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Cytec Industries (Cytec Industries) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


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What is Cytec Industries Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cytec Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cytec Industries'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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Cytec Industries Cyclically Adjusted Price-to-FCF Chart

Cytec Industries Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted Price-to-FCF
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Cytec Industries Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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Competitive Comparison of Cytec Industries's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Cytec Industries'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.


Cytec Industries's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

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

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



Cytec Industries 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.

Cytec Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2015 is calculated as:

For example, Cytec Industries's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2015 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=0.755/100.3915*100.3915
=0.755

Current CPI (Sep. 2015) = 100.3915.

Cytec Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200512 0.326 83.032 0.394
200603 0.048 84.298 0.057
200606 0.510 85.606 0.598
200609 0.466 85.606 0.546
200612 -0.005 85.142 -0.006
200703 0.095 86.640 0.110
200706 0.426 87.906 0.487
200709 0.782 87.964 0.892
200712 0.267 88.616 0.302
200803 0.118 90.090 0.131
200806 0.006 92.320 0.007
200809 0.435 92.307 0.473
200812 -0.201 88.697 -0.228
200903 -0.012 89.744 -0.013
200906 1.196 91.003 1.319
200909 1.257 91.120 1.385
200912 1.566 91.111 1.726
201003 0.103 91.821 0.113
201006 0.617 91.962 0.674
201009 0.343 92.162 0.374
201012 0.911 92.474 0.989
201103 0.001 94.283 0.001
201106 0.060 95.235 0.063
201109 0.339 95.727 0.356
201112 0.997 95.213 1.051
201203 0.135 96.783 0.140
201206 0.179 96.819 0.186
201209 0.767 97.633 0.789
201212 0.719 96.871 0.745
201303 -1.092 98.209 -1.116
201306 -1.159 98.518 -1.181
201309 -0.745 98.790 -0.757
201312 -0.307 98.326 -0.313
201403 -0.034 99.695 -0.034
201406 -0.188 100.560 -0.188
201409 0.244 100.428 0.244
201412 0.560 99.070 0.567
201503 -0.273 99.621 -0.275
201506 0.334 100.684 0.333
201509 0.755 100.392 0.755

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.


Cytec Industries  (NYSE:CYT) 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.


Cytec Industries Cyclically Adjusted Price-to-FCF Related Terms

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


Cytec Industries (Cytec Industries) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Cytec Industries Inc was incorporated as an independent public company in Delaware in December 1993. It is a specialty materials and chemicals company. Its products serve a diverse range of end markets including aerospace and industrial materials, mining and plastics. Its segments include Aerospace Materials, Industrial Materials, In Process Separation, and Additive Technologies. Its Aerospace Materials segment is a provider of technologically advanced materials for aerospace markets. Its product lines are Advanced composites, Structural and film adhesives, and Carbon fibers. It markets Aerospace Materials products and services directly to its customers using sales and technical support team. It is a supplier for military fixed wing programs, such as the F-35 Joint Strike Fighter and F-18 fighter jet programs, where advanced composites generally account for a higher percentage of structural weight. Advanced composites are exceptionally strong and lightweight materials (prepregs and resin infusion systems) it manufactures from high performance fibers (like carbon fiber) with epoxy, bismaleimide, phenolic, polyimide and other resins formulated or purchased by the Company. Structural and film adhesives are used for bonding and surfacing both metal and composite aircraft components. It also manufactures specialty adhesive forms for complex composites assemblies, such as honeycomb and sandwich structures and special surfacing films to provide aircraft lightning strike protection. It began construction on a new standard modulus carbon fiber line in South Carolina in early 2008. Its Industrial Materials segment provides Structural materials and Process materials. In Industrial Materials, it markets its products through a direct sales force for the structural materials and process materials product lines. Structural materials product line includes the development, manufacturing and supply of advanced composite materials for a diverse range of industries such as motorsports, automotive, defense, rail, tooling, recreation, alternative energy and other markets. Process materials product line includes the development, manufacture, and supply of vacuum bagging and other process materials to the composites industry and other markets, providing a wide range of materials and technical support to a growing number of international customers. Its In Process Separation segment provides Mining chemicals, and Phosphines. It markets In Process Separation chemicals through specialized sales and technical service staffs for each of its product lines. Mining chemicals product line is primarily used in applications to separate desired minerals from host ores. Phosphine specialties are utilized for a variety of applications. Its Additive Technologies segment provides Polymer additives, Specialty additives, and Formulated resins. It markets Additive Technologies chemicals through specialized sales and technical service staffs for each of its product lines. I
Executives
Carol P Lowe director 4311 BEULAH CHURCH ROAD, WEDDINGTON NC 28104
Barry C Johnson director C/O CYTEC INDUSTRIES INC, 5 GARRET MOUNTAIN PLAZA, WEST PATERSON NJ 07424
David P Hess director 390 PARK AVENUE, NEW YORK NY 10022
Anthony G Fernandes director 9700 HIGGINS ROAD, SUITE 750, ROSEMONT IL 60018
Thomas W Rabaut director C/O CYTEC INDUSTRIES INC, 5 GARRET MOUNTAIN PLAZA, WEST PATERSON NJ 07424
William P Powell director C/O CYTEC INDUSTRIES INC, 5 GARRET MOUNTAIN PLAZA, WEST PATERSON NJ 07424
David Lilley director
Assche Benoit Van officer: President, CSS 10-1 BLANCHARDSTOWN CORPORATE PARK, BALLYCOOLIN, DUBLIN L2 15