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Pan American Silver (FRA:PA2) Cyclically Adjusted FCF per Share : €0.19 (As of Sep. 2024)


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What is Pan American Silver 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.

Pan American Silver's adjusted free cash flow per share for the three months ended in Sep. 2024 was €0.375. 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 €0.19 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Pan American Silver's average Cyclically Adjusted FCF Growth Rate was 31.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -22.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -20.60% 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 Pan American Silver was 116.90% per year. The lowest was -32.10% per year. And the median was 23.10% per year.

As of today (2025-01-18), Pan American Silver's current stock price is €20.91. Pan American Silver's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was €0.19. Pan American Silver's Cyclically Adjusted Price-to-FCF of today is 110.05.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Pan American Silver was 675.00. The lowest was 27.06. And the median was 94.08.


Pan American Silver Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Pan American Silver'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.

Pan American Silver Cyclically Adjusted FCF per Share Chart

Pan American Silver 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 0.33 0.29 0.22 0.11 0.15

Pan American Silver Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.15 0.15 0.15 0.17 0.19

Competitive Comparison of Pan American Silver's Cyclically Adjusted FCF per Share

For the Gold subindustry, Pan American Silver'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.


Pan American Silver's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

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



Pan American Silver 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, Pan American Silver's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.375/127.2847*127.2847
=0.375

Current CPI (Sep. 2024) = 127.2847.

Pan American Silver Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.157 98.367 -0.203
201503 -0.125 99.789 -0.159
201506 -0.053 100.500 -0.067
201509 0.011 100.421 0.014
201512 -0.183 99.947 -0.233
201603 -0.261 101.054 -0.329
201606 0.077 102.002 0.096
201609 0.314 101.765 0.393
201612 -0.067 101.449 -0.084
201703 -0.037 102.634 -0.046
201706 -0.037 103.029 -0.046
201709 0.174 103.345 0.214
201712 0.236 103.345 0.291
201803 0.010 105.004 0.012
201806 0.131 105.557 0.158
201809 0.045 105.636 0.054
201812 -0.174 105.399 -0.210
201903 -0.270 106.979 -0.321
201906 0.073 107.690 0.086
201909 0.139 107.611 0.164
201912 0.339 107.769 0.400
202003 0.252 107.927 0.297
202006 0.137 108.401 0.161
202009 0.307 108.164 0.361
202012 0.457 108.559 0.536
202103 -0.072 110.298 -0.083
202106 0.095 111.720 0.108
202109 0.383 112.905 0.432
202112 0.202 113.774 0.226
202203 0.031 117.646 0.034
202206 -0.229 120.806 -0.241
202209 -0.071 120.648 -0.075
202212 -0.827 120.964 -0.870
202303 0.057 122.702 0.059
202306 0.010 124.203 0.010
202309 0.015 125.230 0.015
202312 0.122 125.072 0.124
202403 -0.065 126.258 -0.066
202406 0.222 127.522 0.222
202409 0.375 127.285 0.375

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


Pan American Silver  (FRA:PA2) 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.

Pan American Silver's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20.91/0.19
=110.05

* 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 Pan American Silver was 675.00. The lowest was 27.06. And the median was 94.08.


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.


Pan American Silver Cyclically Adjusted FCF per Share Related Terms

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


Pan American Silver Business Description

Address
733SeymourStreet, Suite 2100, Vancouver, BC, CAN, V6B0S6
Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. The company's principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.

Pan American Silver Headlines

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