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Canfor (TSX:CFP) Cyclically Adjusted Price-to-FCF : 5.16 (As of May. 15, 2024)


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What is Canfor Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Canfor's current share price is C$15.26. Canfor's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$2.96. Canfor's Cyclically Adjusted Price-to-FCF for today is 5.16.

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

TSX:CFP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.43   Med: 17.91   Max: 264.43
Current: 5

During the past years, Canfor's highest Cyclically Adjusted Price-to-FCF was 264.43. The lowest was 4.43. And the median was 17.91.

TSX:CFP's Cyclically Adjusted Price-to-FCF is ranked better than
88.46% of 130 companies
in the Forest Products industry
Industry Median: 17.165 vs TSX:CFP: 5.00

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.

Canfor's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$-1.551. 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$2.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canfor Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canfor'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.

Canfor Cyclically Adjusted Price-to-FCF Chart

Canfor 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 13.14 16.06 11.30 6.12 5.91

Canfor 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 6.64 7.53 5.28 5.91 5.78

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

For the Lumber & Wood Production subindustry, Canfor'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.


Canfor's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

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

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



Canfor 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.26/2.96
=5.16

* 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.

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

For example, Canfor'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)
=-1.551/125.4675*125.4675
=-1.551

Current CPI (Mar. 2024) = 125.4675.

Canfor Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.034 99.473 1.304
201409 0.414 99.394 0.523
201412 0.410 98.367 0.523
201503 -0.092 99.789 -0.116
201506 0.575 100.500 0.718
201509 -0.009 100.421 -0.011
201512 -0.367 99.947 -0.461
201603 0.029 101.054 0.036
201606 1.183 102.002 1.455
201609 0.689 101.765 0.849
201612 0.735 101.449 0.909
201703 0.255 102.634 0.312
201706 1.445 103.029 1.760
201709 0.531 103.345 0.645
201712 0.485 103.345 0.589
201803 0.123 105.004 0.147
201806 2.195 105.557 2.609
201809 0.657 105.636 0.780
201812 -1.963 105.399 -2.337
201903 -1.788 106.979 -2.097
201906 0.982 107.690 1.144
201909 -0.466 107.611 -0.543
201912 0.457 107.769 0.532
202003 -0.478 107.927 -0.556
202006 2.126 108.401 2.461
202009 3.191 108.164 3.701
202012 2.126 108.559 2.457
202103 1.953 110.298 2.222
202106 8.225 111.720 9.237
202109 2.340 112.905 2.600
202112 -0.639 113.774 -0.705
202203 1.674 117.646 1.785
202206 4.562 120.806 4.738
202209 0.372 120.648 0.387
202212 -2.708 120.964 -2.809
202303 -2.528 122.702 -2.585
202306 0.344 124.203 0.348
202309 0.106 125.230 0.106
202312 -1.514 125.468 -1.514
202403 -1.551 125.468 -1.551

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.


Canfor  (TSX:CFP) 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.


Canfor Cyclically Adjusted Price-to-FCF Related Terms

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


Canfor (TSX:CFP) Business Description

Industry
Traded in Other Exchanges
Address
100-1700 West 75th Avenue, Vancouver, BC, CAN, V6P 6G2
Canfor is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America and Europe, with lumber mills in British Columbia, Alberta, the Southeastern United States, and Sweden. It has two reportable segments: lumber and pulp and paper. The lumber segment includes Canfor's sawmilling and remanufacturing operations and the pulp and paper segment includes the kraft pulp, kraft paper, and bleached chemi-thermomechanical pulp businesses of Canfor Pulp.

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