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Newmont (BUE:NEM) Cyclically Adjusted FCF per Share : ARS877.62 (As of Mar. 2024)


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What is Newmont Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Newmont's adjusted free cash flow per share for the three months ended in Mar. 2024 was ARS-54.072. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ARS877.62 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Newmont's average Cyclically Adjusted FCF Growth Rate was 6.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 16.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 28.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Newmont was 94.50% per year. The lowest was -38.50% per year. And the median was 10.40% per year.

As of today (2024-05-01), Newmont's current stock price is ARS14747.00. Newmont's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ARS877.62. Newmont's Cyclically Adjusted Price-to-FCF of today is 16.80.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Newmont was 154.88. The lowest was 12.66. And the median was 37.80.


Newmont Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Newmont's Cyclically Adjusted FCF per Share 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.

Newmont Cyclically Adjusted FCF per Share Chart

Newmont Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 98.18 74.13 120.63 252.88 806.91

Newmont Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 315.97 418.67 692.68 806.91 877.62

Competitive Comparison of Newmont's Cyclically Adjusted FCF per Share

For the Gold subindustry, Newmont'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.


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

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

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



Newmont Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Newmont'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)
=-54.072/129.4194*129.4194
=-54.072

Current CPI (Mar. 2024) = 129.4194.

Newmont Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.970 100.560 2.535
201409 0.791 100.428 1.019
201412 4.884 99.070 6.380
201503 6.015 99.621 7.814
201506 2.083 100.684 2.677
201509 9.349 100.392 12.052
201512 -3.656 99.792 -4.741
201603 6.766 100.470 8.716
201606 12.957 101.688 16.490
201609 16.428 101.861 20.873
201612 9.714 101.863 12.342
201703 5.525 102.862 6.951
201706 10.448 103.349 13.084
201709 9.546 104.136 11.864
201712 15.475 104.011 19.255
201803 1.205 105.290 1.481
201806 6.573 106.317 8.001
201809 10.386 106.507 12.620
201812 33.194 105.998 40.529
201903 25.328 107.251 30.563
201906 -4.712 108.070 -5.643
201909 24.697 108.329 29.505
201912 56.425 108.420 67.354
202003 46.648 108.902 55.437
202006 32.657 108.767 38.858
202009 119.742 109.815 141.119
202012 130.046 109.897 153.148
202103 49.645 111.754 57.492
202106 68.423 114.631 77.250
202109 91.180 115.734 101.962
202112 108.583 117.630 119.466
202203 34.754 121.301 37.080
202206 79.312 125.017 82.105
202209 -9.788 125.227 -10.116
202212 76.568 125.222 79.135
202303 -11.182 127.348 -11.364
202306 14.189 128.729 14.265
202309 175.415 129.860 174.821
202312 -112.098 129.419 -112.098
202403 -54.072 129.419 -54.072

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Newmont  (BUE:NEM) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Newmont's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14747.00/877.62
=16.80

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Newmont was 154.88. The lowest was 12.66. And the median was 37.80.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Newmont Cyclically Adjusted FCF per Share Related Terms

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


Newmont (BUE:NEM) Business Description

Industry
Address
6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 7.3 million ounces of gold in 2023 pro forma for Newcrest on an annualized basis. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts from its various gold mines. It had about two decades of gold reserves along with significant byproduct reserves after acquiring Newcrest.