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Koppers Holdings (Koppers Holdings) Cyclically Adjusted FCF per Share : $1.41 (As of Dec. 2023)


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What is Koppers Holdings 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.

Koppers Holdings's adjusted free cash flow per share for the three months ended in Dec. 2023 was $1.738. 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 $1.41 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Koppers Holdings's average Cyclically Adjusted FCF Growth Rate was -7.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -10.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -9.20% 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 Koppers Holdings was 10.50% per year. The lowest was -10.40% per year. And the median was -6.50% per year.

As of today (2024-04-30), Koppers Holdings's current stock price is $53.01. Koppers Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.41. Koppers Holdings's Cyclically Adjusted Price-to-FCF of today is 37.60.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Koppers Holdings was 39.76. The lowest was 4.41. And the median was 15.90.


Koppers Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Koppers Holdings'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.

Koppers Holdings Cyclically Adjusted FCF per Share Chart

Koppers Holdings 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 2.10 1.96 1.74 1.53 1.41

Koppers Holdings 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 1.53 1.35 1.25 1.30 1.41

Competitive Comparison of Koppers Holdings's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, Koppers Holdings'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.


Koppers Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Koppers Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Koppers Holdings 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, Koppers Holdings'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)
=1.738/129.4194*129.4194
=1.738

Current CPI (Dec. 2023) = 129.4194.

Koppers Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.384 99.695 -1.797
201406 -0.768 100.560 -0.988
201409 -0.190 100.428 -0.245
201412 -0.005 99.070 -0.007
201503 0.619 99.621 0.804
201506 2.330 100.684 2.995
201509 0.383 100.392 0.494
201512 0.890 99.792 1.154
201603 -0.296 100.470 -0.381
201606 0.912 101.688 1.161
201609 1.763 101.861 2.240
201612 0.906 101.863 1.151
201703 -1.793 102.862 -2.256
201706 1.650 103.349 2.066
201709 0.128 104.136 0.159
201712 1.548 104.011 1.926
201803 -2.324 105.290 -2.857
201806 0.045 106.317 0.055
201809 -1.055 106.507 -1.282
201812 2.048 105.998 2.501
201903 -1.212 107.251 -1.463
201906 0.390 108.070 0.467
201909 2.249 108.329 2.687
201912 2.223 108.420 2.654
202003 -1.304 108.902 -1.550
202006 1.115 108.767 1.327
202009 1.216 109.815 1.433
202012 1.632 109.897 1.922
202103 -1.442 111.754 -1.670
202106 0.310 114.631 0.350
202109 -0.146 115.734 -0.163
202112 0.275 117.630 0.303
202203 -1.577 121.301 -1.683
202206 -0.019 125.017 -0.020
202209 1.043 125.227 1.078
202212 0.452 125.222 0.467
202303 -2.137 127.348 -2.172
202306 -0.890 128.729 -0.895
202309 2.442 129.860 2.434
202312 1.738 129.419 1.738

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


Koppers Holdings  (NYSE:KOP) 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.

Koppers Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=53.01/1.41
=37.60

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Koppers Holdings was 39.76. The lowest was 4.41. And the median was 15.90.


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.


Koppers Holdings Cyclically Adjusted FCF per Share Related Terms

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


Koppers Holdings (Koppers Holdings) Business Description

Industry
Traded in Other Exchanges
Address
436 Seventh Avenue, Pittsburgh, PA, USA, 15219
Koppers Holdings, through its subsidiaries, manufactures and sells wood products, wood treatment chemicals, and carbon compounds used in markets such as railroad, aluminum and steel, agriculture, utilities, and residential lumber. The company is organized into three business segments: railroad and utility products and services, performance chemicals, and carbon materials and chemicals. Its product portfolio includes treated and untreated wood products like crossties used in railroads, wood preservation chemicals, and carbon compounds such as creosote used in the treatment of wood crossties, among others. Most revenue comes from the company's railroad and utility products and services segment, and more than half of the company's revenue is earned in the United States.
Executives
M Leroy Ball officer: VP and Chief Financial Officer 436 SEVENTH AVENUE, PITTSBURGH PA 15219
Bradley A Pearce officer: Chief Accounting Officer 436 SEVENTH AVENUE, PITTSBURGH PA 15219
Joseph P Dowd officer: VP North American CM&C 436 SEVENTH AVENUE, SUITE 1550, PITTSBURGH PA 15219
James A. Sullivan officer: SVP Global CM&C 400 CALGON CARBON DRIVE, PITTSBURGH PA 15205
Leslie S Hyde officer: VP Sfty Env.Aff.Koppers Inc. C/O KOPPERS INC, 436 SEVENTH AVENUE, SUITE 1550, PITTSBURG PA 15219
Daniel J Skrovanek officer: VP, Growth & Innovation 436 SEVENTH AVENUE, PITTSBURGH PA 15219
Traci L Jensen director 1200 WILLOW LAKE BOULEVARD, P.O. BOX 64683, ST. PAUL MN 55164-0683
Andrew D Sandifer director FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Kevin Washington officer: VP, External Affairs 436 SEVENTH AVENUE, PITTSBURGH PA 15219
Xudong Feng director 436 SEVENTH AVENUE, SUITE 1550, PITTSBURGH PA 15219
Albert J Neupaver director
Stephen R Tritch director 4171 ESSEN LANE, BATON ROUGE LA 70809
David L Motley director 517 AVONWORTH HEIGHTS DRIVE, PITTSBURGH PA 151237
Sonja Michelle Wilkerson director
Louis L Testoni director 436 SEVENTH AVENUE, SUITE 1550, PITTSBURGH PA 15219