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Murphy USA (Murphy USA) Cyclically Adjusted FCF per Share : $10.39 (As of Mar. 2024)


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What is Murphy USA 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.

Murphy USA's adjusted free cash flow per share for the three months ended in Mar. 2024 was $2.826. 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 $10.39 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Murphy USA's average Cyclically Adjusted FCF Growth Rate was 16.00% 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.

As of today (2024-05-10), Murphy USA's current stock price is $418.29. Murphy USA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $10.39. Murphy USA's Cyclically Adjusted Price-to-FCF of today is 40.26.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Murphy USA was 40.75. The lowest was 28.34. And the median was 34.47.


Murphy USA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Murphy USA'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.

Murphy USA Cyclically Adjusted FCF per Share Chart

Murphy USA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 5.64 8.54 10.35

Murphy USA 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 8.96 9.33 9.47 10.35 10.39

Competitive Comparison of Murphy USA's Cyclically Adjusted FCF per Share

For the Specialty Retail subindustry, Murphy USA'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.


Murphy USA's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Murphy USA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Murphy USA 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, Murphy USA'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)
=2.826/129.4194*129.4194
=2.826

Current CPI (Mar. 2024) = 129.4194.

Murphy USA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.077 100.560 -0.099
201409 0.796 100.428 1.026
201412 1.057 99.070 1.381
201503 0.061 99.621 0.079
201506 -0.290 100.684 -0.373
201509 0.173 100.392 0.223
201512 0.316 99.792 0.410
201603 0.718 100.470 0.925
201606 0.564 101.688 0.718
201609 -1.050 101.861 -1.334
201612 1.667 101.863 2.118
201703 -3.031 102.862 -3.814
201706 0.488 103.349 0.611
201709 1.639 104.136 2.037
201712 1.734 104.011 2.158
201803 1.723 105.290 2.118
201806 0.161 106.317 0.196
201809 0.443 106.507 0.538
201812 3.569 105.998 4.358
201903 0.543 107.251 0.655
201906 0.640 108.070 0.766
201909 1.880 108.329 2.246
201912 0.343 108.420 0.409
202003 2.197 108.902 2.611
202006 7.089 108.767 8.435
202009 0.753 109.815 0.887
202012 1.216 109.897 1.432
202103 6.410 111.754 7.423
202106 0.661 114.631 0.746
202109 6.936 115.734 7.756
202112 3.388 117.630 3.728
202203 10.976 121.301 11.711
202206 3.960 125.017 4.099
202209 7.476 125.227 7.726
202212 6.237 125.222 6.446
202303 3.479 127.348 3.536
202306 4.476 128.729 4.500
202309 5.076 129.860 5.059
202312 7.606 129.419 7.606
202403 2.826 129.419 2.826

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


Murphy USA  (NYSE:MUSA) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=418.29/10.39
=40.26

* 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 Murphy USA was 40.75. The lowest was 28.34. And the median was 34.47.


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.


Murphy USA Cyclically Adjusted FCF per Share Related Terms

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


Murphy USA (Murphy USA) Business Description

Traded in Other Exchanges
Address
200 Peach Street, El Dorado, AR, USA, 71730-5836
Murphy USA Inc is an American retailer of gasoline products and convenience-store merchandise operating in the United States. The stores are 100% company-operated and 90% company-owned; most are adjacent to Walmart stores. The business also contains product supply and wholesale assets, such as product distribution terminals and pipelines. Murphy is positioned in the market as a low-price, high-volume fuel retailer selling through low-cost kiosks and small stores. The stores adjacent to Walmart offer a discount program. The amount of the discount offered can vary based on many factors, including state laws.
Executives
Renee M Bacon officer: SVP, Sales & Ops 200 PEACH STREET, EL DORADO AR 71730
Jennifer Bridges officer: SVP, Asset Development 200 E. PEACH STREET, EL DORADO AR 71730
Robert J Chumley officer: Senior Vice President 200 PEACH STREET, EL DORADO AR 71730
Robert Madison Murphy director 200 NORTH JEFFERSON SUITE 400, EL DODRADO AR 71730
R Andrew Clyde director, officer: President & CEO 200 PEACH STREET, EL DORADO AR 71730
Christopher A Click officer: SVP, Strategy & Development 200 PEACH ST, EL DORADO AR 71731
Jeanne Linder Phillips director 5421 DRANE DR., DALLAS TX 75201
Smith Donald R Jr officer: Vice President & Controller 200 PEACH STREET, EL DORADO AR 71730
Malynda K West officer: EVP, CFO & Treasurer 200 PEACH STREET, PO BOX 7000, EL DORADO AR 71730
Terry P. Hatten officer: SVP 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Rosemary Turner director 1500 SOLANA BLVD., WESTLAKE TX 76262
David Goebel director C/O APPLEBEE'S INTERNATIONAL, INC., 4551 W 107TH STREET, OVERLAND PARK KS 66207
Blake Segal officer: SVP, QuickChek 200 E. PEACH STREET, EL DORADO AR 71730
John A Moore officer: SVP & Secretary 200 PEACH ST., P.O. BOX 7000, EL DORADO AR 71730
Claiborne P Deming director ENTERGY CORP, PO BOX 61000, NEW ORLEANS LA 70161

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