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Vale (FRA:CVLD) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is Vale Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vale Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Vale'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.

Vale Cyclically Adjusted Price-to-FCF Chart

Vale 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 19.46 24.75 13.89 13.46 10.13

Vale 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 11.47 9.20 9.54 10.13 7.75

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

For the Other Industrial Metals & Mining subindustry, Vale'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.


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

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

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



Vale 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.

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

For example, Vale'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)
=0.389/159.3724*159.3724
=0.389

Current CPI (Mar. 2024) = 159.3724.

Vale Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.435 91.838 0.755
201409 -0.080 92.602 -0.138
201412 -0.303 94.194 -0.513
201503 -0.484 97.799 -0.789
201506 -0.312 100.006 -0.497
201509 -0.067 101.392 -0.105
201512 -0.206 104.247 -0.315
201603 -0.517 106.979 -0.770
201606 0.165 108.851 0.242
201609 0.218 109.986 0.316
201612 0.191 110.802 0.275
201703 0.332 111.869 0.473
201706 0.379 112.115 0.539
201709 0.241 112.777 0.341
201712 0.453 114.068 0.633
201803 0.202 114.868 0.280
201806 0.472 117.038 0.643
201809 0.627 117.881 0.848
201812 0.306 118.340 0.412
201903 0.273 120.124 0.362
201906 0.382 120.977 0.503
201909 0.562 121.292 0.738
201912 0.287 123.436 0.371
202003 0.099 124.092 0.127
202006 0.064 123.557 0.083
202009 0.644 125.095 0.820
202012 0.838 129.012 1.035
202103 0.985 131.660 1.192
202106 1.067 133.871 1.270
202109 1.295 137.913 1.497
202112 0.022 141.992 0.025
202203 0.259 146.537 0.282
202206 0.418 149.784 0.445
202209 0.425 147.800 0.458
202212 0.023 150.207 0.024
202303 0.449 153.352 0.467
202306 0.124 154.519 0.128
202309 0.255 155.464 0.261
202312 0.475 157.148 0.482
202403 0.389 159.372 0.389

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.


Vale  (FRA:CVLD) 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.


Vale Cyclically Adjusted Price-to-FCF Related Terms

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Vale (FRA:CVLD) Business Description

Industry
Address
Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145
Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in its base metals business, which is expected to become effective early in 2024, and which is likely the first step in separating base metals and iron ore.

Vale (FRA:CVLD) Headlines

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