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Mueller Industries (Mueller Industries) Cyclically Adjusted Price-to-FCF : 22.84 (As of Apr. 27, 2024)


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What is Mueller Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Mueller Industries's current share price is $57.33. Mueller Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.51. Mueller Industries's Cyclically Adjusted Price-to-FCF for today is 22.84.

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

MLI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.93   Med: 20.83   Max: 28.69
Current: 22.81

During the past years, Mueller Industries's highest Cyclically Adjusted Price-to-FCF was 28.69. The lowest was 11.93. And the median was 20.83.

MLI's Cyclically Adjusted Price-to-FCF is ranked better than
64.37% of 1016 companies
in the Industrial Products industry
Industry Median: 32.505 vs MLI: 22.81

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.

Mueller Industries's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.377. 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 $2.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mueller Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mueller Industries'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.

Mueller Industries Cyclically Adjusted Price-to-FCF Chart

Mueller Industries 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 19.68 18.14 25.26 16.30 20.37

Mueller Industries 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 18.73 21.55 16.77 20.37 21.46

Competitive Comparison of Mueller Industries's Cyclically Adjusted Price-to-FCF

For the Metal Fabrication subindustry, Mueller Industries'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.


Mueller Industries's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mueller Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Mueller Industries 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=57.33/2.51
=22.84

* 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.

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

For example, Mueller Industries'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)
=1.377/129.4194*129.4194
=1.377

Current CPI (Mar. 2024) = 129.4194.

Mueller Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.140 100.560 -0.180
201409 0.401 100.428 0.517
201412 0.665 99.070 0.869
201503 -0.031 99.621 -0.040
201506 0.041 100.684 0.053
201509 0.630 100.392 0.812
201512 0.507 99.792 0.658
201603 0.039 100.470 0.050
201606 0.239 101.688 0.304
201609 0.204 101.861 0.259
201612 0.570 101.863 0.724
201703 -0.163 102.862 -0.205
201706 0.169 103.349 0.212
201709 0.310 104.136 0.385
201712 -0.333 104.011 -0.414
201803 -0.279 105.290 -0.343
201806 0.501 106.317 0.610
201809 0.701 106.507 0.852
201812 0.207 105.998 0.253
201903 -0.280 107.251 -0.338
201906 0.732 108.070 0.877
201909 0.540 108.329 0.645
201912 0.510 108.420 0.609
202003 0.097 108.902 0.115
202006 0.975 108.767 1.160
202009 0.418 109.815 0.493
202012 0.296 109.897 0.349
202103 -0.281 111.754 -0.325
202106 0.203 114.631 0.229
202109 1.449 115.734 1.620
202112 1.089 117.630 1.198
202203 0.506 121.301 0.540
202206 1.094 125.017 1.133
202209 2.712 125.227 2.803
202212 1.765 125.222 1.824
202303 0.923 127.348 0.938
202306 1.031 128.729 1.037
202309 2.085 129.860 2.078
202312 1.401 129.419 1.401
202403 1.377 129.419 1.377

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.


Mueller Industries  (NYSE:MLI) 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.


Mueller Industries Cyclically Adjusted Price-to-FCF Related Terms

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


Mueller Industries (Mueller Industries) Business Description

Traded in Other Exchanges
Address
150 Schilling Boulevard, Suite 100, Collierville, TN, USA, 38017
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning most of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms worldwide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive. Most sales derive from the United States, but the company operates worldwide.
Executives
Steffen Sigloch officer: VP, Mfg and Engineering 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
John B Hansen officer: President, Mfg Operations 8285 TOURNAMENT DRIVE SUITE 150, MEMPHIS TN 38125
Gregory L. Christopher officer: President - Standard Products 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Scott Jay Goldman director 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Herzog Charles P Jr director 9581 FOX HILL CIRCLE SOUTH, GERMANTOWN TN 38139
William C. Drummond director 1395 BRICKELL AVENUE, MIAMI FL 33131
Gary S Gladstein director SOROS FUND MANAGEMENT LLC, 888 SEVENTH AVE 3300, NEW YORK NY 10106
Anthony Steinriede officer: VP - Corporate Controller 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Gary Westermeyer officer: President, Refrigeration 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Gennaro J Fulvio director
Kristee Michelle Ford officer: Chief Information Officer 581 ROCKY JOE DRIVE, COLLIERVILLE TN 38017
Paul J Flaherty director C/O MUELLER INDUSTRIES INC., 8285 TOURNAMENT DRIVE SUITE 150, MEMPHIS TN 38125
Devin Malone officer: President, Streamline 2321 WICKERSHAM CV, GERMANTOWN TN 38139
Christopher Andrew Mitchell officer: President, Canadian Operations 198 PIONEER TOWER ROAD, KITCHENER A6 N2P 2H8
Elizabeth M Donovan director 400 E OHIO STREET, CHICAGO IL 60611