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Outokumpu Oyj (OHEL:OUT1V) Cyclically Adjusted Price-to-FCF : 6.21 (As of May. 20, 2024)


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What is Outokumpu Oyj Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Outokumpu Oyj's current share price is €3.849. Outokumpu Oyj's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.62. Outokumpu Oyj's Cyclically Adjusted Price-to-FCF for today is 6.21.

The historical rank and industry rank for Outokumpu Oyj's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

OHEL:OUT1V' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.76   Med: 9.69   Max: 45.02
Current: 6.11

During the past years, Outokumpu Oyj's highest Cyclically Adjusted Price-to-FCF was 45.02. The lowest was 4.76. And the median was 9.69.

OHEL:OUT1V's Cyclically Adjusted Price-to-FCF is ranked better than
83.65% of 263 companies
in the Steel industry
Industry Median: 13.73 vs OHEL:OUT1V: 6.11

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Outokumpu Oyj's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.089. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €0.62 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Outokumpu Oyj Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Outokumpu Oyj'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.

Outokumpu Oyj Cyclically Adjusted Price-to-FCF Chart

Outokumpu Oyj 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 - 6.20 21.91 12.45 7.49

Outokumpu Oyj 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 9.78 7.70 6.25 7.49 6.46

Competitive Comparison of Outokumpu Oyj's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Outokumpu Oyj'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.


Outokumpu Oyj's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

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

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



Outokumpu Oyj 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.

Outokumpu Oyj's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.849/0.62
=6.21

* 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.

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

For example, Outokumpu Oyj'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)
=0.089/122.3600*122.3600
=0.089

Current CPI (Mar. 2024) = 122.3600.

Outokumpu Oyj Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.710 100.147 -0.867
201409 0.007 100.726 0.009
201412 0.196 100.229 0.239
201503 -0.219 100.120 -0.268
201506 -0.183 100.030 -0.224
201509 0.078 100.130 0.095
201512 -0.066 99.990 -0.081
201603 0.083 100.080 0.101
201606 0.135 100.390 0.165
201609 0.081 100.540 0.099
201612 0.343 101.020 0.415
201703 -0.226 100.910 -0.274
201706 0.275 101.140 0.333
201709 0.220 101.320 0.266
201712 0.111 101.510 0.134
201803 0.007 101.730 0.008
201806 0.019 102.320 0.023
201809 0.147 102.600 0.175
201812 -0.111 102.710 -0.132
201903 0.090 102.870 0.107
201906 0.430 103.360 0.509
201909 0.027 103.540 0.032
201912 0.381 103.650 0.450
202003 -0.073 103.490 -0.086
202006 0.175 103.320 0.207
202009 0.411 103.710 0.485
202012 0.271 103.890 0.319
202103 0.063 104.870 0.074
202106 0.013 105.360 0.015
202109 0.366 106.290 0.421
202112 0.797 107.490 0.907
202203 0.299 110.950 0.330
202206 0.211 113.570 0.227
202209 0.491 114.920 0.523
202212 0.643 117.320 0.671
202303 0.158 119.750 0.161
202306 0.053 120.690 0.054
202309 -0.025 121.280 -0.025
202312 0.545 121.540 0.549
202403 0.089 122.360 0.089

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.


Outokumpu Oyj  (OHEL:OUT1V) 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.


Outokumpu Oyj Cyclically Adjusted Price-to-FCF Related Terms

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


Outokumpu Oyj (OHEL:OUT1V) Business Description

Industry
Traded in Other Exchanges
Address
Salmisaarenranta 11, Helsinki, FIN, FI-00180
Outokumpu Oyj is a steel and alloys maker. Its business is divided into four business areas which are Europe, Americas, Long Products and Ferrochrome. Europe consists of both coil and plate operations in Europe. The high-volume and tailored standard stainless-steel grades are primarily used for example in architecture, building and construction, chemical, petrochemical and energy sectors, as well as other process industries. Americas produces standard austenitic and ferritic grades as well as tailored products. Long Products are used in a wide range of applications such as springs, wires, and surgical equipment and Ferrochrome produces charge grade of ferrochrome.

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