GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cognor Holding SA (FRA:WO9) » Definitions » Cyclically Adjusted Price-to-FCF

Cognor Holding (FRA:WO9) Cyclically Adjusted Price-to-FCF : 6.92 (As of Jun. 04, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Cognor Holding Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Cognor Holding's current share price is €1.798. Cognor Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.26. Cognor Holding's Cyclically Adjusted Price-to-FCF for today is 6.92.

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

FRA:WO9' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.96   Med: 3.85   Max: 8.35
Current: 6.94

During the past years, Cognor Holding's highest Cyclically Adjusted Price-to-FCF was 8.35. The lowest was 0.96. And the median was 3.85.

FRA:WO9's Cyclically Adjusted Price-to-FCF is ranked better than
80.45% of 266 companies
in the Steel industry
Industry Median: 13.345 vs FRA:WO9: 6.94

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.

Cognor Holding's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.185. 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 €0.26 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cognor Holding Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cognor Holding'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.

Cognor Holding Cyclically Adjusted Price-to-FCF Chart

Cognor Holding 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 1.58 2.15 3.87 3.51 6.81

Cognor Holding 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 7.99 6.08 6.09 6.81 7.46

Competitive Comparison of Cognor Holding's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Cognor Holding'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.


Cognor Holding's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Cognor Holding's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Cognor Holding 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.

Cognor Holding's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.798/0.26
=6.92

* 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.

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

For example, Cognor Holding'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)
=-0.185/149.0435*149.0435
=-0.185

Current CPI (Mar. 2024) = 149.0435.

Cognor Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.017 101.180 0.025
201409 0.059 100.611 0.087
201412 -0.021 100.122 -0.031
201503 -0.014 100.041 -0.021
201506 -0.001 100.448 -0.001
201509 0.020 99.634 0.030
201512 0.161 99.471 0.241
201603 0.043 98.983 0.065
201606 0.035 99.552 0.052
201609 0.024 99.064 0.036
201612 0.049 100.366 0.073
201703 0.054 101.018 0.080
201706 0.227 101.180 0.334
201709 0.168 101.343 0.247
201712 -0.003 102.564 -0.004
201803 0.042 102.564 0.061
201806 0.205 103.378 0.296
201809 0.058 103.378 0.084
201812 0.155 103.785 0.223
201903 -0.095 104.274 -0.136
201906 0.220 105.983 0.309
201909 0.020 105.983 0.028
201912 0.092 107.123 0.128
202003 0.027 109.076 0.037
202006 0.071 109.402 0.097
202009 0.023 109.320 0.031
202012 0.099 109.565 0.135
202103 0.054 112.658 0.071
202106 -0.059 113.960 -0.077
202109 -0.007 115.588 -0.009
202112 0.040 119.088 0.050
202203 0.157 125.031 0.187
202206 -0.014 131.705 -0.016
202209 0.126 135.531 0.139
202212 0.116 139.113 0.124
202303 -0.043 145.950 -0.044
202306 -0.036 147.009 -0.036
202309 -0.057 146.113 -0.058
202312 0.019 147.741 0.019
202403 -0.185 149.044 -0.185

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.


Cognor Holding  (FRA:WO9) 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.


Cognor Holding Cyclically Adjusted Price-to-FCF Related Terms

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


Cognor Holding (FRA:WO9) Business Description

Industry
Traded in Other Exchanges
Address
ul. Zielona 26, Kielce, POL, 25-563
Cognor Holding SA operates in the steel industry. Its activities are divided into four business segments such as; Scrap division focuses on buying, processing, refining and selling of scrap metal and nonferrous scrap. Production division which contributes major revenue is responsible for processing scrap metal into steel billets, as well as converting steel billets and nonferrous scrap into finished products. The Distribution division sells various commodities, such as steel products, steel and nonferrous scrap and steel billets. The Other division includes materials recycling, among others. The firm's products range comprises metal bars, steel sheet, plates, pipes, and rods, as well as sheet zinc and tin plates, among others. Firm's majority revenue comes from Poland.

Cognor Holding (FRA:WO9) Headlines

No Headlines