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MMG (MMLTF) Cyclically Adjusted Price-to-FCF : 8.99 (As of May. 26, 2024)


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What is MMG Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), MMG's current share price is $0.5391. MMG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $0.06. MMG's Cyclically Adjusted Price-to-FCF for today is 8.99.

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

MMLTF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.09   Med: 10.29   Max: 92.14
Current: 8.5

During the past 13 years, MMG's highest Cyclically Adjusted Price-to-FCF was 92.14. The lowest was 4.09. And the median was 10.29.

MMLTF's Cyclically Adjusted Price-to-FCF is ranked better than
82.59% of 247 companies
in the Metals & Mining industry
Industry Median: 22.46 vs MMLTF: 8.50

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.

MMG's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $0.122. 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 $0.06 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


MMG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MMG'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.

MMG Cyclically Adjusted Price-to-FCF Chart

MMG 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 10.22 16.78 8.28 5.72 4.98

MMG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 8.28 - 5.72 - 4.98

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

For the Copper subindustry, MMG'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.


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

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

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



MMG 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.5391/0.06
=8.99

* 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.

MMG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, MMG's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.122/117.2957*117.2957
=0.122

Current CPI (Dec23) = 117.2957.

MMG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.074 99.707 -0.087
201512 -0.282 102.015 -0.324
201612 -0.011 103.225 -0.012
201712 0.205 104.984 0.229
201812 0.172 107.622 0.187
201912 0.083 110.700 0.088
202012 0.104 109.711 0.111
202112 0.236 112.349 0.246
202212 0.031 114.548 0.032
202312 0.122 117.296 0.122

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.


MMG  (OTCPK:MMLTF) 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.


MMG Cyclically Adjusted Price-to-FCF Related Terms

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


MMG (MMLTF) Business Description

Industry
Traded in Other Exchanges
Address
79 Chatham Road South, Unit 1208, 12th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG
MMG Ltd is engaged in the exploration, development, and mining of zinc, copper, gold, silver, and lead deposits around the world. The group has five reportable operating segments namely Dugald River, Kinsevere, Rosebery, Las Bambas, and others. Las Bambas mine is an open-pit, scalable, long-life copper and molybdenum mining operation; Kinsevere is an open-pit copper mining operation located in the Haut-Katanga Province; Dugald River mine is an underground zinc mining operation located near Cloncurry in North West Queensland; Rosebery is an underground polymetallic base metal mining operation located on Tasmania's west coast; and Other Includes corporate entities in the Group. The majority is from the Las Bambas segment. The key revenue by metal is derived from Copper.

MMG (MMLTF) Headlines

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