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MarineMax (STU:MLW) Cyclically Adjusted Price-to-FCF : 15.25 (As of May. 24, 2024)


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What is MarineMax Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), MarineMax's current share price is €24.40. MarineMax's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.60. MarineMax's Cyclically Adjusted Price-to-FCF for today is 15.25.

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

STU:MLW' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.47   Med: 16.73   Max: 109.38
Current: 15.52

During the past years, MarineMax's highest Cyclically Adjusted Price-to-FCF was 109.38. The lowest was 8.47. And the median was 16.73.

STU:MLW's Cyclically Adjusted Price-to-FCF is ranked worse than
57.24% of 428 companies
in the Retail - Cyclical industry
Industry Median: 12.71 vs STU:MLW: 15.52

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.

MarineMax's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-1.491. 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 €1.60 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MarineMax Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MarineMax'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.

MarineMax Cyclically Adjusted Price-to-FCF Chart

MarineMax Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 96.09 19.98 16.15 8.96 15.36

MarineMax 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 13.07 14.63 15.36 22.19 19.09

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

For the Specialty Retail subindustry, MarineMax'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.


MarineMax's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

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

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



MarineMax 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=24.40/1.6
=15.25

* 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.

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

For example, MarineMax'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)
=-1.491/131.7762*131.7762
=-1.491

Current CPI (Mar. 2024) = 131.7762.

MarineMax Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.174 100.560 1.538
201409 -0.106 100.428 -0.139
201412 -1.415 99.070 -1.882
201503 0.529 99.621 0.700
201506 1.068 100.684 1.398
201509 -0.285 100.392 -0.374
201512 -2.128 99.792 -2.810
201603 -0.028 100.470 -0.037
201606 2.648 101.688 3.432
201609 -0.200 101.861 -0.259
201612 -1.810 101.863 -2.342
201703 -0.128 102.862 -0.164
201706 1.170 103.349 1.492
201709 0.299 104.136 0.378
201712 -2.192 104.011 -2.777
201803 1.143 105.290 1.431
201806 2.515 106.317 3.117
201809 0.555 106.507 0.687
201812 -2.559 105.998 -3.181
201903 -0.076 107.251 -0.093
201906 2.374 108.070 2.895
201909 -0.853 108.329 -1.038
201912 -0.974 108.420 -1.184
202003 -0.043 108.902 -0.052
202006 9.580 108.767 11.607
202009 2.958 109.815 3.550
202012 -0.719 109.897 -0.862
202103 5.642 111.754 6.653
202106 6.363 114.631 7.315
202109 1.373 115.734 1.563
202112 -0.616 117.630 -0.690
202203 2.941 121.301 3.195
202206 0.970 125.017 1.022
202209 -2.808 125.227 -2.955
202212 -7.083 125.222 -7.454
202303 -4.592 127.348 -4.752
202306 1.264 128.729 1.294
202309 -1.727 129.860 -1.752
202312 -4.118 129.419 -4.193
202403 -1.491 131.776 -1.491

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.


MarineMax  (STU:MLW) 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.


MarineMax Cyclically Adjusted Price-to-FCF Related Terms

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


MarineMax (STU:MLW) Business Description

Traded in Other Exchanges
Address
2600 McCormick Drive, Suite 200, Clearwater, FL, USA, 33759
MarineMax Inc is a United-States-based company that sells new and used recreational boats under premium brands, and related marine products, like engines, parts, and accessories. The company is also engaged in other businesses, including providing services of repair, maintenance, and storage; managing related boat financing, insurance, and others; offering brokerage sales of boats and yachts; and operating a yacht charter business. The reportable segments of the company are Retail Operations and Product Manufacturing. The Retail Operations segment generates the majority of the company's revenue. The sale of new and used boats accounts for the majority of the company's total revenue. It serves customers across the U.S.

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