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MAIN (Main Street Capital) Cyclically Adjusted Price-to-FCF : (As of Oct. 09, 2024)


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What is Main Street Capital Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Main Street Capital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Main Street Capital'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.

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Main Street Capital Cyclically Adjusted Price-to-FCF Chart

Main Street Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Main Street Capital Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Main Street Capital's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Main Street Capital'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.


Main Street Capital's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Main Street Capital's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Main Street Capital 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.

Main Street Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Main Street Capital's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-2.163/132.5538*132.5538
=-2.163

Current CPI (Jun. 2024) = 132.5538.

Main Street Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -0.452 100.428 -0.597
201412 -0.759 99.070 -1.016
201503 -2.010 99.621 -2.674
201506 -0.133 100.684 -0.175
201509 -2.083 100.392 -2.750
201512 1.435 99.792 1.906
201603 -0.075 100.470 -0.099
201606 -0.614 101.688 -0.800
201609 0.852 101.861 1.109
201612 -0.976 101.863 -1.270
201703 1.012 102.862 1.304
201706 -0.714 103.349 -0.916
201709 -1.167 104.136 -1.485
201712 2.123 104.011 2.706
201803 -2.432 105.290 -3.062
201806 0.158 106.317 0.197
201809 0.499 106.507 0.621
201812 -0.093 105.998 -0.116
201903 -0.397 107.251 -0.491
201906 0.590 108.070 0.724
201909 -0.168 108.329 -0.206
201912 -0.560 108.420 -0.685
202003 0.951 108.902 1.158
202006 -0.332 108.767 -0.405
202009 -1.028 109.815 -1.241
202012 -0.386 109.897 -0.466
202103 -0.366 111.754 -0.434
202106 -1.215 114.631 -1.405
202109 -0.732 115.734 -0.838
202112 -5.083 117.630 -5.728
202203 -0.693 121.301 -0.757
202206 0.140 125.017 0.148
202209 -2.904 125.227 -3.074
202212 0.134 125.222 0.142
202303 0.251 127.348 0.261
202306 0.343 128.729 0.353
202309 1.013 129.860 1.034
202312 1.819 129.419 1.863
202403 -1.387 131.776 -1.395
202406 -2.163 132.554 -2.163

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.


Main Street Capital  (NYSE:MAIN) 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.


Main Street Capital Cyclically Adjusted Price-to-FCF Related Terms

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


Main Street Capital Business Description

Traded in Other Exchanges
Address
1300 Post Oak Boulevard, 8th Floor, Houston, TX, USA, 77056
Main Street Capital Corp is an investment firm engaged in providing customized debt and equity financing to lower middle market companies and debt capital to middle market companies. The investment portfolio of the company is typically made to support management buyouts, recapitalizations, growth financings, refinancing's, and acquisitions of companies that operate in diverse industry sectors. The group invests in secured debt investments, equity investments, warrants, and other securities of the lower middle market and middle market companies based in the United States. Business functioned through the U.S. region and it derives the majority of its income from the source of fees, commission, and interest.
Executives
Nicholas Meserve officer: Managing Director 1300 POST OAK BLVD., STE 800, HOUSTON TX 77056
Jason B Beauvais officer: VP, General Counsel, Secretary 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
John Earl Jackson director 12001 NORTH HOUSTON ROSSLYN, HOUSTON TX 77086
Ryan Robert Nelson officer: VP, CAO, Assistant Treasurer 2445 TECHNOLOGY FOREST BLVD., STE 800, THE WOODLANDS TX 77381
Dwayne L. Hyzak officer: Senior Vice President 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
David L. Magdol officer: Senior Vice President 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Vincent D Foster director, officer: Chief Executive Officer QUANTA SERVICES, INC., 2727 NORTH LOOP WEST, HOUSTON TX 77008
Lance A Parker officer: VP, CHIEF ACCOUNTING OFFICER 800 GESSNER, SUITE 500, HOUSTON TX 77024
Dunia A Shive director 14221 N DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Beverly Kay Matthews director C/O COHERENT, INC., 5100 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Jesse E Morris officer: EVP , CFO AND COO 2800 POST OAK BLVD., STE. 2600, HOUSTON TX 77056
Arthur L. French director 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Brent D. Smith officer: SVP - Finance 2500 CITYWEST BOULEVARD, SUITE 2200, HOUSTON TX 77042
Rodger A. Stout officer: CAO, CCO & Secretary 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Valerie Lebeaux Banner director 35 BROAD OAKS ESTATES LANE, HOUSTON TX 77056