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Gold Reserve (Gold Reserve) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


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What is Gold Reserve Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gold Reserve Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gold Reserve'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.

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Gold Reserve Cyclically Adjusted Price-to-FCF Chart

Gold Reserve Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Gold Reserve Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Gold Reserve's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Gold Reserve'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.


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

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

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



Gold Reserve 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.

Gold Reserve's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Gold Reserve's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.022/129.4194*129.4194
=-0.022

Current CPI (Dec. 2023) = 129.4194.

Gold Reserve Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.019 99.695 -0.025
201406 -0.035 100.560 -0.045
201409 -0.024 100.428 -0.031
201412 -0.019 99.070 -0.025
201503 -0.020 99.621 -0.026
201506 -0.019 100.684 -0.024
201509 -0.019 100.392 -0.024
201512 -0.058 99.792 -0.075
201603 -0.037 100.470 -0.048
201606 -0.027 101.688 -0.034
201609 -0.031 101.861 -0.039
201612 -0.038 101.863 -0.048
201703 -0.023 102.862 -0.029
201706 -0.015 103.349 -0.019
201709 -0.384 104.136 -0.477
201712 -0.068 104.011 -0.085
201803 -0.051 105.290 -0.063
201806 -0.154 106.317 -0.187
201809 -0.053 106.507 -0.064
201812 -0.389 105.998 -0.475
201903 -0.012 107.251 -0.014
201906 -0.030 108.070 -0.036
201909 -0.030 108.329 -0.036
201912 -0.031 108.420 -0.037
202003 0.019 108.902 0.023
202006 -0.029 108.767 -0.035
202009 -0.020 109.815 -0.024
202012 -0.016 109.897 -0.019
202103 -0.015 111.754 -0.017
202106 -0.028 114.631 -0.032
202109 -0.016 115.734 -0.018
202112 -0.027 117.630 -0.030
202203 -0.011 121.301 -0.012
202206 -0.020 125.017 -0.021
202209 -0.011 125.227 -0.011
202212 -0.021 125.222 -0.022
202303 -0.018 127.348 -0.018
202306 -0.022 128.729 -0.022
202309 -0.012 129.860 -0.012
202312 -0.022 129.419 -0.022

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.


Gold Reserve  (OTCPK:GDRZF) 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.


Gold Reserve Cyclically Adjusted Price-to-FCF Related Terms

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Gold Reserve (Gold Reserve) Business Description

Traded in Other Exchanges
Address
999 West Riverside Avenue, Suite 401, Spokane, WA, USA, 99201
Gold Reserve Inc, along with its subsidiaries, is engaged in the business of acquiring, exploring, and developing mining projects. Its primary business activities have been the collection of the remaining amounts owed to the company by Venezuela and, the advancement of the Siembra Minera Project. . Siembra Minera project was granted certain gold, copper, silver, and other strategic mineral rights.
Executives
Steelhead Navigator Master, L.p. 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED, UGLAND HOUSE, PO BOX 309, GRAND CAYMAN E9 KY1-1104
Rockne J Timm director, officer: Chief Executive Officer C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
A Douglas Belanger director, officer: President C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
Robert A Mcguinness officer: Vice President Finance and CFO C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
Patrick D Mcchesney director C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
Jean Charles Potvin director C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
James P Geyer director, officer: Senior Vice President C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
Mary E Smith officer: VP Administration & Secretary C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVE, SUITE 200, SPOKANE WA 99201
Chris D Mikkelsen director C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
James Hayward Coleman director C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
Steelhead Partners Llc other: See footnotes 800 FIFTH AVENUE, SUITE 3700, SEATTLE WA 98104
James Michael Johnston other: See footnotes 333 108TH AVENUE NE, SUITE 2010, BELLEVUE WA 98004
Brian Katz Klein other: See footnotes 333 108TH AVENUE NE, SUITE 2010, BELLEVUE WA 98004

Gold Reserve (Gold Reserve) Headlines

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