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KGHM Polska Miedz (FRA:KGHA) Cyclically Adjusted Price-to-FCF : 34.92 (As of Jun. 19, 2024)


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What is KGHM Polska Miedz Cyclically Adjusted Price-to-FCF?

As of today (2024-06-19), KGHM Polska Miedz's current share price is €32.48. KGHM Polska Miedz's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.93. KGHM Polska Miedz's Cyclically Adjusted Price-to-FCF for today is 34.92.

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

FRA:KGHA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.5   Med: 15.02   Max: 41.09
Current: 35.38

During the past years, KGHM Polska Miedz's highest Cyclically Adjusted Price-to-FCF was 41.09. The lowest was 4.50. And the median was 15.02.

FRA:KGHA's Cyclically Adjusted Price-to-FCF is ranked worse than
65.06% of 249 companies
in the Metals & Mining industry
Industry Median: 19.96 vs FRA:KGHA: 35.38

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.

KGHM Polska Miedz's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-1.439. 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 €0.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


KGHM Polska Miedz Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for KGHM Polska Miedz'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.

KGHM Polska Miedz Cyclically Adjusted Price-to-FCF Chart

KGHM Polska Miedz 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 8.21 17.39 19.54 23.26 23.67

KGHM Polska Miedz 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 23.68 22.48 22.26 23.67 28.55

Competitive Comparison of KGHM Polska Miedz's Cyclically Adjusted Price-to-FCF

For the Copper subindustry, KGHM Polska Miedz'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.


KGHM Polska Miedz's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

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



KGHM Polska Miedz 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.

KGHM Polska Miedz's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=32.48/0.93
=34.92

* 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.

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

For example, KGHM Polska Miedz'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)
=-1.439/149.0435*149.0435
=-1.439

Current CPI (Mar. 2024) = 149.0435.

KGHM Polska Miedz Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.019 101.180 -0.028
201409 0.232 100.611 0.344
201412 0.471 100.122 0.701
201503 0.365 100.041 0.544
201506 0.418 100.448 0.620
201509 -0.011 99.634 -0.016
201512 -0.514 99.471 -0.770
201603 -0.443 98.983 -0.667
201606 -0.080 99.552 -0.120
201609 0.289 99.064 0.435
201612 1.337 100.366 1.985
201703 -0.180 101.018 -0.266
201706 0.162 101.180 0.239
201709 -0.057 101.343 -0.084
201712 0.436 102.564 0.634
201803 -0.788 102.564 -1.145
201806 0.133 103.378 0.192
201809 0.516 103.378 0.744
201812 1.201 103.785 1.725
201903 -0.470 104.274 -0.672
201906 0.465 105.983 0.654
201909 -0.122 105.983 -0.172
201912 1.875 107.123 2.609
202003 -0.039 109.076 -0.053
202006 0.387 109.402 0.527
202009 0.494 109.320 0.674
202012 1.647 109.565 2.240
202103 0.102 112.658 0.135
202106 0.613 113.960 0.802
202109 -0.684 115.588 -0.882
202112 0.357 119.088 0.447
202203 0.703 125.031 0.838
202206 -1.182 131.705 -1.338
202209 -0.449 135.531 -0.494
202212 -0.988 139.113 -1.059
202303 0.357 145.950 0.365
202306 0.612 147.009 0.620
202309 -0.291 146.113 -0.297
202312 0.606 147.741 0.611
202403 -1.439 149.044 -1.439

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.


KGHM Polska Miedz  (FRA:KGHA) 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.


KGHM Polska Miedz Cyclically Adjusted Price-to-FCF Related Terms

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


KGHM Polska Miedz (FRA:KGHA) Business Description

Traded in Other Exchanges
Address
48 M.Sklodowskiej-Curie Street, Lubin, POL, 59-301
KGHM Polska Miedz SA engages in copper ore mining and copper production primarily in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewellery, photography products and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is primarily through sales of silver, while a minor portion is generated through the production of gold, salt and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom and the Czech Republic, among many other European nations. KGHM Polska Miedz SA is also involved in construction and engineering, through its wholly owned subsidiary Bipromet SA.

KGHM Polska Miedz (FRA:KGHA) Headlines

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