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Midway Gold (FRA:LXQ) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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

Shiller PE for Stocks: The True Measure of Stock Valuation


Midway Gold Cyclically Adjusted Price-to-FCF Historical Data

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

Midway Gold Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted Price-to-FCF
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Midway Gold Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
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Competitive Comparison of Midway Gold's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Midway Gold'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.


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

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

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



Midway Gold 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.

Midway Gold's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2015 is calculated as:

For example, Midway Gold's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2015 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2015 (Change)*Current CPI (Mar. 2015)
=-0.126/99.6211*99.6211
=-0.126

Current CPI (Mar. 2015) = 99.6211.

Midway Gold Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200506 -0.020 82.062 -0.024
200509 -0.053 83.876 -0.063
200512 -0.044 83.032 -0.053
200603 -0.037 84.298 -0.044
200606 -0.041 85.606 -0.048
200609 -0.473 85.606 -0.550
200612 -0.032 85.142 -0.037
200703 -0.036 86.640 -0.041
200706 -0.041 87.906 -0.046
200709 -0.138 87.964 -0.156
200712 -0.030 88.616 -0.034
200803 -0.035 90.090 -0.039
200806 -0.056 92.320 -0.060
200809 -0.078 92.307 -0.084
200812 0.011 88.697 0.012
200903 -0.010 89.744 -0.011
200906 -0.009 91.003 -0.010
200909 -0.016 91.120 -0.017
200912 0.000 91.111 0.000
201003 -0.010 91.821 -0.011
201006 -0.008 91.962 -0.009
201009 -0.023 92.162 -0.025
201012 -0.014 92.474 -0.015
201103 -0.021 94.283 -0.022
201106 -0.030 95.235 -0.031
201109 -0.022 95.727 -0.023
201112 -0.035 95.213 -0.037
201203 -0.026 96.783 -0.027
201206 -0.027 96.819 -0.028
201209 -0.044 97.633 -0.045
201212 -0.027 96.871 -0.028
201303 -0.022 98.209 -0.022
201306 -0.014 98.518 -0.014
201309 -0.042 98.790 -0.042
201312 -0.018 98.326 -0.018
201403 -0.048 99.695 -0.048
201406 -0.107 100.560 -0.106
201409 -0.088 100.428 -0.087
201412 -0.172 99.070 -0.173
201503 -0.126 99.621 -0.126

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.


Midway Gold  (FRA:LXQ) 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.


Midway Gold Cyclically Adjusted Price-to-FCF Related Terms

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Midway Gold (FRA:LXQ) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Midway Gold Corp is engaged in the acquisition, exploration, and, if warranted, development of gold and silver mineral properties in North America.

Midway Gold (FRA:LXQ) Headlines

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