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First Majestic Silver (LTS:0QYC) Cyclically Adjusted Price-to-FCF : (As of May. 02, 2024)


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What is First Majestic Silver Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


First Majestic Silver Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Majestic Silver'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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First Majestic Silver Cyclically Adjusted Price-to-FCF Chart

First Majestic Silver Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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First Majestic Silver Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of First Majestic Silver's Cyclically Adjusted Price-to-FCF

For the Silver subindustry, First Majestic Silver'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.


First Majestic Silver's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

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



First Majestic Silver 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.

First Majestic Silver's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, First Majestic Silver's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.026/125.4675*125.4675
=-0.026

Current CPI (Dec. 2023) = 125.4675.

First Majestic Silver Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.060 98.604 -0.076
201406 0.009 99.473 0.011
201409 -0.199 99.394 -0.251
201412 0.155 98.367 0.198
201503 -0.062 99.789 -0.078
201506 0.024 100.500 0.030
201509 -0.027 100.421 -0.034
201512 0.045 99.947 0.056
201603 0.108 101.054 0.134
201606 0.000 102.002 0.000
201609 0.088 101.765 0.108
201612 0.109 101.449 0.135
201703 0.008 102.634 0.010
201706 0.001 103.029 0.001
201709 -0.049 103.345 -0.059
201712 0.002 103.345 0.002
201803 -0.102 105.004 -0.122
201806 -0.141 105.557 -0.168
201809 -0.226 105.636 -0.268
201812 -0.082 105.399 -0.098
201903 0.019 106.979 0.022
201906 -0.073 107.690 -0.085
201909 0.066 107.611 0.077
201912 0.124 107.769 0.144
202003 -0.132 107.927 -0.153
202006 -0.304 108.401 -0.352
202009 0.127 108.164 0.147
202012 0.054 108.559 0.062
202103 -0.205 110.298 -0.233
202106 -0.287 111.720 -0.322
202109 -0.287 112.905 -0.319
202112 0.161 113.774 0.178
202203 -0.276 117.646 -0.294
202206 -0.393 120.806 -0.408
202209 0.048 120.648 0.050
202212 -0.357 120.964 -0.370
202303 -0.270 122.702 -0.276
202306 -0.081 124.203 -0.082
202309 -0.064 125.230 -0.064
202312 -0.026 125.468 -0.026

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.


First Majestic Silver  (LTS:0QYC) 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.


First Majestic Silver Cyclically Adjusted Price-to-FCF Related Terms

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


First Majestic Silver (LTS:0QYC) Business Description

Address
925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2
First Majestic Silver Corp is engaged in the production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. It owns four producing mines, three mines in Mexico consisting of the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine and the Jerritt Canyon Gold Mine in Nevada.

First Majestic Silver (LTS:0QYC) Headlines

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