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Main Street Capital (STU:13M) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


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What is Main Street Capital Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Main Street Capital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Main Street Capital'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.

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Main Street Capital Cyclically Adjusted Price-to-FCF Chart

Main Street Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Main Street Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Main Street Capital's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Main Street Capital'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.


Main Street Capital's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Main Street Capital 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.

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

For example, Main Street Capital'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)
=-1.276/131.7762*131.7762
=-1.276

Current CPI (Mar. 2024) = 131.7762.

Main Street Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.993 100.560 -2.612
201409 -0.351 100.428 -0.461
201412 -0.615 99.070 -0.818
201503 -1.857 99.621 -2.456
201506 -0.118 100.684 -0.154
201509 -1.856 100.392 -2.436
201512 1.317 99.792 1.739
201603 -0.067 100.470 -0.088
201606 -0.546 101.688 -0.708
201609 0.759 101.861 0.982
201612 -0.925 101.863 -1.197
201703 0.946 102.862 1.212
201706 -0.635 103.349 -0.810
201709 -0.979 104.136 -1.239
201712 1.794 104.011 2.273
201803 -1.973 105.290 -2.469
201806 0.135 106.317 0.167
201809 0.427 106.507 0.528
201812 -0.082 105.998 -0.102
201903 -0.351 107.251 -0.431
201906 0.522 108.070 0.637
201909 -0.152 108.329 -0.185
201912 -0.504 108.420 -0.613
202003 0.861 108.902 1.042
202006 -0.294 108.767 -0.356
202009 -0.873 109.815 -1.048
202012 -0.317 109.897 -0.380
202103 -0.308 111.754 -0.363
202106 -1.008 114.631 -1.159
202109 -0.622 115.734 -0.708
202112 -4.498 117.630 -5.039
202203 -0.629 121.301 -0.683
202206 0.132 125.017 0.139
202209 -2.933 125.227 -3.086
202212 0.126 125.222 0.133
202303 0.234 127.348 0.242
202306 0.317 128.729 0.325
202309 0.949 129.860 0.963
202312 1.668 129.419 1.698
202403 -1.276 131.776 -1.276

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.


Main Street Capital  (STU:13M) 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.


Main Street Capital Cyclically Adjusted Price-to-FCF Related Terms

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Main Street Capital (STU:13M) Business Description

Traded in Other Exchanges
Address
1300 Post Oak Boulevard, 8th Floor, Houston, TX, USA, 77056
Main Street Capital Corp is an investment firm engaged in providing customized debt and equity financing to lower middle market companies and debt capital to middle market companies. The investment portfolio of the company is typically made to support management buyouts, recapitalizations, growth financings, refinancings, and acquisitions of companies that operate in diverse industry sectors. The group invests in secured debt investments, equity investments, warrants, and other securities of the lower middle market and middle market companies based in the US. Business functioned through the U.S. region and it derives the majority of its income from the source of fees, commission, and interest.

Main Street Capital (STU:13M) Headlines

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