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Martinrea International (TSX:MRE) Cyclically Adjusted Price-to-FCF : 23.06 (As of Jun. 01, 2024)


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What is Martinrea International Cyclically Adjusted Price-to-FCF?

As of today (2024-06-01), Martinrea International's current share price is C$11.99. Martinrea International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.52. Martinrea International's Cyclically Adjusted Price-to-FCF for today is 23.06.

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

TSX:MRE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.81   Med: 63.74   Max: 205.17
Current: 23.18

During the past years, Martinrea International's highest Cyclically Adjusted Price-to-FCF was 205.17. The lowest was 20.81. And the median was 63.74.

TSX:MRE's Cyclically Adjusted Price-to-FCF is ranked worse than
51.52% of 495 companies
in the Vehicles & Parts industry
Industry Median: 21.57 vs TSX:MRE: 23.18

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.

Martinrea International's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$-0.260. 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 C$0.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Martinrea International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Martinrea International'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.

Martinrea International Cyclically Adjusted Price-to-FCF Chart

Martinrea International 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 - - - 90.72 29.82

Martinrea International 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 86.06 64.39 36.07 29.82 23.50

Competitive Comparison of Martinrea International's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, Martinrea International'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.


Martinrea International's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

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

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



Martinrea International 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.99/0.52
=23.06

* 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.

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

For example, Martinrea International'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)
=-0.26/126.2576*126.2576
=-0.260

Current CPI (Mar. 2024) = 126.2576.

Martinrea International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.577 99.473 0.732
201409 -0.067 99.394 -0.085
201412 0.410 98.367 0.526
201503 -0.542 99.789 -0.686
201506 0.469 100.500 0.589
201509 -0.422 100.421 -0.531
201512 0.465 99.947 0.587
201603 -0.679 101.054 -0.848
201606 0.430 102.002 0.532
201609 0.142 101.765 0.176
201612 0.341 101.449 0.424
201703 0.187 102.634 0.230
201706 0.124 103.029 0.152
201709 0.084 103.345 0.103
201712 -0.060 103.345 -0.073
201803 -0.030 105.004 -0.036
201806 -0.054 105.557 -0.065
201809 -0.061 105.636 -0.073
201812 -0.160 105.399 -0.192
201903 -0.235 106.979 -0.277
201906 0.511 107.690 0.599
201909 0.448 107.611 0.526
201912 0.577 107.769 0.676
202003 0.071 107.927 0.083
202006 -0.707 108.401 -0.823
202009 1.275 108.164 1.488
202012 0.034 108.559 0.040
202103 -0.446 110.298 -0.511
202106 -0.762 111.720 -0.861
202109 -0.464 112.905 -0.519
202112 0.197 113.774 0.219
202203 -0.733 117.646 -0.787
202206 0.367 120.806 0.384
202209 0.811 120.648 0.849
202212 0.226 120.964 0.236
202303 -0.381 122.702 -0.392
202306 0.390 124.203 0.396
202309 1.125 125.230 1.134
202312 1.496 125.072 1.510
202403 -0.260 126.258 -0.260

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.


Martinrea International  (TSX:MRE) 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.


Martinrea International Cyclically Adjusted Price-to-FCF Related Terms

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


Martinrea International (TSX:MRE) Business Description

Traded in Other Exchanges
Address
3210 Langstaff Road, Vaughan, ON, CAN, L4K 5B2
Martinrea International Inc is a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea's products in North America.
Executives
Ganesh Koduvayur Venkatasubramanian Kesavan Iyer Senior Officer
Armando Pagliari Senior Officer

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