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Argo Gold (Argo Gold) Cyclically Adjusted Price-to-FCF : (As of Jun. 14, 2024)


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What is Argo Gold Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Argo Gold Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Argo Gold's Cyclically Adjusted Price-to-FCF 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.

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Argo Gold Cyclically Adjusted Price-to-FCF Chart

Argo Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Argo Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Argo Gold's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Argo Gold'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.


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

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

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



Argo Gold Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Argo Gold's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Argo Gold'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)
=0.001/126.2576*126.2576
=0.001

Current CPI (Mar. 2024) = 126.2576.

Argo Gold Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.001 99.473 -0.001
201409 -0.013 99.394 -0.017
201412 -0.001 98.367 -0.001
201503 -0.001 99.789 -0.001
201506 -0.003 100.500 -0.004
201509 -0.001 100.421 -0.001
201512 0.001 99.947 0.001
201603 0.000 101.054 0.000
201606 -0.004 102.002 -0.005
201609 -0.001 101.765 -0.001
201612 0.002 101.449 0.002
201703 -0.009 102.634 -0.011
201706 -0.010 103.029 -0.012
201709 -0.015 103.345 -0.018
201712 0.001 103.345 0.001
201803 -0.002 105.004 -0.002
201806 0.001 105.557 0.001
201809 -0.002 105.636 -0.002
201812 -0.002 105.399 -0.002
201903 -0.015 106.979 -0.018
201906 -0.002 107.690 -0.002
201909 -0.004 107.611 -0.005
201912 -0.002 107.769 -0.002
202003 -0.005 107.927 -0.006
202006 -0.005 108.401 -0.006
202009 -0.005 108.164 -0.006
202012 -0.006 108.559 -0.007
202103 -0.005 110.298 -0.006
202106 -0.008 111.720 -0.009
202109 -0.009 112.905 -0.010
202112 -0.003 113.774 -0.003
202203 -0.002 117.646 -0.002
202206 -0.003 120.806 -0.003
202209 -0.003 120.648 -0.003
202212 -0.002 120.964 -0.002
202303 -0.009 122.702 -0.009
202306 -0.003 124.203 -0.003
202309 -0.002 125.230 -0.002
202312 -0.011 125.072 -0.011
202403 0.001 126.258 0.001

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


Argo Gold  (OTCPK:ARBTF) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Argo Gold Cyclically Adjusted Price-to-FCF Related Terms

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


Argo Gold (Argo Gold) Business Description

Traded in Other Exchanges
Address
350 Bay Street, Suite 700, Toronto, ON, CAN, M5H 2S6
Argo Gold Inc is focused on gold exploration projects in central and northwestern Ontario. It is engaged in the acquisition, exploration, and development of mineral properties. Its projects include Uchi Gold Project; Woco Zone in the Uchi Gold Project, and Northgate Zone Uchi Gold Project, NW Ontario Gold Projects, Talbot Lake Gold Project, Angela Lake Gold Project, Zinc Silver Cobalt Projects, Hurdman Zinc-Silver Property, and Keelow Lake Project.

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