Sappi (SPPJY) Cyclically Adjusted FCF per Share: $0.01 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SPPJY Sappi Ltd SPPJY
52 GF Score
Price $1.00
GF Value $2.16
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Sappi Cyclically Adjusted FCF per Share?

Sappi SPPJY -6.54% 52 Cyclically Adjusted FCF per Share is $0.01 as of Jun. 2026. GuruFocus rates SPPJY with a GF Score™ of 52/100 and a GF Value™ of $2.16 (Possible Value Trap). The stock has 7 warning signs investors should review.

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.

Sappi's adjusted free cash flow per share for the three months ended in Jun. 2026 was $-0.059. 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 $0.01 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Sappi's average Cyclically Adjusted FCF Growth Rate was -86.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -23.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -0.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -13.50% 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 Sappi was 31.00% per year. The lowest was -33.40% per year. And the median was -13.90% per year.

As of today (2026-08-25), Sappi's current stock price is $1.00. Sappi's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was $0.01. Sappi's Cyclically Adjusted Price-to-FCF of today is 100.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sappi was 73.07. The lowest was 6.33. And the median was 15.35.


Sappi  (OTCPK:SPPJY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1.00/0.01
=100.00

* 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 Sappi was 73.07. The lowest was 6.33. And the median was 15.35.


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.


Sappi Cyclically Adjusted FCF per Share Related Terms


Sappi Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Sappi'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.

Sappi Cyclically Adjusted FCF per Share Chart

Sappi Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.15 0.22 0.16 0.07

Sappi Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.11 0.07 0.07 0.04 0.01

SPPJY vs SLVM: Cyclically Adjusted FCF per Share Comparison

For the Paper & Paper Products subindustry, Sappi'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.


Sappi Cyclically Adjusted Price-to-FCF vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Sappi's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


SPPJY
52GF Score
Sappi Ltd SPPJY
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sappi 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, Sappi's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-0.059/169.0200*169.0200
=-0.059

Current CPI (Jun. 2026) = 169.0200.

Sappi Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.291 107.694 0.457
201612 0.031 109.002 0.048
201703 0.031 111.400 0.047
201706 0.069 112.054 0.104
201709 0.095 112.926 0.142
201712 -0.016 113.907 -0.024
201803 -0.193 115.542 -0.282
201806 -0.075 116.959 -0.108
201809 0.045 118.376 0.064
201812 -0.007 118.921 -0.010
201903 -0.269 120.774 -0.376
201906 -0.031 122.191 -0.043
201909 0.315 123.281 0.432
201912 -0.215 123.717 -0.294
202003 0.007 125.679 0.009
202006 -0.115 124.807 -0.156
202009 0.155 126.878 0.206
202012 0.013 127.467 0.017
202103 -0.094 129.628 -0.123
202106 0.083 131.113 0.107
202109 0.059 133.273 0.075
202112 -0.002 135.029 -0.003
202203 0.173 137.594 0.213
202206 0.279 140.835 0.335
202209 0.403 143.671 0.474
202212 0.045 145.156 0.052
202303 0.082 147.586 0.094
202306 0.130 148.802 0.148
202309 0.113 151.502 0.126
202312 -0.089 152.718 -0.099
202403 -0.403 155.483 -0.438
202406 -0.025 156.269 -0.027
202409 -0.051 157.212 -0.055
202412 -0.173 157.212 -0.186
202503 -0.339 159.728 -0.359
202506 -0.218 160.985 -0.229
202509 0.058 162.570 0.060
202512 -0.005 162.880 -0.005
202603 -0.087 164.770 -0.089
202606 -0.059 169.020 -0.059

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

What does a Cyclically Adjusted FCF per Share of $0.01 mean?
Sappi (SPPJY) has a Cyclically Adjusted FCF per Share of $0.01 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Sappi and its competitors.
Is Sappi's Cyclically Adjusted FCF per Share too high?
Sappi's current Cyclically Adjusted FCF per Share is $0.01. Overall, Sappi has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sappi's Cyclically Adjusted FCF per Share compare to SLVM?
Sappi's Cyclically Adjusted FCF per Share of $0.01 can be compared against companies in the Forest Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Forest Products company?
A good Cyclically Adjusted FCF per Share depends on the Forest Products industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Sappi and its competitors. Sappi's current Cyclically Adjusted FCF per Share is $0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sappi stock overvalued right now?
Based on GuruFocus' analysis, Sappi (SPPJY) is currently considered Possible Value Trap. The stock's GF Value™ is $2.16, compared to a current price of $1.00 — trading 53.7% below its estimated fair value. The current Cyclically Adjusted FCF per Share is $0.01. Sappi's overall GF Score™ is 52/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Sappi (SPPJY), the current Cyclically Adjusted FCF per Share is $0.01 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sappi (SPPJY) Overvalued in 2026?

Based on GuruFocus' analysis, Sappi stock appears to be undervalued. The current stock price of $1.00 is trading 53.7% below its estimated GF Value™ of $2.16. GuruFocus considers Sappi to be Possible Value Trap.

Key valuation signals for SPPJY:

  • Cyclically Adjusted FCF per Share: $0.01
  • GF Value™: $2.16 vs. price of $1.00 (53.7% below fair value)
  • GF Score™: 52/100 with 7 warning signs

No single metric tells the full story. See the SPPJY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sappi Business Description

Other Exchanges SAP:South AfricaSPI:Germany
Address 108 Oxford Road, Ground Floor, Houghton Estate, Rosebank, Oxford Room, Johannesburg, GT, ZAF, 2198
Sappi Ltd is engaged in the manufacturing of sustainable woodfibre-based products including specialty and packaging papers, graphic papers, release papers, pulp, and biomaterials like lignin and furfural from renewable resources. The products and services include Dissolving pulp, Graphic papers, Packaging and specialty papers, Casting and release papers, Biomaterials and Bio-energy. The company's geographical segments include Europe, North America and South Africa. The majority of revenue is generated from South Africa.
52GF Score

Get the complete analysis for SPPJY

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.00
Price
$2.16
GF Value