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MGE Energy (FRA:MG1) Cyclically Adjusted FCF per Share : €0.14 (As of Mar. 2024)


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What is MGE Energy 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.

MGE Energy's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.535. 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 €0.14 for the trailing ten years ended in Mar. 2024.

During the past 12 months, MGE Energy's average Cyclically Adjusted FCF Growth Rate was -48.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -30.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -30.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -2.80% 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 MGE Energy was 166.80% per year. The lowest was -62.70% per year. And the median was -8.65% per year.

As of today (2024-05-26), MGE Energy's current stock price is €71.79. MGE Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.14. MGE Energy's Cyclically Adjusted Price-to-FCF of today is 512.79.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MGE Energy was 804.00. The lowest was 43.07. And the median was 89.77.


MGE Energy Cyclically Adjusted FCF per Share Historical Data

The historical data trend for MGE Energy'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.

MGE Energy Cyclically Adjusted FCF per Share Chart

MGE Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
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MGE Energy 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 - - - - 0.14

Competitive Comparison of MGE Energy's Cyclically Adjusted FCF per Share

For the Utilities - Regulated Electric subindustry, MGE Energy'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.


MGE Energy's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, MGE Energy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



MGE Energy 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, MGE Energy'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)
=0.535/131.7762*131.7762
=0.535

Current CPI (Mar. 2024) = 131.7762.

MGE Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.124 100.560 0.162
201409 0.278 100.428 0.365
201412 -0.439 99.070 -0.584
201503 0.616 99.621 0.815
201506 0.429 100.684 0.561
201509 0.785 100.392 1.030
201512 -0.031 99.792 -0.041
201603 0.728 100.470 0.955
201606 0.632 101.688 0.819
201609 0.365 101.861 0.472
201612 -0.074 101.863 -0.096
201703 0.678 102.862 0.869
201706 -0.007 103.349 -0.009
201709 0.121 104.136 0.153
201712 -0.161 104.011 -0.204
201803 0.219 105.290 0.274
201806 -0.447 106.317 -0.554
201809 -0.044 106.507 -0.054
201812 -1.232 105.998 -1.532
201903 0.543 107.251 0.667
201906 -0.369 108.070 -0.450
201909 -0.615 108.329 -0.748
201912 -0.438 108.420 -0.532
202003 0.184 108.902 0.223
202006 -0.171 108.767 -0.207
202009 -0.077 109.815 -0.092
202012 -0.628 109.897 -0.753
202103 0.212 111.754 0.250
202106 -0.144 114.631 -0.166
202109 0.571 115.734 0.650
202112 -1.047 117.630 -1.173
202203 0.786 121.301 0.854
202206 0.366 125.017 0.386
202209 -0.962 125.227 -1.012
202212 -0.839 125.222 -0.883
202303 0.218 127.348 0.226
202306 0.277 128.729 0.284
202309 0.633 129.860 0.642
202312 -0.716 129.419 -0.729
202403 0.535 131.776 0.535

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


MGE Energy  (FRA:MG1) 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.

MGE Energy's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=71.79/0.14
=512.79

* 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 MGE Energy was 804.00. The lowest was 43.07. And the median was 89.77.


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.


MGE Energy Cyclically Adjusted FCF per Share Related Terms

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


MGE Energy (FRA:MG1) Business Description

Industry
Traded in Other Exchanges
Address
133 South Blair Street, Madison, WI, USA, 53788
MGE Energy Inc is a U.S. public utilities holding company based in Wisconsin. The firm generates, purchases, and distributes electricity and natural gas, and also provides transmission services, the company generates electricity from coal and purchased power, but also from natural gas, fuel oil, and renewable sources. MGE operates through five segments, which include Regulated electric utility operations, Regulated gas utility operations, Non-regulated energy operations, Transmission investments, and All other segment which includes investing in companies and property and financing the regulated operations. The majority of electric retail revenue is derived from commercial consumers whereas the majority of natural gas revenue is derived from residential consumers.

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