 100.017 -2.757
201606 -2.834 100.717 -3.518
201609 -5.826 101.017 -7.211
201612 -10.001 101.217 -12.355
201703 -0.428 101.417 -0.528
201706 -7.573 102.117 -9.273
201709 -4.358 102.717 -5.305
201712 -39.529 102.617 -48.166
201803 -5.977 102.917 -7.262
201806 -9.536 104.017 -11.463
201809 -20.110 104.718 -24.012
201812 -9.695 104.217 -11.632
201903 -7.617 104.217 -9.139
201906 -4.736 105.718 -5.602
201909 7.003 106.018 8.259
201912 -7.209 105.818 -8.518
202003 -3.321 105.718 -3.928
202006 21.410 106.618 25.109
202009 30.963 105.818 36.587
202012 11.250 105.518 13.331
202103 13.264 107.518 15.425
202106 24.079 108.486 27.753
202109 30.346 109.435 34.673
202112 8.542 110.384 9.676
202203 6.022 113.968 6.607
202206 13.752 115.760 14.854
202209 13.981 118.818 14.713
202212 5.100 119.345 5.343
202303 7.285 122.402 7.442
202306 7.972 123.140 8.095
202309 5.776 124.195 5.815
202312 4.394 123.773 4.439
202403 13.068 125.038 13.068

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


Mercedes-Benz Group AG  (WAR:MBG) 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.

Mercedes-Benz Group AG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=284.45/0.34
=836.62

* 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 Mercedes-Benz Group AG was 942.13. The lowest was 822.25. And the median was 873.57.


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.


Mercedes-Benz Group AG Cyclically Adjusted FCF per Share Related Terms

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


Mercedes-Benz Group AG (WAR:MBG) Business Description

Address
Mercedesstrasse 120, Stuttgart, BW, DEU, 70372
Based in Stuttgart, Germany, Mercedes-Benz Group makes premium and luxury passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach. Mercedes-Benz Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Mercedes owns 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Mercedes-Benz. Other major shareholders include Beijing Automotive Group at 9.98% and Kuwait Investment Authority at 4.9% (6.8% before the sale of a 1.9% stake in March 2023).