GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Universal Stainless & Alloy Products Inc (FRA:US6) » Definitions » Cyclically Adjusted Price-to-FCF

Universal Stainless & Alloy Products (FRA:US6) Cyclically Adjusted Price-to-FCF : (As of May. 20, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Universal Stainless & Alloy Products Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Universal Stainless & Alloy Products Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Universal Stainless & Alloy Products'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.

Universal Stainless & Alloy Products Cyclically Adjusted Price-to-FCF Chart

Universal Stainless & Alloy Products 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 - 476.85 - - -

Universal Stainless & Alloy Products 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 - - - - -

Competitive Comparison of Universal Stainless & Alloy Products's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Universal Stainless & Alloy Products'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.


Universal Stainless & Alloy Products's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

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

* The bar in red indicates where Universal Stainless & Alloy Products's Cyclically Adjusted Price-to-FCF falls into.



Universal Stainless & Alloy Products 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.

Universal Stainless & Alloy Products's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Universal Stainless & Alloy Products'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)
=0.459/131.7762*131.7762
=0.459

Current CPI (Mar. 2024) = 131.7762.

Universal Stainless & Alloy Products Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.406 100.560 -0.532
201409 0.127 100.428 0.167
201412 0.401 99.070 0.533
201503 -0.659 99.621 -0.872
201506 -0.112 100.684 -0.147
201509 1.272 100.392 1.670
201512 0.708 99.792 0.935
201603 0.091 100.470 0.119
201606 0.532 101.688 0.689
201609 0.044 101.861 0.057
201612 -0.178 101.863 -0.230
201703 -0.182 102.862 -0.233
201706 -0.396 103.349 -0.505
201709 0.099 104.136 0.125
201712 -0.330 104.011 -0.418
201803 -1.606 105.290 -2.010
201806 0.890 106.317 1.103
201809 -0.578 106.507 -0.715
201812 1.355 105.998 1.685
201903 -2.337 107.251 -2.871
201906 -0.166 108.070 -0.202
201909 0.274 108.329 0.333
201912 0.063 108.420 0.077
202003 -1.215 108.902 -1.470
202006 0.421 108.767 0.510
202009 1.131 109.815 1.357
202012 0.980 109.897 1.175
202103 -0.101 111.754 -0.119
202106 -0.160 114.631 -0.184
202109 -0.805 115.734 -0.917
202112 -1.754 117.630 -1.965
202203 -0.660 121.301 -0.717
202206 -0.844 125.017 -0.890
202209 -0.314 125.227 -0.330
202212 -0.393 125.222 -0.414
202303 -0.102 127.348 -0.106
202306 0.521 128.729 0.533
202309 0.392 129.860 0.398
202312 0.398 129.419 0.405
202403 0.459 131.776 0.459

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.


Universal Stainless & Alloy Products  (FRA:US6) 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.


Universal Stainless & Alloy Products Cyclically Adjusted Price-to-FCF Related Terms

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


Universal Stainless & Alloy Products (FRA:US6) Business Description

Traded in Other Exchanges
Address
600 Mayer Street, Bridgeville, PA, USA, 15017
Universal Stainless & Alloy Products Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels. The company along with its subsidiaries involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels.

Universal Stainless & Alloy Products (FRA:US6) Headlines

No Headlines