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Canadian National Railway Co (BSP:CNIC34) Cyclically Adjusted Price-to-FCF : 38.69 (As of May. 25, 2024)


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What is Canadian National Railway Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-25), Canadian National Railway Co's current share price is R$27.47. Canadian National Railway Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$0.71. Canadian National Railway Co's Cyclically Adjusted Price-to-FCF for today is 38.69.

The historical rank and industry rank for Canadian National Railway Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:CNIC34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 32.74   Med: 45.78   Max: 57.32
Current: 37.11

During the past years, Canadian National Railway Co's highest Cyclically Adjusted Price-to-FCF was 57.32. The lowest was 32.74. And the median was 45.78.

BSP:CNIC34's Cyclically Adjusted Price-to-FCF is ranked worse than
73.62% of 417 companies
in the Transportation industry
Industry Median: 18.25 vs BSP:CNIC34: 37.11

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.

Canadian National Railway Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.129. 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 R$0.71 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian National Railway Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canadian National Railway Co'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.

Canadian National Railway Co Cyclically Adjusted Price-to-FCF Chart

Canadian National Railway Co 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 43.97 46.99 44.09 38.95 36.14

Canadian National Railway Co 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 37.40 36.57 33.18 36.14 38.16

Competitive Comparison of Canadian National Railway Co's Cyclically Adjusted Price-to-FCF

For the Railroads subindustry, Canadian National Railway Co'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.


Canadian National Railway Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canadian National Railway Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Canadian National Railway Co's Cyclically Adjusted Price-to-FCF falls into.



Canadian National Railway Co 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.

Canadian National Railway Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=27.47/0.71
=38.69

* 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.

Canadian National Railway Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Canadian National Railway Co'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)
=0.129/126.2576*126.2576
=0.129

Current CPI (Mar. 2024) = 126.2576.

Canadian National Railway Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.082 99.473 0.104
201409 0.076 99.394 0.097
201412 0.022 98.367 0.028
201503 0.067 99.789 0.085
201506 0.071 100.500 0.089
201509 0.109 100.421 0.137
201512 0.096 99.947 0.121
201603 0.088 101.054 0.110
201606 0.085 102.002 0.105
201609 0.080 101.765 0.099
201612 0.097 101.449 0.121
201703 0.110 102.634 0.135
201706 0.113 103.029 0.138
201709 0.096 103.345 0.117
201712 0.068 103.345 0.083
201803 0.047 105.004 0.057
201806 0.136 105.557 0.163
201809 0.100 105.636 0.120
201812 0.108 105.399 0.129
201903 0.048 106.979 0.057
201906 0.089 107.690 0.104
201909 0.131 107.611 0.154
201912 0.090 107.769 0.105
202003 0.118 107.927 0.138
202006 0.234 108.401 0.273
202009 0.126 108.164 0.147
202012 0.271 108.559 0.315
202103 0.142 110.298 0.163
202106 0.180 111.720 0.203
202109 0.396 112.905 0.443
202112 0.305 113.774 0.338
202203 0.045 117.646 0.048
202206 0.239 120.806 0.250
202209 0.327 120.648 0.342
202212 0.321 120.964 0.335
202303 0.141 122.702 0.145
202306 0.255 124.203 0.259
202309 0.138 125.230 0.139
202312 0.347 125.072 0.350
202403 0.129 126.258 0.129

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.


Canadian National Railway Co  (BSP:CNIC34) 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.


Canadian National Railway Co Cyclically Adjusted Price-to-FCF Related Terms

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Canadian National Railway Co (BSP:CNIC34) Business Description

Traded in Other Exchanges
Address
935 de La Gauchetiere Street West, Montreal, QC, CAN, H3B 2M9
Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2022, CN generated roughly CAD 17.1 billion in revenue by hauling intermodal containers (29% of consolidated revenue), petroleum and chemicals (19%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (5%), and coal (5%). Other items constitute the remaining revenue.

Canadian National Railway Co (BSP:CNIC34) Headlines

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