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Gold Reserve (STU:GODA) Cyclically Adjusted Price-to-FCF : (As of May. 25, 2024)


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What is Gold Reserve Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gold Reserve Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gold Reserve'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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Gold Reserve Cyclically Adjusted Price-to-FCF Chart

Gold Reserve Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Gold Reserve 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 Gold Reserve's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Gold Reserve'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.


Gold Reserve's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

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



Gold Reserve 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.

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

For example, Gold Reserve'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)
=-0.02/129.4194*129.4194
=-0.020

Current CPI (Dec. 2023) = 129.4194.

Gold Reserve Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.014 99.695 -0.018
201406 -0.026 100.560 -0.033
201409 -0.019 100.428 -0.024
201412 -0.016 99.070 -0.021
201503 -0.019 99.621 -0.025
201506 -0.017 100.684 -0.022
201509 -0.017 100.392 -0.022
201512 -0.053 99.792 -0.069
201603 -0.033 100.470 -0.043
201606 -0.024 101.688 -0.031
201609 -0.028 101.861 -0.036
201612 -0.036 101.863 -0.046
201703 -0.022 102.862 -0.028
201706 -0.013 103.349 -0.016
201709 -0.322 104.136 -0.400
201712 -0.058 104.011 -0.072
201803 -0.041 105.290 -0.050
201806 -0.131 106.317 -0.159
201809 -0.045 106.507 -0.055
201812 -0.342 105.998 -0.418
201903 -0.011 107.251 -0.013
201906 -0.026 108.070 -0.031
201909 -0.027 108.329 -0.032
201912 -0.028 108.420 -0.033
202003 0.017 108.902 0.020
202006 -0.026 108.767 -0.031
202009 -0.017 109.815 -0.020
202012 -0.013 109.897 -0.015
202103 -0.013 111.754 -0.015
202106 -0.023 114.631 -0.026
202109 -0.014 115.734 -0.016
202112 -0.024 117.630 -0.026
202203 -0.010 121.301 -0.011
202206 -0.019 125.017 -0.020
202209 -0.011 125.227 -0.011
202212 -0.020 125.222 -0.021
202303 -0.017 127.348 -0.017
202306 -0.020 128.729 -0.020
202309 -0.011 129.860 -0.011
202312 -0.020 129.419 -0.020

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.


Gold Reserve  (STU:GODA) 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.


Gold Reserve Cyclically Adjusted Price-to-FCF Related Terms

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Gold Reserve (STU:GODA) Business Description

Traded in Other Exchanges
Address
999 West Riverside Avenue, Suite 401, Spokane, WA, USA, 99201
Gold Reserve Inc, along with its subsidiaries, is engaged in the business of acquiring, exploring, and developing mining projects. Its primary business activities have been the collection of the remaining amounts owed to the company by Venezuela and, the advancement of the Siembra Minera Project. . Siembra Minera project was granted certain gold, copper, silver, and other strategic mineral rights.

Gold Reserve (STU:GODA) Headlines

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