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MAG Silver (STU:MQ8) Cyclically Adjusted FCF per Share : €-0.07 (As of Mar. 2024)


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What is MAG Silver 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.

MAG Silver's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.057. 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 €-0.07 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -3.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.20% 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 MAG Silver was 19.10% per year. The lowest was -3.60% per year. And the median was 8.40% per year.

As of today (2024-06-08), MAG Silver's current stock price is €11.88. MAG Silver's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-0.07. MAG Silver's Cyclically Adjusted Price-to-FCF of today is .


MAG Silver Cyclically Adjusted FCF per Share Historical Data

The historical data trend for MAG Silver'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.

MAG Silver Cyclically Adjusted FCF per Share Chart

MAG Silver 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 -0.09 -0.05 -0.07 -0.07 -0.07

MAG Silver 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 -0.07 -0.07 -0.07 -0.07 -0.07

Competitive Comparison of MAG Silver's Cyclically Adjusted FCF per Share

For the Silver subindustry, MAG Silver'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.


MAG Silver's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, MAG Silver's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



MAG Silver 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, MAG Silver'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)
=-0.057/126.2576*126.2576
=-0.057

Current CPI (Mar. 2024) = 126.2576.

MAG Silver Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.029 99.473 -0.037
201409 -0.017 99.394 -0.022
201412 -0.017 98.367 -0.022
201503 -0.014 99.789 -0.018
201506 -0.017 100.500 -0.021
201509 -0.011 100.421 -0.014
201512 -0.020 99.947 -0.025
201603 -0.014 101.054 -0.017
201606 -0.014 102.002 -0.017
201609 -0.008 101.765 -0.010
201612 -0.015 101.449 -0.019
201703 -0.019 102.634 -0.023
201706 -0.005 103.029 -0.006
201709 -0.011 103.345 -0.013
201712 -0.008 103.345 -0.010
201803 -0.015 105.004 -0.018
201806 -0.008 105.557 -0.010
201809 -0.002 105.636 -0.002
201812 -0.014 105.399 -0.017
201903 -0.012 106.979 -0.014
201906 -0.008 107.690 -0.009
201909 -0.006 107.611 -0.007
201912 -0.011 107.769 -0.013
202003 -0.017 107.927 -0.020
202006 -0.015 108.401 -0.017
202009 -0.005 108.164 -0.006
202012 -0.022 108.559 -0.026
202103 -0.026 110.298 -0.030
202106 -0.008 111.720 -0.009
202109 -0.011 112.905 -0.012
202112 -0.015 113.774 -0.017
202203 -0.015 117.646 -0.016
202206 -0.048 120.806 -0.050
202209 -0.013 120.648 -0.014
202212 -0.007 120.964 -0.007
202303 -0.029 122.702 -0.030
202306 -0.016 124.203 -0.016
202309 -0.012 125.230 -0.012
202312 -0.024 125.072 -0.024
202403 -0.057 126.258 -0.057

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


MAG Silver  (STU:MQ8) 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.


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.


MAG Silver Cyclically Adjusted FCF per Share Related Terms

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


MAG Silver (STU:MQ8) Business Description

Industry
Traded in Other Exchanges
Address
800 West Pender Street, Suite 770, Vancouver, BC, CAN, V6C 2V6
MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%). Juanicipio is located in the Fresnillo Silver Trend in Mexico, and the JV is constructing and developing the surface and underground infrastructure on the property to support a 4,000tpd mining operation. Also, MAG has an expanded exploration program targeting multiple prospective targets at both Juanicipio and the Deer Trail 100% earn-in prloject in Utah.

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