GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Majestic Silver Corp (STU:FMV) » Definitions » Cyclically Adjusted Price-to-FCF

First Majestic Silver (STU:FMV) Cyclically Adjusted Price-to-FCF : (As of May. 25, 2024)


View and export this data going back to 2006. Start your Free Trial

What is First Majestic Silver Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


First Majestic Silver Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Majestic Silver'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.

First Majestic Silver Cyclically Adjusted Price-to-FCF Chart

First Majestic Silver 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 - - - - -

First Majestic Silver 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 First Majestic Silver's Cyclically Adjusted Price-to-FCF

For the Silver subindustry, First Majestic Silver'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.


First Majestic Silver's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

* The bar in red indicates where First Majestic Silver's Cyclically Adjusted Price-to-FCF falls into.



First Majestic Silver 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.

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

For example, First Majestic Silver'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)
=-0.058/126.2576*126.2576
=-0.058

Current CPI (Mar. 2024) = 126.2576.

First Majestic Silver Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.006 99.473 0.008
201409 -0.141 99.394 -0.179
201412 0.109 98.367 0.140
201503 -0.046 99.789 -0.058
201506 0.018 100.500 0.023
201509 -0.018 100.421 -0.023
201512 0.030 99.947 0.038
201603 0.073 101.054 0.091
201606 0.000 102.002 0.000
201609 0.060 101.765 0.074
201612 0.078 101.449 0.097
201703 0.006 102.634 0.007
201706 0.001 103.029 0.001
201709 -0.033 103.345 -0.040
201712 0.002 103.345 0.002
201803 -0.064 105.004 -0.077
201806 -0.092 105.557 -0.110
201809 -0.149 105.636 -0.178
201812 -0.054 105.399 -0.065
201903 0.012 106.979 0.014
201906 -0.048 107.690 -0.056
201909 0.045 107.611 0.053
201912 0.085 107.769 0.100
202003 -0.085 107.927 -0.099
202006 -0.199 108.401 -0.232
202009 0.081 108.164 0.095
202012 0.034 108.559 0.040
202103 -0.137 110.298 -0.157
202106 -0.195 111.720 -0.220
202109 -0.192 112.905 -0.215
202112 0.111 113.774 0.123
202203 -0.198 117.646 -0.212
202206 -0.291 120.806 -0.304
202209 0.036 120.648 0.038
202212 -0.248 120.964 -0.259
202303 -0.184 122.702 -0.189
202306 -0.056 124.203 -0.057
202309 -0.044 125.230 -0.044
202312 -0.018 125.072 -0.018
202403 -0.058 126.258 -0.058

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.


First Majestic Silver  (STU:FMV) 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.


First Majestic Silver Cyclically Adjusted Price-to-FCF Related Terms

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


First Majestic Silver (STU:FMV) Business Description

Traded in Other Exchanges
Address
925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2
First Majestic Silver Corp is engaged in the production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. It owns four producing mines, three mines in Mexico consisting of the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine and the Jerritt Canyon Gold Mine in Nevada.

First Majestic Silver (STU:FMV) Headlines

No Headlines