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Olympic Steel (FRA:OYS) Cyclically Adjusted FCF per Share : €2.44 (As of Mar. 2024)


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What is Olympic Steel 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.

Olympic Steel's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.586. 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 €2.44 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Olympic Steel's average Cyclically Adjusted FCF Growth Rate was 46.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 29.40% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Olympic Steel was 421.70% per year. The lowest was -75.60% per year. And the median was -1.70% per year.

As of today (2024-06-10), Olympic Steel's current stock price is €45.80. Olympic Steel's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.44. Olympic Steel's Cyclically Adjusted Price-to-FCF of today is 18.77.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Olympic Steel was 1866.00. The lowest was 12.34. And the median was 41.34.


Olympic Steel Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Olympic Steel'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.

Olympic Steel Cyclically Adjusted FCF per Share Chart

Olympic Steel 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 0.01 0.86 0.02 1.34 2.14

Olympic Steel 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 1.64 1.51 1.78 2.14 2.44

Competitive Comparison of Olympic Steel's Cyclically Adjusted FCF per Share

For the Steel subindustry, Olympic Steel'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.


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

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

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



Olympic Steel 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, Olympic Steel'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)
=-0.586/131.7762*131.7762
=-0.586

Current CPI (Mar. 2024) = 131.7762.

Olympic Steel Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.322 100.560 -0.422
201409 -2.166 100.428 -2.842
201412 1.370 99.070 1.822
201503 1.063 99.621 1.406
201506 2.209 100.684 2.891
201509 1.803 100.392 2.367
201512 3.029 99.792 4.000
201603 0.116 100.470 0.152
201606 0.435 101.688 0.564
201609 -1.744 101.861 -2.256
201612 -0.136 101.863 -0.176
201703 -2.283 102.862 -2.925
201706 -1.187 103.349 -1.513
201709 -0.749 104.136 -0.948
201712 1.777 104.011 2.251
201803 -3.637 105.290 -4.552
201806 -1.831 106.317 -2.269
201809 -0.587 106.507 -0.726
201812 0.558 105.998 0.694
201903 -0.275 107.251 -0.338
201906 3.980 108.070 4.853
201909 3.507 108.329 4.266
201912 2.166 108.420 2.633
202003 -1.281 108.902 -1.550
202006 1.051 108.767 1.273
202009 1.732 109.815 2.078
202012 2.238 109.897 2.684
202103 -2.046 111.754 -2.413
202106 -5.218 114.631 -5.998
202109 -2.536 115.734 -2.888
202112 -1.748 117.630 -1.958
202203 1.003 121.301 1.090
202206 2.040 125.017 2.150
202209 4.079 125.227 4.292
202212 6.650 125.222 6.998
202303 3.634 127.348 3.760
202306 1.520 128.729 1.556
202309 3.019 129.860 3.064
202312 4.143 129.419 4.218
202403 -0.586 131.776 -0.586

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


Olympic Steel  (FRA:OYS) 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.

Olympic Steel's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=45.80/2.44
=18.77

* 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 Olympic Steel was 1866.00. The lowest was 12.34. And the median was 41.34.


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.


Olympic Steel Cyclically Adjusted FCF per Share Related Terms

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


Olympic Steel (FRA:OYS) Business Description

Industry
Traded in Other Exchanges
Address
22901 Millcreek Boulevard, Suite 650, Highland Hills, OH, USA, 44122
Olympic Steel Inc provides metals processing and distribution services in the United States. The company operates in three reportable segments; specialty metals flat products, carbon flat products, and tubular and pipe products. It specializes in the processing and distribution of large volumes of carbon, aluminum, and stainless steel flat-rolled sheet, coils, plates, bars, and fabricated parts. The group serves various industries such as industrial machinery and equipment manufacturers, automobile manufacturers and suppliers, and transportation equipment manufacturers. The company generates majority of the revenue from carbon flat products.

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