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Iron Mountain (STU:I5M) Cyclically Adjusted FCF per Share : €0.76 (As of Mar. 2024)


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What is Iron Mountain 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.

Iron Mountain's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.790. 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 €0.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Iron Mountain's average Cyclically Adjusted FCF Growth Rate was -17.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -10.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -6.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 0.10% 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 Iron Mountain was 31.00% per year. The lowest was -10.40% per year. And the median was 3.95% per year.

As of today (2024-05-26), Iron Mountain's current stock price is €74.26. Iron Mountain's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.76. Iron Mountain's Cyclically Adjusted Price-to-FCF of today is 97.71.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Iron Mountain was 99.74. The lowest was 18.69. And the median was 32.39.


Iron Mountain Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Iron Mountain'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.

Iron Mountain Cyclically Adjusted FCF per Share Chart

Iron Mountain 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 1.06 1.00 0.95 0.96 0.77

Iron Mountain 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 0.91 0.89 0.84 0.77 0.76

Competitive Comparison of Iron Mountain's Cyclically Adjusted FCF per Share

For the REIT - Specialty subindustry, Iron Mountain'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.


Iron Mountain's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Iron Mountain's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Iron Mountain 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, Iron Mountain'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)
=-0.79/131.7762*131.7762
=-0.790

Current CPI (Mar. 2024) = 131.7762.

Iron Mountain Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.190 100.560 0.249
201409 0.036 100.428 0.047
201412 0.308 99.070 0.410
201503 -0.342 99.621 -0.452
201506 0.398 100.684 0.521
201509 0.278 100.392 0.365
201512 0.493 99.792 0.651
201603 -0.030 100.470 -0.039
201606 0.120 101.688 0.156
201609 0.368 101.861 0.476
201612 0.103 101.863 0.133
201703 0.096 102.862 0.123
201706 0.332 103.349 0.423
201709 0.291 104.136 0.368
201712 0.263 104.011 0.333
201803 -0.103 105.290 -0.129
201806 0.551 106.317 0.683
201809 0.302 106.507 0.374
201812 0.470 105.998 0.584
201903 -0.291 107.251 -0.358
201906 0.363 108.070 0.443
201909 0.129 108.329 0.157
201912 0.481 108.420 0.585
202003 0.070 108.902 0.085
202006 0.638 108.767 0.773
202009 0.227 109.815 0.272
202012 0.649 109.897 0.778
202103 -0.229 111.754 -0.270
202106 0.471 114.631 0.541
202109 -0.151 115.734 -0.172
202112 0.304 117.630 0.341
202203 -0.337 121.301 -0.366
202206 0.386 125.017 0.407
202209 -0.185 125.227 -0.195
202212 0.280 125.222 0.295
202303 -0.441 127.348 -0.456
202306 -0.059 128.729 -0.060
202309 -0.460 129.860 -0.467
202312 0.218 129.419 0.222
202403 -0.790 131.776 -0.790

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


Iron Mountain  (STU:I5M) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=74.26/0.76
=97.71

* 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 Iron Mountain was 99.74. The lowest was 18.69. And the median was 32.39.


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.


Iron Mountain Cyclically Adjusted FCF per Share Related Terms

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


Iron Mountain (STU:I5M) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Iron Mountain Inc (STU:I5M) » Definitions » Cyclically Adjusted FCF per Share
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Address
85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801
Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.

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