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Equinox Gold (Equinox Gold) Cyclically Adjusted FCF per Share : $-0.56 (As of Mar. 2024)


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What is Equinox Gold 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.

Equinox Gold's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-0.268. 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 $-0.56 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -14.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.20% 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 Equinox Gold was 22.10% per year. The lowest was -14.20% per year. And the median was 11.35% per year.

As of today (2024-05-16), Equinox Gold's current stock price is $5.40. Equinox Gold's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $-0.56. Equinox Gold's Cyclically Adjusted Price-to-FCF of today is .


Equinox Gold Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Equinox Gold'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.

Equinox Gold Cyclically Adjusted FCF per Share Chart

Equinox Gold 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 -0.50 -0.38 -0.33 -0.48 -0.55

Equinox Gold 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 -0.48 -0.51 -0.53 -0.55 -0.56

Competitive Comparison of Equinox Gold's Cyclically Adjusted FCF per Share

For the Gold subindustry, Equinox 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.


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

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

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



Equinox Gold 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, Equinox Gold'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)
=-0.268/126.2576*126.2576
=-0.268

Current CPI (Mar. 2024) = 126.2576.

Equinox Gold Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.005 99.473 -0.006
201409 -0.009 99.394 -0.011
201412 -0.009 98.367 -0.012
201503 -0.016 99.789 -0.020
201506 -0.015 100.500 -0.019
201509 -0.018 100.421 -0.023
201512 -0.003 99.947 -0.004
201603 -0.006 101.054 -0.007
201606 -0.004 102.002 -0.005
201609 -0.003 101.765 -0.004
201612 -0.065 101.449 -0.081
201703 -0.214 102.634 -0.263
201706 -0.295 103.029 -0.362
201709 -0.397 103.345 -0.485
201712 -0.530 103.345 -0.648
201803 -0.165 105.004 -0.198
201806 -0.068 105.557 -0.081
201809 -0.326 105.636 -0.390
201812 -0.373 105.399 -0.447
201903 -0.348 106.979 -0.411
201906 -0.318 107.690 -0.373
201909 0.090 107.611 0.106
201912 0.204 107.769 0.239
202003 -0.221 107.927 -0.259
202006 0.236 108.401 0.275
202009 0.086 108.164 0.100
202012 0.140 108.559 0.163
202103 0.029 110.298 0.033
202106 -0.213 111.720 -0.241
202109 -0.022 112.905 -0.025
202112 0.111 113.774 0.123
202203 -0.464 117.646 -0.498
202206 -0.557 120.806 -0.582
202209 -0.319 120.648 -0.334
202212 -0.308 120.964 -0.321
202303 0.045 122.702 0.046
202306 -0.288 124.203 -0.293
202309 -0.247 125.230 -0.249
202312 -0.035 125.072 -0.035
202403 -0.268 126.258 -0.268

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


Equinox Gold  (AMEX:EQX) 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.


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.


Equinox Gold Cyclically Adjusted FCF per Share Related Terms

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


Equinox Gold (Equinox Gold) Business Description

Industry
Traded in Other Exchanges
Address
700 West Pender Street, Suite 1501, Vancouver, BC, CAN, V6C 1G8
Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration and development of mineral properties, with a focus on gold. Equinox Gold has around seven operating gold mines and a clear plan to increase production by advancing a pipeline of growth projects.