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Mechel PAO (Mechel PAO) Cyclically Adjusted Price-to-FCF : (As of May. 27, 2024)


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What is Mechel PAO Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mechel PAO Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mechel PAO'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.

Mechel PAO Cyclically Adjusted Price-to-FCF Chart

Mechel PAO Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.25 2.11 1.35 1.10 1.17

Mechel PAO Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Jun23
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 0.84 1.45 1.17 - -

Competitive Comparison of Mechel PAO's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Mechel PAO'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.


Mechel PAO's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mechel PAO's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Mechel PAO 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.

Mechel PAO's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Mechel PAO's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=0/238.3000*238.3000
=0.000

Current CPI (Jun. 2023) = 238.3000.

Mechel PAO Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201209 0.192 115.700 0.395
201212 0.124 117.300 0.252
201303 -0.124 119.500 -0.247
201306 -0.199 121.400 -0.391
201309 0.161 122.800 0.312
201312 -0.115 124.900 -0.219
201403 0.026 127.800 0.048
201406 0.215 130.900 0.391
201409 0.133 132.700 0.239
201412 0.436 139.000 0.747
201503 0.093 149.400 0.148
201506 0.391 150.900 0.617
201509 0.171 153.500 0.265
201512 0.029 157.000 0.044
201603 0.141 160.200 0.210
201606 0.195 162.200 0.286
201609 0.230 163.300 0.336
201612 0.360 165.400 0.519
201703 0.280 167.000 0.400
201706 0.313 169.200 0.441
201709 0.263 168.200 0.373
201712 0.310 169.600 0.436
201803 0.272 171.000 0.379
201806 0.269 173.100 0.370
201809 0.326 173.900 0.447
201812 0.211 176.800 0.284
201903 0.199 179.900 0.264
201906 0.179 181.200 0.235
201909 0.220 180.800 0.290
201912 0.211 182.200 0.276
202003 0.177 184.500 0.229
202006 0.101 187.000 0.129
202009 0.053 187.400 0.067
202012 0.107 191.100 0.133
202103 0.158 195.200 0.193
202106 0.195 199.100 0.233
202109 0.160 201.300 0.189
202112 0.418 207.200 0.481
202206 0.000 230.800 0.000
202306 0.000 238.300 0.000

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.


Mechel PAO  (NYSE:MTLp) 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.


Mechel PAO Cyclically Adjusted Price-to-FCF Related Terms

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Mechel PAO (Mechel PAO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mechel PAO (NYSE:MTLp) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
Krasnoarmeyskaya Street 1, Moscow, RUS, 125167
Mechel PAO is a vertically integrated group operating into three industrial segments Mining, Steel and Power. The mining segment produces metallurgical coal (coking coal, PCI and anthracite), steam coal, iron ore and iron ore concentrate, coke and chemical products. The segment consists of its coal, iron ore and coke production facilities in Russia. The steel segment produces and sells semi-finished steel products, long products of a wide range of steel grades, carbon and stainless flat steel products and high value-added metal products, including wire products, stampings and forgings, structural shapes, beams and rails. The power segment sells electricity and capacity to the wholesale market. The majority of the revenue is derived from the Steel segment.