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Mercer International (Mercer International) Cyclically Adjusted Price-to-FCF : 8.92 (As of Jun. 08, 2024)


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What is Mercer International Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Mercer International's current share price is $8.92. Mercer International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.00. Mercer International's Cyclically Adjusted Price-to-FCF for today is 8.92.

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

MERC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.69   Med: 11.37   Max: 34.33
Current: 8.92

During the past years, Mercer International's highest Cyclically Adjusted Price-to-FCF was 34.33. The lowest was 4.69. And the median was 11.37.

MERC's Cyclically Adjusted Price-to-FCF is ranked better than
76.38% of 127 companies
in the Forest Products industry
Industry Median: 17.1 vs MERC: 8.92

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.

Mercer International's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.715. 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 $1.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mercer International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mercer International'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.

Mercer International Cyclically Adjusted Price-to-FCF Chart

Mercer International 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 8.71 8.36 10.86 8.20 8.05

Mercer International 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 7.62 6.51 7.39 8.05 9.95

Competitive Comparison of Mercer International's Cyclically Adjusted Price-to-FCF

For the Paper & Paper Products subindustry, Mercer International'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.


Mercer International's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mercer International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Mercer International 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.92/1
=8.92

* 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.

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

For example, Mercer International'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)
=-0.715/126.2576*126.2576
=-0.715

Current CPI (Mar. 2024) = 126.2576.

Mercer International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.224 99.473 0.284
201409 0.407 99.394 0.517
201412 0.203 98.367 0.261
201503 0.802 99.789 1.015
201506 -0.035 100.500 -0.044
201509 0.946 100.421 1.189
201512 -0.031 99.947 -0.039
201603 0.863 101.054 1.078
201606 -0.041 102.002 -0.051
201609 0.425 101.765 0.527
201612 0.235 101.449 0.292
201703 0.689 102.634 0.848
201706 -0.059 103.029 -0.072
201709 0.291 103.345 0.356
201712 0.336 103.345 0.410
201803 0.915 105.004 1.100
201806 0.867 105.557 1.037
201809 -0.245 105.636 -0.293
201812 0.731 105.399 0.876
201903 0.341 106.979 0.402
201906 0.965 107.690 1.131
201909 0.297 107.611 0.348
201912 0.091 107.769 0.107
202003 -1.420 107.927 -1.661
202006 0.646 108.401 0.752
202009 0.210 108.164 0.245
202012 -0.009 108.559 -0.010
202103 0.066 110.298 0.076
202106 0.278 111.720 0.314
202109 0.021 112.905 0.023
202112 -0.022 113.774 -0.024
202203 0.534 117.646 0.573
202206 1.615 120.806 1.688
202209 0.572 120.648 0.599
202212 0.012 120.964 0.013
202303 -1.254 122.702 -1.290
202306 -0.373 124.203 -0.379
202309 -0.944 125.230 -0.952
202312 -0.523 125.072 -0.528
202403 -0.715 126.258 -0.715

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.


Mercer International  (NAS:MERC) 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.


Mercer International Cyclically Adjusted Price-to-FCF Related Terms

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


Mercer International (Mercer International) Business Description

Traded in Other Exchanges
Address
700 West Pender Street, Suite 1120, Vancouver, BC, CAN, V6C 1G8
Mercer International Inc is a forest products company with two reportable operating segments in pulp and solid wood. Pulp segment consists of the manufacture, sale and distribution of pulp, electricity and chemicals. Solid wood segment consists of the manufacture, sale and distribution of lumber, manufactured products wood pallets, electricity, biofuels and wood residuals from sawmills and other facilities located in Germany and the United States. The company has its geographical presence in USA, Germany, China and Other countries. Majority of the revenue is generated from the Pulp segment.
Executives
Janine North director SUITE 1120, 700 WEST PENDER STREET, VANCOUVER A1 V6C 1G8
Alice Laberge director SUITE 1120, 700 WEST PENDER STREET, VANCOUVER A1 V6C 1G8
Torbjoern Loeoef director SUITE 1120-700 WEST PENDER STREET, VANCOUVER A1 V6C1G8
Thomas Kevin Corrick director C/O BOISE CASCADE, L.L.C., 1111 W. JEFFERSON ST., STE 300, BOISE ID 83702-5389
Cynthia Margaret Alekson officer: VP, Controller SUITE 1120, 700 WEST PENDER STREET, VANCOUVER A1 V6C 1G8
Wolfgang Beck officer: Senior VP,Global Product SUITE 1120, 700 WEST PENDER STREET, VANCOUVER A1 V6C 1G8
Carsten Merforth officer: COO, Wood Products SUITE 1120 - 700 WEST PENDER STREET, VANCOUVER A1 V6C 1G8
Rainer Rettig director SUITE 1120, 700 WEST PENDER STREET, VANCOUVER A1 V6C 1G8
Keith Purchase director SUITE 1120, 700 WEST PENDER STREET, VANCOUVER A1 V6C 1G8
Peter R Kellogg 10 percent owner 48 WALL STREET, C/O IAT REINSURANCE CO LTD, NEW YORK NY 10005
Bueno Estrada Juan Carlos officer: Chief Executive Officer & Pres SUITE 1120, 700 WEST PENDER STREET, VANCOUVER A1 V6C 1G8
Guy Arguin officer: Chief Human Resources Officer SUITE 1120 - 700 WEST PENDER STREET, VANCOUVER A1 V6C 1G8
Eric Xavier Heine officer: VP Sales & Marketing NA & Asia 650 WEST GEORGIA STREET, VANCOUVER A1 V6B 4N8
Wolfram Ridder officer: VP of Business Development AM EISENBUHL 7, SELBITZ 2M D-95152
Alan C. Wallace director SUITE 1120, 700 WEST PENDER STREET, VANCOUVER A1 V6C 1G8