GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Income Fund (OTCPK:NNDIF) » Definitions » Cyclically Adjusted FCF per Share

Norandaome Fund (Norandaome Fund) Cyclically Adjusted FCF per Share : $0.00 (As of Sep. 2022)


View and export this data going back to 2010. Start your Free Trial

What is Norandaome Fund 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.

Norandaome Fund's adjusted free cash flow per share for the three months ended in Sep. 2022 was $0.185. 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 $0.00 for the trailing ten years ended in Sep. 2022.

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.

As of today (2024-06-09), Norandaome Fund's current stock price is $1.42. Norandaome Fund's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2022 was $0.00. Norandaome Fund's Cyclically Adjusted Price-to-FCF of today is .


Norandaome Fund Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Norandaome Fund'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.

Norandaome Fund Cyclically Adjusted FCF per Share Chart

Norandaome Fund Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Norandaome Fund Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 - - - - -

Competitive Comparison of Norandaome Fund's Cyclically Adjusted FCF per Share

For the Other Industrial Metals & Mining subindustry, Norandaome Fund'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.


Norandaome Fund's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Norandaome Fund's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Norandaome Fund 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, Norandaome Fund's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2022 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2022 (Change)*Current CPI (Sep. 2022)
=0.185/120.6479*120.6479
=0.185

Current CPI (Sep. 2022) = 120.6479.

Norandaome Fund Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 -0.569 95.760 -0.717
201303 -0.201 97.103 -0.250
201306 0.812 97.182 1.008
201309 0.350 97.419 0.433
201312 0.106 96.945 0.132
201403 -0.388 98.604 -0.475
201406 0.027 99.473 0.033
201409 -0.500 99.394 -0.607
201412 0.134 98.367 0.164
201503 -0.521 99.789 -0.630
201506 -0.083 100.500 -0.100
201509 -0.144 100.421 -0.173
201512 0.514 99.947 0.620
201603 1.005 101.054 1.200
201606 -0.362 102.002 -0.428
201609 -0.524 101.765 -0.621
201612 0.257 101.449 0.306
201703 -1.005 102.634 -1.181
201706 0.995 103.029 1.165
201709 -0.893 103.345 -1.043
201712 -0.299 103.345 -0.349
201803 -0.211 105.004 -0.242
201806 -0.152 105.557 -0.174
201809 0.444 105.636 0.507
201812 -0.622 105.399 -0.712
201903 0.052 106.979 0.059
201906 0.065 107.690 0.073
201909 0.313 107.611 0.351
201912 -0.487 107.769 -0.545
202003 0.026 107.927 0.029
202006 -0.431 108.401 -0.480
202009 -0.146 108.164 -0.163
202012 -0.042 108.559 -0.047
202103 -0.049 110.298 -0.054
202106 -0.320 111.720 -0.346
202109 0.331 112.905 0.354
202112 -0.168 113.774 -0.178
202203 -0.095 117.646 -0.097
202206 -0.120 120.806 -0.120
202209 0.185 120.648 0.185

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


Norandaome Fund  (OTCPK:NNDIF) 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.


Norandaome Fund Cyclically Adjusted FCF per Share Related Terms

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


Norandaome Fund (Norandaome Fund) Business Description

Traded in Other Exchanges
N/A
Address
100 King Street West, First Canadian Place, Suite 6900, P.O. Box 403, Toronto, ON, CAN, M5X 1E3
Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.

Norandaome Fund (Norandaome Fund) Headlines

From GuruFocus

Noranda Income Fund Annual General Meeting Voting Results

By GlobeNewswire GlobeNewswire 06-16-2021

Noranda Income Fund Achieves 2020 Zinc Production Guidance

By GlobeNewswire GlobeNewswire 01-08-2021

Noranda Income Fund Annual General Meeting Voting Results

By GlobeNewswire GlobeNewswire 06-19-2020

Noranda Income Fund Annual General Meeting Voting Results

By GlobeNewswire GlobeNewswire 06-16-2022

Noranda Income Fund Announces Class Action Settlement Agreement

By GlobeNewswire GlobeNewswire 08-19-2020

Noranda Income Fund Reports Third Quarter 2019 Financial Results

By GlobeNewswire GlobeNewswire 11-08-2019

Noranda Income Fund Announces Third Quarter 2022 Results

By GlobeNewswire GlobeNewswire 11-15-2022