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Iron Mountain (Iron Mountain) Cyclically Adjusted Price-to-FCF : 91.20 (As of Apr. 28, 2024)


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What is Iron Mountain Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Iron Mountain's current share price is $77.52. Iron Mountain's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.85. Iron Mountain's Cyclically Adjusted Price-to-FCF for today is 91.20.

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

IRM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.69   Med: 32.39   Max: 95.73
Current: 90.87

During the past years, Iron Mountain's highest Cyclically Adjusted Price-to-FCF was 95.73. The lowest was 18.69. And the median was 32.39.

IRM's Cyclically Adjusted Price-to-FCF is ranked worse than
95.38% of 390 companies
in the REITs industry
Industry Median: 11.545 vs IRM: 90.87

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.

Iron Mountain's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.238. 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 $0.85 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Iron Mountain Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Iron Mountain'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.

Iron Mountain Cyclically Adjusted Price-to-FCF Chart

Iron Mountain 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 26.80 24.92 49.09 48.50 82.03

Iron Mountain Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 48.50 53.23 58.56 67.19 82.03

Competitive Comparison of Iron Mountain's Cyclically Adjusted Price-to-FCF

For the REIT - Specialty subindustry, Iron Mountain'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.


Iron Mountain's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Iron Mountain's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Iron Mountain 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=77.52/0.85
=91.20

* 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.

Iron Mountain's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Iron Mountain'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)
=0.238/129.4194*129.4194
=0.238

Current CPI (Dec. 2023) = 129.4194.

Iron Mountain Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.313 99.695 -0.406
201406 0.258 100.560 0.332
201409 0.046 100.428 0.059
201412 0.379 99.070 0.495
201503 -0.370 99.621 -0.481
201506 0.446 100.684 0.573
201509 0.312 100.392 0.402
201512 0.537 99.792 0.696
201603 -0.033 100.470 -0.043
201606 0.135 101.688 0.172
201609 0.413 101.861 0.525
201612 0.109 101.863 0.138
201703 0.103 102.862 0.130
201706 0.373 103.349 0.467
201709 0.347 104.136 0.431
201712 0.311 104.011 0.387
201803 -0.126 105.290 -0.155
201806 0.644 106.317 0.784
201809 0.353 106.507 0.429
201812 0.535 105.998 0.653
201903 -0.329 107.251 -0.397
201906 0.410 108.070 0.491
201909 0.142 108.329 0.170
201912 0.535 108.420 0.639
202003 0.077 108.902 0.092
202006 0.718 108.767 0.854
202009 0.267 109.815 0.315
202012 0.789 109.897 0.929
202103 -0.273 111.754 -0.316
202106 0.567 114.631 0.640
202109 -0.178 115.734 -0.199
202112 0.343 117.630 0.377
202203 -0.372 121.301 -0.397
202206 0.408 125.017 0.422
202209 -0.183 125.227 -0.189
202212 0.296 125.222 0.306
202303 -0.472 127.348 -0.480
202306 -0.064 128.729 -0.064
202309 -0.491 129.860 -0.489
202312 0.238 129.419 0.238

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.


Iron Mountain  (NYSE:IRM) 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.


Iron Mountain Cyclically Adjusted Price-to-FCF Related Terms

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


Iron Mountain (Iron Mountain) Business Description

Industry
Traded in Other Exchanges
Address
85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801
Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.
Executives
William L Meaney director, officer: President and CEO C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Deborah Marson officer: EVP, General Counsel, Sec. C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Robin Matlock director C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Mark Kidd officer: SVP, GM Data Centers C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Wing Cheung Hwang officer: EVP&GM, Data Centers C/O IRON MOUNTAIN INC., 85 NEW HAMPSHIRE AVE, SUITE 150, PORTSMOUTH NH 03801
John Tomovcsik officer: EVP, G. Mgr., Rec. & Inf. Mgmt C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Edward Baker-greene officer: EVP, CHRO 601 MERRITT 7, NORWALK CT 06851
Wendy J. Murdock director 1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Samuels Theodore R. Ii director 1990 E. GRAND AVE., EL SEGUNDO CA 90245
Barry Hytinen officer: EVP & CFO 1000 TEMPUR WAY, LEXINGTON KY 40502
Daniel Borges officer: VP & Chief Accounting Officer C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Walter C Rakowich director 14100 E 35TH PL, AURORA CO 80011
Jennifer Allerton director C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Greg W Mcintosh officer: EVP, Strategic Accounts C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Deirdre Evens officer: EVP and Chief of Operations 10 STILLMEADOW WAY, FRAMINGHAM MA 01702

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