GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vale SA (OTCPK:VALEF) » Definitions » Cyclically Adjusted FCF per Share

Vale (VALEF) Cyclically Adjusted FCF per Share : $0.00 (As of Mar. 2024)


View and export this data going back to . Start your Free Trial

What is Vale Cyclically Adjusted FCF per Share?

Note: As Cyclically Adjusted FCF per Share is a main component used to calculate Cyclically Adjusted Price-to-FCF. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Vale's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.423. 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 $0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Vale's average Cyclically Adjusted FCF Growth Rate was 12.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 29.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 33.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 17.30% 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 Vale was 44.00% per year. The lowest was -4.30% per year. And the median was 11.35% per year.

As of today (2024-06-06), Vale's current stock price is $6.1633. Vale's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.00. Vale's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Vale was 29.55. The lowest was 5.34. And the median was 16.12.


Vale Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Vale'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.

Vale Cyclically Adjusted FCF per Share Chart

Vale 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 - - - - -

Vale 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 - - - - -

Competitive Comparison of Vale's Cyclically Adjusted FCF per Share

For the Other Industrial Metals & Mining subindustry, Vale'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.


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

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

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



Vale 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, Vale'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)
=0.423/159.3724*159.3724
=0.423

Current CPI (Mar. 2024) = 159.3724.

Vale Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.591 91.838 1.026
201409 -0.103 92.602 -0.177
201412 -0.374 94.194 -0.633
201503 -0.324 97.799 -0.528
201506 -0.350 100.006 -0.558
201509 -0.076 101.392 -0.119
201512 -0.225 104.247 -0.344
201603 -0.356 106.979 -0.530
201606 0.185 108.851 0.271
201609 0.244 109.986 0.354
201612 0.202 110.802 0.291
201703 0.355 111.869 0.506
201706 0.425 112.115 0.604
201709 0.288 112.777 0.407
201712 0.536 114.068 0.749
201803 0.249 114.868 0.345
201806 0.551 117.038 0.750
201809 0.732 117.881 0.990
201812 0.348 118.340 0.469
201903 0.308 120.124 0.409
201906 0.432 120.977 0.569
201909 0.619 121.292 0.813
201912 0.319 123.436 0.412
202003 0.109 124.092 0.140
202006 0.072 123.557 0.093
202009 0.759 125.095 0.967
202012 1.019 129.012 1.259
202103 1.172 131.660 1.419
202106 1.285 133.871 1.530
202109 1.524 137.913 1.761
202112 0.025 141.992 0.028
202203 0.285 146.537 0.310
202206 0.442 149.784 0.470
202209 0.421 147.800 0.454
202212 0.024 150.207 0.025
202303 0.481 153.352 0.500
202306 0.134 154.519 0.138
202309 0.272 155.464 0.279
202312 0.518 157.148 0.525
202403 0.423 159.372 0.423

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


Vale  (OTCPK:VALEF) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Vale was 29.55. The lowest was 5.34. And the median was 16.12.


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.


Vale Cyclically Adjusted FCF per Share Related Terms

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


Vale (VALEF) Business Description

Industry
Address
Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145
Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in its base metals business, which is expected to become effective early in 2024, and which is likely the first step in separating base metals and iron ore.

Vale (VALEF) Headlines

From GuruFocus

Top 5 4th Quarter Trades of CONTRARIAN CAPITAL MANAGEMENT, L.L.C.

By GuruFocus Research GuruFocus Editor 02-15-2023

Top 5 4th Quarter Trades of AMS Capital Ltda

By GuruFocus Research GuruFocus Editor 01-20-2023

A Trio of Stocks Trading at a Discount

By Alberto Abaterusso 01-05-2022

Turim 21 Investimentos Ltda. Buys 2, Sells 3 in 2nd Quarter

By GuruFocus Research GuruFocus Editor 08-16-2022

3 Benjamin Graham Stocks to Consider

By Alberto Abaterusso 08-24-2022

Vale SA's Dividend Analysis

By GuruFocus Research 11-21-2023

3 Stock Picks for the Value Investor

By Alberto Abaterusso Alberto Abaterusso 05-09-2021

Top 5 2nd Quarter Trades of AMS Capital Ltda

By GuruFocus Research GuruFocus Editor 08-04-2022