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Equatorial Resources (ASX:EQX) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Equatorial Resources Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Equatorial Resources Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Equatorial Resources'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.

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Equatorial Resources Cyclically Adjusted Price-to-FCF Chart

Equatorial Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
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Equatorial Resources Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Equatorial Resources's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Equatorial Resources'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.


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

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

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



Equatorial Resources 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.

Equatorial Resources's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Equatorial Resources's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=-0.014/124.1700*124.1700
=-0.014

Current CPI (Jun23) = 124.1700.

Equatorial Resources Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.095 98.352 -0.120
201506 -0.025 99.838 -0.031
201606 -0.011 100.859 -0.014
201706 -0.004 102.809 -0.005
201806 -0.001 104.945 -0.001
201906 0.003 106.617 0.003
202006 0.000 106.246 0.000
202106 -0.008 110.332 -0.009
202206 -0.012 117.112 -0.013
202306 -0.014 124.170 -0.014

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.


Equatorial Resources  (ASX:EQX) 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.


Equatorial Resources Cyclically Adjusted Price-to-FCF Related Terms

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Equatorial Resources (ASX:EQX) Business Description

Industry
Traded in Other Exchanges
N/A
Address
28 The Esplanade, Level 9, BGC Centre, Perth, WA, AUS, 6000
Equatorial Resources Ltd is an iron ore exploration and development company. The company's iron ore projects are located in the Republic of Congo (ROC). The company focuses on advancing its existing mineral resource assets in Africa, as well as searching for new opportunities in the resources sector. It operates the Badondo Iron Project located in the northwest region of the Republic of Congo. Central & West Africa hosts a regional distribution of undeveloped world-class high-grade iron ore deposits. It is comprised of the same rock type and similar geological formation as the Carajas System in South America.