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KGHM Polska Miedz (KGHM Polska Miedz) Cyclically Adjusted FCF per Share : $1.04 (As of Mar. 2024)


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What is KGHM Polska Miedz 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.

KGHM Polska Miedz's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-1.565. 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 $1.04 for the trailing ten years ended in Mar. 2024.

During the past 12 months, KGHM Polska Miedz's average Cyclically Adjusted FCF Growth Rate was -22.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -21.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -17.10% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of KGHM Polska Miedz was -4.00% per year. The lowest was -22.40% per year. And the median was -17.70% per year.

As of today (2024-06-08), KGHM Polska Miedz's current stock price is $38.89. KGHM Polska Miedz's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.04. KGHM Polska Miedz's Cyclically Adjusted Price-to-FCF of today is 37.39.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of KGHM Polska Miedz was 41.09. The lowest was 4.50. And the median was 14.86.


KGHM Polska Miedz Cyclically Adjusted FCF per Share Historical Data

The historical data trend for KGHM Polska Miedz'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.

KGHM Polska Miedz Cyclically Adjusted FCF per Share Chart

KGHM Polska Miedz 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 3.00 2.91 1.62 1.24 1.22

KGHM Polska Miedz 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 1.11 1.24 1.28 1.22 1.04

Competitive Comparison of KGHM Polska Miedz's Cyclically Adjusted FCF per Share

For the Copper subindustry, KGHM Polska Miedz'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.


KGHM Polska Miedz's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, KGHM Polska Miedz's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



KGHM Polska Miedz 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, KGHM Polska Miedz'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)
=-1.565/149.0435*149.0435
=-1.565

Current CPI (Mar. 2024) = 149.0435.

KGHM Polska Miedz Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.021 101.180 -0.031
201409 0.252 100.611 0.373
201412 0.512 100.122 0.762
201503 0.397 100.041 0.591
201506 0.455 100.448 0.675
201509 -0.012 99.634 -0.018
201512 -0.560 99.471 -0.839
201603 -0.482 98.983 -0.726
201606 -0.087 99.552 -0.130
201609 0.315 99.064 0.474
201612 1.454 100.366 2.159
201703 -0.196 101.018 -0.289
201706 0.176 101.180 0.259
201709 -0.062 101.343 -0.091
201712 0.475 102.564 0.690
201803 -0.857 102.564 -1.245
201806 0.145 103.378 0.209
201809 0.561 103.378 0.809
201812 1.307 103.785 1.877
201903 -0.511 104.274 -0.730
201906 0.506 105.983 0.712
201909 -0.132 105.983 -0.186
201912 2.040 107.123 2.838
202003 -0.042 109.076 -0.057
202006 0.421 109.402 0.574
202009 0.537 109.320 0.732
202012 1.792 109.565 2.438
202103 0.111 112.658 0.147
202106 0.667 113.960 0.872
202109 -0.745 115.588 -0.961
202112 0.389 119.088 0.487
202203 0.765 125.031 0.912
202206 -1.286 131.705 -1.455
202209 -0.488 135.531 -0.537
202212 -1.074 139.113 -1.151
202303 0.389 145.950 0.397
202306 0.666 147.009 0.675
202309 -0.316 146.113 -0.322
202312 0.660 147.741 0.666
202403 -1.565 149.044 -1.565

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


KGHM Polska Miedz  (OTCPK:KGHPF) 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.

KGHM Polska Miedz's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=38.89/1.04
=37.39

* 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 KGHM Polska Miedz was 41.09. The lowest was 4.50. And the median was 14.86.


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.


KGHM Polska Miedz Cyclically Adjusted FCF per Share Related Terms

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


KGHM Polska Miedz (KGHM Polska Miedz) Business Description

Address
48 M.Sklodowskiej-Curie Street, Lubin, POL, 59-301
KGHM Polska Miedz SA engages in copper ore mining and copper production primarily in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewellery, photography products and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is primarily through sales of silver, while a minor portion is generated through the production of gold, salt and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom and the Czech Republic, among many other European nations. KGHM Polska Miedz SA is also involved in construction and engineering, through its wholly owned subsidiary Bipromet SA.

KGHM Polska Miedz (KGHM Polska Miedz) Headlines