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Southern Copper (LIM:SCCO) Cyclically Adjusted FCF per Share : $1.86 (As of Mar. 2024)


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What is Southern Copper 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.

Southern Copper's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.571. 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 $1.86 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Southern Copper's average Cyclically Adjusted FCF Growth Rate was 21.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 23.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 18.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 1.50% 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 Southern Copper was 74.40% per year. The lowest was -16.70% per year. And the median was 14.70% per year.

As of today (2024-05-21), Southern Copper's current stock price is $129.78. Southern Copper's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.86. Southern Copper's Cyclically Adjusted Price-to-FCF of today is 69.77.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Southern Copper was 81.03. The lowest was 16.72. And the median was 41.35.


Southern Copper Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Southern Copper'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.

Southern Copper Cyclically Adjusted FCF per Share Chart

Southern Copper 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 0.88 0.98 1.27 1.48 1.80

Southern Copper 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 1.55 1.69 1.77 1.80 1.86

Competitive Comparison of Southern Copper's Cyclically Adjusted FCF per Share

For the Copper subindustry, Southern Copper'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.


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

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

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



Southern Copper 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, Southern Copper'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)
=0.571/131.7762*131.7762
=0.571

Current CPI (Mar. 2024) = 131.7762.

Southern Copper Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.032 100.560 -0.042
201409 0.029 100.428 0.038
201412 -0.222 99.070 -0.295
201503 -0.030 99.621 -0.040
201506 0.062 100.684 0.081
201509 -0.068 100.392 -0.089
201512 -0.305 99.792 -0.403
201603 -0.204 100.470 -0.268
201606 -0.098 101.688 -0.127
201609 0.040 101.861 0.052
201612 0.012 101.863 0.016
201703 0.313 102.862 0.401
201706 0.130 103.349 0.166
201709 0.286 104.136 0.362
201712 0.491 104.011 0.622
201803 0.453 105.290 0.567
201806 0.195 106.317 0.242
201809 0.577 106.507 0.714
201812 0.201 105.998 0.250
201903 0.254 107.251 0.312
201906 0.299 108.070 0.365
201909 0.515 108.329 0.626
201912 0.474 108.420 0.576
202003 0.479 108.902 0.580
202006 0.392 108.767 0.475
202009 0.844 109.815 1.013
202012 1.091 109.897 1.308
202103 0.704 111.754 0.830
202106 1.078 114.631 1.239
202109 1.251 115.734 1.424
202112 1.320 117.630 1.479
202203 0.788 121.301 0.856
202206 0.109 125.017 0.115
202209 0.464 125.227 0.488
202212 1.013 125.222 1.066
202303 1.212 127.348 1.254
202306 0.697 128.729 0.714
202309 1.008 129.860 1.023
202312 0.366 129.419 0.373
202403 0.571 131.776 0.571

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


Southern Copper  (LIM:SCCO) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=129.78/1.86
=69.77

* 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 Southern Copper was 81.03. The lowest was 16.72. And the median was 41.35.


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.


Southern Copper Cyclically Adjusted FCF per Share Related Terms

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


Southern Copper (LIM:SCCO) Business Description

Traded in Other Exchanges
Address
7310 North 16th Street, Suite 135, Phoenix, AZ, USA, 85020
Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. Its geographical segments are The Americas, Europe, and Asia.

Southern Copper (LIM:SCCO) Headlines

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