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Aperam (XAMS:APAM) Cyclically Adjusted Price-to-FCF : 8.19 (As of Apr. 30, 2024)


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What is Aperam Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Aperam's current share price is €28.00. Aperam's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €3.42. Aperam's Cyclically Adjusted Price-to-FCF for today is 8.19.

The historical rank and industry rank for Aperam's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

XAMS:APAM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.37   Med: 9.07   Max: 11.39
Current: 8.16

During the past years, Aperam's highest Cyclically Adjusted Price-to-FCF was 11.39. The lowest was 7.37. And the median was 9.07.

XAMS:APAM's Cyclically Adjusted Price-to-FCF is ranked better than
73.51% of 268 companies
in the Steel industry
Industry Median: 13.365 vs XAMS:APAM: 8.16

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Aperam's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €3.009. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €3.42 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aperam Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Aperam'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.

Aperam Cyclically Adjusted Price-to-FCF Chart

Aperam 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 - - - 8.84 9.62

Aperam 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 8.84 10.00 - 8.90 9.62

Competitive Comparison of Aperam's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Aperam'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.


Aperam's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aperam's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Aperam 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.

Aperam's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=28.00/3.42
=8.19

* 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.

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

For example, Aperam'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)
=3.009/121.1700*121.1700
=3.009

Current CPI (Dec. 2023) = 121.1700.

Aperam Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201106 0.000 94.750 0.000
201112 0.000 95.710 0.000
201206 0.000 97.110 0.000
201212 0.000 97.930 0.000
201306 0.000 99.110 0.000
201312 0.000 99.440 0.000
201406 0.000 99.960 0.000
201412 0.000 98.830 0.000
201506 0.000 100.640 0.000
201512 0.000 99.910 0.000
201606 0.000 100.660 0.000
201612 0.000 101.040 0.000
201703 -0.187 101.780 -0.223
201706 0.532 102.170 0.631
201709 0.483 102.520 0.571
201712 1.493 102.410 1.766
201803 -0.053 102.900 -0.062
201806 0.649 103.650 0.759
201809 0.178 104.580 0.206
201812 0.395 104.320 0.459
201903 0.286 105.140 0.330
201906 0.866 105.550 0.994
201909 0.545 105.900 0.624
201912 1.374 106.080 1.569
202003 0.225 106.040 0.257
202006 0.423 106.340 0.482
202009 0.686 106.620 0.780
202012 1.085 106.670 1.232
202103 0.598 108.140 0.670
202106 1.247 108.680 1.390
202109 1.111 109.470 1.230
202112 2.059 111.090 2.246
202203 -1.323 114.780 -1.397
202206 2.235 116.750 2.320
202209 2.778 117.000 2.877
202212 0.965 117.060 0.999
202303 1.186 118.910 1.209
202306 0.000 120.460 0.000
202309 -1.855 121.740 -1.846
202312 3.009 121.170 3.009

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.


Aperam  (XAMS:APAM) 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.


Aperam Cyclically Adjusted Price-to-FCF Related Terms

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


Aperam (XAMS:APAM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aperam SA (XAMS:APAM) » Definitions » Cyclically Adjusted Price-to-FCF
Address
24-26 Boulevard d’Avranches, Luxembourg, LUX, 1160
Aperam SA is a Luxembourg-based stainless and specialty steel producer. The company primarily operates through four segments. Its stainless and electrical steel segment produces a wide range of stainless and electrical steel products, and also owns a subsidiary that produces charcoal, which substitutes coke in production. Its service and solutions segment markets the company's products and provides customized steel transformation services. Its alloys and specialties segment produces nickel alloys and certain specific stainless steels. Recycling & Renewables segment includes all recycling and renewable energy activities. It generates majority of its revenue from Germany.