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CMC Metals (CMC Metals) Cyclically Adjusted Price-to-FCF : (As of May. 15, 2024)


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What is CMC Metals Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


CMC Metals Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CMC Metals'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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CMC Metals Cyclically Adjusted Price-to-FCF Chart

CMC Metals Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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CMC Metals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of CMC Metals's Cyclically Adjusted Price-to-FCF

For the Other Precious Metals & Mining subindustry, CMC Metals'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.


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

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

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



CMC Metals 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.

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

For example, CMC Metals'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.

CMC Metals Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.072 98.604 -0.092
201406 -0.062 99.473 -0.078
201409 -0.067 99.394 -0.085
201412 -0.017 98.367 -0.022
201503 -0.069 99.789 -0.087
201506 -0.099 100.500 -0.124
201509 -0.042 100.421 -0.052
201512 -0.012 99.947 -0.015
201603 -0.014 101.054 -0.017
201606 -0.047 102.002 -0.058
201609 -0.024 101.765 -0.030
201612 -0.020 101.449 -0.025
201703 -0.016 102.634 -0.020
201706 -0.021 103.029 -0.026
201709 -0.026 103.345 -0.032
201712 -0.003 103.345 -0.004
201803 -0.005 105.004 -0.006
201806 -0.007 105.557 -0.008
201809 0.000 105.636 0.000
201812 0.000 105.399 0.000
201903 -0.006 106.979 -0.007
201906 -0.001 107.690 -0.001
201909 -0.015 107.611 -0.017
201912 -0.006 107.769 -0.007
202003 0.000 107.927 0.000
202006 -0.004 108.401 -0.005
202009 -0.005 108.164 -0.006
202012 -0.004 108.559 -0.005
202103 -0.003 110.298 -0.003
202106 -0.006 111.720 -0.007
202109 -0.010 112.905 -0.011
202112 -0.003 113.774 -0.003
202203 -0.005 117.646 -0.005
202206 -0.006 120.806 -0.006
202209 -0.012 120.648 -0.012
202212 -0.003 120.964 -0.003
202303 -0.004 122.702 -0.004
202306 -0.003 124.203 -0.003
202309 -0.007 125.230 -0.007
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.


CMC Metals  (OTCPK:CMCXF) 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.


CMC Metals Cyclically Adjusted Price-to-FCF Related Terms

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CMC Metals (CMC Metals) Business Description

Traded in Other Exchanges
Address
409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2
CMC Metals Ltd is a Canadian-based exploration company. It is engaged in the acquisition and exploration of mineral properties in Canada and the United States of America. Its project portfolio includes Silver Hart Property; Blue Heaven; Rancheria; Silverknife Property; Bridal Veil; Terra Nova; Logjam and Bishop Mill.