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Pan American Silver (MEX:PAAS) Cyclically Adjusted FCF per Share : MXN6.01 (As of Mar. 2025)


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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 Mar. 2025 was MXN6.021. 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 MXN6.01 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Pan American Silver's average Cyclically Adjusted FCF Growth Rate was 109.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -11.00% 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 Pan American Silver was 116.90% per year. The lowest was -32.10% per year. And the median was 22.80% per year.

As of today (2025-05-25), Pan American Silver's current stock price is MXN548.00. Pan American Silver's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN6.01. Pan American Silver's Cyclically Adjusted Price-to-FCF of today is 91.18.

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 93.00.


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 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.47 5.80 2.05 2.86 5.52

Pan American Silver Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.45 3.22 4.27 5.52 6.01

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.


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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 Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=6.021/129.1809*129.1809
=6.021

Current CPI (Mar. 2025) = 129.1809.

Pan American Silver Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.929 100.500 -1.194
201509 0.205 100.421 0.264
201512 -3.435 99.947 -4.440
201603 -4.996 101.054 -6.387
201606 1.608 102.002 2.036
201609 6.817 101.765 8.654
201612 -1.460 101.449 -1.859
201703 -0.752 102.634 -0.947
201706 -0.752 103.029 -0.943
201709 3.761 103.345 4.701
201712 5.480 103.345 6.850
201803 0.217 105.004 0.267
201806 3.010 105.557 3.684
201809 0.993 105.636 1.214
201812 -3.884 105.399 -4.760
201903 -5.908 106.979 -7.134
201906 1.581 107.690 1.897
201909 3.018 107.611 3.623
201912 7.108 107.769 8.520
202003 6.517 107.927 7.800
202006 3.558 108.401 4.240
202009 7.993 108.164 9.546
202012 11.057 108.559 13.157
202103 -1.762 110.298 -2.064
202106 2.268 111.720 2.622
202109 9.266 112.905 10.602
202112 4.674 113.774 5.307
202203 0.690 117.646 0.758
202206 -4.874 120.806 -5.212
202209 -1.404 120.648 -1.503
202212 -17.082 120.964 -18.242
202303 1.095 122.702 1.153
202306 0.188 124.203 0.196
202309 0.282 125.230 0.291
202312 2.256 125.072 2.330
202403 -1.175 126.258 -1.202
202406 4.381 127.522 4.438
202409 8.195 127.285 8.317
202412 10.838 127.364 10.993
202503 6.021 129.181 6.021

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


Pan American Silver  (MEX:PAAS) 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
=548.00/6.01
=91.18

* 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 93.00.


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
733 Seymour Street, 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.