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Summit Materials (FRA:7SU) Cyclically Adjusted FCF per Share : €0.85 (As of Mar. 2024)


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What is Summit Materials 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.

Summit Materials's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.660. 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 €0.85 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Summit Materials's average Cyclically Adjusted FCF Growth Rate was 111.10% per year. 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 (2024-06-08), Summit Materials's current stock price is €34.40. Summit Materials's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.85. Summit Materials's Cyclically Adjusted Price-to-FCF of today is 40.47.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Summit Materials was 83.04. The lowest was 39.71. And the median was 63.63.


Summit Materials Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Summit Materials'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.

Summit Materials Cyclically Adjusted FCF per Share Chart

Summit Materials 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 - - - 0.48 0.56

Summit Materials 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 0.40 0.43 0.51 0.56 0.85

Competitive Comparison of Summit Materials's Cyclically Adjusted FCF per Share

For the Building Materials subindustry, Summit Materials'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.


Summit Materials's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

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

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



Summit Materials 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, Summit Materials'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)
=-0.66/131.7762*131.7762
=-0.660

Current CPI (Mar. 2024) = 131.7762.

Summit Materials Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.740 100.560 -0.970
201409 0.630 100.428 0.827
201412 2.612 99.070 3.474
201503 -2.561 99.621 -3.388
201506 -1.373 100.684 -1.797
201509 0.783 100.392 1.028
201512 1.718 99.792 2.269
201603 -1.388 100.470 -1.820
201606 -0.501 101.688 -0.649
201609 0.935 101.861 1.210
201612 1.233 101.863 1.595
201703 -0.832 102.862 -1.066
201706 -0.011 103.349 -0.014
201709 0.617 104.136 0.781
201712 0.843 104.011 1.068
201803 -0.727 105.290 -0.910
201806 -0.482 106.317 -0.597
201809 0.393 106.507 0.486
201812 0.787 105.998 0.978
201903 -0.723 107.251 -0.888
201906 0.025 108.070 0.030
201909 0.879 108.329 1.069
201912 1.060 108.420 1.288
202003 -0.789 108.902 -0.955
202006 0.434 108.767 0.526
202009 0.890 109.815 1.068
202012 1.078 109.897 1.293
202103 -0.650 111.754 -0.766
202106 0.227 114.631 0.261
202109 0.668 115.734 0.761
202112 0.813 117.630 0.911
202203 -0.559 121.301 -0.607
202206 -0.304 125.017 -0.320
202209 0.474 125.227 0.499
202212 0.587 125.222 0.618
202303 -0.498 127.348 -0.515
202306 0.235 128.729 0.241
202309 0.738 129.860 0.749
202312 0.927 129.419 0.944
202403 -0.660 131.776 -0.660

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


Summit Materials  (FRA:7SU) 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.

Summit Materials's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=34.40/0.85
=40.47

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Summit Materials was 83.04. The lowest was 39.71. And the median was 63.63.


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.


Summit Materials Cyclically Adjusted FCF per Share Related Terms

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


Summit Materials (FRA:7SU) Business Description

Traded in Other Exchanges
Address
1801 California Street, Suite 3500, Denver, CO, USA, 80202
Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.

Summit Materials (FRA:7SU) Headlines

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