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PanAtlantica (BSP:PATI4) Cyclically Adjusted Price-to-FCF : 8.71 (As of May. 28, 2024)


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What is PanAtlantica Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), PanAtlantica's current share price is R$33.00. PanAtlantica's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$3.79. PanAtlantica's Cyclically Adjusted Price-to-FCF for today is 8.71.

The historical rank and industry rank for PanAtlantica's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:PATI4' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.14   Med: 16.01   Max: 131.58
Current: 7.79

During the past years, PanAtlantica's highest Cyclically Adjusted Price-to-FCF was 131.58. The lowest was 7.14. And the median was 16.01.

BSP:PATI4's Cyclically Adjusted Price-to-FCF is ranked better than
76.31% of 249 companies
in the Steel industry
Industry Median: 13.79 vs BSP:PATI4: 7.79

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.

PanAtlantica's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$-2.622. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$3.79 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PanAtlantica Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PanAtlantica'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.

* Premium members only.

PanAtlantica Cyclically Adjusted Price-to-FCF Chart

PanAtlantica Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 11.52 52.53 13.39 8.30

PanAtlantica Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 16.00 10.21 8.16 8.30 8.71

Competitive Comparison of PanAtlantica's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, PanAtlantica'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.


PanAtlantica's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

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

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



PanAtlantica 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.

PanAtlantica's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=33.00/3.79
=8.71

* 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.

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

For example, PanAtlantica'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)
=-2.622/159.3724*159.3724
=-2.622

Current CPI (Mar. 2024) = 159.3724.

PanAtlantica Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.065 91.838 -0.113
201409 0.131 92.602 0.225
201412 1.405 94.194 2.377
201503 -1.062 97.799 -1.731
201506 1.542 100.006 2.457
201509 0.933 101.392 1.467
201512 -0.054 104.247 -0.083
201603 0.698 106.979 1.040
201606 0.610 108.851 0.893
201609 0.025 109.986 0.036
201612 0.513 110.802 0.738
201703 -0.982 111.869 -1.399
201706 0.820 112.115 1.166
201709 0.483 112.777 0.683
201712 0.194 114.068 0.271
201803 0.087 114.868 0.121
201806 1.288 117.038 1.754
201809 0.068 117.881 0.092
201812 -0.552 118.340 -0.743
201903 2.868 120.124 3.805
201906 -0.976 120.977 -1.286
201909 1.554 121.292 2.042
201912 1.916 123.436 2.474
202003 -0.143 124.092 -0.184
202006 2.895 123.557 3.734
202009 -0.337 125.095 -0.429
202012 1.902 129.012 2.350
202103 -2.782 131.660 -3.368
202106 -6.976 133.871 -8.305
202109 -2.790 137.913 -3.224
202112 7.629 141.992 8.563
202203 2.358 146.537 2.565
202206 0.216 149.784 0.230
202209 5.305 147.800 5.720
202212 2.989 150.207 3.171
202303 4.242 153.352 4.409
202306 1.821 154.519 1.878
202309 1.456 155.464 1.493
202312 2.042 157.148 2.071
202403 -2.622 159.372 -2.622

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.


PanAtlantica  (BSP:PATI4) 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.


PanAtlantica Cyclically Adjusted Price-to-FCF Related Terms

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


PanAtlantica (BSP:PATI4) Business Description

Industry
Traded in Other Exchanges
Address
R Rudolfo Vontobel 600, P.O. Box 152 - Distrito Industrial, Gravataí, RS, BRA, 94045-405
PanAtlantica SA produces, trades, imports and exports, and processes steel and other metals. The company's products include cold-rolled strips, strapping bands, sheets and coils, blanks, slit strips and profiles. Additionally, the Company provides steel cutting services through two different processes: slitting, which cuts the steel with rotating shears to form coils, and cut-to-length, which cuts it in flat sheets.

PanAtlantica (BSP:PATI4) Headlines

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