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DRDGold (DRDGold) Cyclically Adjusted Price-to-FCF : 25.24 (As of Apr. 27, 2024)


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What is DRDGold Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), DRDGold's current share price is $8.33. DRDGold's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was $0.33. DRDGold's Cyclically Adjusted Price-to-FCF for today is 25.24.

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

DRD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.94   Med: 27.18   Max: 109.78
Current: 25.01

During the past 13 years, DRDGold's highest Cyclically Adjusted Price-to-FCF was 109.78. The lowest was 14.94. And the median was 27.18.

DRD's Cyclically Adjusted Price-to-FCF is ranked worse than
54.62% of 249 companies
in the Metals & Mining industry
Industry Median: 20.53 vs DRD: 25.01

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.

DRDGold's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was $0.315. 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 $0.33 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


DRDGold Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for DRDGold'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.

DRDGold Cyclically Adjusted Price-to-FCF Chart

DRDGold Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.86 65.19 26.28 16.85 32.12

DRDGold Semi-Annual Data
Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 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 18.86 65.19 26.28 16.85 32.12

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

For the Gold subindustry, DRDGold'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.


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

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

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



DRDGold 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.33/0.33
=25.24

* 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.

DRDGold's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, DRDGold's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.315/148.8016*148.8016
=0.315

Current CPI (Jun23) = 148.8016.

DRDGold Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.192 95.813 -0.298
201506 0.402 100.173 0.597
201606 0.498 106.713 0.694
201706 -0.108 112.054 -0.143
201806 0.192 116.959 0.244
201906 -0.058 122.191 -0.071
202006 0.706 124.807 0.842
202106 0.983 131.113 1.116
202206 0.671 140.835 0.709
202306 0.315 148.802 0.315

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.


DRDGold  (NYSE:DRD) 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.


DRDGold Cyclically Adjusted Price-to-FCF Related Terms

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


DRDGold (DRDGold) Business Description

Industry
Traded in Other Exchanges
Address
Cnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, ZAF, 1709
DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. It has two operating segments: the Ergo which is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central the business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the revenue.

DRDGold (DRDGold) Headlines

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