What is Empire Resources Cyclically Adjusted Price-to-FCF?
Shiller PE for Stocks: The True Measure of Stock Valuation
Empire Resources Cyclically Adjusted Price-to-FCF Historical Data
The historical data trend for Empire Resources'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.
Competitive Comparison of Empire Resources's Cyclically Adjusted Price-to-FCF
For the Industrial Distribution subindustry, Empire Resources'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.
Empire Resources's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Empire Resources's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Empire Resources's Cyclically Adjusted Price-to-FCF falls into.
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.
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.
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.
Empire Resources Cyclically Adjusted Price-to-FCF Related Terms
Thank you for viewing the detailed overview of Empire Resources's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Empire Resources (Empire Resources) Business Description
Empire Resources Inc was incorporated in the State of Delaware in 1990 under the name Integrated Technology USA, Inc. On September 17, 1999, the Company merged with Empire Resources, Inc. a distributor of value added, semi-finished aluminum products. Since the merger, the Company has continued the business of Empire under the name of Empire Resources, Inc. The Company is engaged in the purchase, sale and distribution of semi-finished aluminum and steel products to customer base located in the Americas, Europe, Australia and New Zealand. The Company sells its products through its own marketing and sales personnel and its independent sales agents who are located in North America and in Europe. The Company's semi-finished aluminum and steel products which are produced by processing aluminum or steel and/or aluminum scrap. A product is considered 'semi-finished' if it has not yet been converted into a final end product. Semi-finished aluminum products include aluminum sheet, coil, plate and foil, rod, bar and wire, extruded and cast products. The Company provides many of these forms of semi-finished aluminum products to its customers. The Company sells its products mainly through its own marketing and sales personnel. In addition, it sells less than 10% of its products through independent sales agents. The Company serves more than 300 customers in industries, such as distribution, transportation, automobile, housing, appliances and packaging. Its competitors include aluminum producers and rolling mills. Its competitors include: Alcoa Inc. and Aleris Rolled Products, Inc. The Company is subject to governmental regulations governing imports, in particular regulations governing the imposition of tariffs and antidumping and other duties.
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