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McEwen Mining (MIL:1MUX) Cyclically Adjusted Price-to-FCF : (As of Jun. 20, 2024)


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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
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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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 Mar. 2024 is calculated as:

For example, McEwen Mining'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)
=-0.012/126.2576*126.2576
=-0.012

Current CPI (Mar. 2024) = 126.2576.

McEwen Mining Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.127 99.473 -0.161
201409 -0.071 99.394 -0.090
201412 -0.151 98.367 -0.194
201503 0.169 99.789 0.214
201506 0.003 100.500 0.004
201509 0.313 100.421 0.394
201512 -0.039 99.947 -0.049
201603 0.425 101.054 0.531
201606 -0.023 102.002 -0.028
201609 0.119 101.765 0.148
201612 -0.537 101.449 -0.668
201703 -0.225 102.634 -0.277
201706 -0.298 103.029 -0.365
201709 0.004 103.345 0.005
201712 -0.478 103.345 -0.584
201803 -0.111 105.004 -0.133
201806 -0.563 105.557 -0.673
201809 -0.693 105.636 -0.828
201812 -0.696 105.399 -0.834
201903 -0.714 106.979 -0.843
201906 -0.161 107.690 -0.189
201909 -0.384 107.611 -0.451
201912 -0.482 107.769 -0.565
202003 -0.394 107.927 -0.461
202006 -0.248 108.401 -0.289
202009 -0.126 108.164 -0.147
202012 -0.134 108.559 -0.156
202103 -0.385 110.298 -0.441
202106 -0.149 111.720 -0.168
202109 -0.354 112.905 -0.396
202112 -0.142 113.774 -0.158
202203 -0.385 117.646 -0.413
202206 -0.816 120.806 -0.853
202209 -0.408 120.648 -0.427
202212 -0.020 120.964 -0.021
202303 -0.481 122.702 -0.495
202306 -0.745 124.203 -0.757
202309 -0.229 125.230 -0.231
202312 0.164 125.072 0.166
202403 -0.012 126.258 -0.012

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  (MIL:1MUX) 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 (MIL:1MUX) 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.

McEwen Mining (MIL:1MUX) Headlines

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