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Monro (FRA:MR2) Cyclically Adjusted FCF per Share : €3.53 (As of Mar. 2024)


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What is Monro 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.

Monro's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.350. 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 €3.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Monro's average Cyclically Adjusted FCF Growth Rate was 5.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.50% 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 Monro was 65.10% per year. The lowest was 7.50% per year. And the median was 14.50% per year.

As of today (2024-06-11), Monro's current stock price is €23.00. Monro's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.53. Monro's Cyclically Adjusted Price-to-FCF of today is 6.52.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Monro was 50.66. The lowest was 6.07. And the median was 27.36.


Monro Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Monro'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.

Monro Cyclically Adjusted FCF per Share Chart

Monro 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 2.23 2.36 2.97 3.39 3.53

Monro 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 3.39 3.50 3.63 3.51 3.53

Competitive Comparison of Monro's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, Monro'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.


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

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

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



Monro 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, Monro'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)
=-0.35/131.7762*131.7762
=-0.350

Current CPI (Mar. 2024) = 131.7762.

Monro Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.564 100.560 0.739
201409 0.256 100.428 0.336
201412 0.646 99.070 0.859
201503 0.819 99.621 1.083
201506 0.597 100.684 0.781
201509 0.102 100.392 0.134
201512 0.741 99.792 0.978
201603 0.988 100.470 1.296
201606 0.361 101.688 0.468
201609 0.977 101.861 1.264
201612 0.673 101.863 0.871
201703 0.607 102.862 0.778
201706 0.928 103.349 1.183
201709 0.541 104.136 0.685
201712 0.284 104.011 0.360
201803 0.358 105.290 0.448
201806 0.991 106.317 1.228
201809 0.398 106.507 0.492
201812 1.132 105.998 1.407
201903 0.276 107.251 0.339
201906 1.183 108.070 1.443
201909 0.293 108.329 0.356
201912 0.722 108.420 0.878
202003 -0.486 108.902 -0.588
202006 1.501 108.767 1.819
202009 1.124 109.815 1.349
202012 0.436 109.897 0.523
202103 0.326 111.754 0.384
202106 1.403 114.631 1.613
202109 0.868 115.734 0.988
202112 0.455 117.630 0.510
202203 0.964 121.301 1.047
202206 1.920 125.017 2.024
202209 0.979 125.227 1.030
202212 1.238 125.222 1.303
202303 0.976 127.348 1.010
202306 1.850 128.729 1.894
202309 0.539 129.860 0.547
202312 0.825 129.419 0.840
202403 -0.350 131.776 -0.350

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


Monro  (FRA:MR2) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=23.00/3.53
=6.52

* 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 Monro was 50.66. The lowest was 6.07. And the median was 27.36.


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.


Monro Cyclically Adjusted FCF per Share Related Terms

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


Monro (FRA:MR2) Business Description

Industry
Traded in Other Exchanges
Address
200 Holleder Parkway, Rochester, NY, USA, 14615
Monro Inc is a provider automobile service stations in the United States. Through its network of company-owned service stations, Monro Muffler Brake offers maintenance, repair, tire, and fleet management services for automobiles focused largely on undercar services such as brake, steering, exhaust, drivetrain, and suspension systems. Next to service stores, the company also offers tire stores specialised in tire replacement and service.

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