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Companhia Siderurgica Nacional (BUE:SID) Cyclically Adjusted FCF per Share : ARS2,783.04 (As of Dec. 2023)


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What is Companhia Siderurgica Nacional 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.

Companhia Siderurgica Nacional's adjusted free cash flow per share for the three months ended in Dec. 2023 was ARS-221.367. 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 ARS2,783.04 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Companhia Siderurgica Nacional's average Cyclically Adjusted FCF Growth Rate was -100.00% 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 Companhia Siderurgica Nacional was 186.90% per year. The lowest was -48.90% per year. And the median was 7.00% per year.

As of today (2024-04-30), Companhia Siderurgica Nacional's current stock price is ARS24355.00. Companhia Siderurgica Nacional's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ARS2,783.04. Companhia Siderurgica Nacional's Cyclically Adjusted Price-to-FCF of today is 8.75.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Companhia Siderurgica Nacional was 203.13. The lowest was 5.18. And the median was 20.42.


Companhia Siderurgica Nacional Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Companhia Siderurgica Nacional'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.

Companhia Siderurgica Nacional Cyclically Adjusted FCF per Share Chart

Companhia Siderurgica Nacional 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 - 228.84 545.36 916.53 2,783.04

Companhia Siderurgica Nacional Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 916.53 1,228.19 1,630.76 2,721.61 2,783.04

Competitive Comparison of Companhia Siderurgica Nacional's Cyclically Adjusted FCF per Share

For the Steel subindustry, Companhia Siderurgica Nacional'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.


Companhia Siderurgica Nacional's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

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

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



Companhia Siderurgica Nacional 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, Companhia Siderurgica Nacional'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)
=-221.367/156.2729*156.2729
=-221.367

Current CPI (Dec. 2023) = 156.2729.

Companhia Siderurgica Nacional Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.649 90.447 1.121
201406 -1.620 91.838 -2.757
201409 -0.847 92.602 -1.429
201412 0.075 94.194 0.124
201503 2.896 97.799 4.628
201506 -2.589 100.006 -4.046
201509 -1.001 101.392 -1.543
201512 9.187 104.247 13.772
201603 -3.694 106.979 -5.396
201606 -0.778 108.851 -1.117
201609 0.405 109.986 0.575
201612 0.173 110.802 0.244
201703 -1.065 111.869 -1.488
201706 -2.307 112.115 -3.216
201709 1.224 112.777 1.696
201712 0.571 114.068 0.782
201803 1.068 114.868 1.453
201806 0.362 117.038 0.483
201809 3.103 117.881 4.114
201812 0.710 118.340 0.938
201903 6.434 120.124 8.370
201906 2.335 120.977 3.016
201909 12.125 121.292 15.622
201912 2.880 123.436 3.646
202003 1.042 124.092 1.312
202006 10.836 123.557 13.705
202009 32.088 125.095 40.085
202012 39.258 129.012 47.553
202103 35.702 131.660 42.376
202106 -29.022 133.871 -33.879
202109 148.050 137.913 167.760
202112 4.963 141.992 5.462
202203 -74.019 146.537 -78.937
202206 36.621 149.784 38.208
202209 45.905 147.800 48.537
202212 -74.901 150.207 -77.926
202303 -5.198 153.352 -5.297
202306 7.286 154.519 7.369
202309 148.484 155.464 149.257
202312 -221.367 156.273 -221.367

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


Companhia Siderurgica Nacional  (BUE:SID) 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.

Companhia Siderurgica Nacional's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=24355.00/2783.04
=8.75

* 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 Companhia Siderurgica Nacional was 203.13. The lowest was 5.18. And the median was 20.42.


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.


Companhia Siderurgica Nacional Cyclically Adjusted FCF per Share Related Terms

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


Companhia Siderurgica Nacional (BUE:SID) Business Description

Traded in Other Exchanges
Address
Avenue Brigadeiro Faria Lima, 3400, 20th Floor, Sao Paulo, SP, BRA, 04538-132
Companhia Siderurgica Nacional is an integrated steel producer. The company operate throughout the entire steel production chain, from the mining of iron ore to the production and sale of a diversified range of steel products. It operates in five segments namely, Steel, Mining, Logistics, Energy, and Cement. It generates maximum revenue from the steel segment. Geographically, it derives a majority of revenue from Asia.