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Pan American Silver (BUE:PAAS) Cyclically Adjusted Price-to-FCF : 134.23 (As of May. 16, 2024)


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What is Pan American Silver Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Pan American Silver's current share price is ARS7586.50. Pan American Silver's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ARS56.52. Pan American Silver's Cyclically Adjusted Price-to-FCF for today is 134.23.

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

BUE:PAAS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 27.06   Med: 92.8   Max: 1192
Current: 131.35

During the past years, Pan American Silver's highest Cyclically Adjusted Price-to-FCF was 1192.00. The lowest was 27.06. And the median was 92.80.

BUE:PAAS's Cyclically Adjusted Price-to-FCF is ranked worse than
90.65% of 246 companies
in the Metals & Mining industry
Industry Median: 22.06 vs BUE:PAAS: 131.35

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.

Pan American Silver's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ARS-59.636. 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 ARS56.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pan American Silver Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Pan American Silver'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.

Pan American Silver Cyclically Adjusted Price-to-FCF Chart

Pan American Silver 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 64.59 92.46 98.69 144.93 96.38

Pan American Silver 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 145.66 91.43 90.40 96.38 94.78

Competitive Comparison of Pan American Silver's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Pan American Silver'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.


Pan American Silver's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

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



Pan American Silver 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.

Pan American Silver's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7586.50/56.52
=134.23

* 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.

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

For example, Pan American Silver'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)
=-59.636/126.2576*126.2576
=-59.636

Current CPI (Mar. 2024) = 126.2576.

Pan American Silver Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.635 99.473 0.806
201409 0.572 99.394 0.727
201412 -1.654 98.367 -2.123
201503 -1.192 99.789 -1.508
201506 -0.538 100.500 -0.676
201509 0.114 100.421 0.143
201512 -2.585 99.947 -3.265
201603 -4.238 101.054 -5.295
201606 1.215 102.002 1.504
201609 5.259 101.765 6.525
201612 -1.122 101.449 -1.396
201703 -0.616 102.634 -0.758
201706 -0.686 103.029 -0.841
201709 3.631 103.345 4.436
201712 5.329 103.345 6.511
201803 0.241 105.004 0.290
201806 3.821 105.557 4.570
201809 1.953 105.636 2.334
201812 -7.458 105.399 -8.934
201903 -11.906 106.979 -14.052
201906 3.678 107.690 4.312
201909 8.548 107.611 10.029
201912 22.529 107.769 26.394
202003 17.250 107.927 20.180
202006 10.554 108.401 12.292
202009 26.862 108.164 31.355
202012 45.233 108.559 52.607
202103 -7.763 110.298 -8.886
202106 10.792 111.720 12.196
202109 44.065 112.905 49.276
202112 23.011 113.774 25.536
202203 3.723 117.646 3.996
202206 -29.152 120.806 -30.468
202209 -9.702 120.648 -10.153
202212 -146.890 120.964 -153.318
202303 12.001 122.702 12.349
202306 2.634 124.203 2.678
202309 5.665 125.230 5.711
202312 47.980 125.072 48.435
202403 -59.636 126.258 -59.636

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.


Pan American Silver  (BUE:PAAS) 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.


Pan American Silver Cyclically Adjusted Price-to-FCF Related Terms

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


Pan American Silver (BUE:PAAS) Business Description

Address
1440 - 625 Howe Street, Vancouver, BC, CAN, V6C 2T6
Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. Its principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.