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McEwen Mining (MEX:MUX) Cyclically Adjusted Price-to-FCF : (As of Jan. 18, 2025)


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What is McEwen Mining Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


McEwen Mining Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for McEwen Mining'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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McEwen Mining Cyclically Adjusted Price-to-FCF Chart

McEwen Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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McEwen Mining Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of McEwen Mining's Cyclically Adjusted Price-to-FCF

For the Other Precious Metals & Mining subindustry, McEwen Mining'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.


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

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

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



McEwen Mining 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.

McEwen Mining's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, McEwen Mining's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1.531/127.2847*127.2847
=1.531

Current CPI (Sep. 2024) = 127.2847.

McEwen Mining Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -2.752 98.367 -3.561
201503 2.781 99.789 3.547
201506 0.058 100.500 0.073
201509 5.942 100.421 7.532
201512 -0.734 99.947 -0.935
201603 8.137 101.054 10.249
201606 -0.470 102.002 -0.586
201609 2.584 101.765 3.232
201612 -11.668 101.449 -14.640
201703 -4.525 102.634 -5.612
201706 -6.045 103.029 -7.468
201709 0.090 103.345 0.111
201712 -11.112 103.345 -13.686
201803 -2.477 105.004 -3.003
201806 -12.934 105.557 -15.596
201809 -15.128 105.636 -18.228
201812 -15.555 105.399 -18.785
201903 -15.661 106.979 -18.634
201906 -3.489 107.690 -4.124
201909 -8.344 107.611 -9.869
201912 -10.105 107.769 -11.935
202003 -10.197 107.927 -12.026
202006 -6.450 108.401 -7.574
202009 -3.268 108.164 -3.846
202012 -3.243 108.559 -3.802
202103 -9.359 110.298 -10.800
202106 -3.562 111.720 -4.058
202109 -8.559 112.905 -9.649
202112 -3.302 113.774 -3.694
202203 -8.438 117.646 -9.129
202206 -17.359 120.806 -18.290
202209 -8.133 120.648 -8.580
202212 -0.404 120.964 -0.425
202303 -9.290 122.702 -9.637
202306 -13.729 124.203 -14.070
202309 -4.256 125.230 -4.326
202312 2.940 125.072 2.992
202403 -0.215 126.258 -0.217
202406 -1.134 127.522 -1.132
202409 1.531 127.285 1.531

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.


McEwen Mining  (MEX:MUX) 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.


McEwen Mining Cyclically Adjusted Price-to-FCF Related Terms

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McEwen Mining Business Description

Address
150 King Street West, Suite 2800, Toronto, ON, CAN, M5H 1J9
McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and the majority of silver production, is produced by the San Jose mine. Geographically, the majority is from Canada.