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Vallourec (XPAR:VK) Cyclically Adjusted FCF per Share : €-3.37 (As of Mar. 2024)


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What is Vallourec Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Vallourec's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.430. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €-3.37 for the trailing ten years ended in Mar. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2024-06-01), Vallourec's current stock price is €16.325. Vallourec's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-3.37. Vallourec's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Vallourec was 52.95. The lowest was 8.42. And the median was 24.78.


Vallourec Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Vallourec's Cyclically Adjusted FCF per Share 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.

Vallourec Cyclically Adjusted FCF per Share Chart

Vallourec Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.51 -2.28 -4.90 -3.06 -

Vallourec Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 -2.25 -2.30 - - -3.37

Competitive Comparison of Vallourec's Cyclically Adjusted FCF per Share

For the Steel subindustry, Vallourec'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.


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

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

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



Vallourec Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Vallourec'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)
=0.43/119.4700*119.4700
=0.430

Current CPI (Mar. 2024) = 119.4700.

Vallourec Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.843 100.180 1.005
201409 6.510 99.920 7.784
201412 10.248 99.860 12.260
201503 -1.967 100.170 -2.346
201506 2.521 100.440 2.999
201509 2.006 99.950 2.398
201512 7.029 100.040 8.394
201603 -14.852 100.020 -17.740
201606 -2.318 100.630 -2.752
201609 -2.338 100.340 -2.784
201612 0.115 100.650 0.137
201703 -7.235 101.170 -8.544
201706 -2.980 101.320 -3.514
201709 -2.507 101.330 -2.956
201712 -0.609 101.850 -0.714
201803 -8.255 102.750 -9.598
201806 -4.562 103.370 -5.273
201809 -4.594 103.560 -5.300
201812 2.108 103.470 2.434
201903 -4.880 103.890 -5.612
201906 0.604 104.580 0.690
201909 0.785 104.500 0.897
201912 2.329 104.980 2.650
202003 -5.465 104.590 -6.243
202006 -2.335 104.790 -2.662
202009 1.116 104.550 1.275
202012 3.379 104.960 3.846
202103 -1.870 105.750 -2.113
202106 -0.592 106.340 -0.665
202109 -0.441 106.810 -0.493
202112 0.072 107.850 0.080
202203 -1.004 110.490 -1.086
202206 -0.746 112.550 -0.792
202209 -0.354 112.740 -0.375
202212 1.150 114.160 1.203
202303 0.612 116.790 0.626
202306 0.470 117.650 0.477
202309 0.000 118.260 0.000
202312 0.000 118.390 0.000
202403 0.430 119.470 0.430

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Vallourec  (XPAR:VK) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Vallourec was 52.95. The lowest was 8.42. And the median was 24.78.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Vallourec Cyclically Adjusted FCF per Share Related Terms

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


Vallourec (XPAR:VK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vallourec SA (XPAR:VK) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
12 Rue de la Verrerie, Meudon, FRA, 92190
Vallourec SA is engaged in the provision of tubular solutions to the oil and gas industry. Its expertise also extends to the industry sector including mechanicals, automobile, and construction. The company has structured its operations into the following business segments, Seamless Tubes, Specialty Products and and Holding companies and other. The group has a large portfolio of tubular products including a range of seamless tubes, specialty tubes; and connections and accessories. Its primary geographic markets are Europe, North America, South America, Asia, and Rest of the World. Geographically the company receives maximum revenue from North America.

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