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Sappi (STU:SPI) Cyclically Adjusted FCF per Share : €0.16 (As of Mar. 2024)


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What is Sappi 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.

Sappi's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.371. 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 €0.16 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sappi's average Cyclically Adjusted FCF Growth Rate was -2.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 26.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -4.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -14.20% 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 Sappi was 26.20% per year. The lowest was -33.40% per year. And the median was -13.90% per year.

As of today (2024-06-07), Sappi's current stock price is €2.42. Sappi's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.16. Sappi's Cyclically Adjusted Price-to-FCF of today is 15.13.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sappi was 41.42. The lowest was 2.23. And the median was 12.29.


Sappi Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sappi'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.

Sappi Cyclically Adjusted FCF per Share Chart

Sappi Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.10 0.07 0.14 0.19

Sappi 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 0.17 0.20 0.19 0.20 0.16

Competitive Comparison of Sappi's Cyclically Adjusted FCF per Share

For the Paper & Paper Products subindustry, Sappi'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.


Sappi's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

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

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



Sappi 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, Sappi'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)
=-0.371/155.4180*155.4180
=-0.371

Current CPI (Mar. 2024) = 155.4180.

Sappi Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.031 95.813 -0.050
201409 0.267 96.794 0.429
201412 -0.187 96.794 -0.300
201503 0.129 98.538 0.203
201506 0.040 100.173 0.062
201509 0.265 101.154 0.407
201512 -0.039 101.808 -0.060
201603 0.156 104.969 0.231
201606 0.131 106.713 0.191
201609 0.260 107.694 0.375
201612 0.030 109.002 0.043
201703 0.029 111.400 0.040
201706 0.061 112.054 0.085
201709 0.080 112.926 0.110
201712 -0.014 113.907 -0.019
201803 -0.156 115.542 -0.210
201806 -0.064 116.959 -0.085
201809 0.039 118.376 0.051
201812 -0.006 118.921 -0.008
201903 -0.238 120.774 -0.306
201906 -0.028 122.191 -0.036
201909 0.286 123.281 0.361
201912 -0.193 123.717 -0.242
202003 0.007 125.679 0.009
202006 -0.102 124.807 -0.127
202009 0.131 126.878 0.160
202012 0.011 127.467 0.013
202103 -0.079 129.628 -0.095
202106 0.069 131.113 0.082
202109 0.050 133.273 0.058
202112 -0.001 135.029 -0.001
202203 0.157 137.594 0.177
202206 0.264 140.835 0.291
202209 0.383 143.671 0.414
202212 0.042 145.156 0.045
202303 0.077 147.586 0.081
202306 0.120 148.802 0.125
202309 0.065 151.502 0.067
202312 -0.082 152.718 -0.083
202403 -0.371 155.418 -0.371

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


Sappi  (STU:SPI) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.42/0.16
=15.13

* 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 Sappi was 41.42. The lowest was 2.23. And the median was 12.29.


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.


Sappi Cyclically Adjusted FCF per Share Related Terms

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


Sappi (STU:SPI) Business Description

Industry
Traded in Other Exchanges
Address
108 Oxford Road, Rosebank, Houghton Estate, Johannesburg, GT, ZAF, 2198
Sappi Ltd produces and sells a variety of paper and paper-related products. The products and services include Dissolving pulp, Graphic papers, Packaging and speciality papers, Casting and release papers, Biomaterials and Bio-energy. The company organizes itself into three primary segments based on geography: North America, Europe, and Southern Africa. More of the revenue comes from Europe than any other geography.