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Centerra Gold (TSX:CG) Cyclically Adjusted FCF per Share : C$0.96 (As of Mar. 2024)


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What is Centerra Gold 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.

Centerra Gold's adjusted free cash flow per share for the three months ended in Mar. 2024 was C$0.351. 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 C$0.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Centerra Gold's average Cyclically Adjusted FCF Growth Rate was 12.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 18.20% 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 Centerra Gold was 29.40% per year. The lowest was 4.30% per year. And the median was 18.40% per year.

As of today (2024-05-25), Centerra Gold's current stock price is C$9.59. Centerra Gold's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.96. Centerra Gold's Cyclically Adjusted Price-to-FCF of today is 9.99.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Centerra Gold was 35.88. The lowest was 5.83. And the median was 16.21.


Centerra Gold Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Centerra Gold'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.

Centerra Gold Cyclically Adjusted FCF per Share Chart

Centerra Gold 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 0.42 0.74 0.78 0.91 0.94

Centerra Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.85 0.89 1.03 0.94 0.96

Competitive Comparison of Centerra Gold's Cyclically Adjusted FCF per Share

For the Gold subindustry, Centerra Gold'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.


Centerra Gold's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

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



Centerra Gold 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, Centerra Gold'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)
=0.351/126.2576*126.2576
=0.351

Current CPI (Mar. 2024) = 126.2576.

Centerra Gold Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.055 99.473 -0.070
201409 -0.378 99.394 -0.480
201412 0.800 98.367 1.027
201503 0.316 99.789 0.400
201506 0.229 100.500 0.288
201509 -0.150 100.421 -0.189
201512 0.078 99.947 0.099
201603 -0.143 101.054 -0.179
201606 0.065 102.002 0.080
201609 0.452 101.765 0.561
201612 0.418 101.449 0.520
201703 0.016 102.634 0.020
201706 0.298 103.029 0.365
201709 0.261 103.345 0.319
201712 0.427 103.345 0.522
201803 -0.450 105.004 -0.541
201806 -0.036 105.557 -0.043
201809 -0.107 105.636 -0.128
201812 0.301 105.399 0.361
201903 0.260 106.979 0.307
201906 0.138 107.690 0.162
201909 -0.236 107.611 -0.277
201912 -0.002 107.769 -0.002
202003 0.365 107.927 0.427
202006 1.071 108.401 1.247
202009 1.471 108.164 1.717
202012 0.628 108.559 0.730
202103 0.568 110.298 0.650
202106 0.444 111.720 0.502
202109 0.173 112.905 0.193
202112 0.167 113.774 0.185
202203 0.039 117.646 0.042
202206 -0.134 120.806 -0.140
202209 -0.192 120.648 -0.201
202212 -0.156 120.964 -0.163
202303 -0.659 122.702 -0.678
202306 0.064 124.203 0.065
202309 0.893 125.230 0.900
202312 0.688 125.072 0.695
202403 0.351 126.258 0.351

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


Centerra Gold  (TSX:CG) 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.

Centerra Gold's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.59/0.96
=9.99

* 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 Centerra Gold was 35.88. The lowest was 5.83. And the median was 16.21.


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.


Centerra Gold Cyclically Adjusted FCF per Share Related Terms

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


Centerra Gold (TSX:CG) Business Description

Industry
Traded in Other Exchanges
Address
1 University Avenue, Suite 1500, Toronto, ON, CAN, M5J 2P1
Centerra Gold Inc a gold mining and exploration company engaged in the operation, exploration, development, and acquisition of gold properties in Asia, North America, and other markets worldwide. The company manages its reportable operating segments by a combination of geographic location and products. The Kyrgyz Republic segment includes the operations of the Kumtor Gold Project. The Turkish segment represents the development of the OksUt Project. The North America Gold- Copper segment represents the operations of the Mount Milligan Mine. The North America Molybdenum segment includes the operations of the Langeloth processing facility and the care and maintenance activities of the Endako and Thompson Creek Mines.
Executives
Wendy Wai Ting Kei Director