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Paranapanema (BSP:PMAM3) Cyclically Adjusted Price-to-FCF : (As of Apr. 30, 2024)


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What is Paranapanema Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Paranapanema Cyclically Adjusted Price-to-FCF Historical Data

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

Paranapanema Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Paranapanema Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Paranapanema's Cyclically Adjusted Price-to-FCF

For the Copper subindustry, Paranapanema'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.


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

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

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



Paranapanema 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.

Paranapanema's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Paranapanema's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.002/156.2729*156.2729
=-0.002

Current CPI (Dec. 2023) = 156.2729.

Paranapanema Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 5.153 90.447 8.903
201406 2.213 91.838 3.766
201409 22.575 92.602 38.097
201412 5.915 94.194 9.813
201503 8.948 97.799 14.298
201506 -23.957 100.006 -37.436
201509 -10.043 101.392 -15.479
201512 -12.566 104.247 -18.837
201603 19.254 106.979 28.126
201606 -23.960 108.851 -34.399
201609 -9.189 109.986 -13.056
201612 -17.062 110.802 -24.064
201703 7.647 111.869 10.682
201706 -2.911 112.115 -4.058
201709 -6.227 112.777 -8.629
201712 2.916 114.068 3.995
201803 -1.711 114.868 -2.328
201806 -1.234 117.038 -1.648
201809 7.145 117.881 9.472
201812 -2.275 118.340 -3.004
201903 -0.251 120.124 -0.327
201906 0.025 120.977 0.032
201909 4.555 121.292 5.869
201912 -2.856 123.436 -3.616
202003 0.884 124.092 1.113
202006 3.534 123.557 4.470
202009 -2.087 125.095 -2.607
202012 -0.655 129.012 -0.793
202103 -0.088 131.660 -0.104
202106 -0.435 133.871 -0.508
202109 -0.152 137.913 -0.172
202112 -0.755 141.992 -0.831
202203 3.320 146.537 3.541
202206 -0.397 149.784 -0.414
202209 1.310 147.800 1.385
202212 -1.064 150.207 -1.107
202303 -3.634 153.352 -3.703
202306 1.645 154.519 1.664
202309 -1.474 155.464 -1.482
202312 -0.002 156.273 -0.002

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.


Paranapanema  (BSP:PMAM3) 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.


Paranapanema Cyclically Adjusted Price-to-FCF Related Terms

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


Paranapanema (BSP:PMAM3) Business Description

Traded in Other Exchanges
N/A
Address
Via do Cobre, No. 3700, West industrial area, Complexo Petroquimico de Camacari, Dias D'avila, BA, BRA, 42850-000
Paranapanema SA is a Brazilian producer of primary copper. The company is engaged in the production and sale of electrolytically refined copper, its byproducts, and related services, as well as semi-finished copper and its alloys. Its products include laminates, bars, profiles, tubes, rods, casts, manufactured and semi-manufactured industrial parts, and components. Geographically, The company operates in Europe, America, Asia, and Africa, and it derives a majority of its revenue from the European markets.

Paranapanema (BSP:PMAM3) Headlines

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