GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sandstorm Gold Ltd (TSX:SSL) » Definitions » Cyclically Adjusted Price-to-FCF

Sandstorm Gold (TSX:SSL) Cyclically Adjusted Price-to-FCF : (As of Apr. 30, 2024)


View and export this data going back to 2007. Start your Free Trial

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

Shiller PE for Stocks: The True Measure of Stock Valuation


Sandstorm Gold Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Sandstorm 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.

Sandstorm Gold Cyclically Adjusted Price-to-FCF Chart

Sandstorm 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 - - - - -

Sandstorm 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 Sandstorm Gold's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Sandstorm 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.


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

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

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



Sandstorm 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.

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

For example, Sandstorm 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)
=0.16/125.4675*125.4675
=0.160

Current CPI (Dec. 2023) = 125.4675.

Sandstorm Gold Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.041 98.604 -0.052
201406 0.084 99.473 0.106
201409 0.002 99.394 0.003
201412 0.019 98.367 0.024
201503 -0.540 99.789 -0.679
201506 0.083 100.500 0.104
201509 0.053 100.421 0.066
201512 -1.630 99.947 -2.046
201603 0.034 101.054 0.042
201606 0.041 102.002 0.050
201609 0.083 101.765 0.102
201612 0.084 101.449 0.104
201703 0.084 102.634 0.103
201706 0.097 103.029 0.118
201709 0.066 103.345 0.080
201712 0.060 103.345 0.073
201803 -0.230 105.004 -0.275
201806 0.092 105.557 0.109
201809 0.076 105.636 0.090
201812 0.077 105.399 0.092
201903 -0.136 106.979 -0.160
201906 0.084 107.690 0.098
201909 0.029 107.611 0.034
201912 -0.005 107.769 -0.006
202003 0.121 107.927 0.141
202006 0.084 108.401 0.097
202009 0.120 108.164 0.139
202012 0.107 108.559 0.124
202103 0.150 110.298 0.171
202106 -0.620 111.720 -0.696
202109 0.057 112.905 0.063
202112 -0.021 113.774 -0.023
202203 0.125 117.646 0.133
202206 -0.045 120.806 -0.047
202209 -2.528 120.648 -2.629
202212 -0.281 120.964 -0.291
202303 0.166 122.702 0.170
202306 0.134 124.203 0.135
202309 0.133 125.230 0.133
202312 0.160 125.468 0.160

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.


Sandstorm Gold  (TSX:SSL) 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.


Sandstorm Gold Cyclically Adjusted Price-to-FCF Related Terms

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


Sandstorm Gold (TSX:SSL) Business Description

Traded in Other Exchanges
Address
400 Burrard Street, Suite 1400, Vancouver, BC, CAN, V6C 3A6
Sandstorm Gold Ltd provides financing to companies engaged in gold mining through the gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm's royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.