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MBIA (MBI) Cyclically Adjusted FCF per Share : $-2.92 (As of Dec. 2023)


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What is MBIA 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.

MBIA's adjusted free cash flow per share for the three months ended in Dec. 2023 was $-0.043. 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 $-2.92 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 17.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -0.90% 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 MBIA was 38.30% per year. The lowest was -62.40% per year. And the median was 2.95% per year.

As of today (2024-04-28), MBIA's current stock price is $6.82. MBIA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $-2.92. MBIA's Cyclically Adjusted Price-to-FCF of today is .


MBIA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for MBIA'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.

MBIA Cyclically Adjusted FCF per Share Chart

MBIA 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 -3.60 -3.60 -1.01 -1.20 -2.92

MBIA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -1.20 -1.24 -2.20 -2.37 -2.92

Competitive Comparison of MBIA's Cyclically Adjusted FCF per Share

For the Insurance - Specialty subindustry, MBIA'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.


MBIA's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



MBIA 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, MBIA's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.043/129.4194*129.4194
=-0.043

Current CPI (Dec. 2023) = 129.4194.

MBIA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -2.234 99.695 -2.900
201406 0.135 100.560 0.174
201409 0.212 100.428 0.273
201412 0.069 99.070 0.090
201503 -0.055 99.621 -0.071
201506 0.243 100.684 0.312
201509 0.045 100.392 0.058
201512 -0.650 99.792 -0.843
201603 0.295 100.470 0.380
201606 0.188 101.688 0.239
201609 -1.462 101.861 -1.858
201612 -0.159 101.863 -0.202
201703 -3.699 102.862 -4.654
201706 0.215 103.349 0.269
201709 -1.903 104.136 -2.365
201712 0.428 104.011 0.533
201803 -1.146 105.290 -1.409
201806 -0.280 106.317 -0.341
201809 -2.201 106.507 -2.674
201812 0.045 105.998 0.055
201903 -0.818 107.251 -0.987
201906 0.154 108.070 0.184
201909 -4.550 108.329 -5.436
201912 0.622 108.420 0.742
202003 -1.137 108.902 -1.351
202006 -0.112 108.767 -0.133
202009 -5.686 109.815 -6.701
202012 -0.041 109.897 -0.048
202103 10.739 111.754 12.437
202106 0.323 114.631 0.365
202109 -3.754 115.734 -4.198
202112 3.065 117.630 3.372
202203 5.501 121.301 5.869
202206 -0.823 125.017 -0.852
202209 -1.845 125.227 -1.907
202212 -11.188 125.222 -11.563
202303 -0.721 127.348 -0.733
202306 -0.856 128.729 -0.861
202309 -2.446 129.860 -2.438
202312 -0.043 129.419 -0.043

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


MBIA  (NYSE:MBI) 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.


MBIA Cyclically Adjusted FCF per Share Related Terms

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


MBIA (MBI) Business Description

Industry
Traded in Other Exchanges
Address
1 Manhattanville Road, Suite 301, Purchase, NY, USA, 10577
MBIA Inc provides financial guaranty insurance for municipal bonds and asset-backed securities in the United States and internationally. It offers an unconditional guarantee to repay the principal and interest on these securities if the issuer defaults. MBIA insures bonds sold in the primary and secondary markets, as well as those held in unit investment trusts and by mutual funds. It operates in three segments: the United States public finance insurance, corporate, and international & structured finance insurance. U.S. public finance insurance portfolio is managed through National Public Finance Guarantee Corporation. International & structured finance insurance business is managed through MBIA Insurance Corporation and its subsidiary.
Executives
Richard C Vaughan director C/O MBIA, 113 KING STREET, ARMONK NY 10504
Steven J Gilbert director 540 MADISON AVE, 40TH FL, NEW YORK NY 10022
Janice L. Innis-thompson director C/O MBIA INC., 1 MANHATTANVILLE ROAD - SUITE 301, PURCHASE NY 10577
William C Fallon officer: Member, Exec. Policy Committee C/O MBIA, 113 KING STREET, ARMONK NY 10504
Charles R Rinehart director DOWNEY FINANCIAL CORP., 3501 JAMBOREE ROAD, NEWPORT BEACH CA 92660
Theodore Shasta director C/O MBIA INC., 113 KING STREET, ARMONK NY 10504
Fine Capital Partners, L.p. 10 percent owner 3 COLUMBUS CIRCLE, 15TH FLOOR, NEW YORK NY 10019
Diane L Dewbrey director FIFTH THIRD BANCORP, 38 FOUNTAIN SQ PLZ, CINCINNATI OH 45263
Daniel M. Avitabile officer: Assistant Vice President C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Adam T. Bergonzi officer: Assistant Vice President C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Christopher H. Young officer: Assistant Vice President C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Jonathan C. Harris officer: General Counsel and Secretary C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Joseph R. Schachinger officer: Controller 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Joseph W Brown director, officer: Chairman and CEO C/O SAFECO, 4333 BROOKLYN AVENUE NE, SEATTLE WA 98185
Debra Fine 10 percent owner 590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022