During the past 6 years, the highest 3-Year average Free Cash Flow per Share Growth Rate of MainStay MacKay DefinedTerm Municipal Opportunities Fund was 97.20% per year. The lowest was 66.30% per year. And the median was 81.75% per year.
Competitive Comparison of MainStay MacKay DefinedTerm Municipal Opportunities Fund's 3-Year FCF Growth Rate
* 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.
MainStay MacKay DefinedTerm Municipal Opportunities Fund's 3-Year FCF Growth Rate Distribution in the Asset Management Industry
* The bar in red indicates where MainStay MacKay DefinedTerm Municipal Opportunities Fund's 3-Year FCF Growth Rate falls into.
MainStay MacKay DefinedTerm Municipal Opportunities Fund 3-Year FCF Growth Rate Calculation
This is the 3-year average growth rate of Free Cash Flow per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Free Cash Flow per Share growth rate.
MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) 3-Year FCF Growth Rate Explanation
Free Cash Flow per Share is the amount of Free Cash Flow per outstanding share of the company's stock. Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company. It's used in the calculation of Forward Rate of Return (Yacktman) %.
MainStay MacKay DefinedTerm Municipal Opportunities Fund 3-Year FCF Growth Rate Related Terms
Thank you for viewing the detailed overview of MainStay MacKay DefinedTerm Municipal Opportunities Fund's 3-Year FCF Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.
MainStay MacKay DefinedTerm Municipal Opportunities Fund (MainStay MacKay DefinedTerm Municipal Opportunities Fund) Business Description
MainStay MacKay DefinedTerm Municipal Opportunities Fund is a USA-based diversified closed-end management investment company. The fund's investment objective is to seek current income exempt from regular U.S. Federal income taxes as well as total return. The company may also invest in TOB (Tender Option Bonds) Floaters and TOB Residuals issued by the TOB Issuer. It evaluates its performance against Barclays Municipal Bond Index.
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