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Mastech Digital (STU:MS4A) Cyclically Adjusted Price-to-FCF : 10.36 (As of Jun. 06, 2024)


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What is Mastech Digital Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Mastech Digital's current share price is €7.25. Mastech Digital's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.70. Mastech Digital's Cyclically Adjusted Price-to-FCF for today is 10.36.

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

STU:MS4A' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.27   Med: 28.58   Max: 84.94
Current: 10.33

During the past years, Mastech Digital's highest Cyclically Adjusted Price-to-FCF was 84.94. The lowest was 10.27. And the median was 28.58.

STU:MS4A's Cyclically Adjusted Price-to-FCF is ranked better than
70.03% of 367 companies
in the Business Services industry
Industry Median: 18.14 vs STU:MS4A: 10.33

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.

Mastech Digital's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.127. 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 €0.70 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mastech Digital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mastech Digital'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.

Mastech Digital Cyclically Adjusted Price-to-FCF Chart

Mastech Digital 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 37.69 33.82 32.37 17.06 11.15

Mastech Digital 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 18.05 12.53 12.48 11.15 11.55

Competitive Comparison of Mastech Digital's Cyclically Adjusted Price-to-FCF

For the Staffing & Employment Services subindustry, Mastech Digital'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.


Mastech Digital's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Mastech Digital's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Mastech Digital 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.25/0.7
=10.36

* 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.

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

For example, Mastech Digital'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)
=-0.127/131.7762*131.7762
=-0.127

Current CPI (Mar. 2024) = 131.7762.

Mastech Digital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.191 100.560 0.250
201409 0.144 100.428 0.189
201412 0.016 99.070 0.021
201503 0.033 99.621 0.044
201506 0.081 100.684 0.106
201509 -0.224 100.392 -0.294
201512 0.409 99.792 0.540
201603 -0.290 100.470 -0.380
201606 0.163 101.688 0.211
201609 -0.245 101.861 -0.317
201612 0.630 101.863 0.815
201703 -0.337 102.862 -0.432
201706 0.330 103.349 0.421
201709 -0.203 104.136 -0.257
201712 0.363 104.011 0.460
201803 -0.155 105.290 -0.194
201806 0.085 106.317 0.105
201809 -0.214 106.507 -0.265
201812 0.202 105.998 0.251
201903 0.057 107.251 0.070
201906 0.589 108.070 0.718
201909 0.326 108.329 0.397
201912 0.230 108.420 0.280
202003 0.207 108.902 0.250
202006 0.650 108.767 0.788
202009 0.371 109.815 0.445
202012 0.290 109.897 0.348
202103 0.045 111.754 0.053
202106 -0.055 114.631 -0.063
202109 0.085 115.734 0.097
202112 0.167 117.630 0.187
202203 0.063 121.301 0.068
202206 0.024 125.017 0.025
202209 0.484 125.227 0.509
202212 0.380 125.222 0.400
202303 0.235 127.348 0.243
202306 0.791 128.729 0.810
202309 -0.209 129.860 -0.212
202312 0.420 129.419 0.428
202403 -0.127 131.776 -0.127

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.


Mastech Digital  (STU:MS4A) 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.


Mastech Digital Cyclically Adjusted Price-to-FCF Related Terms

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


Mastech Digital (STU:MS4A) Business Description

Traded in Other Exchanges
Address
1305 Cherrington Parkway, Building 210, Suite 400, Moon Township, PA, USA, 15108
Mastech Digital Inc is a provider of Digital Transformation IT Services. The Company offers data & analytics solutions & IT staffing services for both digital & mainstream technologies. The Group has two segments. Its Data & Analytics Services segment delivers specialized data management, data engineering, customer experience consulting, data analytics & cloud services to customers globally. IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital & mainstream technologies. Its digital transformation services also include staffing & project-based services around digital learning. The company derives a majority of its revenue from IT staffing services. Geographically, the majority is from the United States.

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