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Cascades (TSX:CAS) Cyclically Adjusted Price-to-FCF : 15.19 (As of May. 15, 2024)


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What is Cascades Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Cascades's current share price is C$10.18. Cascades's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.67. Cascades's Cyclically Adjusted Price-to-FCF for today is 15.19.

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

TSX:CAS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.25   Med: 15.39   Max: 26.61
Current: 14.99

During the past years, Cascades's highest Cyclically Adjusted Price-to-FCF was 26.61. The lowest was 10.25. And the median was 15.39.

TSX:CAS's Cyclically Adjusted Price-to-FCF is ranked better than
55.56% of 162 companies
in the Packaging & Containers industry
Industry Median: 17.03 vs TSX:CAS: 14.99

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.

Cascades's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$-0.781. 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 C$0.67 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cascades Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cascades'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.

Cascades Cyclically Adjusted Price-to-FCF Chart

Cascades 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 14.11 15.44 14.81 13.50 18.53

Cascades Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 19.25 19.37 21.08 18.53 14.74

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

For the Packaging & Containers subindustry, Cascades'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.


Cascades's Cyclically Adjusted Price-to-FCF Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Cascades's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Cascades 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.18/0.67
=15.19

* 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.

Cascades's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Cascades's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.781/125.4675*125.4675
=-0.781

Current CPI (Mar. 2024) = 125.4675.

Cascades Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.105 99.473 -0.132
201409 0.503 99.394 0.635
201412 0.638 98.367 0.814
201503 -0.281 99.789 -0.353
201506 0.000 100.500 0.000
201509 0.582 100.421 0.727
201512 0.947 99.947 1.189
201603 -0.349 101.054 -0.433
201606 0.352 102.002 0.433
201609 0.694 101.765 0.856
201612 1.247 101.449 1.542
201703 -0.740 102.634 -0.905
201706 0.235 103.029 0.286
201709 -0.205 103.345 -0.249
201712 0.389 103.345 0.472
201803 -0.501 105.004 -0.599
201806 0.474 105.557 0.563
201809 0.062 105.636 0.074
201812 0.177 105.399 0.211
201903 -0.157 106.979 -0.184
201906 0.358 107.690 0.417
201909 0.942 107.611 1.098
201912 0.888 107.769 1.034
202003 0.429 107.927 0.499
202006 0.690 108.401 0.799
202009 0.666 108.164 0.773
202012 0.831 108.559 0.960
202103 -0.174 110.298 -0.198
202106 -0.320 111.720 -0.359
202109 -0.116 112.905 -0.129
202112 -0.265 113.774 -0.292
202203 -1.732 117.646 -1.847
202206 -0.960 120.806 -0.997
202209 -1.217 120.648 -1.266
202212 0.338 120.964 0.351
202303 -0.983 122.702 -1.005
202306 -0.169 124.203 -0.171
202309 0.801 125.230 0.803
202312 1.908 125.468 1.908
202403 -0.781 125.468 -0.781

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.


Cascades  (TSX:CAS) 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.


Cascades Cyclically Adjusted Price-to-FCF Related Terms

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


Cascades (TSX:CAS) Business Description

Traded in Other Exchanges
Address
404, Rue Marie-Victorin Boulevard, C.P. 30, Kingsey Falls, QC, CAN, J0A 1B0
Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into three main business segments: Containerboard, Specialty Products (which constitutes packaging products), and Tissue Papers. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.