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Semapa (XLIS:SEM) Cyclically Adjusted FCF per Share : €4.34 (As of Sep. 2023)


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What is Semapa 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.

Semapa's adjusted free cash flow per share for the three months ended in Sep. 2023 was €0.392. 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 €4.34 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Semapa's average Cyclically Adjusted FCF Growth Rate was 5.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.50% 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 Semapa was 14.50% per year. The lowest was 13.30% per year. And the median was 13.90% per year.

As of today (2024-05-04), Semapa's current stock price is €15.60. Semapa's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was €4.34. Semapa's Cyclically Adjusted Price-to-FCF of today is 3.59.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Semapa was 9.89. The lowest was 2.11. And the median was 3.41.


Semapa Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Semapa'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.

Semapa Cyclically Adjusted FCF per Share Chart

Semapa Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.42 2.84 3.28 3.52 4.26

Semapa Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 4.10 4.26 4.46 4.39 4.34

Competitive Comparison of Semapa's Cyclically Adjusted FCF per Share

For the Paper & Paper Products subindustry, Semapa'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.


Semapa's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

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

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



Semapa 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, Semapa's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.392/119.1112*119.1112
=0.392

Current CPI (Sep. 2023) = 119.1112.

Semapa Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.016 100.080 -0.019
201403 0.578 99.788 0.690
201406 0.830 99.967 0.989
201409 1.030 99.617 1.232
201412 0.635 99.723 0.758
201503 0.302 100.097 0.359
201506 0.782 100.769 0.924
201509 0.088 100.489 0.104
201512 1.206 100.119 1.435
201603 0.253 100.547 0.300
201606 0.717 101.319 0.843
201609 0.955 101.122 1.125
201612 1.225 100.998 1.445
201703 0.480 101.924 0.561
201706 0.944 102.240 1.100
201709 1.199 102.527 1.393
201712 0.955 102.479 1.110
201803 1.647 102.626 1.912
201806 -0.378 103.790 -0.434
201809 0.437 103.960 0.501
201812 0.936 103.159 1.081
201903 0.263 103.495 0.303
201906 1.359 104.192 1.554
201909 0.641 103.844 0.735
201912 0.982 103.592 1.129
202003 0.498 103.544 0.573
202006 1.645 104.323 1.878
202009 1.649 103.699 1.894
202012 3.096 103.354 3.568
202103 0.968 104.014 1.108
202106 1.368 104.852 1.554
202109 0.851 105.232 0.963
202112 1.109 106.191 1.244
202203 1.080 109.559 1.174
202206 1.566 114.003 1.636
202209 2.151 114.999 2.228
202212 2.066 116.377 2.115
202303 1.732 117.701 1.753
202306 0.231 117.872 0.233
202309 0.392 119.111 0.392

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


Semapa  (XLIS:SEM) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15.60/4.34
=3.59

* 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 Semapa was 9.89. The lowest was 2.11. And the median was 3.41.


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.


Semapa Cyclically Adjusted FCF per Share Related Terms

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


Semapa (XLIS:SEM) Business Description

Industry
Traded in Other Exchanges
Address
Avenue Fontes Pereira de Melo, 14 - 10th Floor, Lisboa, PRT, 1050-121
Semapa SA makes and sells a variety of paper products as well as cement. The segments of the company are, paper and pulp segment is the production and sale of writing and printing thin paper (UWF) and domestic consumption paper (Tissue), and it is present in the whole value-added chain, from research and development of forestry and agricultural production to the purchase and sale of wood and the production and sale of bleached eucalyptus kraft pulp and electric and thermal energy, as well as its commercialization. The cement and derivatives segment sells cement, ready-mix concrete, and aggregates to the construction and building industries. The environment segment collects animal waste and sells animal fats, food oil, and meal. The majority of revenue comes from the Rest of Europe.