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Imperial Metals (TSX:III) Cyclically Adjusted FCF per Share : C$-1.14 (As of Mar. 2024)


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What is Imperial Metals 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.

Imperial Metals's adjusted free cash flow per share for the three months ended in Mar. 2024 was C$-0.183. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is C$-1.14 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 0.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -3.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -9.90% 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 Imperial Metals was 44.20% per year. The lowest was -146.60% per year. And the median was -8.80% per year.

As of today (2024-05-22), Imperial Metals's current stock price is C$2.64. Imperial Metals's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$-1.14. Imperial Metals's Cyclically Adjusted Price-to-FCF of today is .


Imperial Metals Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Imperial Metals'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.

Imperial Metals Cyclically Adjusted FCF per Share Chart

Imperial Metals 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 -1.22 -1.26 -1.46 -1.57 -1.25

Imperial Metals 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 -1.51 -1.52 -1.36 -1.25 -1.14

Competitive Comparison of Imperial Metals's Cyclically Adjusted FCF per Share

For the Copper subindustry, Imperial Metals'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.


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

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

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



Imperial Metals 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, Imperial Metals'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)
=-0.183/126.2576*126.2576
=-0.183

Current CPI (Mar. 2024) = 126.2576.

Imperial Metals Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.566 99.473 -1.988
201409 -1.220 99.394 -1.550
201412 -0.627 98.367 -0.805
201503 -1.100 99.789 -1.392
201506 -0.509 100.500 -0.639
201509 -0.201 100.421 -0.253
201512 -0.314 99.947 -0.397
201603 0.218 101.054 0.272
201606 0.133 102.002 0.165
201609 -0.338 101.765 -0.419
201612 -0.184 101.449 -0.229
201703 -0.046 102.634 -0.057
201706 -0.296 103.029 -0.363
201709 -0.336 103.345 -0.410
201712 0.128 103.345 0.156
201803 0.001 105.004 0.001
201806 -0.027 105.557 -0.032
201809 -0.171 105.636 -0.204
201812 0.690 105.399 0.827
201903 -0.242 106.979 -0.286
201906 0.131 107.690 0.154
201909 -0.128 107.611 -0.150
201912 -0.048 107.769 -0.056
202003 -0.064 107.927 -0.075
202006 -0.098 108.401 -0.114
202009 -0.072 108.164 -0.084
202012 -0.115 108.559 -0.134
202103 -0.143 110.298 -0.164
202106 -0.091 111.720 -0.103
202109 -0.177 112.905 -0.198
202112 -0.224 113.774 -0.249
202203 -0.463 117.646 -0.497
202206 -0.339 120.806 -0.354
202209 -0.354 120.648 -0.370
202212 -0.405 120.964 -0.423
202303 -0.111 122.702 -0.114
202306 -0.185 124.203 -0.188
202309 -0.260 125.230 -0.262
202312 -0.245 125.072 -0.247
202403 -0.183 126.258 -0.183

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


Imperial Metals  (TSX:III) 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.


Imperial Metals Cyclically Adjusted FCF per Share Related Terms

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


Imperial Metals (TSX:III) Business Description

Traded in Other Exchanges
Address
580 Hornby Street, Suite 200, Vancouver, BC, CAN, V6C 3B6
Imperial Metals Corp is a mining company mainly engaged in the exploration, development, and production of base and precious metals from Canadian mineral properties. It operates through four segments which include Red Chris, Mount Polley, Huckleberry, and Corporate. The company's properties include the Red Chris copper/gold mine in northwest British Columbia; the Mount Polley copper/gold mine in central British Columbia, and the Huckleberry copper mine in northern British Columbia. It explores copper, gold, silver, and other minerals in which copper is the company's principal product.
Executives
L.l.c. Fairholme Capital Management 10% Security Holder