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MSCI (BSP:M1SC34) Cyclically Adjusted Price-to-FCF : 59.56 (As of May. 14, 2024)


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What is MSCI Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), MSCI's current share price is R$57.18. MSCI's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$0.96. MSCI's Cyclically Adjusted Price-to-FCF for today is 59.56.

The historical rank and industry rank for MSCI's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:M1SC34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.46   Med: 64.65   Max: 129.68
Current: 56.09

During the past years, MSCI's highest Cyclically Adjusted Price-to-FCF was 129.68. The lowest was 23.46. And the median was 64.65.

BSP:M1SC34's Cyclically Adjusted Price-to-FCF is ranked worse than
84.72% of 229 companies
in the Capital Markets industry
Industry Median: 19.06 vs BSP:M1SC34: 56.09

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.

MSCI's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.393. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$0.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MSCI Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MSCI's Cyclically Adjusted Price-to-FCF 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.

MSCI Cyclically Adjusted Price-to-FCF Chart

MSCI Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.04 99.96 108.83 66.97 68.00

MSCI Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 76.72 61.60 64.41 68.00 64.80

Competitive Comparison of MSCI's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, MSCI'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.


MSCI's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MSCI's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



MSCI Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

MSCI's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=57.18/0.96
=59.56

* 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.

MSCI's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, MSCI'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)
=0.393/129.4194*129.4194
=0.393

Current CPI (Mar. 2024) = 129.4194.

MSCI Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.025 100.560 0.032
201409 0.040 100.428 0.052
201412 0.051 99.070 0.067
201503 0.038 99.621 0.049
201506 0.008 100.684 0.010
201509 0.099 100.392 0.128
201512 0.066 99.792 0.086
201603 0.026 100.470 0.033
201606 0.084 101.688 0.107
201609 0.104 101.861 0.132
201612 0.104 101.863 0.132
201703 0.021 102.862 0.026
201706 0.094 103.349 0.118
201709 0.070 104.136 0.087
201712 0.099 104.011 0.123
201803 0.067 105.290 0.082
201806 0.187 106.317 0.228
201809 0.134 106.507 0.163
201812 0.159 105.998 0.194
201903 0.081 107.251 0.098
201906 0.182 108.070 0.218
201909 0.190 108.329 0.227
201912 0.246 108.420 0.294
202003 0.132 108.902 0.157
202006 0.351 108.767 0.418
202009 0.273 109.815 0.322
202012 0.306 109.897 0.360
202103 0.315 111.754 0.365
202106 0.294 114.631 0.332
202109 0.289 115.734 0.323
202112 0.405 117.630 0.446
202203 0.315 121.301 0.336
202206 0.273 125.017 0.283
202209 0.450 125.227 0.465
202212 0.437 125.222 0.452
202303 0.357 127.348 0.363
202306 0.366 128.729 0.368
202309 0.381 129.860 0.380
202312 0.514 129.419 0.514
202403 0.393 129.419 0.393

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


MSCI  (BSP:M1SC34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


MSCI Cyclically Adjusted Price-to-FCF Related Terms

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


MSCI (BSP:M1SC34) Business Description

Industry
Traded in Other Exchanges
Address
250 Greenwich Street, 49th Floor, 7 World Trade Center, New York, NY, USA, 10007
MSCI describes its mission as enabling investors to build better portfolios for a better world. MSCI's largest and most profitable segment is its index segment, where it provides benchmarking to asset managers and asset owners. In addition, it boasts over $1.3 trillion in ETF assets linked to MSCI indexes. The MSCI analytics segment provides portfolio management and risk management analytics software to asset managers and asset owners. MSCI's all other segment was broken out into ESG and climate and private assets segments in 2021. In ESG and climate, MSCI provides ESG data to the investment industry. In private assets, MSCI provides real restate reporting, market data, benchmarking, and analytics to investors and real estate managers.

MSCI (BSP:M1SC34) Headlines

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