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Fortuna Silver Mines (TSX:FVI) Cyclically Adjusted FCF per Share : C$-0.11 (As of Mar. 2024)


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What is Fortuna Silver Mines 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.

Fortuna Silver Mines's adjusted free cash flow per share for the three months ended in Mar. 2024 was C$0.033. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is C$-0.11 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -37.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -2.00% 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 Fortuna Silver Mines was 55.00% per year. The lowest was -115.40% per year. And the median was 8.40% per year.

As of today (2024-05-16), Fortuna Silver Mines's current stock price is C$7.28. Fortuna Silver Mines's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$-0.11. Fortuna Silver Mines's Cyclically Adjusted Price-to-FCF of today is .


Fortuna Silver Mines Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Fortuna Silver Mines'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.

Fortuna Silver Mines Cyclically Adjusted FCF per Share Chart

Fortuna Silver Mines 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 -0.14 -0.13 -0.10 -0.14 -0.10

Fortuna Silver Mines 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 -0.16 -0.15 -0.11 -0.10 -0.11

Competitive Comparison of Fortuna Silver Mines's Cyclically Adjusted FCF per Share

For the Gold subindustry, Fortuna Silver Mines'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.


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

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

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



Fortuna Silver Mines 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, Fortuna Silver Mines'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)
=0.033/126.2576*126.2576
=0.033

Current CPI (Mar. 2024) = 126.2576.

Fortuna Silver Mines Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.053 99.473 -0.067
201409 0.097 99.394 0.123
201412 0.016 98.367 0.021
201503 0.024 99.789 0.030
201506 -0.053 100.500 -0.067
201509 0.032 100.421 0.040
201512 -0.026 99.947 -0.033
201603 -0.167 101.054 -0.209
201606 -0.052 102.002 -0.064
201609 0.169 101.765 0.210
201612 0.147 101.449 0.183
201703 -0.021 102.634 -0.026
201706 0.004 103.029 0.005
201709 0.067 103.345 0.082
201712 0.110 103.345 0.134
201803 0.072 105.004 0.087
201806 0.046 105.557 0.055
201809 -0.158 105.636 -0.189
201812 0.108 105.399 0.129
201903 -0.244 106.979 -0.288
201906 -0.267 107.690 -0.313
201909 -0.536 107.611 -0.629
201912 -0.256 107.769 -0.300
202003 -0.273 107.927 -0.319
202006 -0.158 108.401 -0.184
202009 0.097 108.164 0.113
202012 0.221 108.559 0.257
202103 0.031 110.298 0.035
202106 0.050 111.720 0.057
202109 -0.060 112.905 -0.067
202112 -0.019 113.774 -0.021
202203 -0.136 117.646 -0.146
202206 -0.028 120.806 -0.029
202209 0.026 120.648 0.027
202212 -0.111 120.964 -0.116
202303 -0.093 122.702 -0.096
202306 -0.105 124.203 -0.107
202309 0.319 125.230 0.322
202312 0.233 125.072 0.235
202403 0.033 126.258 0.033

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


Fortuna Silver Mines  (TSX:FVI) 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.


Fortuna Silver Mines Cyclically Adjusted FCF per Share Related Terms

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


Fortuna Silver Mines (TSX:FVI) Business Description

Traded in Other Exchanges
Address
200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6
Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire. The company earns revenue from contracts with customers related to its concentrate and dore sales.
Executives
David Whittle Senior Officer

Fortuna Silver Mines (TSX:FVI) Headlines