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Canfor (FRA:NKC) Cyclically Adjusted Price-to-FCF : (As of May. 03, 2024)


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What is Canfor Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Canfor Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canfor'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.

Canfor Cyclically Adjusted Price-to-FCF Chart

Canfor 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 13.14 16.06 11.30 6.12 5.91

Canfor 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 6.64 7.53 5.28 5.91 -

Competitive Comparison of Canfor's Cyclically Adjusted Price-to-FCF

For the Lumber & Wood Production subindustry, Canfor'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.


Canfor's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Canfor's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Canfor 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.

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

For example, Canfor'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)
=-1.054/125.4675*125.4675
=-1.054

Current CPI (Mar. 2024) = 125.4675.

Canfor Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.703 99.473 0.887
201409 0.292 99.394 0.369
201412 0.288 98.367 0.367
201503 -0.067 99.789 -0.084
201506 0.415 100.500 0.518
201509 -0.006 100.421 -0.007
201512 -0.246 99.947 -0.309
201603 0.019 101.054 0.024
201606 0.817 102.002 1.005
201609 0.468 101.765 0.577
201612 0.522 101.449 0.646
201703 0.178 102.634 0.218
201706 0.967 103.029 1.178
201709 0.363 103.345 0.441
201712 0.321 103.345 0.390
201803 0.077 105.004 0.092
201806 1.431 105.557 1.701
201809 0.432 105.636 0.513
201812 -1.284 105.399 -1.528
201903 -1.183 106.979 -1.387
201906 0.654 107.690 0.762
201909 -0.320 107.611 -0.373
201912 0.312 107.769 0.363
202003 -0.310 107.927 -0.360
202006 1.393 108.401 1.612
202009 2.048 108.164 2.376
202012 1.364 108.559 1.576
202103 1.305 110.298 1.484
202106 5.587 111.720 6.275
202109 1.570 112.905 1.745
202112 -0.442 113.774 -0.487
202203 1.201 117.646 1.281
202206 3.370 120.806 3.500
202209 0.282 120.648 0.293
202212 -1.882 120.964 -1.952
202303 -1.726 122.702 -1.765
202306 0.239 124.203 0.241
202309 0.073 125.230 0.073
202312 -1.035 125.468 -1.035
202403 -1.054 125.468 -1.054

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.


Canfor  (FRA:NKC) 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.


Canfor Cyclically Adjusted Price-to-FCF Related Terms

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


Canfor (FRA:NKC) Business Description

Industry
Traded in Other Exchanges
Address
100-1700 West 75th Avenue, Vancouver, BC, CAN, V6P 6G2
Canfor is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America and Europe, with lumber mills in British Columbia, Alberta, the Southeastern United States, and Sweden. It has two reportable segments: lumber and pulp and paper. The lumber segment includes Canfor's sawmilling and remanufacturing operations and the pulp and paper segment includes the kraft pulp, kraft paper, and bleached chemi-thermomechanical pulp businesses of Canfor Pulp.

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