GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Russel Metals Inc (TSX:RUS) » Definitions » Cyclically Adjusted Price-to-FCF

Russel Metals (TSX:RUS) Cyclically Adjusted Price-to-FCF : 11.19 (As of Apr. 28, 2024)


View and export this data going back to 1943. Start your Free Trial

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

As of today (2024-04-28), Russel Metals's current share price is C$39.50. Russel Metals's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$3.53. Russel Metals's Cyclically Adjusted Price-to-FCF for today is 11.19.

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

TSX:RUS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.75   Med: 13.04   Max: 25.42
Current: 11.19

During the past years, Russel Metals's highest Cyclically Adjusted Price-to-FCF was 25.42. The lowest was 7.75. And the median was 13.04.

TSX:RUS's Cyclically Adjusted Price-to-FCF is ranked better than
80% of 80 companies
in the Industrial Distribution industry
Industry Median: 25.23 vs TSX:RUS: 11.19

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.

Russel Metals's adjusted free cash flow per share data for the three months ended in Dec. 2023 was C$1.996. 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$3.53 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Russel Metals Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Russel 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.

* Premium members only.

Russel Metals Cyclically Adjusted Price-to-FCF Chart

Russel Metals 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 14.35 11.54 13.75 9.52 12.75

Russel Metals 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 9.52 11.02 11.33 11.19 12.75

Competitive Comparison of Russel Metals's Cyclically Adjusted Price-to-FCF

For the Industrial Distribution subindustry, Russel 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.


Russel Metals's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Russel Metals's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Russel 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=39.50/3.53
=11.19

* 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.

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

For example, Russel 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)
=1.996/125.4675*125.4675
=1.996

Current CPI (Dec. 2023) = 125.4675.

Russel Metals Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.051 98.604 0.065
201406 -0.393 99.473 -0.496
201409 -0.217 99.394 -0.274
201412 0.265 98.367 0.338
201503 -0.217 99.789 -0.273
201506 1.118 100.500 1.396
201509 1.507 100.421 1.883
201512 2.906 99.947 3.648
201603 0.746 101.054 0.926
201606 0.495 102.002 0.609
201609 0.466 101.765 0.575
201612 0.793 101.449 0.981
201703 -0.501 102.634 -0.612
201706 -0.425 103.029 -0.518
201709 -0.339 103.345 -0.412
201712 -0.417 103.345 -0.506
201803 -0.336 105.004 -0.401
201806 0.304 105.557 0.361
201809 -0.845 105.636 -1.004
201812 1.630 105.399 1.940
201903 -0.182 106.979 -0.213
201906 0.661 107.690 0.770
201909 0.888 107.611 1.035
201912 2.089 107.769 2.432
202003 0.981 107.927 1.140
202006 1.774 108.401 2.053
202009 1.203 108.164 1.395
202012 1.607 108.559 1.857
202103 1.441 110.298 1.639
202106 1.643 111.720 1.845
202109 1.564 112.905 1.738
202112 -0.245 113.774 -0.270
202203 0.544 117.646 0.580
202206 0.967 120.806 1.004
202209 0.498 120.648 0.518
202212 3.069 120.964 3.183
202303 0.852 122.702 0.871
202306 1.858 124.203 1.877
202309 1.623 125.230 1.626
202312 1.996 125.468 1.996

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.


Russel Metals  (TSX:RUS) 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.


Russel Metals Cyclically Adjusted Price-to-FCF Related Terms

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


Russel Metals (TSX:RUS) Business Description

Traded in Other Exchanges
Address
6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6
Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The energy products segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. The company generates all of its revenue from the North American market.

Russel Metals (TSX:RUS) Headlines

No Headlines