GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argonaut Gold Inc (TSX:AR) » Definitions » Cyclically Adjusted Price-to-FCF

Argonaut Gold (TSX:AR) Cyclically Adjusted Price-to-FCF : (As of May. 01, 2024)


View and export this data going back to 2009. Start your Free Trial

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

Shiller PE for Stocks: The True Measure of Stock Valuation


Argonaut Gold Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Argonaut Gold'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.

Argonaut Gold Cyclically Adjusted Price-to-FCF Chart

Argonaut Gold 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 - 98.17 - - -

Argonaut Gold Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Argonaut Gold's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Argonaut Gold'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.


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

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

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



Argonaut Gold 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.

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

For example, Argonaut Gold'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)
=0.011/125.4675*125.4675
=0.011

Current CPI (Dec. 2023) = 125.4675.

Argonaut Gold Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.078 98.604 -0.099
201406 -0.017 99.473 -0.021
201409 -0.040 99.394 -0.050
201412 0.066 98.367 0.084
201503 0.130 99.789 0.163
201506 0.002 100.500 0.002
201509 0.006 100.421 0.007
201512 0.035 99.947 0.044
201603 0.001 101.054 0.001
201606 0.040 102.002 0.049
201609 -0.020 101.765 -0.025
201612 -0.060 101.449 -0.074
201703 -0.002 102.634 -0.002
201706 0.136 103.029 0.166
201709 0.043 103.345 0.052
201712 0.011 103.345 0.013
201803 0.052 105.004 0.062
201806 0.009 105.557 0.011
201809 -0.014 105.636 -0.017
201812 -0.081 105.399 -0.096
201903 0.090 106.979 0.106
201906 -0.032 107.690 -0.037
201909 0.064 107.611 0.075
201912 0.048 107.769 0.056
202003 0.047 107.927 0.055
202006 0.179 108.401 0.207
202009 0.098 108.164 0.114
202012 -0.014 108.559 -0.016
202103 -0.050 110.298 -0.057
202106 -0.060 111.720 -0.067
202109 -0.170 112.905 -0.189
202112 -0.210 113.774 -0.232
202203 -0.288 117.646 -0.307
202206 0.051 120.806 0.053
202209 -0.219 120.648 -0.228
202212 -0.143 120.964 -0.148
202303 -0.016 122.702 -0.016
202306 0.007 124.203 0.007
202309 0.068 125.230 0.068
202312 0.011 125.468 0.011

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.


Argonaut Gold  (TSX:AR) 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.


Argonaut Gold Cyclically Adjusted Price-to-FCF Related Terms

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


Argonaut Gold (TSX:AR) Business Description

Industry
Traded in Other Exchanges
Address
9600 Prototype Court, Reno, NV, USA, 89521
Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and the San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the exploration stage Cerro del Gallo project, and several other exploration stage projects, all of which are located in North America.