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Moody's (BSP:MCOR34) Cyclically Adjusted Price-to-FCF : 47.40 (As of May. 26, 2024)


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What is Moody's Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Moody's's current share price is R$527.04. Moody's's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$11.12. Moody's's Cyclically Adjusted Price-to-FCF for today is 47.40.

The historical rank and industry rank for Moody's's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:MCOR34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.73   Med: 38.46   Max: 59.26
Current: 46.38

During the past years, Moody's's highest Cyclically Adjusted Price-to-FCF was 59.26. The lowest was 21.73. And the median was 38.46.

BSP:MCOR34's Cyclically Adjusted Price-to-FCF is ranked worse than
78.45% of 232 companies
in the Capital Markets industry
Industry Median: 18.915 vs BSP:MCOR34: 46.38

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.

Moody's's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$4.731. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$11.12 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Moody's Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Moody's's Cyclically Adjusted Price-to-FCF 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.

Moody's Cyclically Adjusted Price-to-FCF Chart

Moody's Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.70 48.80 55.86 36.41 46.41

Moody's Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 38.43 42.11 37.73 46.41 44.40

Competitive Comparison of Moody's's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, Moody's'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.


Moody's's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Moody's's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Moody's Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Moody's's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=527.04/11.12
=47.40

* 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.

Moody's's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Moody's'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)
=4.731/131.7762*131.7762
=4.731

Current CPI (Mar. 2024) = 131.7762.

Moody's Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.677 100.560 0.887
201409 0.638 100.428 0.837
201412 0.913 99.070 1.214
201503 0.923 99.621 1.221
201506 1.183 100.684 1.548
201509 1.320 100.392 1.733
201512 1.365 99.792 1.802
201603 1.062 100.470 1.393
201606 1.157 101.688 1.499
201609 1.306 101.861 1.690
201612 1.472 101.863 1.904
201703 -2.137 102.862 -2.738
201706 1.903 103.349 2.426
201709 1.468 104.136 1.858
201712 1.625 104.011 2.059
201803 1.587 105.290 1.986
201806 1.760 106.317 2.181
201809 1.491 106.507 1.845
201812 1.739 105.998 2.162
201903 1.728 107.251 2.123
201906 1.859 108.070 2.267
201909 2.258 108.329 2.747
201912 2.530 108.420 3.075
202003 2.087 108.902 2.525
202006 4.056 108.767 4.914
202009 3.494 109.815 4.193
202012 4.335 109.897 5.198
202103 4.945 111.754 5.831
202106 3.773 114.631 4.337
202109 2.840 115.734 3.234
202112 1.786 117.630 2.001
202203 2.748 121.301 2.985
202206 1.481 125.017 1.561
202209 1.889 125.227 1.988
202212 2.123 125.222 2.234
202303 3.784 127.348 3.916
202306 3.625 128.729 3.711
202309 2.624 129.860 2.663
202312 2.694 129.419 2.743
202403 4.731 131.776 4.731

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


Moody's  (BSP:MCOR34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Moody's Cyclically Adjusted Price-to-FCF Related Terms

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


Moody's (BSP:MCOR34) Business Description

Traded in Other Exchanges
Address
7 World Trade Center at 250 Greenwich Street, New York, NY, USA, 10007
Moody's, along with S&P Ratings, is a leading provider of credit ratings on fixed-income securities. The ratings segment, Moody's Investors Service, includes corporates, structured finance, financial institutions, and public finance ratings. MIS represents a majority of the firm's revenue and profits. The other segment, Moody's Analytics, consists of research, data, and analytics as well as enterprise risk solutions. RD&A's products include credit research, quantitative credit scores, economic research, business intelligence, know-your-customer tools, commercial real estate data and analytical tools, and training services. ERS includes risk-management software solutions for financial institutions.

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