GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Black Iron Inc (TSX:BKI) » Definitions » Cyclically Adjusted Price-to-FCF

Black Iron (TSX:BKI) Cyclically Adjusted Price-to-FCF : (As of May. 14, 2024)


View and export this data going back to 2011. Start your Free Trial

What is Black Iron Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Black Iron Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Black Iron'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.

Black Iron Cyclically Adjusted Price-to-FCF Chart

Black Iron 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 - - - - -

Black Iron 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 Black Iron's Cyclically Adjusted Price-to-FCF

For the Other Industrial Metals & Mining subindustry, Black Iron'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.


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

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

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



Black Iron 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.

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

For example, Black Iron'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)
=-0.001/125.4675*125.4675
=-0.001

Current CPI (Dec. 2023) = 125.4675.

Black Iron Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.010 98.604 -0.013
201406 -0.023 99.473 -0.029
201409 -0.009 99.394 -0.011
201412 -0.007 98.367 -0.009
201503 -0.007 99.789 -0.009
201506 -0.005 100.500 -0.006
201509 -0.004 100.421 -0.005
201512 -0.004 99.947 -0.005
201603 -0.004 101.054 -0.005
201606 -0.005 102.002 -0.006
201609 -0.003 101.765 -0.004
201612 -0.004 101.449 -0.005
201703 -0.004 102.634 -0.005
201706 -0.006 103.029 -0.007
201709 -0.004 103.345 -0.005
201712 -0.007 103.345 -0.008
201803 -0.005 105.004 -0.006
201806 -0.006 105.557 -0.007
201809 -0.002 105.636 -0.002
201812 -0.003 105.399 -0.004
201903 -0.003 106.979 -0.004
201906 -0.005 107.690 -0.006
201909 -0.003 107.611 -0.003
201912 -0.005 107.769 -0.006
202003 -0.003 107.927 -0.003
202006 -0.003 108.401 -0.003
202009 -0.002 108.164 -0.002
202012 -0.002 108.559 -0.002
202103 -0.002 110.298 -0.002
202106 -0.005 111.720 -0.006
202109 0.000 112.905 0.000
202112 -0.015 113.774 -0.017
202203 -0.010 117.646 -0.011
202206 -0.002 120.806 -0.002
202209 -0.001 120.648 -0.001
202212 -0.001 120.964 -0.001
202303 -0.001 122.702 -0.001
202306 -0.001 124.203 -0.001
202309 -0.001 125.230 -0.001
202312 -0.001 125.468 -0.001

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.


Black Iron  (TSX:BKI) 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.


Black Iron Cyclically Adjusted Price-to-FCF Related Terms

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


Black Iron (TSX:BKI) Business Description

Industry
Traded in Other Exchanges
Address
198 Davenport Road, Toronto, ON, CAN, M5R 1J2
Black Iron Inc isan iron ore exploration and development company with its project located in theDnipropetrovsk region of Ukraine. The Company holds a interest in a mining permit that covers an area of approximately 2.56 square kilometers and comprises the Shymanivske Project through Shymanivske Steel.

Black Iron (TSX:BKI) Headlines

From GuruFocus