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Prospect Resources (ASX:PSC) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is Prospect Resources Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Prospect Resources Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Prospect Resources'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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Prospect Resources Cyclically Adjusted Price-to-FCF Chart

Prospect Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
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Prospect Resources Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Prospect Resources's Cyclically Adjusted Price-to-FCF

For the Other Industrial Metals & Mining subindustry, Prospect Resources'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.


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

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

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



Prospect Resources 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.

Prospect Resources's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Prospect Resources's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=-0.016/124.1700*124.1700
=-0.016

Current CPI (Jun23) = 124.1700.

Prospect Resources Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.022 98.352 -0.028
201506 -0.018 99.838 -0.022
201606 -0.015 100.859 -0.018
201706 -0.064 102.809 -0.077
201806 -0.059 104.945 -0.070
201906 -0.081 106.617 -0.094
202006 -0.030 106.246 -0.035
202106 -0.019 110.332 -0.021
202206 -0.024 117.112 -0.025
202306 -0.016 124.170 -0.016

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.


Prospect Resources  (ASX:PSC) 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.


Prospect Resources Cyclically Adjusted Price-to-FCF Related Terms

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Prospect Resources (ASX:PSC) Business Description

Traded in Other Exchanges
Address
33 Richardson Street, Level 2, West Perth, Perth, WA, AUS, 6005
Prospect Resources Ltd is an Africa-focused battery minerals company based in Perth with operations in Zimbabwe. It explores lithium and gold deposits. The company projects include Arcadia Lithium Project, Good Days Lithium Project, Penhalonga Gold Project, and Gwanda East Project. Its geographical segment includes Australia and Zimbabwe. The company derives the majority of its revenue from Zimbabwe.

Prospect Resources (ASX:PSC) Headlines