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Milestone Global (BOM:531338) Cyclically Adjusted FCF per Share : ₹0.73 (As of Mar. 2024)


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What is Milestone Global Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Milestone Global's adjusted free cash flow per share data for the fiscal year that ended in Mar. 2024 was ₹-0.713. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ₹0.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Milestone Global's average Cyclically Adjusted FCF Growth Rate was -18.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 130.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 57.20% per year. 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 Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Milestone Global was 130.00% per year. The lowest was -30.70% per year. And the median was 66.80% per year.

As of today (2024-06-08), Milestone Global's current stock price is ₹ 28.94. Milestone Global's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar. 2024 was ₹0.73. Milestone Global's Cyclically Adjusted Price-to-FCF of today is 39.64.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Milestone Global was 188.33. The lowest was 17.78. And the median was 68.61.


Milestone Global Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Milestone Global's Cyclically Adjusted FCF per Share 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.

Milestone Global Cyclically Adjusted FCF per Share Chart

Milestone Global Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.06 0.65 0.90 0.73

Milestone Global Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 0.90 - - - 0.73

Competitive Comparison of Milestone Global's Cyclically Adjusted FCF per Share

For the Leisure subindustry, Milestone Global'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.


Milestone Global's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Milestone Global's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Milestone Global Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Milestone Global's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.713/153.0345*153.0345
=-0.713

Current CPI (Mar. 2024) = 153.0345.

Milestone Global Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.402 97.163 0.633
201603 1.372 102.518 2.048
201703 0.730 105.196 1.062
201803 -1.011 109.786 -1.409
201903 -0.187 118.202 -0.242
202003 0.238 124.705 0.292
202103 -0.922 131.771 -1.071
202203 5.262 138.822 5.801
202303 0.854 146.865 0.890
202403 -0.713 153.035 -0.713

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Milestone Global  (BOM:531338) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Milestone Global's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=28.94/0.73
=39.64

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Milestone Global was 188.33. The lowest was 17.78. And the median was 68.61.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Milestone Global Cyclically Adjusted FCF per Share Related Terms

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


Milestone Global (BOM:531338) Business Description

Traded in Other Exchanges
N/A
Address
Chintamani Road, No. 54-B, Hoskote Industrial Area (KIADB), Hoskote, Bangalore, KA, IND, 562114
Milestone Global Ltd is engaged in the manufacture and sale of Polished Granite Monuments. Principally, it is involved in creating monuments and memorials. The company operates through the stone segment. Its geographical segments include the United States of America, Europe, Canada, and India. The company provides custom designs, multi-pieces, sculpted monuments, and stand-alone sculptures. In addition, it also offers Standard specials, DVTs and wedges, Vases, and urns and unusual sets. The company's unit is located in India's granite belt which enables to have access to approximately over 30 colours of granite.

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